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I don't think it WAS obvious then. It might be obvious in HINDSIGHT. Anyone can played Monday Morning Quarterback. hehe. But even IF it was OBVIOUS TO YOU, would you have the GUTS to put on a FEW BILLION DOLLAR POSITION?!! This is where position sizing is KEY! He had the right conviction and...

Good call Walter. But honestly, when you called it was like 117-118. So, 120 was a chipshot. If you had called 120 back at 98 then you would have been God! hehe. Or wildly praised. hehe But good call dude.

shit! It just went to 121-5

Oh my GOSH!! ZB is at 120-26!! Go Baby! Go Baby! You can do it!! So, glad I held on!! It was one wild ride up... Hmm.. When will this stop? You can't get out at the top cuz you don't know where it is. And if you wait for a correction you might not be able to get out since everyone will be...

What do you mean by bottom at 8328? You mean we will be heading into a new bull market? And 8328 is the absolute bottom? Somehow too many bad news to be the start of a bull market. But who knows? I'll keep an eye on it. Having studied engineering, mathematics, quant finance, and computer...

I'm quoting from the article: "For now, though, prices are within a range the Fed has long considered ideal, allowing Greenspan to declare victory for now against his old foe of inflation. Inflation was "sufficiently low" that it no longer appeared to be much of a factor in the economic...

Greenspan Says Fed to Watch Deflation Wednesday May 21, 6:12 pm ET By Caren Bohan WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan held out hope on Wednesday that the U.S. economy would pick up pace but warned the Fed was watching the threat of falling prices and would...

Eurodollars futures contracts are priced the same as T-bill futures. They are based on the IMM index = 100 - DY(discount yield). If the DY is 0 then the IMM index will be 100. The IMM index is merely a construction so the the bid price would be below the aske price. Think about it. Anyhow...

Maverick, I think I would tend to agree with you. Floor traders can be 1) arbitrageur 2) Speculators 3) Market Makers And most(95%-99%) of them would be hedged or trade spreads. Why would they be directional unless they are speculators like some of the Market Wizards. But most floor...

PointMan, You hit the nail on the head! The floor has to go away. And it will. And when it goes away these order fillers who call themselves "traders" will find it hard to get a real job on Wall St. In fact, Wall Street is working hard to eliminate the exchange trading floor and making it...

Yeah, this environment is extremely difficult to be HUGELY net positive. $500K the 2nd yr? What have you been smoking? hehe. I think most daytraders would find it even hard to grind out a tenth of that 50K. It's very difficult to be consistently up in this market unless you have such an...

I think about a year ago Buffet, Gates and a few other liberal-minded billionaires proposed MORE TAXES for the mega-rich(people with billions or hundreds of millions around)!! Yep, MORE TAXES. They just think the tax system is unfair. It's very regressive rather than progressive. It's not...

To some extent that's probably true. But greed is also a strong force and that's what caused the tech bubble as well as ALL bubbles before that. But the question you are asking or trying to answer is whether there is an asymmetrical imbalance between these fundamental forces and if so is...

Not only that. Bill Gates has $45 BILLION! By your same math/analogy, it would be 1,426.5years!! At one point during the bubble's peak, he was worth $90B. That's over 2853years!! That means if you spent $1/second of Bill Gates wealth it would last you from before 800 years before Christ until...

Thanks for all of your thoughts. It's still perplexing that everywhere you see things are not as cheap as the official numbers might be saying. Sure, computers and electronics get cheaper every year, but that's NOT due to deflation. That's just Moore's Law at work and the exponential increase...

There's all this talk about deflation recently. Especially the new PPI numbers that just came out suggested that. But if you look at the consumer level(not the producer price level) it does NOT look like deflation. Housing prices are going up through the roof and the sky. Stamps still...

Dude, that's called "risk arbitrage" or "merger arbitrage". You don't even know the first thing about it and you want to go and do that trade? LOL You should go do your homework. I'm just amazed by the number of newbies coming on here asking the most basic questions and not doing ANY background...

minimi, Actually, I apologized. It's a very very tough market. Unless you really know what you are doing, you gonna get screwed really bad in this market. It's crazy out there. And even for people with experience and an edge, it's still NOT an easy game. It's never easy. Here's a lil...

Ice, Dont tell him NOT to trade options! My last 2 options trades netted 100% in 3 days and one net about 20% in 1 day. I guess he was on the wrong side of the trades. hehe. We need MORE people like him piling into the options markets!

This is NOT true. This is NOT why LTCM went under. They went under b/c of OVERLEVERAGE. At one point, 100x! It has nothing to do with Black-Scholes option pricing formula.