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This is kinda funny ... http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSL3odYqTN0c Markit Shelves Plan for Index Linked to Auto Bonds March 13 (Bloomberg) -- Markit Group Ltd. shelved plans to create an index that would have allowed investors to bet on the $200 billion market...

Here are his girls. I must say I can't understand what went on in Elliot's mind. He had it all and blew a career and family. For what? Insane.

In the minds of our resident ET economist PHD's the USD foreign exchange rates are solely driven by Fed funds rates and nothing else!

The single fact that you reference the Dow and not he SP500 shows how serious one should take you.

LMAO I was thinking the same thing.

Is that opinion or fact? I'd go with opinion.

Are you nuts?????????????????????????????? SELL THE RALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Repeating the same drivel every day doesn't add any more factual truth to it. Rate cuts destroy an economy? Go read a basic introduction to macro economics. It will help clean up some of the misconceptions in your head.

Not sure, but is it anything special if the Dow moves a total of 2% within 2 trading days when the $VIX is around 27-29?

From Reuters: "Bear Stearns' credit default swaps rose to 700 basis points, or $700,000 a year for five years to protect $10 million of debt, up from 580 basis points at Wednesday's close."

My god what a bunch of children. Why do people watch this BS 12 hours a day?

The 25% drawdown is AFTER leverage, not before.

I like Rogers myself. What he fails to address IMO is how it benefits the US economy if the banking system were to go into a systemic tailspin with a couple of big institutions (e.g. C, WM etc.) going out of business overnight and defaulting on their debt. LIBOR would likely soar to 15% and...

I wonder how the Japanese housewifes are doing with their carry trade hobby?

It means they won't earn incentive fees for a while so many just try to shut down. I say try because most of their holdings are probably rather illiquid so they will have a hard time getting money for their whatever they own.

You mean rally in JPY? :D

I found this explanation funny "Dr. Laura Blames Spitzer's Wife" http://www.huffingtonpost.com/2008/03/11/dr-laura-blames-spitzer_n_90994.html

I agree with plugger. No point in fighting over macro economic basics. For anybody who wants a recommendation on a good macro economics text book I'd go with either of these two. Best $100 you can spend on the topic IMO: http://www.amazon.com/Macroeconomics-N-Gregory-Mankiw/dp/0716752379...

I agree in principle. Still, the question remains: What do you do after the US banking system is already in a huge mess. What medicine is better for the overall well being of the nations economy over the next 5, 10, 20 years... the capitalist or the 'socialist' one? The scenario the Fed is...

Not sure if this is news to you, but every company in the entire world - even the couple of triple AAA rated ones GE, BRK-A, etc. etc, - use credit lines and debt every day of the week. A healthy company's cash account is 'breathing' as cash in coming into the company from revenues of goods sold...