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If this shit passes, anyone who doesn't drop all their savings into precious metals, and take delivery, will get exactly what they deserve.

Hey I've got a better idea - let's just take over ever bad asset and losing investment of every entity in the US. Then let's dump 10 trillion or so into a fund for everyone who wants a loan to stimulate the economy. Hell, let's make it 50 trillion - boy sounds great we'll all be rich. I love...

We're still here, we just aren't evil when the market is falling. Don't worry, in a year or two we'll be evil again. In fact, let congress push through a $700 billion liquidity injection / bank bailout and my guess is we will be really evil.

Well it is sad that people lose their jobs - but those guys would be the first to say "that's the market at work". Maybe now they can move onto careers actually producing something rather than parasitizing the system using inflated funny money. And for all the brilliant "economists" who...

I wonder where the plunge protection team was today? Paulson, Bernanke.... hello... why the sudden change of policy? Well we may still get stuck with this pig in the end, but at least for one brief moment I was proud that the government actually did what they were supposed to. Don't...

Why give the guy a hard time for half way believing this story. I've been trading 20 years and half way believed it myself. Is it so hard to imagine a bill being proposed to do this? For crap sake, they just outlawed short selling by executive decree. I'd give it 5 to 1 odds that within 20 years...

interesting topic, here are a few thoughts - first most "traders" are really just losing gamblers. I think women are generally much more cautious and therefore never start in the field. Also as mentioned by others, they are less likely to be exposed to trading in the first place. Still, you'd...

I can't remember who had that quote, "98% of the progress of humanity is made by 2% of the population." I think the same can be said of trading, 98% of the money is made by 2% of the truly skilled traders. It takes a lot of folks losing 10K to give one guy 100 million profit. But not to worry...

There was a good long thread on this topic a few months ago. I guess a lot of people give up after realizing it is pointless to argue against conventional "wisdom". I'm not saying you can't make money as a smart stock speculator. Just consider though, if it wasn't ultimately a scam on the...

If I was making 100k per day, Century City wouldn't be my first choice of residence. Seriously though, Kalikahuna are you from LA? Have you perhaps noticed that just a few of the people here are occasionally a wee bit bombastic and have a flair for hyperbole?

This topic must have been covered 100 times in the last few months. Is it really so difficult to understand that futures traders do not take delivery and therefore have no impact on the supply/demand fundamentals of oil. By the way, if you believe that speculators have a psychological effect on...

Amen to that.

A lot will disagree, but I think the key to stress free trading is to have a detached attitude towards money and realize it is all just a fascinating, fun, intellectual game. Don't trade with more than you are ultimately OK with losing. I seem to remember a survey in Trader Magazine that...

I'm not an expert on this but... If you are a US citizen, then when you set up the offshore account or corporation you are perhaps still going to have to provide your American passport and tax ID. (you won't have British ID will you?) Therefore, I don't see any advantage in doing this from the...

Thank you Detective, That is the most original, useful, and concise statement I've hear on the oil market all year. Lucky for us, few people will hear you and the talking heads will keep on guessing.

As an average American I'm glad to add my wisdom to this debate, first we need this here price to come down. I can't afford to fill up the Escalade and my wife's ass doesn't fit too well in a small car like our jeep. The politicians damn well need to do something about all the...

Great topic. With all the typical political/media blame on speculators it isn't surprising that even traders get caught up in the lie. As mentioned, you can't drive up the price without actually taking delivery. You can check the EIA storage numbers and see that there is no spike in oil...

If you really want to talk about the fundamentals of the oil market, a thread on ET is probably not the correct forum. Anyway it is a long process, IMO, to understand the fundamentals of this extremely complex market. Even if someone on ET was an expert, why would they give away 1000s of hours...

OK, first, oil and many commodities are in backwardation - any of you "traders" blaming speculation realize that??? second, the govt and Fed will always blame speculators for price run ups rather than inflation - and certainly no one is going to mention peak oil. lastly, if you think the...

I'm hoping this is sarcasm... If not then can you please get me some recent M3 data?