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I am no Christian and believe in equal rights for all which means I believe that people should be able to marry who they want under the US constitution. However, how can any intelligent person not realize that homosexuality is a genetic disorder. Certainly it is not a choice and gays should not...

:D Well, at least you can laugh about it so you are ahead of most people. Some of the guys I know are so depressed due to their paper money losses and yet their (upper class) lifestyle is pretty much intact, kind of pathetic.

I stopped listening to Howard Stearn over 10 years ago but I recall that he was talking about F U money back them. I understood it to mean the amount of money you need to have to be able to say F U to your boss/clients because even if you lose your job/clients you will be more than OK. Basically...

Thanks Libertad. Here' the latest from Mr Mortgage: http://www.fieldcheckgroup.com/2009/06/04/6-5-beware-real-estate-false-bottoms/

What a stark contrast between someone with a can do attitude and someone who can only find excuses. Everyone can find reason's why they can't do something, even seemingly real ones, and yet despite the odds (far longer odds than you or most people are ever likely to experience) people succeed...

Could be he is looking at what opportunities he will have when his term ends given that he may not be reappointed. Trying to retain or regain a shred of credibility before he leaves office will probably help, especially when the much vaunted green shoots wither and die.

You have made some very good macro calls, no question (though I would argue that Cutten's Yen call was perhaps one of the best trades I have seen posted on ET) and I too appreciate the articles you post. If I recall you have said that you don't trade in the sense that most on ET mean when they...

Could it be that low wage work is what most of them are qualified for, they just got lucky for a while and rode the gravvy train while it lasted. The smart ones realized this and saved.

You do realize that the FDIC has a $500 Billion LOC right, and that if any serious shit were to go down it would essentially be an unlimited line. As far as C and BAC going under it may happen if the political climate changes and they can't come up with ways of hiding/deferring the losses but...

Exaggerating may get you headlines and TV time but it doesn't do much for your credibility.

Safe to go in the pool after 50% of the sharks have been removed?

I know it isn't sexy but I try and always be hedged (sometimes too creatively which can be a problem). The only times I have really been hurt have been when greed/ego won out and positions were left uncovered.

You started with: "But, just one of them could take one third of their fortune and make every man, woman and child in the United States a millionaire." Now you post the nonsense about the top 17, and you are still off by a factor of around 1000. And yet you state your opinions with such...

http://www.time.com/time/business/article/0,8599,1901718,00.html

You mean the US is going to turn in to Europe :D

Little off in your math, and pretty much everything else for that matter.

Are you from the Magnolia State? :)

I agree, from a trading perspective it makes a lot of sense to look at things in that way so that one's macro bias doesn't overwhelm other aspects of trade management especially as timing on this next leg down will be as tricky as it was for the 1st leg down (sitting awash with EEM puts for the...

True, but reflexivity also talks about perception of reality and how that can be at odds with the fundamentals and how the greatest trading opportunities lie at the point where perception and reality diverge. We had that in 2007 where perception of reality diverged from what was really going on...

The option arms will be the most devastating. What is interesting is that now, despite the lower rate refis and the foreclosures that have already transpired and the relative reprieve in reset activity of the last few months the number of mortgages that are 30/60/90 days behind are at a...