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Finally, a "pro" whose money management is vastly worse than mine.

Nearly all of our congressmen have been purchased by AIPAC so Netanyahu knows he can do whatever he bloody well wants.

That's certainly true in my case. I figured that all the bad news about BSX was out so I took a big long position. Then today even *more* bad news came out and I got crushed. On days like these I feel even stupider than a congressman.

Well I sure hope 1170 is the top. I have a bear call spread expiring next week that says the S&P 500 won't be above 1175.

I already tried a couple of small scale shorts on the airlines and stopped out both times. This of course is the $64 million question -- when has an asset stopped going up in price (or stopped going down)? If I could answer that one reliably I'd be retired now. I agree that CAL and UAUA are...

Well, the board is half right. They should not have removed Thomas Jefferson, primary author of the Declaration of Independence, from the curriculum. Nor should they have removed the requirement to learn the 1st Amendment. But sex and gender are biological realities, not "social constructs"...

I am well aware neocon Bush and senile neocon McCain are on the same side of this issue as Obama and Pelosi. Which is why middle class America gets fucked no matter who wins. I will add, however, that the last amnesty did not go through only because there was a majority of Republicans in...

What the Democrats probably will accomplish is amnesty for 20 million people who are breaking our immigration laws. Having put the world on notice that America never really enforces its immigration laws we will get another 30 million illegal immigrants after that. This will give corporate...

Why does anybody think that the fool who happens to live in the White House has anything to do with whether the markets go up or down? After crashing so hard at the end of 2008 the markets were bound to pop up no matter who got elected. What is a certainty is that Obama is getting our...

This sounds like a smart strategy -- rather than incur the expense and bureaucracy of nationalized health care, just head north of the border when you get sick. Hey, Mexicans do it all of the time!

I was talking about bull put spreads in general. I agree that they're a lousy bet for a biotech stock just before a Phase III result or an FDA announcement, because either the stock tanks and you take your maximum loss on the spread or the stock shoots up and you get a tiny gain. The tricky...

None of those facts blew my mind because very few of them were in any way surprising. Many of the facts are simple consequences of China's huge population -- four times that of the United States. That a higher fraction of Chinese than Americans believe in evolution is because China doesn't...

BTW, gold is stubbornly staying above $1100 / oz. It's been over a month since this thread was started and gold looks like it's in no great hurry to crash to the ground. To bad, I was looking for a buying opportunity in the 900s.

Because it would prove that we can get something for nothing. The government can finance itself by just printing trillions of dollars with no negative consequences. That would be amazing.

Sure, like I suspect most people in the options trading section I've sold bull put spreads. Sometimes they succeed, sometimes they don't. I always stop out before they get to their worst case loss. The same, of course, applies to selling bear call spreads. Every option strategy you can...

What is nonsense is to think you can do that day after day without blowing up. In hindsight each of us can find a trade every day that had we made it the day before we would have doubled our money. Doing that consistently in foresight ain't gonna happen.

Well, I have a problem with it. Frankly, I think the Commander in Chief should fly coach on a commercial airline. Let's see HIM go through a full body scanner where some goon can see you naked.

And Australians are now slaves to their government overlords.

You have 7 naked short calls so I assume the margin for naked calls applies to them.

I hate big steps in option chains. You can't create decent spreads.