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true. but the choir needs a good sermon everyonce in a while, too. :)

No. This is just those filing. The figure for long term unemployed, discouraged, etc could be (and almost certainly is) higher.

Well, doing normal work does not mean you're not a trader. It just means you're a trader doing something else for awhile to earn a living. I really don't think that a trader's skills erode over time. If you can make a profit today, you'll probably make a profit next year, all other things...

Could you have meant : SMOKE AND MIRRORS ?

Well, remember when Obama came to Joe the Plumber (now Joe the Journalist). What did B. Obama say .... "I want to spread the wealth around." What exactly does that mean, if not radical social engineering ? But I definitely want to read Gross's "Dumb Money". Seems like an inspired...

What turnaround ?

Ok. It's his blog and opinion. He could be right. But I'd rather hire him to administer my Linux box than teach economics.

should I put my 401k and IRA into gold ?

ok. but you didn't say how many trades you made. i imagine that to define "overtrading", you'd have to know how many trades you should have made vs the actual count.

New and expanded refundable tax credits would raise the fraction of taxpayers paying no income taxes to almost 50% from 38% ... would cement a permanent voting majority with no stake in controlling the cost of general government. everyone knows the top 1% of earners (say) pay something like...

yea, youtube is like that sometimes. obviously you are not interested in the root cause of the current problem. great body though.

Yes, and his party. Burning Down The House: What Caused Our Economic Crisis? http://www.youtube.com/watch?v=1RZVw3no2A4&feature=related

Well, if it happens, I hope it's a tax on profits, not a transaction fee.

Afaik, futures are not subject to the pattern day trading rule. Not sure about other instruments.

If GE is over $5 on Mar. 20th, you're the luckiest man alive. This isn't even like gambling, it's more like choosing to get in front of a firing squad, and praying for a miss. Kiss your a*s goodbye.

I'll attempt to rebut you later. :) Bedtime. btw, slashdot has a great thread on the wired article "The Secret Formula that Destroyed Wall Street". http://news.slashdot.org/article.pl?sid=09/03/03/036223&from=rss

As I stated in my previous post, the counter party was paid in the past. He (or she) already booked the gain or loss. The capital can "vanish" because you are servicing a debt on an asset that is decreasing in value. This is exactly the problem in the real estate market. Homes are...

I'd say you need to second guess yourself. I've done the same thing. Chase the thing. Gotta get in. They're making money. But if you wanted to short, then you've gotta wait for it. You gotta ask yourself ... "should I be doing this (take the trade) ?" No. Gotta hold back.

Well, I dunno. If you get a margin call from your broker, who gets the cash ? Not the counter party, they got it already. And if you're leveraged 30:1, that's alot of cash. You shovel cash into your account as it goes down the drain.

didn't get screwed ... as I posted ... just a hypothetical ... but appreciate the response ... obviously others have been