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I think the dollar will go up -- perversely--if the USA defaults because whenever there is risk and uncertainty, investors like CHF, JPY, USD... it's funny: the US defaults and the dollar goes up... anyone remember Lehman collapsing and the dollar shooting up to $1.25 for 1 Euro? I wouldn't be...

The stupid governor imposed a big state tax hike, according to my brother in the Chicago suburbs... which has resulted in many companies avoiding Illinois and moving to nearby farmersville: Wisconsin... Wow, that's a great way to close a shortfall in tax revenues...

The lowdown is this: 80% of the time when the dollar goes up, oil goes down and vice versa. What's interesting is the spread between Brent and WTI: Brent has been on average $13 more than WTI this year and now the spread is almost $20. Yikes!

Interesting story... it piqued my Kazakh interest :)

Its about time!

I think there is to much risk (or profit) to be reaped from trading bonds right now... this is always true, but in tumultuous times such as these now the moment is more relevant than ever in recent history. I personally will still away from trading bonds until the situation clears....

No matter how you look at it, the rich in the USA earned their money -- and mostly in an honest fashion I believe. Too bad I can't say the same about my motherland Kazakhstan, but that's a different story...

Interesting forum :)

Based on my experience, the more volume you trade, the more you lose... luckily you seem like an experienced trader who makes money. Wish I could say the same about me...

Yes, I think so too... if they downgrade the US, the employees at S&P know that their effective taxes & prices they pay will probably rise due to the lower credit rating. Would they really want that?

I have a feeling this will only be in select theatres in the US and definitely won't be coming to Kazakhstan any time soon :(

Expect more of the same unless the US debt quandary is solved by mid-week... if not, there won't be enough time to put an agreement in writing by August 2 -- even if an agreement is reached before that deadline -- so S&P and Moody's are still likely to downgrade the USA debt... great. :(

What's this thread about, anyway?

Pessimistic? How can we not be pessimistic when the USA will default on its debts just because several politicians cannot make timewise decisions... hence the market uncertainty. I am from Kazakhstan and sometimes think an iron fist would be useful: in times like this the USA would benefit from...

Hello, I have been using IB's platform and am now exploring Ninja Trader... any ideas on the pros and cons of each? I heard from a friend in Russia that Ninja Trader is very easy to use and offers free charting... is that true?