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  1. J

    Damn We Are Going To Break 13,000 In The Dow Tomorrow!!!

    Well, you have to admit it looks a little serious if the major averages fail to hold above their 200 day MA's and we get more debt implosions.
  2. J

    Interesting Note on Why Hillary May Win..

    That was decades ago. Rupert Murdoch runs the biggest media empire in the U.S. and he's a conservative. Hillary and Obama can both win. It will be close, something like 49-47. Elections are not decided by the party faithful; it's the independents and the casual swing voters who usually tip...
  3. J

    Best Thing for U.S. Economy: Raise Taxes

    heh... I like money. I also deal with facts first, simplistic theories second. I also accept facts even if I don't understand why they are true. It is an indisputable fact that during the Clinton years incomes, jobs, the strength of the dollar, the price of gasoline and the overall economy...
  4. J

    Best Thing for U.S. Economy: Raise Taxes

    Taxes in the U.S. are too low -- especially taxes on corporations and those who make more than $1 mil per year in income. This is proven by the fact that during 2006 when GDP grew a healthy 3.4%, Washington ran a deficit of $248 billion -- and that doesn't include the cost of the Iraq war, which...
  5. J

    Is trading Gambling or not .."What say You" Vote here.

    Wow... 66% say trading is not gambling? 2/3rds of ET'ers are in denial ;-) Let's review the definitions: gambling is a bet on an uncertain outcome that has a negative statistical expectancy, while investing is a bet of an uncertain outcome that has a positive expectancy derived from asset...
  6. J

    When will Ford go bankrupt?

    Ford and GM won't disappear. Congress will step in and take over the health and pension plans, which will keep both the corporations and the unions afloat.
  7. J

    Am I wasting time learning Visual Basic?

    mBay: I've done some programming, and here's my take: * for learning purposes, choice of language is not important as long as it is object-oriented. The most important concepts to learn are creating and destroying classes and objects, and how to pass data to and from objects. * VB vs...
  8. J

    VIX down, markets up

    One of the most commonly repeated myths is that VIX measures fear. That is false. VIX measures how much premium investors are willing to pay when buying options. From that, "implied volatility" is computed. Over the last several years, VIX moves opposite the market -- VIX up, market down...
  9. J

    Chabah on Automated Trading

    I think you're on the right track, Chabah. I like the rigor in your thinking, that will help your trading results. And since your thought process is rigorous and logical, I assume you've already discarded at least half of the comments posted here :-) Random Thoughts 1. An "Edge." You don't...
  10. J

    Oil Mini-Glut Is Coming: Short Oil Stocks

    T-Boone needs to recalibrate his model. EIA forecasts world oil production in '07 to be 87.6 mb/d, with a net surplus of about 0.4 mbd exceeding world demand. I believe EIA's demand estimate is too high; a slowing US economy will trigger softness in other national economies, taking the edge off...
  11. J

    Oil Mini-Glut Is Coming: Short Oil Stocks

    2007 will be the year of the oil mini-glut. World oil demand is forecasted to increase by 1.3 mil bbls/day from '06 to '07, while production from the former Soviet states will increase by 2.9 mil bbs/day -- not to mention increased production in North America from the recent drilling and...
  12. J

    the imposition of tariffs and quotas on Chinese goods. Good or bad?

    Actually tariffs were instrumental in the growth of the early United States. In the late 1700's tariffs were imposed to fund the government (there was no income tax then) and to protect nascent American textile makers from cheaper British goods. It worked well -- domestic business flourished...
  13. J

    the imposition of tariffs and quotas on Chinese goods. Good or bad?

    Yes, I believe the U.S. should impose tariffs on Chinese goods until China not only allows the renminbi to float but also imposes and enforces labor and environmental laws that are equivalent to U.S. laws. The U.S. needs to send a message that the days of unfair trading advantage enjoyed by...
  14. J

    Fastest DOS System

    For best results, match your operating system to the compiler. 16-bit programs run best under 16-bit DOS. 32-bit programs run best under 32-bit Windows. If you run 16-bit programs in a console window under 32 or 64-bit windows it will be slow. The extra emulation and overhead will outweigh...
  15. J

    Minimum Wage ... Unbelivable?

    Supply-siders argue this all the time: if you lower the tax rates and you lower the burden on business, employment will go up. The only thing the supply-siders have accomplished in the last 6 years has been high corporate profits at the expense of huge federal deficits, a wealth transfer from...
  16. J

    Minimum Wage ... Unbelivable?

    Sounds good in theory but in the real world the facts do not bear this out. There is actually very little correlation between high or low minimum wages and unemployment. Many states have high minimum wages and low unemployment. For example, USA Min wage=$5.15 Unemp=4.6% Vermont Min...
  17. J

    DOUBLE inverse ETFs

    $COSTAverageMAN -- your position in QID is quite large. Is it your intention or have you thought about arbitraging the NAV vs. market price? July 27 close UltraShort QQQ QID NAV $75.26 Market $75.40 Theoretically one could purchase creation units at $75.26 and then sell at market...
  18. J

    The Decider - and the US economy.

    LOL, what a joke! Trickle down supply side economics is a failure and continues to be a failure. To say, gee, the budget deficit is only -$300 bil instead of -$400 bil is like saying it's safe to build houses out of straw because only three-quarters of the roof caught fire this time...
  19. J

    Guy drives his car for 870K miles

    That is exactly what I believe -- GM, Ford and Chrysler are not capable of doing a great job anymore. They are bloated mismanaged bureaucracies that screw up the good work that U.S. labor is capable of. The American worker is capable of making a great car. Toyota, Honda and now Hyundai are...
  20. J

    Guy drives his car for 870K miles

    Many Ford Rangers are re-badged Mazda B-series :-)
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