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I love Arthur Cashin. Yesterday, he quite wisely said that the rally off the lows had no power, and with that he meant accelerating volume. My point in my original post was, that huge upside volume comes from FEAR as well, a fear of missing a bottom that only comes around every five or...

I have traded for 18 years, almost 11 years for a living. Most old timers like Arthur Cashin are looking for classic capitulation. Personally, I think we are seeing capitulation. It is the dribble capitulation not seen so often, of hedge funds looking to redeem by the first of the...

About the only thing I use currency for is tipping. For gasoline, groceries, retail purchases, and restaurants, I use the convenience of plastic. One poster mentioned the suspension of banking for a week. I am not sure what the effects would be if banking were suspended. The second...

There have been LOTS of runs on banks, brokers, and money markets. They have been silent runs. I forget if it was Wachovia or WAMU but in their last week over 16 billion walked out the door. Banks and financial institutions have NO choice. It is your money and they have to GIVE it to you...

For the most part the market gapped down 300 Dow points on the open. It never really worked on taking those points back. The points it did take back had a lot to do with weariness on what might be some further type of Gubmint intervention. There is money in BUNKERS on the sidelines...

The guy is going to be CBH of USSA. That is Chief Bag Holder of the United Socialist States of America.

ET is getting like a Chevy Chase movie. The kids are in the family truckster, and they keep pestering everyone with the question, "Are we there yet?" I guess we have been on the road looking for a bottom for about a year now ever since the Dow hit 14k, but the short answer is, no kids we...

It depends. Those boys and girls at the PPT have been putting in a lot of time. They may not have the talking points ready for tonight.

Before I start to analyze the markets in the Great Depression, I want to analyze the difference in the two economies. In my view, one has to get some kind of handle on how far down our economy will go. I guess one argument is that it was public employment projects that got us out of the...

The "yes" votes are going to be screwing themselves into the ground, trying to spin how they "saved" the economy.

Robert Blake taught us all the importance of holding cash outside the system of paper trails. Sometimes problems come up. It becomes very very expensive and time consuming using lawyers and when all is done the problem may not be taken care of. Sometimes, the best solution is seek a...

Mort Zuckerman is a billionaire. He is now on CNBC. He is not supporting the bailout. He disclosed on last week's Mc Lauglin's Report that he had peen paring down his portfolio for over a year and into cash. Wilbur Ross was on CNBC this morning and he really did not take much of a...

You raise an interesting question. I am a contrarian by nature and that has served me well in the market. I think there is a chance the market might perform better than the economy but we are seeing things we have never seen before. The media is going on like people are not buying cars...

I do not see anyone begging on the streets that I travel. I turn on CNBC, and it is open line for billionaires begging for a Gubmint bailout. One day it is Buffy getting a full ego massage from Becky Quick and the boys and the next day its T Boonie hand wringing and crying over his...

You missed the point. Buffett likes to be interviewed by newspeople who were hired as eye candy, not that CNBC has anyone of any gender with enough courage to give Buffett anything other than a full ego massage.

I rarely watch Cspan, but this morning I happened to catch two callers. Both were angry and against the bailout. Both were articulate and they both understood that the country had been sold out to globalists. These views are widely held by thoughtful and articulate people, but the MSM is all...

You are absolutely right about mass of voters. That is why Senators will not pay a price. But the House of Representatives is a different deal. In most Houses races which are contested a shift of 10 % will turn a race. A very complacent House misunderstood this in 1994. The...

Let's make one thing clear. Congress are among the most hated people in this country. That is not my individual opinion. It is simply replacing hate with the disapproval which is found time and time again in polls which gauge collective opinion. But there is a new chance to become...

There is NO daylight between them, and the Senate is the den of treacherous power and ambition, which is reflected in the Presidential candidates, Barry and the intemperate old geezer. But what is going on the in House is QUITE incredible. They are really trying to find some daylight. When...

I want to say that I appreciate moderators, and that I appreciate what you are doing. That said, if I were trading, I would be posting a lot less.