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It's not just drilling--there's a lot of unneeded restrictions on refineries, too. That's why we haven't made any progress in them for years.

Yeah, cheap gas was soooo bad for stocks back in the 80s and 90s. But you were in diapers then...or maybe you're still in them? But no one should promise a certain gas price. Too many variables unless they try to control the price from the top down, which is a very bad idea. Remember...

But have we ever had (a) this many people who pay no Federal income tax and/or (b) this many people on food stamps and similar programs? Those who have recently joined the ranks of (a) and (b) may actually want to go back to work. But the long-term freeloaders may be perfectly happy with the...

Where are the performance summaries? Are they based on back-testing, real-time or both? Have they been verified by a third-party (not just you or Prof)? Just post an attachment or link with the summaries, please. None of the stuff about getting self-actualized first. No charts or...

Does "validate the program" = test its signals, which should be 100% objective? If not, I see no point in Surf or anyone else "observing" the program. Again, I think a CTA should be more clear about these things. For the record, I have no dog in the Prof vs. Surf fight. But I don't think...

I understand what happened with LTCM. I'm not saying that you're using the same kind of methods. My point is that credentials don't guarantee that someone will use a robust strategy with proper testing, simulation and risk-management controls.

Self-actualization? I'm not looking for a new age seminar or Trading Psych 101 fluff. Where are the multi-year reports of trade-by-trade results, monthly returns, max DDs, profit factors, Sharpe/Sortino Ratios, etc.? I can't believe a CTA would respond like that. It's like a doctor...

All well and good, but people with much higher-level credentials blew up LTCM and all kinds of things in the 2008 meltdown.

I'm not a "noob." Typically, noobs belong to some Kool-Aid sipping cult of a guru or esoteric method. They get terribly excited by unverified stories of huge houses, cars, etc. They look at hindsight-based trades on charts and say "Wow, look how accurate this system is!" When they grow...

You are joking--especially about the "market moving" stuff...right?

You're still here? I figured you were in a smoke-filled room being wateboarded until you give up your copy of Prof's software.

I suggested that, too. Trade against each other for 1 year. No posting on each other's threads or bickering on other threads allowed. Let the best guru/system win...or at least not go bust.

I'm no lawyer, but if Surf didn't open the file, I'm not really sure if Prof has much of a case against him. Let's play this in reverse. One of Prof's "students" sends him an email about how bad a trader Surf is. He includes an old ebook that Surf used to sell. Prof posts about it on ET...

A certain 70's song is now stuck in my head: "Send lawyers, guns and money...the stuff has hit the fan." Any Al Brooks devotees left on this thread?

This feud has gone on for years. Can't Surf and Prof just trade against each other in journals--with someone tallying the performance? Or maybe in demo account or small live accounts? No bickering, no commenting on each other's threads (or someone else's like this one). Just quietly...

I don't always agree with Blodget and his boys, but they're probably right on this one--this isn't just your "normal" crash. http://finance.yahoo.com/blogs/daily-ticker/problem-market-crash-112739473.html At least we know Blodget > Nine_Ender

How could that be? You made this in mid-Dec when the S&P was at 1240. Re-read your first post and see how bullish you were. Your buy signal was at 1240 and you never gave a sell signal. Link to the thread of your 1041 buy signal or just admit this was a dismal failure...

Great. Nice hindsight call. Nothing about seasonality or when to sell in your original post. Stocks were supposed to go up all year and the bears couldn't do anything about it. Remember? Just admit it's a silly thread and your analysis for the stock market and economy has been way off for...

Intraday or based on the daily close-to-daily close? On a closing basis, this was the worst day in over 2 years. You may be right, but the vast majority of those other days must have been from 2008 to early 2009.

Oh, no. That can't happen. Someone said 2011 was going up, up and up! http://www.elitetrader.com/vb/showthread.php?s=&threadid=211996&perpage=6&pagenumber=1 "By the time some people realize what they missed it will be too late. This is the nature of markets. If you are expecting a magic...