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Yup suddenly I am getting comments like, "they should hang the fuckers out to dry", "derivatives weapons of mass destruction" Instead of the usual "are you OK" i.e haven't you blown up yet!

They'll prise my mouse from my cold dead fingers. I'll still be trading when I am ninety if I can.

Go back and see what gold did in 1987, do me a favour this thing is for mugs who believe in the end of the world.

Classic stuff :D

Good point. By the way I have a problem with the idea that commodities are an "asset class" that a pension fund can just buy and hold, but at the end of the day if people want too buy oil at $145 thats should be their business.

Not yet. Wait

seems its tourists! :D http://www.reuters.com/article/bondsNews/idUSN1430134020080914?sp=true

Point Masters made was that these Index and Swap "speculators" were forced to buy as it went up and now as its going down they are forced to sell. Pretty clear to me then and now, that he was right. So much for the "delivery" argument. :p

the random number generator in Excel is crap search for ntrandom it will give you a decent generator for excel

@Risk But it only works with Excel and its not free.

I was wondering the same thing

This is the best answer to this question that I have ever read. Don't bother reading the rest of this thread this post is all anyone needs to know.

Around the time BSC blew up I noticed IBKR had traded down to $20. I am still pissed I wasn't around to pick any up at that level.

No I like it that IB is so strict, rather not have a Refco on my hands.

Why would any rational person buy oil for the long term at these levels. The effect on the global economy is massive if it goes to $200 watch equities collapse and inflation roar and then watch the demand destruction. The only people buying oil at these levels imho are people who plan to use...

http://www.aleablog.com/dow-jones-in-euros/

Where would you buy for the ultra long term 5yrs plus?

Its a great book. Thorpe ran a very successful hedge fund for years. I have the book but basically as a collectible. It describes how to short warrants and hedge with the underlying stock, any modern textbook on options will teach you the same, for far less. The book is so expensive...

Not sure if I understand so if it hits 1270, its all downhill from there?

You know it must piss oil bulls off no end everybody and their dog is trying to get this thing to come down.