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Put two things on a seesaw, on one side you have BSC getting sold for $2 per share which is one tenth what some had expected, and on the other a seemingly desperate quarter point cut by the fed in the discount rate. Which one wins? What, pray tell, would the market have done Friday if the $2...

Not sure what the problem is in understanding this, but I will give it a try. The NQ futures (not a stock or an etf, it is a futures contract) are based on the NDX cash index (just like the ES futures are based on the SPX), and you can see the components of the NDX and their effect today at...

Halted, news pending. "Sources say rights offering being put in place; the offering will be worth around $2.5B and keep the company together.

What will this market do when it doesn't have news on monoline insurers to feed upon? ABK->halted

You are correct that keeping a public journal will have a positive psychological impact on keeping with your discipline. It is unfortunate that typing is becoming a problem but there are several items you can try to ergonomically adjust. Have you tried different chairs, different seating...

Seriously. I lost patience with the constant stream of silly option questions asked over and over again by traders unwilling to read a book or use the search function. Your level of patience is commendable MTE. Switze, never sell an option for .05, after commissions it is just not worth it.

This monoline insurer news release thing is getting ridiculous. It's like they have 10 headlines all ready and have decided to just release one per day. Hey JSSPMK, how do you see the 60 min chart now? We got a little drop off the triple divergence, but do we now have a quadruple divergence...

The market currently feels that the Fed has abandoned the fight on inflation and will continue to lower interest rates while most of the world will not be joining them, thus the US dollar is worth less. The ES has gone up because of the apparent elimination of the fear the monoline insurers...

What bear market? At worst we were down 16.85% on a closing basis from the high on the SPX. Now that everything has been fixed, who wants to buy my house for what it was worth at the high two years ago?

"Year over year, the PPI is up 7.4%. This is the fastest pace since 1981. Over the same time period, the core PPI is up 2.3%" "U.S. foreclosures rose 8% in January compared to December and nearly 57% from January 2007" "Swiss banking giant UBS is likely to face a frosty reception from...

I don't disagree with that at all. That fact along with others leads me to believe they will be continued to be correlated for a little while.

JSSPMK, I am not someone who bases current investment decisions on what happened 20 years ago. If you look at the past 12 months they are very well correlated, and I expect them to stay that way for at least the next several months.

I just figured if we all ignored him he would eventually go away. JSSPMK, Didn't you say you have a negative outlook on the ES on longer term charts? Since the ES and USD/JPY have been basically trading in directional unanimity, it would seem that you have diametrically opposed views...

116? Anything is possible, but that is rather unlikely. The last time it traded 116 was 10/17/07 and the ES was 1563. I think 1563 is rather unlikely as well.

Well let's think real hard. Could it be that you guys have allowed this thread to degenerate because of one idiot? Look at the posts. The majority are now the idiot, his one idiot supporter, someone replying to the idiot, or someone making fun of the idiot. I think 7 of the last 12 posts fit...

Although Youth's suggestion sounds callous it may very well happen, and that is why carefully written contracts are essential. I have dealt with situations like this in the past. You cannot have a successful fund without finding capital and making those investors happy, as well as achieving...

Europe: FTSE +2.75%, DAX +1.98%, CAC +1.89% Media is ascribing it to Qatar's bank investment and Northern Rock's bailout.

To take the opposite end of the spectrum: I can't comment on the "nothing fancy" requirement, but if you have an HD television, or are going to get one you should definitely go with an HD video camera. I have a Sony (they have hard drive HD ones now) and when I plug the camera into the Plasma...

I know you are a technical trader, but the fundamentals support your position. UK interest rates were just lowered by .25 but they are still at 5.25% while the EU is at 4% and the US is now 3%. Trichet may be able to keep the EU rates high for awhile but the signs are pointing to not only an...

No problem whatsoever. Good luck to you.