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Hang gliding in a hurricane may be fun for some. I'll take a pass, and keep working on my storm shelter, thanks very much.

Two parts to this clusterfuck. One, the potential energy accumulated by 40+ years trying to borrow our way out of debt set the stage. Two, numerous (not one, many) kinetic triggers released and channelled that energy destructively. Of these triggers, at least one is addressable...

The truth is...IMO...that yesterday, in between microsecond print points, the system came very close to Dow = 0.0 yesterday. You didn't see that, instead you saw a few stocks as low as $0.0001 per share, SOLELY because the automated buys kicked in about the same time as Greek police kicked...

Anytime. Got to tell you though, it is damn frustrating to have sat thru this, minute by minute, in multi-screen realtime, live video feed from Greece beside DJIA quotes, knowing damn well what happened, and why, and then listen to supposed experts claiming mistaken trades, computer...

Larry's mostly right, just a little bit slow getting it into print. I said about the same thing an hour earlier, here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=198080&perpage=6&pagenumber=6 Said it hours earlier elsewhere, links on request. He's wrong in saying there was...

Ok, I'm in. If Asia stays flat, and EU opens flat to down 3-5%, US opens flat to down 4% and holds there, until something major happens in Greece, Germany or GB. Unless Obama recognizes the new systemic vulnerability today exposed and doesn't allow the markets to open at all. In that...

The world here is alive and kicking. If the question is "How will the markets react just BEFORE the end of the world?", or "How will the markets react while the world is deciding if it will recover or collapse?", the answer can be as simple as one word. Volatility. Extreme volatility...

I think this partial do-over is a response to delayed trade executions brought on by system overload. Oh man...we already had the burnt about to howl like singed cats, as the drop triggered stops but the instant re-flation left the losers out in the cold, now we have...no...not a complete...

No mistake. At 1400 EST, I was watching the crowd in front of the Greek Parliament building, live, on an internet feed, as the result of a posting at a discussion forum I frequent. We were discussing the bottles being thrown, then the "bravery" of individual protestors who were entering the...

WSJ's website hoses every browser and computer I own. Lockups, crashes, blue screens, you name it. Buggiest code I've ever seen. I cancelled my subscription and never looked back.

If it passes, while they are patting themselves on the back Monday morning, I'm going to be cashing out of the system. Once the IRS has legal authority to debit my accounts at will, part of the new bill largely ignored by the media, I don't want to play on their field anymore. I'm just...

If dislocation occurs to the point the grid goes down, or welfare payments stop, the first thing to happen will be the looting of the urban areas. Concurrently, the city boys will be punked, and the women...abused...while the cops hole up in fortress police stations, ala the King riots in LA...

Interesting. You use advice from an Argentinian blogger to rebut my stance on this subject, without ever realizing that Ferfal is a long time internet acquaintence of mine, and that we've jointly participated in hundreds or thousands of discussions on this very subject. Most of what's posted...

There's the money quote right there. The purpose of preparing for rainy days is so you can sleep on quiet nights. If you're preparations do not ease your mind, but make stress worse, you are approaching it wrong. I've been prepping for about a decade now, but have been shooting all my life...

Sorry Lojanica, I didn't see this until Dr. Pepper quoted it. I'm not sure how to answer this, without writing another book length post. Bare bones: Eagle Scout in the 1970s, born to a family of hillbilly rocket scientists, read 950 wpm, near 100% retension, and I like to solve puzzles...

Took a crash course in Great Depression Era Economics late last year, around 20 textbooks worth. The thing that stood out the most, for me, was that in the chaos of economic strife, nobody seemed to see the clouds of WWII gathering. Back any animal into the corner and it will fight to...

Better keep some of that Guard in reserve. Word on the streets sez you may need to put a perimeter around Austin.

Nice read of the best case scenario. I agree. But "the herd" is nervous, looking at a lot of different worries depending on who and where they live. It will take much less now to spook them into stampede than it would in 2005, for example. Specifically, I worry about: 1. Bank runs and...

This is farm country. Every house I drive by has one or more fuel tanks outside. On the flip side, of the neighbors I know well, at least half their tanks rtemain dry and empty, year round. They have the same worries I do. I saved a lot of money last summer when gasoline prices went up...

A search online will turn up numerous propane conversion kits, especially for Briggs and Stratton powered gensets. Upgrading my tank from 500 to 1000 gallons was supposed to cost me $100 for removing the old tank and setting the new one, but they liked me filling the new one up all at once so...