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Glassman must have meant Dow 3,600.

No.

Wait till Nikkei crosses under Dow and make the headlines. That should give some "long-term" investors a pause.

N.'s great returns and subsequent wipeouts are two sides of same coin - excessive leverage. His (mis)use of statistics makes him a poster boy for Gambler's Fallacy. That said, I may buy N.'s book anyway hoping to benefit from his considerable experience and insight.

With the U.S. current account deficit approaching $500B/year (http://www.clevelandfed.org/research/ETCurrent/Current/curracc.pdf), the Fed can not afford to raise rates to support the greenback and stem capital outflows. At the same time, the Fed has precious little room for rate cuts to...

Ranking Scottrade above IB is a joke. IB scored 3.0 for its range of offerings. Give me a break.... I can trade stocks, options, futures, currencies from a single account. optionsXpress is superior to IB only for those who have a sizeable cash (i.e. IRA) account and primarily trade...

It's not just the U.S. economy that is in trouble, Europe's and Japan's are even in worse shape... War clouds are gathering on the horizon... The Fed has lost control over the monetary policy.... The historic is repeating itself, and most people are still in denial piling on debt as if...

I agree. The number of wins vs. losses is irrelevant. It is possible to have a win/loss ratio of 10 and still lose money over the long haul.

Exits do not exist in a vacuum, and can not be separated from setups and entries. All three are only meaningful in the context of a system.

We may have a long way to go, but we are on the right track.

Heard on Bloomberg TV that program trading accounts for 47% of the volume.

He...He...He... Just a few weeks South Koreans sneered that the U.S. might be getting emotional over NK nukes. We ought to let the bastards defend themselves. <blockquote> S Korea jibs at hawkish US talk SOUTH Korea's ruling party said yesterday it feared Washington might be getting...

What international law?

First the October surprise, now this... Further proof that the dems are ideologically bankrupt. :mad:

We could put drug dealers out of business by legalizing certain drugs such as pot and coke. These used to be legal in America and somehow we did not become a nation of junkies.

If on the expiration day the stock closes @ 15. you lose ~29% of you capital. :eek:

I don't care if our enemies are motivated by religion, politics, or some perverse third-world mores. If the bastards attack us, they must die.

Short: 2-4 weeks out, held till expiration, only on stocks/ETF's that I would not mind buying (shorting) at the strike. Long: a few minutes to a few days

Note that 770 is a 50% Fib retracement off the all-time high. The next next Fib support is around 650...

Since the war is going to begin with spectacular bombing raids with few casualties on our side, the market is bound to rally. Whether the or not the rally will have legs depends on the terrorists' ability to respond with attacks against U.S. interests at home and abroad.