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You've got 90+% of the US population subsidized by less than 10% of the tax payers so what motivation is there for the 90% to want change or fairness in the tax code? So instead we raise taxes on the top earners to raise revenue but then we turn around and spend even more than what we took in...

All I know is that spending needs to be cut and TAXES NEED TO BE RAISED ON EVERYONE! Problem is that all we have is a bunch of people pointing fingers at each other participating in class warfare. If you want a fair tax system then EVERYBODY should pay the same tax rate. The amusing part is...

Therein lies the problem. Only difference between Bush and Obama is that Bush wanted to borrow money to fund a war and Obama is borrowing money to fund social programs.......either way we're in debt and screwed.....pretty sad political state in this country.

Sorry I didnt' get a chance to get online yesterday afternoon to do any updates. We've had a nice bounce back up to 390 on RUT. I'm still holding my remaining 2 march put positions open waiting for a good opportunity to exit. If we can get a couple of days of consolidation around these levels...

Hell here's another one: buy 1000 shares AIG @ .42 = (1000*.42) = $420 Sell 10 Jan 2011 2.50 strike calls at .15 each = $150 Total cost = 420 - 150 = $270 Potential profit = ($2.50*1000)-270 = $2230 Yes I know AIG is probably going to 0 but if it somehow manages to survive or the...

I refrained from adjusting those positions right now because I didn't want to end up overtrading in an oversold market. I was waiting for the market bounce so I could gauge the market reaction and see if can spot a new trading range. Once I establish what I THINK is the new range then I can...

I disagree with that. Citi rallying sending out garbage news that they're profitable when the stock is at $5 a share is silly. But buying a 1000 shares at even todays closing price of $1.45 and selling 10 Jan 2011 calls at the 2.50 strike at 73 bucks per contract.....why wouldn't you do it...

Bingo! Why would you ever trust anybody with your money if they get millions of dollars if the stock price goes up and if they take dumb risks and lose your money then they get millions of dollars and early retirement. The only thing this crisis has showed is that people with nothing to lose...

I'm still about 50% confident that I can be profitable this cycle. Not sure if it'll be significant profit! Good thing is still have 9 trading days left and I just need a small bounce. Next thing to watch is thursday congress will discuss relaxing the Mark to Market rule which might get some...

We're still teetering at the 350 level. Its a pretty important level for me so I am watching it closely. I went ahead and opened a couple of positions today: bot jun 320/330 call/short 33 junQ iwm call @ cost of $153.51 bot jun 350/340 put @ cost of $492.36 As before, the 350/340 jun...

Well I sure called that wrong. We tested 350 BEFORE 390! :mad: The good thing is that even though I was thinking massive rally I at least took some precautions and did some adjustments to protect my downside. We're at a pretty key level here so the looooong overdue bounce would be nice...

Not much to do other than wait at this point. I did go ahead and open a may put position today. Next few days should be key because I am still expecting a move to around 390 before taking a shot at breaking 350. I added: bot may 400/390 put/short 39 iwm put @ cost of $188.06

The blood letting continues as RUT closed just below my downside target of 370-375 today. My assumption was that we would see at least a short term reversal at S&P 700 led mostly by bears taking profit. We hit that level today so the probability favors a relief rally back up to retest that...

Is there a website out there where I can sell a put at $15K for a brand new car? :D I don't want to deal with ebay, so does stuff like autotrader or cars.com allow you to put a bid up of lets say 15K for a certain car. And then dealers all over the US can see if they can match that price...

I hadn't checked older models yet. I was limiting my search to new cars ( I know new cars are a bad investment but I had a really bad lemon back in the day!). But I think I may go ahead and start looking at older models like you suggested. I just haven't had that "Damn I wish I had a car"...

I've had the same experience also. Somebody slammed into my car and the insurance company considered it total and paid me cash for it. I've been looking to buy a new car since then and the prices aren't even remotely reasonable. I"ve been sitting and waiting since last July for reasonable...

Kind of an odd day today. The morning opened with the S&P getting crushed but the RUT barely put in a low of 386 which was barely a 5 pt move down. So far the RUT is outperforming the S&P which is a concern. S&P has closed below the Nov intraday lows but the RUT is still way above the...

Ooops there I go with my kindergarten level math again. On 90K invested he'd have 900 in the bank and not 1000 :) Actually it would be slightly less than 900 because he'd have to be paying a monthly minimum to the CC company from this account. Either way you get to pocket $800 - $900 for...

Sorry man I know you're trying to help but asumming I have a 0% rate and put the money into an investment. 3 months later the CC says yeah we're jacking you up to 50% interest (even though nobody has come forward with a pro-rate being jacked up but for this discussion sake I'll give you this)...

But I would imagine that if one of your CC decides that they are flagging you for too high of credit utilization then they will send you a notice that they are closing your account and you have an x amount of days to payoff the remaining balance. I've never heard of a company that puts a...