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I also call it American stupidity. Why not just raise taxes by 1-2% and have free healthcare for all like France, Canada, UK, Germany etc. Another stupidity is obsession with quality. That is why per capita US healthcare costs are the highest in the world.

Dude thought $5 increase in prices in one day will net him and partner in crime a cool $2-3 million each. In a hurry, the cocky smarty con forgot to do the technical analysis. :D :cool: :) ps: real men get their women by own personal self, the halfcocks try to buy them with money.

If the bollinger bands are in a squeeze like pattern i.e. sideways price movement for some time then usually the breakout is fairly explosive and at times results in price gap. As to which day and which direction this gap will occur is little tough to predict. One thing I have learned...

I see a major niche in busting the current format of college education which can be one of the major debt events for both parents and kids. Until and unless one is very bright and outstanding, common middle class teenager should plan to detour from the 4 year college highway. Regarding...

The last sentence about Joneses could not be more well said. Credit card max lifestyle has become a fashion as if keeping money in the bank is an outright sin. 2008 crash anyone? :D :) :cool:

Will read the article later.............. however a house paid off, kids through the college, a decent pension and $500K in savings................you are talking about lots of winners! I would say good 10-20% of US population. :D :cool: :)

Sweet darlings were pulling an arbitrage trade on different gold prices in different markets..........guess they arbitraged their lives for few years in jail. Guess they overlooked the risk and reward and trade management issues :D :D :D :D :D :D :D :D :D

Would agree partially. Reading books and lots of screen time both backtesting and real time is the way to learn about markets. A good chart reader can have a two second look at the charts and get a decent sense of what is going on. :D :) :cool:

No Sir! Good trading requires 10 hours a day of dedication to the Markets. You don't pull a trade and hit the golf course. Give markets 50 hours a week and keep healthy lifestyle on the side. Market WILL return the favors. ps: also do not do 80 hours a week as that will get your mind...

This was in 1990s, SBA had a statistics of 50% of new small businesses ending up failing. Buying an already successful business? It works better if you know how to add value, revenue and cash flow to it in the future.

Btw, long time ago I read somewhere that George Soros hedge fund had a steller year and the first year analysts ended up making......................not 600K but $6M for the year. Such outlier data tend to shade up the real picture. 1 analyst at Soros fund makes $6M.......10 analysts at...

The investment banker case in that story had most of his money going to rent in manhattan and two kids in private schools. how much is rent in brooklyn for one bedroom apartment? $1500 or more? that's too much for $40K guy. would like to be involved in NYC but not live there. traffic...

That was my first thought also, same as Detroit and New Orleans. However, Atalanta, GA is thriving and it is also black majority. Drastic need of culture needed in some demographics of the US.

Making money in the downturn while doing fundamental and taking only long positions............... very very tough and more so when dealing with a large portfolio and risk parameters are always tapping you on the head for caution. :D :D :D

200K in NYC is like 70-80K in Des Moines. Much much more stress in daily life too. There was a thread on ET which said 300K in Manhattan was having tough time making ends meet. Go figure !!

#1 cause of family bankruptcy in America is related to sudden medical costs. Lack of free healthcare is outright EVIL for any country in the world. Worst in America to get a pair of stitches for a kid hurt on playground.........it can cost good $200 to $2000. That is outright NONSENSE...

You might be right partially but then government is also trying to protect the kids of these single moms from falling into further misery and landing on streets as criminals etc. In third world countries, poor kids are often thrown into slavery like situation to beg and steal on streets. 95%...

Not #1 reason, but probably one of the top ten reasons. Welfare culture has to be severely corrected. Even South American illegals fare better than the locals while still finding funds to send back home. How come these illegals find the jobs with low pay and no benefits? Because...

I would modify Tao's explain a little bit: Majority of Black folks easily slip into the welfare system rather than do small jobs that even pay minimum wage. The net earnings of even minimum wage are sure to be atleast double to that of welfare. This means economic consumption and tax...

There is some truth to your statement on point 1. Black majority cities tend to fare badly economically. Wonder why? However, democrats are usually good for the economy and stock markets, especially the centrist kind. :D :cool: :)