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I believe in the ensuing weeks to months, crude oil will take on it's largest % move down of the current cycle.

anyone not bearish oil?

$50k is too small. A $50MM fund with superb track record can go to $500 million just by hiring more PM's after allocation interest and sticking with core strategies. tho u could find ways to leverage the $50k to something worthwhile, ie $500k, etc.

i see the media printing the following quite often: s&p's supported by oil stock rally. and on another day, the same guys will say: markets down on higher crude oil. seems like there's only a correlation as you describe whenever it's happening. and oftentimes, it doesn't happen.

not sure about that. analysts have set EPS estimates way low for Q1. seems all i've heard in the media past month is negativity.

girls notice cars more in the west coast vs. east coast due to the inherent superficial nature of west coast chix.

If you have the means, ferrari is the best no question. If you can't stand the upkeep, you should go buy a honda accord. http://www.lapcr.com/2001_ferrari_360_spider-8.jpg

because i recently looked at aggregate trade volume month to month at a very large (unnamed) prop daytrading firm.

philadelphia, isn't that where the cheese is made?

*WOOOOOOOOOOOOOOOSHHHH* as the post flies by marketsurfer's head.

Another nail in the coffin for rock bands. Rock bands won't be around in 10 years. Another poor month for rock bands. http://negativland.com/albini.html

What about "other income". I think people who aren't making enough tend to be alot louder than those who are. Nobody really knows how wealthy this country is. They just know how poor it is.

What % of overall NYSE daily volume is by proprietary daytraders? Lot of firms claim to do 2-3% of the daily volume. What if the total volume of all prop daytrading is like 20% of the overall volume, and since daytrading has suffered from hybrid, with the thousands of professional daytraders...

Spend a day with 30 kindergarteners, be a substitute teacher for a class of teens or just hang out at any of the many "prop" shops and tell me if you still think so.

If global equities markets price in 6-12 months ahead, why is the Shanghai exchange making new highs?

Sometimes, discipline can't be taught. But some people can learn it quickly.

Watch World Series of Poker. The guys who are consistently in the finals don't make as many stupid bets and don't play "on tilt" as often as the guys who tend to blow up early. I can't tell you how many times I see someone playing well all afternoon, to lose 50% of his chips on one close hand...

FOMC doesn't raise rates in midst of a slowing economy. Equities markets are pricing in a 2007 rate cut.

He must have poor marketing. I know several ex-prop guys who were each given $30-50MM allocations via fund of funds and investors with a 20-25% a year 5 year record.

Sure you can, if u don't elect MTM, you can still do that but limited to 3k max previous year loss offset against current year cap gains. MTM changes ur income to ordinary income vs. cap gains, which has no limitation to how much losses in prev year u can offset vs gains in future *AND* X...