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Hopefully he is a one-term Chariman - Markets have no confidence in him whatsoever. I say we nominate StockTrad3r for the Chairman post. Everyone agree?!

Wait a little while ans see how the markets digest all of this. Since we are pretty oversold, you would think the Dow would be up 500 points on news like this, but it's not. What is that telling you?

LOL!! I just got a visual of Britney Spears in a margin call along with her other woes!

Unbelievable - You people are completely delusional if you think the FED is going to do a surprise rate cut. Think of the world-wide ramifications of that type of action. Best of luck with that!

I'm on it now, and the whole thing is squirrely - I am having problems getting option and index prices, but regular stock quotes from SMART seem to have no problems. Also, my account info seems to come and go at will. I was having same problems yesterday.

Crack spreads will probably widen.

Are you the king of all neckline breaks or something?

They will screw something up eventually.

Ask them to do a trade inquiry and perhaps talk to a lawyer - if they will not do a trade inquiry, ask them how to escalate the situation to the executive level. Also, start looking for a new broker - that is BS man! I bet XpressTrade would have never done this to a client.

They're always on damn holiday over there in Japan. Also, they get a nice loooong ciesta in their markets during lunch. And they have the GAUL to call Americans LAZY?!

Welcome to the new America! No wonder everyone is afraid of the Chinese.

This is a serious question, so don't think I am being smart. How do you manage your wife as a full-time trader? My wife looks upon trading as gambling, and as you can imagine, this leads to alot of tension in our relationship which I believe hinders my trading. How do you approach "wife...

IWM and ER2 are going to both deviate from the RUT in different ways, at different times. ER2 has a time premium, as well. So, your adjustment points may be different on the ER2 versus the IWM. Also, IWM has ALOT higher liquidity, so probably narrower spreads. Oh yes, and commissions are...

Heck, even old J.L. regretted not pulling some gains off the hook and placing them aside. Probably why he eventually did himself in.

Let's skip the Jesus crap and get back to trading.

McMillan on Options

I have kept my eye on LVLT all year due to his "top pick of 2007". I just couldn;t believe the guy vehemently stood behind one of the biggest piece of crap stocks listed in the US. It will be interesting to see how/if he reflects on his top picks for 2007 - they sucked! I watched this...

In his defense, he did use good position size management for such a risky trade: "....now that I'm long (bought 200 shares at $10.10), I'll gladly add to it." I think Tim can probably handle a $300 drawdown, don't you?

I like having no bills and no debt because I feel I have more flexibility. With that said, i am paying down my mortgage and should be finished in 2010. At that time, I will completely retire from the real world and trade my plan full time. I say pay off the house, assuming you aren't...

How about TOOL - that should be an easy one for you.