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Me too.

Obama is a leftist. You can call me full of crap all you want but it doesn't change the facts: 1. Obama pushed through a gigantic entitlement, Obamacare, full of bureaucratic bullshit. This is what leftists like. 2. Obama wants to give illegal immigrants amnesty. All the leftists want...

Default is inevitable, as the debt is unpayable. The only question is what form it takes: 1. Explicit default -- saying "Tough luck, sucker!" to anyone who bought a treasury bond and refusing the pay the interest and principal. 2. Implicit default -- paying the principal and interest...

I figure any true long term strengthening of the dollar is a physical impossibility at this point, with the understanding that by "strengthening" I mean that prices of real stuff come down, not strengthening compared to other currencies. (The dollar, euro, and yen are all being debased at...

Yes, I'm afraid that such coincidences do happen. They're more likely than that your broker was analyzing your trades, trying to decipher your strategy. Most brokers prefer to make their guaranteed money collecting commissions and leave the trading strategies to the gamblers.

While it is possible that brokers or other players will see your successful trades, decipher your trading strategy, and then run your trading system until the edge disappears, it is not necessary to assume that this is what happens. Most of the time if you come up with an edge it's the sort of...

Just how long do I have to hold something before it ceases to be a "trade" and becomes an "investment"? I've held gold since 2002 and haven't regretted it. Yes, gold was a lousy asset during the 80s and 90s, but damn few "investments" have had the 10 year bull run that gold has had.

What are you smoking? People who are long calls don't get dividends, people who are short calls don't pay them. If your stock is called away you don't owe any dividend. If it is called away after the ex dividend date you get the dividend. If it is called way before the ex dividend date the...

There is only one sure thing I know -- the government will always carry out actions that will make the gold price go up. It's not that the government cares what the gold price is, it's that the government loves to spend money it doesn't have, jump into wars that are none of our business, and in...

Oh God, that was funny. I haven't laughed so hard since Obama won the Nobel peace prize. (Remember that he is the guy who promised to get us out of Bush's wars.)

The short answer is that if it were easy everybody would be doing it. Most markets are zero sum games (or very close to zero sum) which means that anyone who is regularly pulling large amounts of money out of the markets is getting that money from somebody else, often retail traders like...

God forbid they should have to hire American citizens. Why should anyone here study engineering or computing when they know that at the first opportunity their employer will replace them with cheaper H-1b workers?

This is the best argument I've heard for not raising the debt ceiling. We've got to go cold turkey some time. If we are forced out of the stupid forever wars so much the better. Maybe they'll even zero out the budget of the TSA. (I can dream, can't I?)

Ho hum. This is how politics works in America: 1. A Democratic picks apart some Republican idea and shows how ridiculous it is. The Democrat is right, this is very easy to do. The Democrat says that this is why you should vote for Democrats. 2. A Republican picks apart some Democratic...

+1

Bingo. In real life Obama will never admit that Ron Paul is right.

Congress will be too gutless to impeach Obama unless he gets caught getting a blow job from an intern and then lies about it.

Commercials *are* hedgers. Your ignorance of futures is unbounded. What the heck are you doing posting at ET?

Sheer ignorance. By your reasoning, *every* commodity that has futures must be overpriced by a factor of 2 because in all cases the paper trading in futures and options greatly exceeds the physical supply. (Most of the futures trades are of course closed before delivery and offset each other.)...

What a load of turkey turds. Lots of people had informed the SEC that Madoff's outfit was dodgy, and the SEC ignored them. So now it's just going to make suspects of any hedge fund that actually earns its 2 and 20.