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Yeah right.

Yeah! Roll that dice! Can I play too? :D

Certainly possible. But I think Ireland will be the first go since it started violating many EU laws. But yes, this is a very possible senario. Bring back the DM!! :)

Sorry to hear that Cutten. Just be patient and wait. For those who have cash (and there aren't that many out there) there will be plenty of time to make a fortune after the dust settles.

What does a GM Bond yield these days?

Are you crazy? There is no way to trade this thing right now (leveraged). Unless you trade without a stop.

Look at current P/E levels and then come back to me. THESE ARE NOT BARGAIN PRICES!

Another very successful trend follower, no doubt. :p

Actually, I'm dead serious. :(

Currently -75000 :mad: Should I bail? :(

Thanks bRo so you basically just subtract the two manually depending on the pair?

Possible, but it's very hard to say. The bottom in 2003 came about when interest rates were at 1% and credit markets were beyond being too lax. All that money flowed into the markets. At that time the P/E was > 20! (i.e. even after the sell-off) The entire rally from 2003 - 2007 was a scam...

Do you really think you will get rich in the long run by picking bottoms? Look at a long term chart of the SP500 and be honest with yourself: How many of those bottoms could you have picked sucessfully? You get rich through compounding over time, not picking bottoms. A friend of mine (boomer...

IB doesn't seem to list swap rates for each currency pair, but rather just the rates for individual currencies. http://www.interactivebrokers.com/en/accounts/fees/interest.php?ib_entity=llc Do I simply subtract them to obtain the swap, or is there a list I'm missing.

Very true. Would act as a great number generator for slot machines. :p

Will try and answer. Basically, the move is caused by the EUR strengthening against the USD, while the AUD is weakening against the USD. So the move is amplified as the EUR and AUD rip apart with the USD in the middle. These moves are rare, since the EUR/USD and the AUD/USD usually correlate...

This is 2008, son.

No. It can't go to zero, but it can go down far enough that you'd be waiting years to break even.

Please explain. The DOW just closed on very low volume.

What is the underlying psychology behind this?