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Why? If the Fed engages in counterfeiting by creating "fiat currency" (i.e. money out of thin air) which reduces the purchasing power of individuals and creates perpetual debt, then who is responsible, if NOT for the Fed?

Complaint at paragraph 97, regarding charging up the company AMEX card, hilarious! "Faulkner used this card – which he referred to as his “whore card” – to charge more than $1 million solely for travel and expenses for various women, gentlemen’s clubs, nightclubs, and associated salacious...

Correction, the S&P full index (widely known as the "benchmark" for the U.S. stock market) didn't even begin its historical tracking until the 50's. "When considering all bear markets in history since 1957, the average decline has been 35%, spanning an average 14 months. The index has also...

Perhaps there were wide swings, and the Dow also only had 11 stocks in 1884, mostly railroads. The meeting at Jeckyll Island was in 1910. That's over 100 years of "historical charts" in the market. I think the S&P 500 index wasn't even tracked until the 20's. Check out the bull and bear...

The Fed has been responsible for the boom and bust cycles since its creation at Jekyll Island. What has changed? Nothing!

Agreed as well. I also used long options. In this case, the SPY 207 puts. The S&P was over 2,100, and buying there has been fool's gold. The market will always find a way to inflict pain on those who hold margin overnight. The risk/reward was skewed towards the downside move, so betting for...

34 point rally off the lows on ES, that's Globex for ya! Buyers scooped up the dip, for now. We'll see how it opens.

The overnight margin players are in for a rude awakening. There's still time for them to recover somewhat, as there's still another 7.5 hours before the cash open. Globex has funny ways of moving through the night. The next pivot on weekly is 1995, slightly below the "limit down" at 1999. My...

Agreed. The market will eventually have another REAL bear market correction, 20%+, maybe it starts now, or it trades back up through elections. Any investor buying S&P over 2,100 was buying fool's gold. We're in the EIGHTH yearly bar of a directional up move, with no significant bear market...

Never heard of the guy. Perhaps he has a track record, and he's made some good predictions. Saying that "sudden declines" will take place without giving at least a trajectory of the supposed percentage of decline is meaningless. If an investor has held significant gains and shifts to increase...

Although I don't agree $650 is a "steal" I DO agree that Uber Xchange makes it easy for those to get out of the lease lease given the return clause with 2 weeks notice. "Logic tells us if a better opportunity was available, they would take it." Logic says if they take the Uber Xchange lease...

Perhaps from an operating cost perspective, yes, it makes sense to keep them on sim and pay them on profits, knowing that most will "blow up" the accounts anyway. However, from an ethical perspective (and perhaps legal), it's something that would require disclosure. You can't tell a trader...

In earlier posts you claimed "$650 a month is a steal for these Uber drivers" and "the lease program is a good idea." Now you're saying it's for people in a "desperate situation" that "have to resolve to desperate measures." I agree that your latest post is more of an accurate assessment of...

You nailed it in your post. Notice that none of the five drivers mentioned they got a lease through Uber Xchange, which implies none of them are relying on Uber to make their $600 to $800 monthly payment which gets deducted in weekly increments from their Uber checks. The key phrases from your...

That view was totally baseless. If it was a risk deposit firm, such as Nevis, that was ousted by both DAStrader for placing traders in demo, and by the regulators in Nevis warning traders that the firm was never regulated, then yes, I can see it happening. But for Top Step? Not a chance, the...

"Morons" who don't read the FAQ's on a web site that are prominently displayed have no excuse to complain about being "totally shocked" regarding the rules. We discussed a similar topic on the "Karen The Supertrader" thread, where 007 (i.e. "Investor A") became the main investor to Karen's fund...

Another revealing comment by Emmett, regarding the "10 day rule." "Most people do not seem to realize that during the 10 days of having a funded trading account, if they have only $100 in trading profits….then on DAY 11, they have a funded trading account worth only $100. On day 11, all the...

The 79% number is similar to what the owner of Savius LLC posted on the Trade2Win site. The Savius owner had the sample of 100 traders, where 22% passed their "combine" and of those who passed, they were given a refund of the entrance fee (as per their rules at the time). So out of 100...

Yes, it's a big hit. Let's say he does the same 30k the second year. So that's 60k miles on a 2 year old car, so he'll get crushed on depreciation. If his sole purpose to buy it was to drive for Uber, then he has to factor in the $10k hit as a cost of his Uber business. If he uses the...

Given that Uber has shifted the financial risk to the BANKS (according to the article), I think they will sustain the model as long as there are drivers with limited credit looking for a way to generate any type of revenue stream that beats working at a fast food joint. Since the barrier to...