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I think what happened was what usually happens: 1)People assumed the trend would last forever OR 2)People assumed that the trend would slowly and visibly reverse itself, thus allowing plenty of time to "unwind" (or it could extend into greater fool theory...)

FFH will be either 290 or 270 by the end of the day today(it closed 322 yesterday. (slight chance it could make another hanging man but I doubt it)

I see there are some libertarians here. Fed kept interest rates low and it did create conditions fertile for speculation BUT the speculation itself was done by private entities. It was not the fed that designed crazy financial instruments or approved people for mortgages they had no business...

Reagan tripled the national debt and eliminated the fairness doctrine which resulted in smooth talking demagogues taking over on talk radio. He did not drop the price of oil, it returned to sane levels after the embargo ended. Soviet Union overextended itself in Afghanistan (Invasion happened...

Tulip Mania was also an expression of Laissez-faire, did not work out too well did it? Collective delusions create massive economic damage in order to prevent bubbles you need someone proactive at the fed or an equivalent institution.

Since you are desperately trying to be an asshole here, in order for me to negate someone else's absolute belief I had to use the phrase "I don't believe" I myself did not specify an absolute but instead qualified it that it depends on who is running the show. I could care less what 99.9%...

I am not anti anyone, well scratch that, I am anti Bush anti Republicans anti Foxnews, anti Rush Limbaugh etc. It is laughable for Russia to flex its muscles right now when the reality here is that Russia's economy is smaller than that of France, Uk, Italy, Germany and I think even Brazil...

The operative phrase concerning empires is "overextend and die" One Empire is in the process of doing exactly that right now. Aparently Russian elites are flippingly stupid since they can't remember what happened to USSR and what is happening right now to USA.

I can't stand the guy (Milton Friedman) Blind faith in the private sector is what got us into this mess. I don't believe that anything managed by private sector is inherently superior to public sector. I think it is more dependent on a)People b) policies of those people

How about this for mechanics of collapse: China and Japan have traditionally been buying a lot of treasuries. But who can absorb more than $1 trillion in a short time period? Deficits are not only today's problem. Next year we will still have "victorious surge in iraq" costing $10 billion/month...

Deflation=DEATH. U.S was able to climb out of the depression because of a vast manufacturing base, self sufficiency in energy and people being responsible with money. Plus 20th century saw a never ending stream of inventions that boosted the economy tremendously. Nowadays we import majority...

I disagree completely. However, if you want deflation, it is very easy to cause. Forget about any bailouts and start raising interest rates decisively. Deflation would mean like 30+% unemployment and people looking in trash cans for food. It would be extremely difficult for US to recover from...

I think the current economic situation is like 10-20-life. Nobody is going to "walk". It is either deflation (the great depression ver. 2.0), high inflation 20%+ or hyper inflation (300%+ for example) There is not going to be any soft landings.

I have access to both tdameritrade and scottrade (although I only use ameritrade to actually trade) and I have to tell you that scottrade is absolute and total garbage. Poor quality charts, their screeners are so so. One minor thing that will highlight the differences immediately if you make a...

To some extent it (banning on selling derivatives) already occurred. Taken straight from tdameritrade site (my broker): "How do the temporary short selling rules on the 799 financial companies affect options trading? Option traders will not be able to initiate opening transactions on the 799...

Second chart is better for me. Same stock. Candlesticks have more "juice" and are more illustrative.

Systems are different. I use bigcharts.com and the bar chart is worthless there. Observe: (image 1) is barcharts image 2 is candlestick

I think the only reason to use OHLC instead of candlesticks is if you trade primarily (or exclusively) based on oscillators. OHLC is more compact. I find OHLC utterly worthless. Candlesticks show everything that OHLC does with the added benefit that you instantly see whether a particular day was...

Why short sell a stock? Buy a put or write a call.

This maybe a no brainer comment but best advice is to forget "buy on the dips". Frequently people in a bull market think they are so smart when they buy a stock when it stops falling and then subsequently goes up. That does not work in a bear market. Don't catch a falling knife.