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You know, about the worst thing that can happen is when you start believing your own propaganda.

Well, there goes the entire housing market for the over $350,000 home for years. And anything over a million, see ya. I wouldn't touch it with a 10 foot pole. You bought it, you own it. Forget about trading up. All these homeowners in Mc Mansions or high housing cost areas like the major...

Anyone else remember how back in the good old days these things would just smoke everything? *wistful*

Forget it. Won't ever see the light of day. Ultimately, who was really the pawn here? I vote Madoff.

I Remember an honors math class back at uni. 50 point test. The mean was a 4. And you got two points for signing your name. Not sure that I learned anything meaningful there except not to play games like that.

This is a joke, right?

That was a good article, I do remember it. One problem though. One of the main problems with this thought process is that demographics is destiny - if you decrease birth rates through population control, you end up with a gazillion old folks and not too many youth to take care of them...

Why wasn't this speech called a "state of the union" address? Perhaps because they were trying to tone it down and avoid viewership? I almost missed it myself. This had a very different tone than past state of the unions - it was muted, subdued, and really didn't offer anything concrete...

I'm starting to think that this stimulus package is more about the rest of the world than us. As if the engine that is the US consumer has stalled, and needs a really powerful jumpstart to re-start. We can probably re-build our economy after a while. What about the rest of the world who...

My accountant told me he lost $200k in his 401k and needs to work three more years before he can retire. Then I went home and I got a big hug from my son and felt a lot better. We had takeout pizza for dinner - half cheese and half veggie and it was very good.

To a certain extent, there is an advantage to not having a manufacturing economy. Not only is it cleaner, but you don't have the obsolecence that comes in after only a few years. Perhaps it will be easier to re-industrialize than we think. Of course, we will probably need help at that...

Been in cash now for a while. God help me, but averaging down into the DIA's at these levels slowly. Its painful to do so, too, but I have to. Just can't accept the conventional view of total armageddon. I Could see myself buying down at 6500 too. If its the end of the world, I don't...

Have noticed some inflation in other goods (men's clothing). Suspect that there is an attempt to maintain business solvency by raising prices to make more per unit sold. Idea being that since credit is gone those who would have made impulse buys who can't really afford it previously won't...

Actually, did the covered call thing on the way up, but wrote the call at 920 so that didn't hold. Spent half my profits on the puts out to june; cheap lottery ticket. Still positive on the new trade, and more so after today. I'm trading cautiously here, to be sure. However, I don't want...

Or conversely, they have evaluated the situation and felt that it is best to hunker down after having closed their business to avoid depleting capital. That's my suspicion for a lot of successful business owners. No point in continuing. Time for a long vacation.

Its one thing to be a contrarian. Its another to stand ahead of an onrushing train. Gold should be a lot lower already. But it isn't. It should have corrected. But last time it did it was bid up quickly. Didn't hit much resistance at the top of the channel & blew thru. Facts have...

Don't know about the oil for gold swap bit but there is no question that there is a very direct correlation between the SPR filling with oil rising and the SPR not filling or releasing with oil price falling.

I can't figure things out at all. There's been a flurry of activity by me since the beginning of the year - perhaps because here in FL we were on the bleeding edge of things and we are getting a temporary uptick, but I don't think so. Things are grimmer down in the South Florida area with...

We're about to find out who are the ants and who are the grasshoppers, I'm afraid.

Thanks for your opinion. Still long the XLF 12 Calls, although now profit signficiantly reduced on the remainder obviously. I'll use that theta, thanks. I might play with the idea of converting it into an ITM bull spread if XLF blows upwards and I can gague it correctly to have the spread...