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Outstanding. I was a journo for 21 years, and did financial PR for two, too, and he pretty much nailed the inanity of CNBC. They are basicially corporate shills who wag fingers after the fact to hide their own culpability. Best and funniest piece of media criticism I've seen. Everyone in...

At IB, you can, apparently, short Treasuries, actually Treasuries, not futures, with as small a lot size as 1. (And at the opposite end of the risk scale, margin requirements of 1 to 6 percent). Questions: When I tested a trade, my order confirmation said on a bond priced at 122, I receive...

Agree with 1 and 2 With 3 I am not sure why he would BUY puts but if he did, and didn't sell puts on the SPY, that also seems like the answer is correct; it would be allowed. I disagree with the maybe in 4, though. Does this tax guru have a IRC cite?

Seems like a rather obvious loophole, too for getting around he 30-day rule, but I am not sure how the IRS could block people from washing losses with close correlations; there are probably scores of them that are >95%. "Substantially identical" or derivatives there of, are not the same as...

No harm in taking the loss now, and taking a gain later when the market snaps back. In fact, I may buy the DIA in my IRA, that way I take a loss now in my taxable account and book a closely correlated tax-deferred eventual gain in my IRA.

Apologies: I wasn't clear, I want to do the second half of the trade, buy the DIA in a non-IRA account, not an IRA.

Let's say, I want to take my SPY loss right now. Book it. I'll take the short term loss. And tomorrow I buy and equal dollar amount of DIA. Any problem with the IRS on this? Trading risk and correlation risk exist, I know) But generally, for taxes, can I do this?

If so, can you short Treasuries individually? Smallest lot size? Caveats?

Gotcha. Thanks. Still might be worth a small allotment as a finance experiment.

Okay, we all know that shorting a lot of these 2X 3X and even just plain old inverse ETFs, gives you an upper hand because of the negative compounding. Sure you can have a bad couple of days, but eventually you are probably going to win (and buyers of the inverse ETFS will likely lose, or see a...

I am leaning toward this view as well. What exactly will happen that is so bad (compared to what has already happened) if we let CITI go under? And people who can't carry underwater debt for a few years (or more than a few, unfortunately) simply do a Chapter 7. Sure, lots of shit will happen...

World War II was a win. Big time. We were the only ones left standing. Winners get the spoils. We, along with the Russkies, ran the world for 50 years with Arabs and Japanese occassionally butting in. How you get that kind of economic stimulus again, I don't know. Can't do it domestically, no...

Hey, like I said, I understand the libertarian argument, and that's a different debate, but it seems slimy (a new synonym for inconsistent) to be a libertarian toward homeowners but not toward banks.

Lack of government support worsened the Great Depression? FRom 1933 to 1937, the government pumped massive amounts of money into the system, the WPA was founded, the New Deal list goes on and on. And what happened, we had another depression -- yes a depression, albeit smaller -- in 1937-38! Only...

The "invisible hand" has been mostly closed, allowing for only entry of an oblong object, and moving up and down rapidly, for quite some time now.

Yes, Wall Street rapes America -- that's what Wall Street and bankers do, and only someone naive or an idiot thinks otherwise. But who did they rape here? A stupid, consumerist slut of a nation that believes the corporate cheerleading (and finger-wagging follow-ups to clear their culpability) on...

It is the inconsistency of his philosophy that bugs me and seems classist.

Ok, he's against bailing out home buyers who were dumb, irresponsible, greedy, et cetera. Okay, I get that point of view, philosophy, the Ayn Rand thing. But how can he support using taxpayer dollars to "beef up" (euphemism for bail out) regional banks? To simpify, he thinks it's okay to...

1. Nikkei is a worst case scenario, a 1 percent outlyer. 2. How many people put precisely 100 percent of the equity portion of heir net worth in 1988 or the year the market hit a high or even the five years up to the high. and held without adding over the years. Let, say, the Japanese...

Americans are impatient. But and hold mans buy and hold a broad-cased index, not a stock, for 20-plus years, not five or 10. Check the 20-to-25 year rolling returns. Out of the last 100 years, I think like 97 of them are positive and most largely so. If I were 45 or under right now, I a would...