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I think you left out the bit about how the government can generate money from taxes. They don't borrow all their money you know.

Keep up the good work. Runningbear

Shortie, Have you found any correlation or inverted correlation between your polls and the next weeks performance. Does the market tank when everyone is bullish? Or visa versa? cheers, Runningbear

The European markets have had some big down days since last thursday. A rally was due. European markets are forming a big ascending wedge on the daily charts. I'm favoring a breakdown, but we will probably see strength on Friday. Monday should be good to get short again. Taking any position...

If you have the programming skills, why not code systems for other traders in your spare time to make some extra cash. Then trade with your earnings. You can easy make $50 per hour coding if you know enough about trading. There are probably customers reading this very thread.

The SPY will retest 1000 this week for sure. All you bulls are going to get your asses handed to you on a platter. Runningbear

Based on that chart, I'd be looking for a retest at the 200 MA. Basically we're at the top of the down channel. And the long term trend over rides the short term trend until proven otherwise. I'd be looking to get short if you get a decent set up. Runningbear

Your biggest problem is if you're holding a long position as you'll be losing the interest rate at the leveraged rate you're working to. If you're in a market with low interest rates, it's not such a problem. But if you're in a market with 5% interest rates and you're leveraged at 10X then...

If Greece defaults, which I believe is a real possibility in the next 2 years, then Portugal and Spain may follow. This is a worst case situation but I think this would drive the Euro down another 30%.

You don't become a great President from making easy decisions. You become a great President from making hard ones. Runningbear

ScalperJoe, You are right of course. It has no bearing on trading. I just make the point for the newer traders out there that think the buy on dips theory applies in all circumstances. The general economy is of interest to me because it effects other areas of my life such as whether I...

Well I measure percent returns on a multiple of the amount in my account. So if my account had 50K at the start of the month and had 75K at the end of the month, then I consider that to a 50% return.

Trade2live, Any product offered at a wider spread to the market with the product provider pocketing the difference is by definition a bucket shop. So IMO all CFD providers are Bucket shops. And I guess there happy to be bucket shops because they make buckets of money. The secret is...

The difference between post WW2 and now is that back then the US had a small public sector and a large private sector. Tax dollars were reinvested into infrastructure which helped the economy grow. Now you have a large public sector which generates no real tax revenue and a progressively...

Gold is now in demand because it can act as both and inflationary and deflationary hedge. Before paper money became popular, coins were made of real precious metals because they had an inherent tradeable value that carried across borders. It's been that way for thousands of years. The...

I don't make calls often. But I'm usually right when I do. Do a search for Gold and Runningbear. In 2005 when gold was five hundred, I called it going to 700. When it hit 700 I called it going to 1000. And if your interested, I will tell you this. Gold is going to 1500 and will probably...

CFDs have there place. For example if you have shares in listed company and for tax reasons or dividend reasons you want to continually hold a position, but you're worried about a fall in the market. You can use CFDs to accurately hedge your position. Going short against the box. This way you...

In 2008, I made over 500% in 10 weeks. It was just before the market crashed. Using market profile, I was simply buying the market when it was below the Lower Value Area but above the 4 day MA and visa versa for shorts. I thought I had discovered the holy grail, so I kept on adding leverage...

The Dow will not return to 12,000 for at least another 7 to 8 years. Buy more likely 10 years. And no I'm not kidding. The US economy is shaping up to be a repeat of Japan at the end of the eighties. Welcome to the world of deflation.

Have a look at the ESTX50. It trades on Eurex. It's an excellent product to trade if your in Oz. And because it trades through to the close of the US market, it mimics the US market after Europe closes. So you get the best of both worlds. To trade the US market only from Oz, you may as well...