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Trading is difficult because most traders don't have a decent edge.

So is the sky falling already? :D

I think its the old smash and grab. What could possibly cause LEH to go under? They can always pledge more of their junk for treasuries if they get really desperate.

Well its down 6 now. :p

What? No more "get the hell out now" warnings? :D

precisely.

Keep guessing, you might get lucky one day? :D

Started with 10k a few yrs ago, blew my account in like a month, came back with another 10k six months later and my account is now up >20 fold. My experience is that you don't need a lot of trading capital to be profitable IF you have a trading edge.

Pumped yesterday, dumped today. :D

Its the pathetic "ABK pump and dump" again. :p

Nice pump and dump. :D

It was just another rumour conjured to pump up the markets for another round of dumping.

Its just a rumour.

It was pump and dump just a couple of days ago, now we have trap and squeeze. :D

The world hasnt gone mad, its the market thats insane. News is irrelevant because the market can always be manipulated in the very short run.

Looks like another pump and dump today.

I checked around and found no news either, at least nothing of significance that would justify a 160 pt gap up.

Lol that is screwed up accounting. A gift card sale is a sale, who cares if its been redeemed or not? The stores dont lose anything if the cards arent ultimately redeemed, do they?

lol "surprise"? They have been doing that everytime the market threatened to tank. *yawn*

25bps is baked in, 50 isnt. I dont think there will be a sell off if we get 50, just look at the number of ET pikers who are expecting a 25, thats a pretty good contrarian indicator. :D