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Haven't posted in a while - last 2.5 months amazing. Started trading again early this year after a few years break - didn't make or lose anything until August - then BOOM. No homeruns just lots of base hits scalping. $5,600 for the day $43,400 month

I vote 1000% with the crowd that says anything you are doing that would cause you even to have remotely suicidal thoughts is not worth doing. I took a hiatus from trading and worked on a fishing boat for a few months - it was a blast. Nothing was working I was all fouled up. Cleared up my...

deeeeeeeeeeeeeeeeeeeeeep

ibankcoin.com "The Fly" and his gang are absolutely hilarious. Real traders making mad bucks. slopeofhope.com Tim Knight has been killing it, usually bearish - went long the bottom. Solid technical analysis from him and his gang. Both blogs have serious communities. IBC...

I got donkey punched by the pull back in VLO off the open on some size for 10% of my acct and stopped out. Made it back + some rather quickly in FCX, but never regained my confidence. Should have been a gangbusters day, like 20- 30k ended up with a average gain. Watched VLO turn and...

Real Estate buddy can't find a buyer at $1 million for a home that transacted at $1.7 million less than two years ago in the Hamptons. Distressed seller. "Nothing is moving"

I tend to subscribe to the chaos theory rather than the "man behind the curtain". When every financial institution was levered up over 20:1, some 40:1, some 60:1!!!!, yes a 5% default can wreak major havoc. If you're in at 20:1, 5% wipes you out. No conspiracy there. just math.

Does anyone think the ban will be lifted? It has added incredible volatility to the up and downside - great for traders. Not really restoring confidence to investors. How can one invest in a market moving multiple percentiles daily? I'm loving the volatility - crazy up & down...

Massive redemptions spawned by media inspired panic. Lots of names getting absolutely thrashed. There are lots of good buys out there. Haven't pulled the trigger yet - stocks I thought were cheap on Friday lost another 10 - 15%. Just day trading until the selling is done. Intra-day...

Two names : Paulson Bernanke They took it to congress. Been all over the news and stuff.

Where do we go? Looks like it could be a major downleg. If it passes can we pop huge or did we get the pop? Looking to do some index call and put options - volatility should be enough for a major move.

We have witch hunts, panics, bailouts, buyouts, bankruptcies, takeunders, short bans - you name it. I'm getting pretty worn out / burnt out but this market is thrilling. Sick volatility.

Awesome video = "lets play wallstreet bailout" http://www.youtube.com/watch?v=S27yitK32ds

Exactly

So crazy. Shorts didn't kill LEH, LEH killed LEH. They were so levered up in a bubble market WTF were they thinking. The company was insolvent. Shorts didn't kill the market - greed did - all these financials were so overstuffed, and banks giving out money like nothing. Come on -...

Wachovia Sachs!

.8595 BAC = 1 MER puts current deal at $22.82

I've been trading over ten years and non-trader acquaintances I talk to infrequently (say once or twice a year) were calling today. Probably 8 calls in all asking wtf? Smells like quite a bit of concern from John Q. Public. My take is we have more downside and this bottom will be the...

MER buyout had to be done at a premium. Futures are "only" down 300 and spin doctors will use the MER buyout to prop / push financial stocks, and buoy the markets. "Look -MER was UNDERVALUED" I can hear it now :) Without this financial stocks would be in free fall tomorrow. With this we...

Anybody see anything factual? I googled couldn't find anything.