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Correction, I am agreeing with you but for an entirely different reason. I disagree with your reasoning about the Sharpe Ratio's ineffectiveness in your example.

I disagree, although I don't believe in the "Sharpe Ratio" per se (or Sortini ratio, etc). What Sharpe measures is the deviations of your returns versus your equity curve. The sharpe ratio has no way of measuring the underlying volatility of the instrument (here the sp500 since you counter-trend...

If this is the case I'm really disappointed. What happened to "change"? This bodes poorly for replacing Ben Bernanke or putting someone like Volcker back in.

I disagree: a) credit is being destroyed faster than created b) you can't force banks to lend or people to borrow. You went from a time when someone with no job no income no assets could get $300k+ loans to rational lending. Its deflation, everywhere you look all signs confirm it...

well since ge poses systemic risk, and government money is cheaper than any other money (if you can get it) why aren't they in line on the TARP (ie they pose systemtic risk and will result in so many job losses blah blah blah like every other company in the TARP)

Lol, RIP America before he's even in office after what Bush has done? Oh yeah, I forgot its all Clintons fault right

Worry about your fund Ken and not what anonymous people on a message board say :p

and lowered guidance and eps going forward

whats funny is seeing the ES down 41 pts and thinking whats the big deal! :D

is this flytiger's new alias?

i thought it was his personal account and not BRK, i think his personal account is only 1% of his wealth.

hmm, but what if 1 swan represented the world markets.. I wonder what the other two represent, revolution in US? other country? WW III?

So i was jogging, thinking about how incompetent our leadership is, if I should fade this move and then I saw a sign from the trading gods! OMG there are [3]! look out below tommorow is going to be UGLY !! If one represents the stock market, what are the other two ?? :p :p :p

i dont see any problem with people doing whats in their own best interest. If walking away make sense, why not? Its not like everyone else isn't cheating/getting bailed out/etc. I've been a renter for a years so I don't have skin in housing, but it makes no sense to be responsible when everyone...

i dont get it. So lets say: 80% or 4 out of 5 times you make $1 = $4 20% or 1 out of 5 times you lose = $4 this doesn't have positive expectancy.

i agree; the cheap money definately found its way into stocks, goog is going to lose its grow premium multiplier, and now you have so many longs trapped above. Unless you really believe/fundamentally believe its #s wont change/you have a dodd margin of safety, I'd say thats pretty accurate with...

Hi, This thread is for people to post stories or evidence of what its like on Wall Street and in NYC right now. I'm not there but curious as to what its like there, now.

i agree, but put it in context, 5000 points off of 14200 in % terms I think its off like 30-33% which is a lot in a year.

question for stock trader: did you really take this kind of loss, how much did you lose in reality. I know you didn't believe in stop-losses and had conviction.. or did you throw in the towel when s&p broke xxxx area, in any case, what % were you down after I think your 40% up year.

I think over the next several months/years (macro view) we are going to see the biggest rally in USD we have ever seen! Why? With credit destruction, total dollar equivalents are being destroyed. Even with FED and $1 trillion in the grand scheme its not enuff. Really because everyone who was...