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The comments on this thread are revealing. When the masses are convinced that trend following has "stopped working" it is usually on the verge of huge profits. Wait and see..

Interesting you think that. Black Monday in 1987 was triggered by absolutely no event whatsoever. It just happened.

Can someone please explain how it's a good business to have lots of different products with slightly different names that all do pretty much the same thing? Exactly how long can a mania last?

Sure, but this only works temporarily. 8 years of a bull market has convinced everyone it will work forever. What criterion would you use to stop doing this? The first lower high?

Sorry, but this is pure BS. You seem to be saying that observing a single stock's market price over an 8 year period - during which it was in a bull market - is some sort of back test. In fact the belief that something that has been going up in the recent past will <i>continue</i> to go up...

The argument that someone has a good trading strategy because he is "rich" is specious. I was suggesting the names of people who didn't know what they were doing but still ended up with lots of $

You can have a lousy trading strategy that eventually blows up but still be rich due to all the performance fees you have accumulated whilst the strategy was "working". If you're starting out I suggest a good strategy rather than trying the above.

Dick Fuld, Jimmy Caine et al remain centi-millionaires. Your point being..?

Well I believe in creative destruction. This coming crash will sort out a lot of things that QEx is just making worse.

Nah, actually I'm in YOUR mommy's guestroom. And not always her guestroom, if you know what I'm sayin'

You mean who's gonna go short??

Hope you're right, Range. I just have a superstitious feeling that the more we hold our breath for it the more we jinx it and it just won't happen.. If the gods are really smiling then it will happen BEFORE the election and wipe the smile off Obama's face..

For all of you that are bullish and insist on buying the dips, how much of this is "recency bias", i.e. anchoring to the recent past? There is no doubt that Apple has done stunningly recently (last few years) but we are talking about the FUTURE..

Let's not forget that Obama has always made a virtue of his own 'cosmopolitan' background and back in 2008 was pretty much promising that that would lead to peace in the middle east. Which it didn't, for some puzzling reason.. :confused:

Right, for constantly putting his foot in his mouth. Honestly, he should be trouncing a useless socialist con merchant like Obummer who has presided over a 50% increase in unemployment. Since the US was founded no president has won a second term if unemployment significantly increased in his...

The Fed's logic is impeccable. Let's do unlimited amounts for a third time of what completely failed to work the first two times. Right. Some people insist on believing the improbable. Well I guess that's why we have religion. And fundamental analysis :)

Note to permabulls: low volume near all time highs over summer gives you a pretty good idea what's going to happen in October.

Right, 'cos your welfare checks will be safe so you can keep funding that sub $1K account :D

Until it doesn't

That's the most dangerous thing to do. You are selling tail risk when volatility is low.