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Belated thanks for your post, but I am not sure I agree. I would note that if I am trading directionally (which I am), a trading decision to exit the trade is based upon my expectancy. When I put on the trade, I had expectancy that I would be able to sell the calls for double what I had paid...

Once BSE completes that ABC correction, watch out... I really like india long term.

Heh... just checked your post. Did the same thing in April and June puts over the last few weeks (paid too much for the april puts, but that's OK since it allows me to buy the OTM june puts so much more cheaply) and closed out of my long GLD today (unwound a covered call for a slight loss but...

I'm seeing this too in my neck of the woods (not cali) but suspect it is a function of shifting patterns of consumption. People are hurting, but not down for the count (yet). Lost your job and been foreclosed upon? Lots of time to spend. Go out and watch a movie. Have some eats and...

There is absolutely no way that things are predictable right now. All one can do is react. Long term is 1 week at this point. Seems as if things are taking on a life of their own - unintended consequences of legalese. Good luck to all of us - we are surely in need of it.

Is converting a larg(er) options trade to a smaller free option inferior behavior? Example: Thursday I went long XLF calls in March Struck at 12 (Spot was about 8.95ish) and paid $0.23 for each. For argument’s sake, lets assume it was 160, costing me $3680+commish. Rationale behind...

Agreed. See you in two years at the tax sale.

XLF OTM options popped too today... Tku very much! Full disclosure: Long XLF Mar 12 Calls

Historically, yields rose during first part of the great depression after an initial drop... then cratered for a decade thereafter. Kinda like... Japan!

Major problem is that there just aren't enough JOBS. The world can pretty much function with only about 20% of the folks working. Doing real productive stuff - growing food, transporting goods, healing the sick, ministering, some degree of politics/lawyering. What do you do with the other...

IMHO, toughest part of this whole nut here is the timing (like most things). We all know its cheap(er) and that properties can be picked up for $.50 or so. However, when's the best time to buy, as whatever you buy you are going to be owning for the next 5 years at a minimum in all...

Yep, found that out today. Was excited about my long fill at 127.26 in ZB and equally unexcited about my stop hit shortly thereafter. Well, at least 128 might be a great place to short!

Actually, growth depends upon having MORE people (population growth) rather than less. See what's happening to Japan? Europe's next.

You’re missing the point. Purpose of a mandatory youth service corp is to provide bodies for a sysadmin type organization for occupation of foreign countries AFTER our military makes a mess of the place. This is to address the failure of our military in occupation of Iraq & Afghanistan...

The more I learn about this subject the more I realize this is really good advice.

Time for a remake of that old Vapors song "Turning Japanese": No jobs, no time, no fun, no money, No you, no me, Obama Bar-rak... Everyone around me is a total stranger, Everyone avoids me like a hedge fund manager, Save us Bar-rak....

1. Not an academic, but thanks for the complement. 2. Just posting the argument behind the original poster's post - I saw no need to have it be obscured or obtuse. I did not imply my tacit agreement. 3. Want to trade global macro? You need to understand what the regional elites are...

For those confused & lacking a classical education (esp. in geopolitics/statehood), OP's thought train refers to the failure of capitalistic democracies as they evolve into capitalistic plutocracies & then fail with economic implosion, nescessitating currency debasement which implies the risk...

I've always just assumed it was a model similar to gas stations - Thin margins most of the time, and a supply/price shock comes along which allows you to raise prices and thereby increase your margins. Once tasting those sweeter margins, you are loath to let them fall until your sales show...

Wow. Anyone bother looking at GS today? Golden snacks got snacked. Down 19%!