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Five years ago, the expected crisis in health care costs for the economy were 8 times worse than the pension costs. I am sure the numbers are worse today. Socialism is dead. Someone has to start putting wood on the fire!

"Merril Lynch is the gift that just keeps on giving." Bone - LOL Good one!

Great answer wrbtrader. Talking with other traders is tough since I don't need disciples. The really good traders don't need me. The game is competitive and thus doesn't lead easily to detailed discussion. I once started out to find a few good traders and ended up finding that I was it for...

About 7 years ago, I would have said something similar to lindq. Today I know for sure that one can trade large amounts without fear or anxiety or hope or any such emotions. You don't need to deal with it, study it, control it, NLP it or anything else it. Best is to simply just not to...

You are both the prisoner and the warden. Only you can free yourself. No one outside can. Apply the book The power of now; and you can get free no matter what depth you are in. There are better books to help as well.

One alternative is to raise taxes by a 5% surtax on the rich. To keep things fair, all workers could be taxed 5% of their wages as well for that surtax. Wages have to compete worldwide now and your politicians and journalists know that. Organized labor has been allowed to run rampant since...

"Any ET members fit that description?" Yes, I think I vaguely remember one person writing in who was a little bit humble. LOL Seriously, I can tell by some of the comments made, that many seem to have no clue about the real world of trading/investing.

What is next after social (ism) democracy fails? Who would trade if there were a tax on the winners to pay the losses of the winners? Does such a game even make sense? Why trade then? Riots in the UK are a symptom of the realization that the dream of moving from lower class to upper class...

Jayre: Don't be too discouraged. Almost all serious traders have had lessons of one sort or another. The trick is to never be too hurt by one lesson and to pick yourself up after figuring out what went wrong and continue on. Serious traders will not make fun of your lessons because they...

Great video, thanks for posting it. I studied HFT a little a couple of years ago to understand the impact on my trading. My conclusion is that there is almost no impact to me since I rarely place a stock order over 5000 shares per trade. It is more important to me to simply trade well and HFT...

Excellent comments intradaybill. You have mentioned one of three things that I have reasoned out about inflation and deflation that are rarely mentioned in the many writings. I am still trying to work out the most likely scenario but it is a shifting dynamic and hard to do when some of the...

Good news though, arbitrage works in your favor! You want it. It is part of market efficiency.

In my view, it has never ever been about getting the correct answer. They don't really want to know the downside of their strategies.

I agree with what you said. Does your broker?

"If the $75 call is more expensive then the $65 call that would create arbirtage, wouldn't it?" Only if you can get filled on both sides. Not every quote you see is the correct price at the time you see it. In the HFT world, many things are not as they seem.

Just curious. What do you mean by an obviously distorted market and to whom is it obvious that it is distorted? One person's distortion time is another person's trade window. Arguing that you are right and the broker is wrong may get you some satisfaction but will not help you learn or...

I have seen all sorts of odd things occur in the markets so almost anything could happen. Usually the first response of the help desk is prove it. I have taken to capturing pictures with word and emailing them in. I was watching SPY Sept 110 options all this week and was trading naked short...

I had the same dilemma 30 years ago. I chose not to get my MBA and worked very hard until 50 when I retired. At 43, I took some specialized training to update my technical skills and kept a spreadsheet of forgone earnings versus higher pay on new skills and truly earned back my investment in...

"there are no legal lemonade stands (across the country) where kids can sell lemonade." Yet another example of a corporate giveaway like the corporate jet deduction. Most of these kids pay no tax at all!

Any word on what he is doing with his own money right now? Selling, holding, or buying? I find it odd that he would complain that they made an error, and then immediately try to pin the downgrade on the congress. If there is no error then wouldn't a better method be to simply tell the press...