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Nothing, he runs a website. I doubt he even trades stocks, just pumps them.

Same deal with RIMM

Many of the stocks in this list look just like this. If this isn't a parabolic drop down I don't know what is. This stock, and many others in the group, is going to bounce hard very soon.

Wow! These charts look flat out ugly. I'm gonna have to put these on a watch list and look for some long triggers. I think stock_trad3r said the other day there is no crisis. There's surely a crisis in his stock account.

as indicators go, this one actually looks pretty interesting but it would be easy to duplicate. Just mess with a MACD crossing some sort of stochastics.

Exactly.

Personally, I don't know what the solution is. This problem is far too big for an economic layman to solve but one thing is certain, the Federal Reserve needs to be abolished and personal income tax needs to be eliminated. The Feds primary purpose is stated as maintaining full employment...

Yes. We will all be burdened with debt but it does not have to happen this way. Simply stop taking on debt. Stop using credit cards and live within our means.

The first thing you have to realize is the monetary system is a house of cards. If you can't grasp that point then there is no point in continuing. Credit is created from credit, not savings -- that's a bubble. If you agree with that point then we can continue. The credit bubble burst...

Money Masters is next on my list. I just have to find 2 hours to watch it. I'm gonna lock the kids in the closet this weekend and have at it :D

What do we do? I'm not sure but I guess you could stop making your house payment. With the passage of the 700B bill the government will take over your mortgage and renegotiate a new loan. But, do you want the government as your lender? I don't think so. What the Fed is doing now with all...

You're an ostrich.

One of my trading buddies recommended that book a while back. I never picked it up because I was busier with other things but now that I have the time I'll read it. Thanks for the other suggestion. I'll look into that as well.

MandelbrotSet, I have to admit. It is only recently that I learned how the banking system really worked. I have an advanced education and I believed what I was taught in school. I was watching Ron Paul ask Bernanke a while back why debt wasn't based on actual savings and I wondered how debt...

I agree, this information has no value as far as investing and trading are concerned, which is why I posted it in the economics section of ET.

Thanks for posting that. It led me to this article, which I recommend reading: http://mises.org/story/3138

This is not a fractional reserve system. A FR system can only lend 900k on a $1M deposit. Our current system can lend 10M on a 1M deposit if banks are required to stay under a 10:1 leverage system. When the bank creates a loan it gives them GREATER lending power, not less. People think...

And, this system was created by the Federal Reserve Act of 1913. It took 16 short years for it to collapse and The Federal Reserve was blamed for making a bad situation worse when they tightened credit when the shit start hitting the fan. The Fed back then did exactly the right thing because...

Do you have 45 min's of spare time? If you do you really have to watch this video. It's a bit childish but it really explains how the banking system works and why the credit crisis is happening. I'll give you a brief synopsis. Some rich dude walks into a bank one day and opens a saving...

I see. And the massive drops in GOOG, RIMM, and AAPL mean nothing to you? You are one of two things and I'm not sure which - 1. either very stupid and naive, or 2. you are sitting behind your computer having a good laugh. If it is number 2 then good for you. If it is number 1 then I feel...