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Correct in that business has a vested interest in people being financially ignorant. The govt gives people money and instead of trying to do something good with money, they spend it which keeps the economy going. The govt is borrowing our future earning so they can give it to corporations now...

Bernanke is afraid of all the banks that are still holding non performing assets. As long as rates are low the banks make enough money to cover there non performing assets as well as make a good profit.

I used to have ameritrade back in the early 2000s. I was paying 14.95 a trade plus .75 a contract. I was an apex member then and complain in 2005 and they dropped it to 7 . I'm sure they can do better,but now I'm with IB.

Selling options naked is crazy if ur not planning to buy the asset. One blow up can wreck 10 good trades. Don't be cheap buy the hedge. I can just see it now, sell 1 cl put at 105 the next day the strait of Hormuz is closed and ur bankrupt. Lol

Here's the secret to growing your account. There comes a time in every traders endeavors where he will hit the zone and make a tremendous amount of money in a short period of time. At that time is where u should ensure that u have predetermined stops in place. There a reason to this, when ur in...

Neke, Hang in there buddy. I've been reading your journals for years now and I'm always mesmerized by how you come back strong and extremely in the positive. Just remember your hitting a bunch of tails right now sooner or later you will start hitting heads again.

I would only do this strategy for stocks that are going to report earning soon or if the market is extremely volatile. Otherwise you will get eaten up by buying premiums that decay. I noticed you said that you didn't do well trading credit spreads. Remember when doing credit spreads you need to...

I think you're safe with betting against INTC. The charts broke down you are kind of a few days late though. Luckily the first quarter is normally bad for the tech sector. I know first hand because a few years ago I got my pee pee spanked in the first quarter by the techs.

GS and JPM have already payed the money. But if you think that BOA can really pay this money just ask them to forgo their govt guarantees once they pay the tarp back and see what they say then. Wake up right now I'm looking at houses in San Diego and their all over 400k with median household...

It's funny how about two months ago BOA would never be able to pay the TARP because of the amount of money and the regulators saying no. Now that they need a new CEO and with the the FED insuring that they make money they have the money to pay it back and the green light. Wake up people BOA has...

Exactly never buy a house you can't afford and don't fall for that crap about govt making housing affordable all it does is make it easier for banks to make money. FHA should only apply to loans that fall into the national medium price. For instance raising it in California because of high costs...

I have no problem with a company like GS buy a ton of stock off a pension fund after hours. That's not the problem and should not be outlawed. The only thing that I ask is that if GS buys millions of Shares off of CALPERS I think that should be disclosed where everybody else can see it...

It starts here and now we can do something about it. I'm doing my part and letting everybody else know what needs to happen. If each of us does our part and close their account and pass on the news maybe we can make a difference.

Well just some food for thought my credit line was over 30K anyways just close it now and pass it on to everbody else to we can all make a statement. Anyways they are tying up funds that could be used by other healthier banks that don't have the same deal to lend out to new ideas.

I know it may be mean but people need to realize is that extending the benefits will not help the economy one bit. Give a man a fish and he will eat for a day teach him to fish and he'll feed himself for the rest his life. This is the same analogy it might sound cruel but its the truth. If the...

Remember everybody to pass on to everybody to close there account to a bank that is surviving on welfare. This is the only way that the weak will die, so the strong can take over because at status quo the govt will do keep it afloat.

My balance is 1/8 of my total amount available. I just used it recently when I went on vacation. Normally it has nothing on it and I have a great income so there is really no reason. I forgot to give you all one tidbit is they did offer to give me a 10% discount off my apr every month that I...

Hello everyone today I just got a letter in the mail saying that my new credit card rate is 30% just because they can and at no fault to my own. I talked to the lady and said this is robbery. How can you charge me 30% when the fed is letting you borrow money at .15%. This is on par with a...

What's funny is that I live in San Diego and there's tons of houses for sale. What I find comical is that these real estate agents seem to think that houses built in the 70's that need about 30k in work are still worth almost 400k. That is just comical to me since all the jobs are going away and...

So why are you defending the FED. IF a bank is weak and needs help it's shareholders have the right to know. Otherwise our so called stock market will be a sham. That's what makes this country so great. The strong live and the weak die.