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Surf has already said that he would be leaving ET for a long time if his YM trade didn't work out, since he supposedly invested 90% of his liquid net worth in it. (Pardon me for not providing a link to that statement, but I'm not in the mood to dig for it right now, and, in any case, many...

Huh? I didn't make a prediction, I gave what I think is the reason for happened in the past. Do you have a better reason for what happened?

You don't need to be good at math in order to learn how to program. What you do need to be good at is thinking logically, that is, understanding logical relationships between entities and the logical structure of code. You don't need any math knowledge other than basic arithmetic in order to...

Well, you're wrong. From June 19th: "Mr. Bernanke continued the theme into his press conference, stating again that if economic conditions continue to improve, the Fed will begin tapering its bond purchases at the end of the year. He did put a little more flesh on the bond tapering plan...

I'm jealous of your paper-trade losses? WTF?!

WASHINGTON (MarketWatch) -- The Federal Reserve's proposed timetable for tapering its bond-buying program is not set in stone, said Federal Reserve Chairman Ben Bernanke on Wednesday. "I emphasize that, because our asset purchases depend on economic and financial developments, they are by no...

As if we didn't already have enough evidence that Surf is Rodney King: http://elitetrader.com/vb/showthread.php?threadid=263424&perpage=6&pagenumber=250#post3840538 This thread has become a joke and should be moved to Chit Chat.

Point out to me anything that was stated that indicated a reversal of policy. You can't, because all that Bernanke did was speak in the general terms that he always does in order to leave open his options. Back in June, he said that if future economic data turns out as expected, then tapering...

No, apparently he didn't say anything different. I have yet to find any quotes regarding him changing his mind on QE. All I can see is that people are taking his use of the generic phrase "highly accommodative monetary policy" as meaning that tapering will not occur later this year. That's a non...

I guess I overestimated the level of reading comprehension you guys. As should be apparent to anyone who can read, I'm not arguing in favor of Bernanke's comments, I'm just pointing out what he actually said. I'm done with this thread.

Dude, calm your fucking ass down. I'm just reporting what he said. Watch the video of the press conference yourself.

I don't have time right now to read over his remarks or watch the video again, but as I recall he was just talking about being loose with interest rates. I don't think he said anything about QE that could be interpreted as backtracking.

He was referring to the sequester, apparently. At any rate, regardless of what you think about his statement, it wasn't a contradiction of his earlier remarks regarding monetary policy, which is what many people seemed to think it was.

He didn't say that the Fed's monetary policy was too restrictive. He said that fiscal policy -- that is, the U.S. government's spending -- is "quite restrictive", and cited that as a reason for loose monetary policy...

Link?

Dude, if you think that SVXY is going to crash, then go ahead and buy some puts. You said you thought it could go to 20. Do you think there's a good chance of this happening before September expiration? Then go ahead and buy the September 45 puts. They're selling for $2.00, which means that if...

That's just your opinion. Trend lines are subjective. There is no one "right" way to draw them. Drawing them so that they contain all of the price action on one side of them is just one way of doing things, which gives you one view of what the trend is. Drawing them so that they are a best fit...

If you think that SVXY will hit 60, then, seeing as it's now trading at 73.39, shouldn't you be buying puts on it?

I agree with Maushi, the current price is too low for shorting this stock. Ever since earnings last came out, ADT has shown that it is capable of making strong pullbacks in its present bear trend, even on days when the S&P 500 was relatively weak. I'd wait until ADT hits 42 before initiating a...

I don't trade ES, just SPY options, so I couldn't take a position here. However, to me it looks like the thing to do is go short and then flip long at 1580. I'm planning on buying some SPY calls if ES gets near 1580 tomorrow or Friday intraday.