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Yes, life in 1974, 1982 or 1990 was so much better for the average worker!!!!!!!!!!! All middle class families had 2 cars, the wifes were wearing Gucci shoes and Louis Vuitton bags and the kids were wasting their parents money on iPhones and drugs. Boy did the standard of living erode!!!

Unfortunately unit labor costs are giving a completely different picture. Too bad for the gold bugs.

Hitting new 52w lows on double volume. BUY BUY BUY!

The stock holdings in BRK 'only' have a value of $75bln as of 12/31/2007 out of the total $200 bln market cap. Might explain why the company as a whole did better than the equity portion of its holdings.

I am not sure if you realize that nobody here is disputing the fact that oil will see a massive correction at some time (tomorrow? next month? in 9 months?). The real question is how do you make sure you have money left in your account to put into the market when the time has come when you...

Buffet bought $400m worth of PetroChina (PTR) in 2003 and sold it for $4bln in 2007. A sweet $3.6bln in profits. Beat that. He also owns COP. So you're completely wrong.

Zanger hauled what like $20m net out of the markets with his aggressive trading style and now gets criticized by half-broke college kids on an anonymous message board. Only on ET!

http://online.wsj.com/article/SB111270255444198252.html Economists Tear Up Last Year's Predictions On the Price Level That Would Stifle Growth By TIM ANNETT THE WALL STREET JOURNAL ONLINE April 7, 2005 SHIFTING THE GOAL POSTS [I made this screenshot from the WSJ article which sums...

Ninja Trader and Vector Vest have NOTHING in common. How do you expect people to 'help' you when it's clear you didn't do your homework in the first place?

"With oil hitting $120, there are some things about the energy markets that don't make much sense. Or maybe they do?" http://www.forbes.com/technology/forbes/2008/0519/036.html "An oil bubble to rival the Internet boom"...

Yes they said the same thing about $60 and $90 before. Essentially, we will never know what level of commodity prices the economy can take without falling into paralysis until we reach that magic point. The good thing about speculation in commodity prices is that speculators will drive prices...

I guess most covers are anti-prophetic and 'jinx' whatever they hype. 'The death of equities' comes to mind, when was that, 1978/9 Time cover story? Or the Sept 1999 CSCO Businessweek story.

I guess Cramer and businessweek jinxed it for good ole' eddie http://www.businessweek.com/magazine/content/04_47/b3909001_mz001.htm

And it reminds me of all the fools that started 'averaging' into massive short positions in bubblelicious tech stocks in 1998/1999/2000 who ended up blowing up way before the bubble eventually burst.

Yes, the Fed can control oil prices simply by playing with interest rates. Why has nobody thought of this genius idea before?

Don't worry, your broker doesn't make a dime on your paper trading.

Considering you're short oil there is not much reason to laugh for you is there:

On a side note, you also have railroads in the $DJT and they benefit from high oil prices as they become more competitive compared to trucking companies.

The two biggest 'edges' that a full-time individual trader can have (IMO) are a) Proper capitalization. Enough money to pay mortgage/rent/health care/insurance/living expenses/kids/wife shopping sprees etc. for 12-18 months even if one goes through a 30% drawdown in capital. I think this is...