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Just wondering what the consensus is among ETers. Is having a fiduciary money system a bad thing or a good thing? It seems from the above quotes that Gspan was against it in his earlier years. Is the creation of money by requiring only a fractional reserve damaging, or does it allow for...

99.9% of America has large amounts of legal minimum wage (or close to minimum wage) workers. Only places such as Beverly Hills, Malibu Beach, or the Hamptons lack this demographic. It's not a matter of willingness, but of necessity. Minimum wage is better than no wage. A large number of...

That's too bad. :( I wanted to follow along with your journey. I appreciate those willing to put their money where their mouth is and create learning environments for newbies, allowing some of us who are more experienced to throw in our evaluation of a recommended trade. Good...

First off, I haven't insulted you for your opinion. And yours isn't any more correct than mine. Second, I didn't say to get rid of them. I said that they are all welcome if they work legally and participate legally in society. I made it very clear that I am pro-globalization. An...

Even though your lack of puctuation makes it very difficult to read/understand. Illegals in most circumstances ARE "fairly" compensated right now. I live in an area with many illegals, and most make quite a bit more than minimum wage. Even those who shovel manure at the dairy farms make...

I don't wish to pass judgement on any particular advisory without knowing their strategy, but I do have personal experience with the above situation. It is common in the options world for an advisory to jump on a wave (right now energy seems to be one of the big ones) and end up over-leveraged...

The notion that banning illegal immigrants would cause the economy to collapse is ridiculous. We don't depend on them for the progression of our economy. They are mearly filling jobs that others would fill if they weren't there. It's frustrating when people try to make a case for allowing...

Could be that they are using the long LEAPS by selling front month ATM calls against them when they are short term bearish on a long term neutral/bullish ticker. But I'm not familiar with their strategy.

Wow rally, you're hot!!! LOL:D

All in favor of SPX staying stuck in this 1295-1310 range for the next couple months, raise you hand and say "I".:)

On a similar note, I see MRVL pulling back to 56-57ish. AMD getting stuck on that 20SMA as usual. A drop below 32 is bad news for them until that 200SMA.

Back to 67 first, stalling there for a few days, then continuing down to 64. Then I think 64 is a good place for a bull put.

It's true, the nation is becoming increasingly employed. It seems kind of stupid that a decrease in the unemployment rate causes a drop in the market, when ultimately it results in higher GDP. I think the big inflation fears are in the CPI and hourly wage increases. It's not bad for more...

Thing is, I've been waiting for the selloff too, given that I have been -delta for a while now. But every time there was a dip, it would be followed by a rally. I was starting to get the idea that the bulls were gaining control. Yesterday one of the Fed bank Presidents says that rate hikes...

Completely agree!!!!! Great engineering.

Hmm.... what's holding the market back? During the last couple days the bulls should have gotten all the good news that they need to start a big rally.:confused:

I agree... And thanks for taking one for the team.:D

First off, I want to make it clear that I'm switzerland on this one. I'm not for it or against it. I'd like to note that one of my first points was that historically a big event only causes an immediate 15-point jump. This is why I was saying that at the present time, buying MAY 15 or 17.5...

LOL :D

Good point. That is why I was saying earlier that this hedge is much more enticing right now, given the fact that VIX is likely to increase somewhat anyway.