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As President Ron Paul could: 1. Order all the troops home. 2. Repeal every idiot executive order that was issued by his predecessors. 3. Veto every unbalanced budget and every unconstitutional law passed by congress. (In other words, every single law they pass). Four years with...

Good grief. Clinton had the good fortune to be in office during the tech boom so unemployment was low and capital gains tax revenues were high. Hence the surplus. Clinton was no more the cause of the tech boom than were my sister's cats.

You utterly fail to explain how a congressman with exactly one vote (and who is generally ignored by his party) could stop the bailout dead in its tracks. He is not the President (unfortunately) and can't veto legislation.

Where did I make that argument?

There are any number of ways a Goldman Sachs employee can get rich. So if Abby Cohen is rich she certainly didn't get that way on the basis of her accuracy in calling market moves (at least not the calls she made available to the public). Cohen was right only when the market happened to be...

Not only do I see no evidence that the stimulus bill "saved the economy", I see no evidence that the economy has in fact been saved. The problems were caused by people spending more than they could afford to spend. The politicians think we can solve the problem by having the government spend...

That so many Republicans think that Sarah Palin is some sort of great standard bearer for their party shows just how stupid and suicidal the GOP is. The only decent Republican candidate in the presidential election was Ron Paul, and the party leadership hates him, because he tells the truth...

I'll believe gold is in a bubble when I personally know somebody besides my self who owns the physical metal.

Well, Zimbabwe proved that if a central bank is really determined to do so, it can defeat deflation.

Legging in requires that you be able to judge the short term price movement, and if you're good at that, you should be day trading the underlying.

Well, the point is that if the buy-write has favorable tax implications over the naked puts he should have gone all in for the buy-write. Mixing a buy-write with an equivalent sale of puts is just weird. It's like he can't make up his mind.

That depends. If he put at least 20% down, got a no gimmicks fixed rate mortgage, had carefully worked out his budget and determined that he could afford the payments, but later lost his job and couldn't get another one, then I feel sympathy for the guy. If he put 5% down, got a gimmicky...

If you bought tech stocks at the end of 1999, you would *still* have lost your shirt. I guess that means you should never buy tech stocks. Right now my government is carrying out a very interesting experiment -- for how long can we fund fully half of all federal expenditures by issuing new...

Well most of the time if you think a stock is likely to go down your best bet is simply to sell it. But there are special situations where hedging with options makes sense. Here's an example: I bought shares of Facet Biotech at about 8.10 because it was underpriced. Later Biogen apparently...

Somewhere there will be a country with enough sense not to impose this tax. All the trading will move there.

The tax would be on all trades. Effectively it increases your commission by a factor of 10 or more. The government already taxes the profitable trades.

You are right. Not a single stock, futures, option, or forex trader was responsible for causing the current economic mess, while plenty of congressmen played a big role in bringing it about by passing laws requiring banks to give mortgages to people who couldn't afford them and by forcing...

"The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year. " That is a very interesting...

Raises hand... I can do that! :D

The dollar is useless (except for burning it for heat) so technically the dollar is a bubble at almost any price.