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Russian ruble still looks vulnerable vs Usd

You can look at countries the same way.

If you were trading oil stocks right now, looking for something to buy, I'd think you'd want to buy something that has the best chance of survival in its field. And a short would be something that has a good chance of bankruptcy

Debt--it depends where we are in the market cycle. A pickup in demand can save a debt laden company at the last minute. Those can be more spectacular plays on the upside. But they are the quickest and hardest hit going into a recession. Like they say--when the tide goes out you can see who's...

DDR, you helped me remember. My mentor was a great athlete and used many sports analogies to explain trading. Vince Lombardi could talk about one play for hours. It was the off-tackle play. One play and its variations. I noticed after awhile I was doing the same thing with flags, those that...

Reflexivity.

You can hear it right away when you miss. Once in awhile is normal, but if they are missing a lot, they're probably going too fast.

When air powered nail guns became widely available, carpenters began to use them because they increased productivity by a large amount. Nonetheless, the old timers thought it was cheating. They would say that the new guys weren't real craftsmen.

Basically agree. It seems there is a certain class of people who do not like to think for themselves, or can't. The market strategists at the houses fulfill that need well. It also gives people the illusion of control-- that someone is on top of the situation, monitoring for signs of change. The...

Does anybody remember when they arrested the kid about ten or fifteen years ago for doing a pump and dump on the internet? He had his teachers invested and everything. He was like"_I'm not doing anything the brokerage firms don't do"

My mentor, who was himself f'd good at least once, said that people lose because they want to lose. Try reading The Tao Jones Averages. It's about his work. The guy who wrote it stole as many clients as he could before he went out on his own. OK finally got that off my chest. Thanks

I'm speculating here, but the difference between stocks and oil is that one is in a long uptrend, the other in a downtrend. You can't pick a bottom in a market that keeps breaking down and expect to get away with it. No matter what the indicators say. There's no support in a bear market.

Oh I forgot taxes.

As long as the working man and woman can pay their mortgage, car loan, credit card debt, student loans, medical insurance, then there's nothing to worry about, man. Just enjoy the ride. A little Home Depot and some Wells Fargo will do you Good.

Or when the ET guys who have been trying to pick a bottom finally get on board and start shorting.

Yes it's obvious. The dollar ran out of buyers willing to push it higher.

All the information in the world will not help you reverse a trend.

It's not completely political. I suggest a little Taleb. Fooled by Randomness would be a good place to start. Mind you, I don't necessarily agree with him.

Yes. The thing is, I do get something out of what almost everyone posts. But its the unintended message behind, usually. I learn a lot about people's psychology.

Yes, it does. Next up, The world is running out of water! Story at 11.