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I think the next time you trade, you have to make sure that you have sufficient money in the bank to live on for at least 6 months outside of your trading account. That will put less pressure on you to make money every day and be able to take losses without it affecting you too much mentally...

It is because you are trying to make fast money. There are no shortcuts. Eminis give you huge amounts of leverage, so you can win or lose a lot in a short amount of time with little money down. But leverage is a double edged sword. Going back to trading equities will feel like child's play...

You shouldn't kick a man when he's down like that. Everyone has their ups and downs.

The Fed will never go to high interest even with rampant inflation. The era of high interest rates to curb inflation is over. The Fed will just accept it, because although they talk tough on inflation, they are a bunch of pansies that could care less if the dollar doesn't even buy you a stick...

Volume is overrated. Price action is the key. If you look at just price action, you can usually tell how much volume there is. More volatility = more volume in most cases. less vol less volume. Decrease in volatility means people are getting complacent again. Longs might panic buy...

Ameritrade if you request the money market sweep gives you a trading account that keeps money in a money market account which I think gets around 4.3-4.4%. That seems to be about the standard for money market funds these days.

You have 2 brokers, one ok, on really bad, combining and screwing the customer basically. All so the discount brokers can line their pockets even more, give themselves more pricing power. I really think that anybody forced to adapt to the E-trade platform via merger from another brokerage...

Fed rate cut is the last great hope for the bulls. If it doesn't rally this market, nothing will.

First, Cramer said that Friday would be the biggest up day in history, and then rants about how the Fed is putting a floor on the market, and how you have to buy now that the market is bottoming just because of a Fed rate cut. Didn't we see that the Fed can't stop a market that wants to go...

Just goes to show you that there are too many dollars that need to find a home, the dollar is toast, when yields get this low, instead of settling for even lower yields, the foreigners will repatriate to other currencies. When that repatriation happens in earnest, you will see a dollar...

Not necessarily. USD could stay steady or go up after rate cuts, the Euro zone and Japan could just pump out a ton their own currency to counteract the effects, in effect global inflation would result, with the USD steady against foreign currencies. Only problem is you're gonna have to use...

Excellent post. I couldn't have put it any better. We won't let the bubble pop, its gonna get so huge and then pop when people realize how much inflation there is and their lives are much the worse for it (that is for savers, borrowers would love it of course).

The Fed controls the money supply, it will work if they want it to, and they want it to The Fed put is alive and well, and of course inflation is just 3%, just like the government tells us. No worries.

When I am talking about crash, I am talking about 1987 proportion moves, 20% market down days. That will not be allowed under the Fed, they won't let that happen, they will halt the market and announce that money will be available for everyone, you could collaterize the dump that you took that...

Hedge funds are the latest fad which will fade away like bell bottoms. 2% and 20% of profits, for some clone like overleveraged strategies. The fact that hedge funds are so popular show you how bad most mutual funds are. Just buy an index fund if you are going to buy a fund at all. Or...

The Fed will ride to the rescue, and dump hoards of cash everywhere. Welcome Weimer regime. The people at the Fed are such wu$$es that they see whiny crap mortgage lenders and investment banks and hedge funds losing money and bail them out. And are will to take their confetti backed...

Bernanke showing his true colors today. He tried to act like he was tough on inflation, he only talks tough. Behind the tough inflation fighting talk is Helicopter Ben. He's a Greenspan clone, easy money boys, come get your cash!!! The Fed's panicky move is not the answer for this...

I hope people here took note of my posts this morning, I was trying to help out longs who were waiting for a bounce. Selloffs occur much faster than bounces. Be careful of the new bear market.

I've seen much worse, 5 years ago, 2002 was a brutal bear market. 2002 bear makes this look like winnie the pooh.

Wow, 20%, what does that say about the value of the common....geez. Either the bonds are cheap or the common is dear. I don't think the common is cheap here.