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Supposedly he was short Boeing March puts at $12 and covered around $115. BTW, a buddy told me this. Haven't seen it confirmed.

There are 7000 eminis offered at limit down. You should have no problem.

They are trying to 'stimulate' people into putting themselves at risk of contracting an infectious disease that could possibly kill them. And the talking heads are trying to convince everyone that this is a good thing.

Do you remember the AIG bailout? It was really a bailout of Goldman Sachs and other broker dealers who were owed huge sums on derivative contracts. It was sold as a bailout to life insurance holders which was complete BS as that was a different entity. Any shale money will go first to senior...

That's the excuse used every single time.

The industry wouldn't be in so much trouble if they weren't so levered. And they wouldn't be so levered if the Fed and Treasury department wouldn't enable bad actors to take on exorbitant risk.

BTW, I'm against all bailouts. The lack of creative destruction is the main reason economic growth has been so anemic during the last decade.

Besides bailing out the stakeholders in Shale companies, what will government help accomplish?

So the cure for low oil prices is increased production?

I was in the forth month (right next to the backs) in 2002-2003.

I've been using Xtrader Pro for 20 years. Too old to change. Newsquawk has saved me tons of money over the years.

Trading is supposed to be boring. Good luck.

The ED pit during NFP was the greatest show on Earth. It made the pit scene in Trading Places look tame by comparison.

You create a spread as part of a plan, not because of a refusal to accept a loss.

You have a loser. Deal with it. Creating a salad is not the answer.

Oct 19, 1987 Down 22% in one day

It's not about systems or charts. Some guys are willing to stare at a screen all day and eventually notice every little nuance about a product. It could be algo selling every Thursday at 1:15 or or a huge seller every roll. They will front these orders every time until they stop working...

There was a study done years ago ( I think I read about it in Market Wizards ) where the best traders had an IQ of 130-160. So, in human terms, being super smart >160, was a detriment.

Supposedly, the Wizard of Oz is taking applications.

If she takes half your funds it will be easy for your lawyer to argue that logically you will make half your previous income going forward which will slash her spousal support.