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You shoulda been a lawyer. Of course technically what you say is true, but no one would think of it that way. Anyway, my only dog in this scuffle is the contention that GDP hasn't gone down yet. In real terms, for at least one quarter, it has. In fact, it was happening in the very time period...

I have no rep, so I'll just say I have no idea what you mean by the diff between reduction in GDP rather than negative GDP. Given that, the following comes from the St Louis Fed, because I had just finished reading how GDP had fallen in the 4th quarter when I read the last couple pages of this...

GDX did a couple of minor breaks below 25.30, but is now chugging towards 26. Looks good.

I trade GDX & that's in the process of testing the 25.30 low made on Oct 6 right now. Should be interesting...

The fix was in when they trashed the preferred shareholders of Fannie and Freddie. Prior to the takeover everyone was figuring they wouldn't beat up on the preferreds, because so many banks held them, first, and second, it would make issuing preferreds to recapitalize more expensive. Note this...

Evidence?

War debts: Civil War: 1860: 64,842,287.88 1865: 2,680,647,869.74 Percent increase: 4,034% Source: <a href="http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo2.htm">Debt to the Penny History 1850-1899</a> WWII: 1940: 42,967,531,037.68...

So will an 8 buck short limit order. It's the unhedged drawdown on either of these that might do you in.

Rinse? As in, if you don't get 'em in the wash, catch 'em in the rinse.

Arguing with PP and Triple A is an exercise in futility. If either one hit a post, it would be a meeting of the minds. Obama won for the same reason that Ron Paul attracted attention far beyond his ability to coax votes out of the power-loving Neanderthals of the Republican Party: he was...

Markups are coming for everyone. We're probably in the middle of discounting that now. Not something to stand in the way of, for sure. At some point the process will be over, and the reality of low post-crisis loan and deal volumes will set in. Not quite yet though.

Look, I'll say this again: it's a magnificent trading vehicle. As of right now, as I figured it would be, it's in a mild uptrend. Where will it stop? The range on a closing basis for the move down that preceded this most recent mini-rally is 36.11 to 47.52. One third, which is pretty...

LEH is a beautiful trading vehicle precisely because these kinds of rumors swirl around it from time to time. They're much smarter than anyone gives them credit for, though, which is good, because I'd have to build a small monument to them in my backyard if they ever bit the dust. It's setting...

Day before Memorial Day is usually pretty bullish. Nice trade.

...and that a country's share of OPEC output is regulated by the amount of their reserves. Which gives all OPEC countries a vested interest in INFLATING their reserves.

Based on market action so far, I'd have to say you're correct. Citi just announced the "surprise" loss via a 3b stock offering, after having said they didn't need any more capital. Meantime, gold has gone down way too fast. Which means once the Fed announces, it'll spike higher. Which means...

Setup for a sharp break to the downside this week is nearly perfect. Doesn't mean it will happen, but the odds are about as strongly in its favor as it gets.

IMO, the USD crisis has peaked, and the euro crisis hasn't started yet. So, 800 first, but a good chance for 1000 by EOY.

GDX, which more or less tracks the HUI, the Amex Gold Bugs Index. My rule of thumb is that the HUI will move by more or less the same number of points that gold moves in dollars, and GDX will move one-tenth of that, since it's about one-tenth the HUI. In percentage terms, this means it will be...

Click on "Percent Change from a Year Ago." Note under which Fed President and which President of the US this shot up the most. 'Nuff said.