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What he said. Although, the way things are going, you could 'stash it away' and still have it either turn out to be worthless, or have it confiscated (Taxed) away from you anyway. 90% tax rate resurrected kids? This guy is proof positive why I won't put my kids in private school until I...

Well stated. And why its in our best interest to support the status quo in China. India is not yet ready to be an effective buffer against the chinese.

May be the only way to get asset prices (homes, equities) to rise.

Its time to declare the CDS's illegal & therefore null and void and net them out. That would be a first step in solving the 'too big to fail' problem. Keeps contract law intact, too. Its one thing to grumble about our legal system, but once we start willy-nilly disregarding it, we might...

Wow. Nice catch.

Congratulations. You've learned about MPT (Modern Portfolio Theory). Good for you! Here's something else you should read. http://www.crestmontresearch.com/content/Matrix%20Options.htm How will you feel if after that 20 years the best you can do is break even? And that's presuming...

What about Underarmour? (UA)

I have a bid in around 6400 DJIA to add to a long position I have been scaling into (read: losing money on) since 7700. Sold some GS put verticals to make myself feel better, after I got burned doing the same thing a few days ago on JPM (expected 20 to be defended). If we see below 6000, I...

Seems after recent price action we may need to start thinking about adding JPM to the list.

My goodness! I never knew that the liberal side was so open about their elitism! Now I understand why you think we need to be led - its becaue you are our 'betters'. Explains a lot - thanks. FWIW, I'm pretty sure I outrank you on your own 'elite' scale through breeding, education...

Only in Florida.

Well that was painful. + $8.59 + $7.53 - $6.38 Thank god only small position. Full disclosure: No position in GE at this time.

He's joining the jawboning wagon. Made a rookie mistake in using circumstances to push through a legislative agenda for the democratic party. Now finding it difficult to shift stance in midstream. The hope card was squandered by flipping it over to fear - interesting that it was taken right...

Drop to 7500 - 8000 on dow was intentional. C probably for that matter also. This is something else. BAC, AIG. Very scary. Feeding upon itself. The cart has gone before the horse, as I have said before. Just a guess though. I have no real proof.

Bingo. Now I understand why Obama wants to be the education president - because as the rats flee the sinking ship we will need to rebuild our technical know-how and science/engineering prowess to compete with the chinindians. Except we have really just pissed that away. 5 years to develop...

Ooops... it appears that the folks who voted for the new administration don't appear to have 401k's since they figured they would just vote themselves more retirement benefits when it was their time. And since evil corporate entities which are capitalist pigs control those equities, they...

We're all fatalists now... I'd like to hear from one of the real old experienced traders that lurk on this board what they think about their junior guys buying here to establish a long because "its gone so far down already, it just CAN'T go any further!" I think I already know the answer...

Buying slowly at these levels, with some increase in position as we hit lower levels. Last increment was at 6830 or so. Fully aware of downside risk - size of position to be determined by the depth of the move inferior. If you want to take the fib retracement for an A-B-C correction on the...

Buying AIG, huh? How'd that refco trade go for you last time?

Because the beast has gotten away from its handlers. Money supply destruction is being balanced by this insane money creation in the form of bailouts. While I have no doubt that the situation is being more than closely managed, the equation in the end is simply too complex and has too many...