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Gotta love ET. :p

What a difference a week can make!

SINGAPORE, June 9 (Reuters) - Fund manager BlackRock (BLK.N: Quote, Profile, Research) expects the global credit crisis to last another two to four years as a weakening U.S. economy triggers more writedowns by banks, its chief investment officer for equities said on Monday. "The credit crisis...

Obviously crude calming down and at the very least going sideways would help going back to the January highs. I don't doubt middle class US consumers have tough times ahead, but it's definitely not the first time that's the case. Is this a walk in the park? Doesn't look like it. Is this a...

Yea I think it's a lot of hard work, talent and discipline. Oh and make that $5.5 bln under management.

Frank, regarding fundamentals, it seems to me every period is being perceived as the "worst ever". 1981/82, 1990/91 and 2001/2002. And now 2007/2008. The headlines read exactly the same. It's always the "biggest challenge", the "US is being sold out" and "Asia is taking over". Of course this...

And what changes if we actually are or are not in a recession? Does it make trading any different? I don't understand the obsession with this technicality.

I agree about the demand destruction part. The problem with shorting oil at this point though is that we have no idea where the magic 'destruction threshold' lies. Was it $90? Was it $120? Will it be at $150? I have no idea. Even if we see a worldwide recession now due to climbing energy...

1991 and 2002 were better fundamental backdrops? 2008 must be reallllllllllllllllly bad then.

Averaging into another loser? You're long DEE since early May: http://www.elitetrader.com/vb/showthread.php?s=&postid=1927137#post1927137

Trading is a business. If a business is low on capital they can quickly become illiquid and soon thereafter go out of business. Same with trading. It's imperative to always be well-capitalized (i.e. every single day, see the blowups on Martin Luther King day on Globex); less leverage than...

So many on ET constantly posting and HOPING AND PRAYING we go down hard. The 'pessimist' to 'optimist' ratio (here on the board, from people that post) must be 1:5. Is it more 'chic' to be a bear? Maybe it makes one look more intellectual? Is money made on the short side worth more in your...

I think he makes a very interesting point, of course it is all pure speculation. Who knows, maybe in the end guys like Einhorn help LEH survive by forcing them to continuously raise capital while Fuld claims they don't need any extra liquidity and are adequately capitalized since months. The...

I guess it was bank CEOs standing in the lineups at Northern Rock? Or was it middle class people scared to lose their deposits?

I agree with you on BSC, Mvic. We will never know what 'what would have happened if' the Fed never forced their bailout. I am not so sure that it would just have been another investment bank going out of business and the world would have continued like as if nothing happened (like e.g. Rogers...

For what its worth, one thing that always helped me is blend out news headlines, blend out CNBC, blend out anything that others say and strictly stick with my trading discipline. Come Monday is just another day. Just like last Monday and the one before. I won't do anything different and trade it...

Just for historic reference, here's the last couple times when the US has been declared 'dead' and the middle class was on the brink of bankruptcy and lining up at soup kitchens: 1974 1981/82 (1982 vision of 2019 Los Angeles, scene from 'Bladerunner'...

I love the "stocks should be up" part. Too bad we don't get paid by where prices should be trading at but where they are trading at. http://www.bloomberg.com/apps/news?pid=20601087&sid=aNrvd_rk.PUs&refer=home Buy Stocks as Investors `Misread' Jobs, JPMorgan Says (Update1) By Michael...

Funny how he wanted to become 5-time HW champion just last year at age 44. He kept saying it was the love for the sport that was driving him. Now we know he's broke and wanted to avoid foreclosure. Good he lost that fight last year against Ibragimov.

And if our humble efforts... ...should bring us an award... ...we would not refuse it... :D <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/-W8xnrRRS44&hl=en"></param><embed src="http://www.youtube.com/v/-W8xnrRRS44&hl=en"...