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And war with Iran. He pushed through sanctions designed to cripple Iran's economy. That is an act of war. The clear intent is to push Iran to the wall so that they feel compelled to retaliate against the U.S. somehow, probably through an act of terrorism or perhaps by sinking a U.S. ship in...

I agree. The worst thing Reagan did was make debt respectable to conservatives, so that 20 years later Dick Cheney would say, "Reagan proved debt doesn't matter". The 400 billion dollar deficits of the Bush administration were then used by the Democrats to justify their 1.4 trillion dollar...

+2, Insightful

Ha ha! NOW I understand why the market behaves the way it does!

Markets generally react to news faster than you can enter a trade. If anything, with all those hair trigger bots out there, markets tend to overreact to the news in the first hour or two. So you might try playing the inevitable bounce/pull back after the reaction to the news.

I won't make a long bet on housing stocks until the house across the street from me is sold. It was foreclosed two years ago and has been empty ever since. With the huge overhang in housing you have to be a much bigger optimist than me to make that XHB play.

This shows that the Democrats are higher priced whores than the Republicans. After all, I'm sure George Soros spent more than $2.5 million buying the Democratic Party.

The highest strike calls are the ones that are most likely to go to 0 if the underlying goes up but not enough or fast enough. You will lose your entire investment not just if the underlying collapses, but also if it only goes up a little bit. An ITM call costs the most but will most likely...

Another vote for go.

That's amazing. There are reputable internet dealers who will sell you gold at retail quantities (1 oz bars or coins) with a 3% bid/ask spread. The price includes shipping by registered, insured mail. You get your booty within a couple of weeks (registered mail is slow), not a year. A good...

If I was the father I would demand a paternity test.

Golly, the gamble payed off for those that played it (not me), thanks to the stock market tanking today. The puts were bought Tuesday for 0.25 - 0.40 and in the last trading hour on expiration Friday sold for 0.50 - 0.70. At the Thursday close they were worth 0.07. Not a trade for people...

Yes, I'm sure about that. Sure, I can lose a lot of money if the stock goes down. But I lose that money if I didn't sell the covered calls and the issue here is whether options are inherently sucker bets, not whether stocks are.

It's strange to say that options a sucker's bet without even specifying which types of trades are sucker's bets. If I sell a covered call on stocks I own the worse that happens is that I lose some upside when the stock goes up and gets called away. I made 45% with a 6 month option trade on...

Some option traders can make 5% a month, but not with any "set and forget" strategies -- they watch their positions like a hawk, and are quick to get out or adjust the positions as necessary. And the strategies are certainly not low risk. You simply will not get a compounded annual return of...

A certain option newsletter just recommended buying July 35 SSO puts. That newsletter has been wrong about 75% of the time in the past year. So take this trade at your peril.

When the 100 people out of work are all government employees I guarantee that this saves the town more in salaries and benefits than it loses in tax revenue.

The shop owner was white so I'm sure MSNBC will waste no time in calling him a racist. Obama, who for twenty years attended a black nationalist church is of course not a racist. The mass media certainly keeps us entertained, if not informed.

When I was a child you couldn't find an illegal immigrant within 50 miles. But every lawn got mowed. People who didn't want to do it themselves hired a local teenager. The few landscaping companies hired actual citizens.

Did Krugman forsee the mortgage crisis? Or the quadrupling in the price of gold? If not, I'd say he did worse than the doom and gloom conservatives. I agree with him that increasing economic inequality is a problem, but in the U.S. a significant cause of the increase in such inequality over...