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    Why we haven't hit the bottom: Alt-A and Option ARM Mortgage Resets are coming

    Did you hear the US is now $11T in debt? The market goes up every freaking day. I guess ARM's and trillions in debt don't matter. The bull is back. Climb on back, grab onto the horns.
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    We Finally Scared China

    China will eventually stop buying US debt no matter how hard Clinton begs. When that happens the US will have to find another source to run their ponzi scheme. That source will be a national pension plan. Your employer will be forced to pay into a national pension plan much the same way they...
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    Trader Beginner

    I'm gonna give you the best piece of advice you'll ever hear and hopefully you won't forget it. Give up on trading now and go back to school. Put your heart and soul into some other profession. This is coming from a guy who has been trading profitably for 20 years. Do something else.
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    Here It Comes Boys: "Bernanke May Need `Massive' Asset Purchases"!!!

    And why hasn't that happened exactly? How many depressions and bubbles will the Fed have to cause before Congress pulls the plug? Congress is in on this game. They don't want the Fed to go anywhere because they reap huge profits from this institution. According to Jesse Ventura, politics is...
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    The FixCNBC petition launched....

    Great marketing though. Just like MSFT. You buy a computer and you gotta take all their POS applications that come with it. POS but still great marketing. Gotta give the bastards credit for that.
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    The FixCNBC petition launched....

    Here's one thing that will make a huge difference. Turn the POS show off. How the hell anyone listens to this insanity is beyond me. I'd rather have a fucking root canal.
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    AIG $165M outrage a diversion?

    Exactly and the American Sheople don't have a clue. They think the Federal Reserve is a branch of the government so here's what is going to happen. China will eventually stop buying the US's debt and they may even demand repayment on their outstanding balance. When that happens the government...
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    AIG $165M outrage a diversion?

    Ohhhh....and I forgot to mention. That chart is from two thousand fucking seven. Here we are 2 years and 9T later. Who knows what the multiple is now. 10? 12? 20?
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    AIG $165M outrage a diversion?

    Now there lies the real problem. The CDS market is estimated at 50T. If AIG goes down the entire monetary system goes down. I think this is actually quite funny, in a sad sad way of course. It's rather comical that a company could write insurance for that amount of cash when the entire...
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    Issues with Day Traders qualifying for a Mortgage

    Exactly what you have to do. If you are a trader in the eyes of a lender you are a gambler. If you start and LLC and trade through your business you are a businessman. Traders can't get a mortgage -- simple as that. Start and LLC and list your occupation as "investor." Problem solved.
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    FASB mark to market guidance MONDAY MORNING - announced on cnbc after the mkt close.

    The funny thing about this M2M issue is if they are "illiquid assets" then that means no one wants to buy them and if no one wants to buy them then the value is actually pretty easy to understand. It's so easy you don't even need a calculator to value them. It <b>freaking zero!</b> Mark this...
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    FASB mark to market guidance MONDAY MORNING - announced on cnbc after the mkt close.

    I smell crazy arse buying on Monday. Could be a buy and close your eyes day.:)
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    Tank into the Close?

    So if this is a known event and new M2M rules pass the market will trade up into that news then sell-off and if it isn't passed then market really sells-off. See how easy trading is :eek: Go short in three weeks. Until then stocktrader is probably right -- rally on market.
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    POLL: Does Pa(b)st Prime have his Head & Shoulders up his Bottom formation?

    Hmmm....now I'm wondering if Pabst didn't get Thunderdog to post this to give him the opp to pump his fund. Nice going Pabst :D
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    POLL: Does Pa(b)st Prime have his Head & Shoulders up his Bottom formation?

    A 2000% return on a tiny account is not really a lot as long as you're willing to lose it all. 15 people x 2k each, 30k. Shit, roll the dice. 2k ain't nothing. I did over 1000% in my first year of trading futures but I started as a 1-lot piker and took huge risks as my account grew. I...
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    Alan Greenspan: "The Fed Didn't Cause the Housing Bubble"

    Here's the source: http://www.ibdeditorial.com/IBDArticles.aspx?id=321237362312361 The blame for this financial crisis lands squarely on the shoulders of Alan Greenspan and Bill Clinton. The Federal Reserve, along with the President of the US, and Congrees, caused this crisis. Greenspan...
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    Alan Greenspan: "The Fed Didn't Cause the Housing Bubble"

    It started earlier than this. The money supply expanded parabolically beginning in 1995. The democratic AA Lending Legislation can also be traced back to 1995. "It was Fannie Mae and Freddie Mac, the two so-called Government Sponsored Enterprises (GSEs), that lay behind the crisis. After...
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    Jon Stewart Exposes CNBC's Worthlessness

    I was roaring the first time I watched this. A must watch!
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    Trading futures after hours, internet goes down, then what?

    Start here :D http://newyork.craigslist.org/mnh/cas/1067888468.html
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