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First off I have to say this thread is Career related. So please don't move it to Politics and Religion. Lets face it: * Obama is going to win the election. * Democrats will pick up seats and will have a monopoly on government. * Market is telegraphing a Severe Recession...

Yes, at age 34 KC will fade very rapidly. But MMA is kind of like the market - very random and unpredictable for the most part.

The guy in Super High Me used a vaporizer when he was smoking everyday for 30 days. Using a vaporizer delivers the THC but almost eliminates the toxic compounds and irritants that burning cannabis creates.

I just finished watching Super High Me. Basically its about a comedian that has smoked weed everyday for 15 years decides to go without smoking for 30 days and then decides to smoke as much weed as possible for 30 days to see the effects. Now I was thinking all that weed would do some...

The bid has simply disappeared from this market as the guys on the sidelines are awaiting a new psychologically important price level like Dow 10000 and SnP 1150 before they commit capital and throw in an intraday rate cut and we can bounce 15% over the next few weeks. In 2001 we bounced 17%...

I remember the first 50bps cut after the BSC collapse was right around options expiration. The Fed/Treasury considering a bailout package was announced the day before expiration. Now I doubt they will continue to ramp up the markets before expiration - as that would be too obvious. But...

I got a message from IB, no details provided though.

I learned 2 very important lessons today: 1 Never assume a stop market order will execute especially when you need it to execute the most. 2 Always trade with the assumption that the market can gap 3% against you before you realize wtf happened.

I experienced NUMEROUS failures of stop market orders to execute using booktrader today.

What is the minimum amount of investment in T-Bills? Are they sold in 100k "lot" sizes?

That's a very powerful bullish divergence. I think its cause all the huge banks have been swallowing up smaller banks for (almost) free.

Trading YM using booktrader was absolutely nuts today - there were many many times when I set stop market orders and price traded right thru without execution. Anyone else have this problem?

Even if the tax doesn't pass I still think its wise to look at other countries to move to. The US is finished. A cultural collapse will follow this economic collapse. We now live in a culture of perpetual fear like a bunch of pussies. Just look at what Paulson/Bernanke are warning of (a...

The proposal right now plans on taxing all securities: stocks, options, futures, CDS, etc. The only alternative is to trade on foreign exchanges if you stay in America, in which case you have to pay taxes to the IRS. Or you can move to another country and you still have to pay taxes to the...

You have to be a complete amateur trader to not see what is going on here: 1 The bubble that is bursting isn't the RE bubble but rather the 25 year long credit bubble - the largest in the history of all bubbles. A lot of US firms with good credit (Catapillar, Boeing, etc.) are bitching about...

I want to prepare myself for the possibility of the Transaction Tax being made law. I think if we have a severe recession there will be an unprecedented assault on the free markets (which has already begun). We have had such a tax implemented after the Great Depression and it lasted for 30...

That's exactly what this is all about. Its a Shock and Awe campaign of Economic Terror. And that was what the Great Depression was all about - the Federal Reserve put all banks not part of the federal reserve out of business during the Great Depression and consolidated thier grip on the...

The most important role the Fed and the government can play is lendor of last resort. Paulson/Bernanke wants the government to act as the highest bidder of shit assets that no sane investor wants.

Paulson saying this isn't an expenditure is pure BS. Goverment will be buying mortgage assets at above market value prices. And since RE is still highly overvalued - if it continues going down then there is no way government is going to make any money off of this. Right now we are following...

This is the best quote on the bailout negotiations ever.