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    U.S. Considers Expanding TALF to Include Distressed Assets

    CPI already ticking up. Watch the CPI in May and June after the TALF has a couple months to work. Inflation is going to be above 10% annually by the end of the year.
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    Quantitative Easing

    Obviously quantitative easing only works for short run growth. It did not set Japan on a stable long term growth path, look at Japan's economy now. It seems that no matter what name is put on printing money, the outcome is always the same. A bubble economy that bursts into flames. Except...
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    VIDEO - What Happened to Bear Stearns

    There's more to it than just a group of short sellers. What about the uptick rule being repealed in 2007, and mark to market accounting being implemented in 2007. It seems to me, there was a plan for this meltdown. These 2 rules were changed at the top of a huge bubble.
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    We Finally Scared China

    This is old news.
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    PDT and Account Freezing Issues

    Which broker allows you to do this? Do you have experience? I know a couple that won't. Tradestation, Schwab.
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    Turbotax Dies at 3000 trades, Any Other Software?

    Put one of those plastic binder clips on it, put it in a big envelope and mail it. Truthfully, the IRS takes these tax returns from traders and just dumps them in the trash. They don't really audit 300 pages unless you are blatantly lying. They're not going to rip through a huge schedule d...
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    Turbotax Dies at 3000 trades, Any Other Software?

    You put the total cost basis, and sales price for the year that outputs from the tradelog schedule D. So, for example in turbotax schedule d: A)brokerage name B) Date aquired: Various C) Date sold: 12/31/08 D) Sales price 300,000 E) Cost Basis: 250,000 F) Gain/Loss: 50,000.
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    PDT and Account Freezing Issues

    If you open an account at a different brokerage, then you can trade again. If you open another account at the same brokerage, it's considered the same account. So, say you have 2 accounts at one brokerage. You do 3 day trades in one account, then 3 day trades in the other account, you will still...
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    ES & Taxes - Losses deductable?

    Mark to market includes commissions. The commission is part of the basis. So, your year end form from your futures broker which shows, in your case a loss, includes transaction fees. The issue is, you can only deduct 3000 of capital losses per year, unless your trading is ordinary income, but...
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    How to hold a winning trade?

    Easiest way is to take half off at a certain target, then let the rest run or stop out at break even. This takes away the remorse if the position returns to the entry price. You get at least some payoff for the effort, then it's easy to let the rest run.
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    What happened today....

    Short term overbought.
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    Turbotax Dies at 3000 trades, Any Other Software?

    I do exactly the same as Vikana.
  13. R

    AIG $165M outrage a diversion?

    The problem is that our grandchildren won't be paying for it, we will when we're older and inflation is at 20% annually. Any cash we have saved up will be destroyed by this crisis.
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    AIG $165M outrage a diversion?

    The OP has it exactly correct. The bonuses are a raindrop in the ocean compared to the trillions that Aig will eventually cost. Aig was the counterparty on large amounts of CDS contracts for most mortgages in the past 5 years. Aig is the sword hanging over the financial system. If the public...
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    Whit House: "Economy is sound"

    The sky was falling before the 1.3 trillion in spending was passed. Now that they got it passed, they can stop using scare tactics. Smoke and mirrors.
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    Economy Is In Freefall, Rantings of People Like John Stossel Aside - Proof In Data

    The past two years have been the buildup phase of the recession. Now, we're just entering into the release phase. This is when the true fallout begins. People that have been stretching themselves with credit hoping things will turn around are now out of ammo. The next phase of this recession...
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    China's Wen Is `Worried' at Safety of U.S. Treasuries, Asks for Assurances

    This is just jawboning. China wants something from the US and they are using this threat to get it.
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    Uptick rule may return, Rep. Barney Frank says....

    The fudgepacker finally gets something right. He took the cock out of his mouth long enough to say something useful.
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    China Feb Trade Surplus $4.8B vs $28.3B estimates

    They will print Yuan to buy treasuries, which will also help to weaken the Yuan.
  20. R

    This crisis proved that Business Schools and Finance Universities are worthless?

    This crisis hasn't proven anything relevant to this post. This crisis has revealed that the major world banks have been insolvent since the mid 80's, but have been propped up by ponzi finance. Then, inflation got out of control and the world central banks thought they could reign it in without...
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