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One think I do know with 100% certainty......... Whoever wins this election has one hell of a shit storm to clean up. I'm also about 99.9% certain, that neither Barack or McCain has what it takes to actually clean it up the right way and will probably just make it worse.

Plenty of people on this board think they know......... "The dow will bottom around 7854 and if it breaks there it should find support in the 6297 range" I find all of these people freaking hilarious.

That's exactly what I was thinking.

"The Maestro" sure did paint his fucking masterpiece didn't he.

Bro, you sound like a younger version of me. I am 33 and in medical sales. I make a pretty good living (low 6-figures), but absolutely hate it. I love to trade, but would certainly not bet my mortgage on being able to do that for a living currently. That is a long term goal for me and...

Damn, I thought I was a little paranoid :D

No doubt, but it's a starting point at least.

Unless you are a scalper and looking at 1 minute charts, the Dow moves in perfect unison with the S&P, so why do you care?

When you're playing with demo accounts, you don't feel the pain, so I wouldn't wait for stock_trad3r to thow in the towel. Cramer has already thrown it in, but has Kudlow? That might be a good time to buy.

So do you have lots of guns and plenty of ammunition, as well as other "survial" equipment? My theory has been that if physical gold becomes necessary, there will be plenty of "bad men" that will want your gold. You'll probably need to defend your gold.

I agree. It's the people <35 that will fix this fucking mess that the Boomers got us into. With that said, I must admit, there are plenty of Boomers that are very hard working, responsible and unselfish in my opinion.

Maintain a high standard of living? I would say most people were attaining a higher level than they had previously been with credit. I see a heck of a lot of middle class/upper middle class and even lower middle class people with luxury SUV's (leased of course), 3,000+ sq. ft. homes (0 down...

Yes, isn't that exactly why we're in this mess in the first place? Bad loans to people that weren't credit worthy??? That's exactly (tighter credit) what this country needs for a while. Of course it will be painful, but make this country stronger in the long term, in my opinion.

It wouldn't suprise me. I think when there is a crisis (obviously there is one now), you will see that national self interest takes precedence over the Euro Zone.

I'm just watching t-bonds go nuts and commodities getting shellacked, is all. You have to remember that growth has been fuelled by CC's and home equity lines. That is all going away, so consumer spending will be cut down, because the current situation is unsustainable. Lower US consumer...

:D Now that's some funny shit!

Without having the data that the fed has, I'd say deflation is what I would worry about. Not sure if gold rising will lead to inflation, as the prices of pretty much all other commodities is falling hard. Gold seems to be a flight to quality play like t-bonds.

You have to roll your 401k into a self managed IRA, which you can trade through IB or any number of brokerages.

You said it. The market rallies one day and this guys says the bottom is in. The next day the market tanks and he hits the panic button. Unbelievable.

cnbc SHOULD be ashamed of his dumb ass spewing garbage to "Joe Sixpack" and watching them lose their shirts. He is a fucking idiot, if I've ever seen one. A bull market made this guy think he was a guru.