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This is easily the stupidest clip I've seen on fox. And Elite Trader really is full of anti-intellectual, tin foil hat wearing morons. There are some bright posters, but jeez...how could you even acknowledge something like this? This guy is so hysterical and uneducated in his reasoning...

My generation is far more ambitious than the boomers. My university use would let almost anybody enroll 30 years ago. Now the average SAT is around 1400/1600. Look at entrance stats for any college. Kids are killing themselves in high school these days. Especially look at our increased...

I have at least a couple of friends blessed with nothing other than a bad-boy attitude and some serious game that regularly land babes. These guys are often supported by women. On the other hand, I've been to parties in NYC where a group of bulge bracket i-bankers awkwardly converse amongst...

I think middle office should be compensated as well, if not better than front office. Risk managers have the pay off profile of a short put. Paid the same, and even chastised by risk seeking traders, for properly managing risk. Shit hits the fan and their blamed. They should be focusing on...

Just an aside: I really hate when people flaunt the fact that they majored in economics in undergrad. I have a B.A. in economics from a top school. You know what? All I know is how incredibly little I really know. Classical economics is mostly bullshit consisting of archaic theories built...

Ayn Rand is for little kids. I'm 23 and have already grown out of that shit. Ayn Rand is to philosophy what Scientology is to religion. As far as applications to economics, game theory pretty much refutes the so-called "virtue of selfishness." Non-cooperation often leads to a lower...

Um, Linkedin keeps my family from starving to death. It's how my dad finds consulting leads and how I find potential job leads in this sh!t hole of an economy.

Pure math at a top school is an incredibly difficult major. Engineering can be passed at a mediocre school if you work hard enough. You can work as hard as you want at pure math at a top 10 school, and still not pass because it's so cognitively demanding.

Ruby Tuesday (RT) Garbage company. Their balance sheet is a mess, but you don't need to be a CPA to realize their business is going down the shitter. They serve overpriced, garbage quality food in lower middle class strip mall areas, i.e. a very price sensitive segment. All the people that...

nah, see I finished my big term paper on November 21st...that means the markets gonna crash...also cuz of how big the moon is... seriously, you guys need to learn basic econometrics so you don't become so gullible.

^I disagree. Youngtrader is probably smart enough not to extrapolate the past into the future. 100k/with certainty is not the same thing as Expected 100k return with unknown variance. This is not to discourage trading; quite the opposite. But having that stop loss on your life is key. You do...

In any case, this nonsense about hyperinflation is total garbage. Were about to hit a god damn liquidity trap and these nutters are worried about inflation. All the liquidity injected into banks is being used to shore up their balance sheets, none of it's being lent. When the money...

Learn how to write. Trust me, you could never get into a prestigious school with your writing ability.

Market returns are generally higher under democrats. Obama's economic advisers are all defenders of capitalism. Calm down.

I cannot imagine GS going under. I think their internal prop trading will make money off this volatility...maybe enough to survive.

Oil cannot be a true bubble. The price of oil is volatile. That is all. I am an oil bull in the long run. In the short run, no idea. I do not think you guys know either.

I think Canada could have the highest GDP per capita in the world in some time...if they get over the Seperatist B.S. and stop their protectionism. Why do I bring up Canada in a discussion about the states? Because Canada is better positioned as a developed country in a free trading world...

The taylor rule. Predcits interest rate targets 96% of the time, all of the time.

I think these are stupid, but here it is... Long small cap value (russel 1000 to track) and high quality large cap financials (UYG to play it). Short overvalued large cap momos (RIMM, MOS, GOOG).

I'm short COF. i have not played V or MA, mostly out of analysis paralysis. I'm long UYG, short COF: Has to do with expectations: sentiment for financials is already extremely bearish. Capitulation is to be expected. But some transparency is returning, CDOs are being sold off balance...