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For those of you too young to remember the Carter years you are watching a replay as we speak. Stay tuned.

If you have the ability to pick your entry like you say you should have a pretty good idea of how far your trade might run until the next turn. Set a target for that area and take some off there. Maybe let the rest run with a trail. I have had better luck with targets than I have with...

Pretty hard to rally much when we are waiting for the other shoe to drop. Companies like GM, CITI, GE, etc. etc. We have to get all the dead wood, dead-beat companies out of the way and clear the decks. Unfortunately the gov't keeps proping up loser companies and punishing better run...

Start by asking the White House that question.

Maybe this will do the trick for today http://www.bloomberg.com/apps/news?pid=20601087&sid=ao4l9vyug6.c&refer=home

Oh, oh. That means someone from the Obama "Plunge Continuation Team" will have to make a statement this afternoon.

. . . and count me in on the run on the banks next month as well. (But I may go a few days early - you just don't want to be the LAST guy to pull your money out).

Call me one of them. Just moved all my 401K to Pimco. Tired of the bleeding. Any bounce in the market is beat back with an announcement from the DUMBASS in the White House or Geitner. They still have another 6,000 pts or so to play with and I'm sure they will try and drive it as low as they...

That's it in a nutshell. Then trade accordingly. Works for me. Bing

They won't have to lift a finger. Obama and his capital destruction team are doing the job for them.

I wonder what Buffet thinks of Obama now.

The Dems want to push it as low as they can (forcing more people on the dole - "you need the gummint to hep you"). Then when it rallies back to 700 they can say what good job their stimulus package is doing.

Or just when you think it is going to rally Obama or one of his mnions will come out and say something really stupid like: "after that big 'stimulus' package the budget is getting too big so we will have to tax "the rich"" - and the market will shed another 200 points.

FYI dino - I have never been late with a payment over all the years I have had the card.

An excellent book is "Steidlmayer on Markets: Trading With Market Profile." Besides the MP stuff in the book there are lots of other trading nuggets. He is one of the original guys who got it going at the CBOT.

Definitely an indication that the financial landscape is changing. And I think it will push even more people over the edge with huge amounts of uncollected credit card debt out there. I feel for the people who are going to be stuck. Honest people who will be forced to do something they never...

I called them but they never offered to waive i for me. Odd. Never missed a payment and always kept a low balance. No skin off my nose - will just move on with someone else. Anyone know if they got bailout money?

This is scary: I have a Capital One credit card. Had it for years with 9.9% interest. We have a FICA score around 820. I get a notice in the mail today that they are changing my interest rate to 29.4%. This will not hurt me as I only have a little over $100 for a balance due. Needless to...

Perhaps Mr. Soros and Mr. Obama planned this whole crash and burn scheme together. Mr. Obama will start talking positively about the economy once George gives him the nod that he has covered his short positions.