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If the Saudis shut in 2 million BOPD of their most "marginal" production, figure their direct production costs average well under $4 per barrel. Everything else is mere social economic distribution.

You probably would get a closer-to-reality answer if you calculate it as two successive 25% losses. 0.75 x 0.75 = 0.5625 for a ~ 44% loss. Remember it is a goal, with no guarantees that it perfectly tracks the underlying stock or indices.

I have long been critical of the de-industrialization of America as self destruction that reflects multiple errors in our political and economic system. However any solution that includes 90% of GM's senior managers and the UAW should be a nonstarter. My best guess is that the start of a...

Under the old rules in 2000-1, where I could roughly trade twice my account in a day, I went from an average security holding time of about 8 years (cashed out at NASDAQ ~2500) to swing and day trading, and doubled my IRA in a very down year, mostly in NYSE metal stocks e.g. NEM, PD. My...

Morbid curiosity. Do the frozen accounts concern more or less than $25,000 each? Is there any chance that Feds of one stripe or another are involved? What type of account is this - regular margin account, IRA, etc? How experienced are you in dealing with brokerages.