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Hi, Can anyone enlighten me as to what caused the decade of inflation in the 70s? Obvs the gov raised interest rates in an effort to stem the issue, but what caused it originally and what made it persist? Looking at today's situation, I am convinced the gov needs to cause...

It was a roller coaster, pointed down most dramatically by the loss of purchasing power, i believe.

Yes piglet you raise a good point. I do expect there will be a lot of devaluation competition. Honestly I don't know what role that will play or what impact it will have. Still, I expect more of a 70s replay than anything. The purchasing power of the dollar will decline, which will have...

I'm sold on the weak dollar + inflation hypothesis. Its not that complicated. Put yourself in the shoes of the Fed and the gov and ask what you would do? Would you let housing continue to decline, banks falter as a result, and risk depression? Or would you do anything you possibly can to...

Plan to try and get long again around 1050 on the S&P. Hope to see that kind of dip going into earnings season...

WHY

I would be willing to watch it for you, on a temporary basis. It will be safe.

Gotta say I have never actively traded in a market this boring. Hasn't been too bad for swing trading but like watching paint drying on a daily basis.

I liquidated my entire portfolio over the last two days with the exception of one position AND some put hedges i had for previous positions (just a bit). The one position i am continuing to hold is DNDN. Been dead money for a while but i know just when i sell it something will happen...

No kidding! I'm feeling pretty good about getting out at that price. Of course, the whole thing could melt up tomorrow leaving me chagrined, but i doubt it. This is some damn strange market action these days. I feel really good about finally being out of that ES position. It feels...

OK i got an itchy trigger finger. Sold my entire ES position this morning at 1127.50. I think there may be 7 or 8 more points to be had, but maybe not. Seven straight up days, only a couple of days left before year end. I wouldn't be surprised to see others do some selling the last couple of...

ES is at 1128 this morning. I had 1135 targeted as an exit for a position trade i've been holding since late October. I may take part off the table at 1130 (ive been holding three contracts)....just kind of eager to get out before next week....not sure what the dynamic will be and would...

I bought GMCR at $64 recently, and just sold my position yesterday at $77. Was kind of hard to sell, and then I missed almost an extra buck by late in the day....but it just seemed like too much appreciation too quickly on no news. My position was hedged with Jan puts -- I have some $70s...

I'm not desperate for anything to continue. As soon as there is a reason to go short, I will. That reason is most likely either going to be some sort of sovereign default, or more likely a bad earnings season. However, the market isn't just going to organically start to decline for no good...

So tired of people talking about the "imminent dump" right around the corner. There will not be any meaningful selling - PERIOD -- until there is a meaningful reason to do so. Here are the possibilities to start that process: 1) Significant sovereign defaults (Greece, Eastern...

Shortie- You're right that there were pullbacks after each new high, but what you didn't pay attention to is that each new high was about 1.5% 2 % above the previous high before the pullback occurred. This is why i'm looking for about 1140 on the S&P before any pullback occurs. I'll be...

I have an exit target of 1135 for an ES position trade i'v been holding since the end of October. I'm quite hoping we hit that next week so i can GTFO and be relatively flat going into January. The market seems to be heading to new highs and 1135 (1140 on the index) seems to be where we...

My resolution is to stop overtrading and on a related note to have more patience to let certain strategic trades play out. For the last two years that fault has been the different between being flat both years instead of being up monstrously.

My 2009 performance is abysmal....I believe i'm currently even and hoping for a positive bump the last couple of weeks here. Not holding my breath though. I am pretty much flat over two years in my trading account. Except in my 401k, i'm up 50% or something this year. Cashed it all...

maybe people are really silly though...the most likely situation, looking at things from a historical perspective, is for a normal business cycle to play out....one where we see the markets continue to appreciate until interest rates start being raised. SO far its been textbook...i don't...