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My comment wasn't about you, it was about the market. When it gets to where everybody is a big winner, the punchbowl gets taken away.

I'd give it a year or two. This housing decline isn't going to reverse to where they will want to be building anytime soon.

I still think we are likely to see some sort of reduction in liquidity pretty soon. There is already been so much money chasing so few things worth buying, and so much speculation, its just gotten silly. They won't let that go on very long. Its already all too apparent.

I don't think I'd take Alex's advice on any gold stock trades after his calls last year.

Just because a stock is under $5 doesn't make it go up or down tomorrow or the next day. I play a lot of under $5 stocks. Its been very good to me. There are thousands of them out there. Just got to find the right ones at the right time is all. Buying 80% of the daily volume of a stock...

Maybe I'm reading it wrong... I don't understand the point of only investing 10% of the money, if that's what you are saying. If so, you just took a great 50% big winner and made it into a safer, but just ok, 5% play. I'm not suggesting it would be wise to plow every penny you own into the...

I didn't quite understand it all, but if you have $50k and earn $25k, it seems to me that would be a 50% return, which is still real good for 1 month.

Its irrational to think or expect a bailout of subprime or alt-A loans. The lenders themselves will renegotiate the loans as needed to avoid foreclosure as much as they can because foreclosing is bad for their profits. That's already started to happen. Renegotiating costs a few thousand...

We go up as long as the easy money keeps coming, or maybe it stops for "sell in May". As soon as something triggers people and funds to reduce debt levels, the markets will turn south. You have both the "carry trade" money, Private Equity debt financed buyouts, and record margin debt from...

There are no "free" energy sources unless you have a car that runs on used french fry oil. As soon as more people have cars that can run on those, it won't be free, either. Sure, the sun and wind are free, but the gizmos needed to harness them are as much or more expensive than fuel. I...

Its because everything is already way overpriced assuming everything will be bought out. So as soon as any news comes out, and its not a buyout, everybody takes their profits while they can. Do the same or find yourself holding the bag.

I bought bunch of gold today. Why? 1) trade deficit friday. since import prices were higher than expected, I think trade deficit will also be high 2) PPI friday 3) consumer sentiment friday. Bloomberg was saying 60% of Americans now expect a recession in the next year 4) dollar...

I guess we see if it was true or not when we see consumer confidence tomorrow

Yup, Hopeless. I went to cash. Silly to be long waiting for the axe. Silly to be losing money short waiting for it.

I'm amazed this one didn't get moved to chit chat.

Ok, I quit. Add my name to that "quitter list". All out to cash. Screw it, I'll pay the short term taxes on ALL of the profit. Step right up, EVERYBODY is a WINNER here! Even I know what has to come next...

Sign of a top.

If you are planning to trade more than about 10 or 20 contracts of anything you will find that the liquidity is terrible without getting killed on the spread.

Lose the debt. When the market turns south it will be like an anchor tied to your neck. Forget other people. Trying to manage other people's money would be a headache. The position sizes would need to be huge, and you won't be able to get in or out easily, so if something goes sour, you...

I think I see the problem. How many years can you live off a 25% year of winning trades? If your answer is less than 2 you either need to do real well ALL of the time, or you need other sources of income. In other words, you need to build up more capital. You don't want to be eating...