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The sidebars about what the Dalai Lama is like, or who bought what for whom are all very interesting, I'm sure, if you have an agenda to pursue about what country x is doing to country y or something. As for Ron Paul, the first President of the US summed it up quite nicely when he was summing...

This period is approximately the same as the period from 1965 - 1975. During that time, the market was bound within a wide range for a long time, until finally it broke in 72 - 74. Volatility increased and then collapsed. I figure it'll be similar this time, for the same approximate reason: at...

McCain's chances actually look better every day. I had thought the Republicans wouldn't have a chance this year, but I'm beginning to think that's not the case. Obama's judgment, as noted, is seriously in question. I've read that Hillary needs to get two-thirds of the remaining votes to close...

I figure .75, but tomorrow will be up regardless, just because we're basically sold out, short-term. That'll be especially true if LEH reports poor numbers (they report before the open) and take the market down in the early going.

How many dollars per gallon would that be?

We are very very close to a bottom. Market's in a cold sweat, puking, and then putting its head up against the cold porcelain of the toilet, and then puking again. At some point this stops simply because you can't keep puking forever. We're close enough to that point that at minimum being...

Gold +22.2. March 2008 looking like an appropriate anniversary to March 1968 (break up of the London Gold Pool, first big break in Bretton Woods).

I had a strangle on LEH, fortunately, in anticipation of their earnings Tue morning. I figured there'd be fireworks. Sat down for my lunch at work, opened up my account, and said "Holy "sh*t". Believe it or not, both legs were in the green, but of course the down was green by a considerably...

oddi: precisely.

Rogers was right about one big thing in this cycle, that commodities would beat the crap out of stocks & bonds, and he was way right about that. But his moving to China shows that he's allowed his personal ideology to win out over his obviously strong analytical skills. One does not move from...

I've traded sectors forever. Gold, energy and tech are the most volatile. Utilities and REITs (obviously) are the least, but with exceptions. Some correlations are obvious: gold correlates negatively (though not always) with the SP 500. Some are less obvious: gold correlates positively with...

Way back when I started, I figured out that you can run with the trend, or fade it, and that there are times for one, and times for the other. The fade times are the times when those who don't research enough think the market is just chopping around aimlessly. This is not true. It's just...

This is a joke, right? 65,000 jobs doesn't even qualify as a rounding error. Total employment in the US is 140 million as of Feb 2008, that is, this morning's report. I won't even bother to calculate the percent that 65,000 is of 140 million. Between Obama's economic illiteracy and yours...

Stuff you didn't have 10 years ago: - Cell phone. - Hi-speed Internet. - Flat screen TV. - Cable w/DVR. - Multiple computers, at least one of which is a laptop. - Online trading account, and even if you had one ten years ago, it wasn't one with the ability to trade in multiple markets...

Almost, but not quite. Think 1968 and LBJ. Vietnam was a quagmire. Early in 1968 came Tet. These days, it's all the rage to point out that this was an overwhelming military victory, and it was. But this ignores the politics. At the end of 1967 the phrase on the lips of supporters of this war...

Government bureaucrats. If they had any talent, they wouldn't be.

Galatia: what's the data source for that graphic?

Or you could actually use your mind, and think logically: humans are closer to each other genetically than just about any other species. To quote: From http://news.bbc.co.uk/2/hi/science/nature/2975862.stm So, arguing that one socially defined group is inherently more violent than some...

Pa(b)st Prime: I am amazed that you are considered a respectable poster here. Every time I think this place can't get any lower, I stumble across something like this, and realize I haven't yet hit the bottom. It's redeemed by the high intelligence shown in the trading forums, of course, but I...

dozu888: Perfect post. These clowns can't seem to wrap this small concept around their inflated egos: Rome wasn't built in a day, but as anyone who bothered to read Gibbons understands, it didn't decline in a day either.