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S&P's down 5% at the close and I'm getting that unpleasant feeling in my stomach again. I believe I have answered my own question posed above. So much for the obama rally. Full disclosure: Long SPY puts, SDS

Karl Marx. Good Economist, grudgingly allowed. Lousy Philosopher and Politician.

OK, here's a question for discussion: With the changeover between administrations, will the President's working Financial Group (PPT) maintain current effectiveness? Can market distortions which have been ascribed to said intervention be expected to continue? Or are we entering a new more...

Non-event. The passage of the U.S.-India Civil Nuclear Cooperation Initiative (signed 10/08) occurred despite indian non-compliance with the NPT (non-proliferation treaty). In fact, it represented the first treaty of this type with a Non-NPT nation. So no big deal, as the treaty was signed...

1. Speaking from experience, if it happens to you as a child (i.e. your parents suffer that $250k -> $30k drop in income), it affects you greatly. You view money as a security blanket (real or imagined). 2. The sense of entitlement that exists up in the Financial corridor (NY/NJ/CT) is...

IMO, the crux of the problem in california, soon to be much of the united states, is the codified & legislatively mandated external influences upon the economy which can't be complied with in the current economic crisis. That's not to say that they won't - because they are legislated and...

great idea, hadn't even thought of that ever. How do you keep the musty smell out of the air though?

Hard Times by Studs Terkel (an oral history of the depression)

Right. The only problem is that technically, psychologically, politically and globally its a mess. "Its a mess" - attrib to P. Voelker

That was the hardest I laughed all day.

online media ad revenues projected down 10-20% this year for bloggers et. al. and with the newly unemployed, think of how many folks have time on their hands to try this.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=142646&highlight=student+loans I sincerely wish you good fortune in your circumstances and wish you well.

Thank you very much, good intel.

Rubin's resignation may be a tell on this.

As a weimar-wanna be at times, I am surprised to find myself agreeing with you. But this time it is different - someone screwed up and upset the apple cart but good.

There are some emerging market closed end debt funds. These were trading at outrageous discounts but have closed somewhat. I'm long EMD small. Purchased more as a discount play, but I'll probably hold it as a deflation hedge until defaults occur. Yielding about 13% currently with the...

I think that raises an interesting point for those who fall into the 'affluent' category (defined as net worth 500K-1 million) or the poor rich category (1-$10 million). When you look at replacing active income with passive income, someone who has had no problem earning $250K-$500K a year now...

Perhaps only if they do so using "granular mean-reversion analysis with a qualitative version of a qualitative Monte Carlo simulation which leverages their lives in an anti-Markovnikov strategy."

Quick aside - Do you: 1) Increase your optimization time period from 3 years to 10 years to compensate for market in last 3 months. 2) Omit last 3 months from optimization timeframe as an 'abberation' and trade your system exclusive. 3) Try to make system more 'robust' including...

Dude, I think the magnitude of this bear rally ain't gonna be as much or as long as you hope. Best use for this thing is to get out of structural long positions (401k, etc..) and buy value 'cause that stimulus plan is going to either take a long time to work or be a useless cash injection that...