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You don't have the power to be evil. But, I must say you have the power to amusing. Here is what you said on 2/26. You missed that one by 300 points. But, I honestly don't know if you believe what you post or not. You may just be doing it for your own amusement, to see what king of reaction...

I appreciate the feedback. You know I was thinking along the same lines with YM over the weekend. The only reason I was doing trading the YM in the opposite direction was to minimize the impact from gaps. I could simply reduce my exposure to gaps simply by taking off some ES contracts...

I hardly ever post. In fact I hardly ever come on this board. But what I've quoted from your post is really mostly what I do. This is the only thing that has made me really money in the last few years. For example I buy/sell ES but hedge them with SPY options. SPY options are so liquid. I...

From an occassional lurker (me): Impressive.

The problem is one of the biggest massive sovereign fund is China. They over the last decade or so bought about $1.0 trillion long term treasuries. They over paid for them - bought them with low yields resulting in a flat yield curve. Did this to keep the dollar strong so the American...

Good points. Problem is look at the numbers of insured deposits and look at the total amount in the FDIC fund. The fund is something like $52.0 billion. I think insured deposits are something like $12.0 trillion. A failure of a few major banks, would decimate the FDIC insurance fund. Not...

The Greenspan put was a death defying act that can only be done once. They are trying to do it again. It will not work. New ballgame. It wouldn't have worked in the first place if China did over pay for our long bonds. They did this to prop up our dollar, so the American consumer, would...

Interesting. Is your main point that a long term short position to pay off may be really long or at the least indeterminable? Not challenging you in any way. Just asking.

I don't think the Fed is stupid or Bernarke is stupid. I just don't think the Fed has the power people think it does. A 75 to 100 bp bump will probably have an immediate bump to the market -- but a long term effect? I don't know. Even during the Greenspan put era, I don't think it was the Fed...

I agree. If you are looking for ETFs for this and that, look up iShares, Proshares, Powershares, and Rydex. Yahoo has an ETF screener. Some like the QQQQ and SPY are most often on the most active for the NASDQ and AMEX. But the Yahoo list, has some of the ones listed are more thinly traded...

I am a regular lurker on this board. This has got to be a prank. This guy saying the same thing over and over every day can't possibly be serious. It may be one of your colleagues playing a joke. If he is serious, you think he'd add a nuance to the same message now and then.

So they'll keep over paying for our long treasuries, they won't dump much the $1.0 trillion or so they have now, it will look like the Fed is leading and it will look like the long bond market is marching in step with the Fed. Given this, I think everything you guys say will happen -- 1600 +...

Your examples are valid. But many people borrowed to the max to support a lifestyle they believed they were entitled too. And others just were careful enough and were just a victim of circumstances. Unfortunately regardless of the cause, it sometimes comes down to a bunch of bad choices...

There is another alternative for borrowers in this situation. Sometimes it works and sometimes it doesn't. It would be done before the other alternatives mentioned are taken Talk to the financial institution who holds the loan or services the loan. Explain your situation. Sometimes it is...

I grew up in OH, moved to So Cal almost 25 years ago, lived their 20 years and now live in Scottsdale, AZ for over 4 years. So you know much more about the NYC area than I do, so I'll defer to your knowledge. We are probably a generation apart. But, even though I am not wealthy, I am...

Well, whoever this is has big credit problems. I hope whever this is, is not trading. But to whoever it is good luck. You may be better off renting and saving before buying. Build up some cash equity.

I agree. Problem is some people have only these choices. Some didn't understand the financing terms got emotional and bought. Some were suckered into loans they did not understand or could afford. Many were stated income, more commonly called liar loans and they fudged on their...

I believe in CA the homeowner has a statutory option to do what is called a deed in lieu. you throw the keys to the home on the financial institution's desk and say goodbye. Of course it probably wood kill your credit, given it is forfiture of collateral. Actually regarding your main...

First paragraph, me too. Second paragraph, I think you are exactly right.

I have an account with TOS. I like the platform also. I like the company. But, I don't know if Penson their clearing firm isn't prepared to do options on futures. I know TOS management wants to offer optioins on futures, they've said as much. So, I also have an account with IB for the...