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You're probably right. I've got a short-term sell on, which just means I bought some cheap puts today to hedge against a decline, which came in handy, and may come in handy in the early portion of next week. But I expect to be out of them by the middle of next week, and in my longer term...

...to be bought into. I said it before (you can look it up) and I'll say it again: they were looking to start this year with a big drop they could buy into, and that's what has happened. I intend to buy into this with everything I've got in my long term accounts. Market is cheap relative to...

Fed meets on the 29th and 30th. 50 guaranteed, and who knows? 75 may not be out of the question. Why has to do with politics: the Fed likes to at least appear to be neutral, and if they think they need to do, let's say, a full point of easing this year, they're going to want to do it before...

First time that market's trading this year. Just catching up, as it were. Is there any excuse for posting something this stupid on a forum that allegedly caters to Elite Traders?

Best fade of the year and we haven't even finished the first trading day.

I don't know about specific levels, but I'm pretty sure they're going to smoke it in the chest at some point in the first five trading days. But after that, it'll be off to the races. The idea is to make ye average individual investor get into a fetal position, weeping uncontrollably, and then...

What's missing here is both a global and a historical perspective. As long as China and the rest of the Asian CB's buy up dollar-denominated assets, the Fed will have to keep rates lower than would be necessary, in times of recession, to keep the economy spiraling into a depression like the...

As the other poster already pointed out, there are no impediments to doing whatever it is you're claiming in some other country, including China. If someone knew how to do this in 1973, believe me someone else would have figured out some other way in the 35+ years since then, and gotten around...

Innovation at work. Case closed.

How does AMD make competing processors in that case?

Nice bit of obfuscation there. Confining ourselves to what is actually relevant, according to you, which would be this last patent, it would have expired in 1990, since at that time patents were granted for 17 years. So, if you think this would do it, you or anyone else are perfectly free to do...

Show me the patent, and who owns it.

Hmm. You say you believe in a free market, but your principal complaint about how drugmakers use patents is that it benefits their shareholders, executives and corporate coffers? Huh?

You're probably right. Also, spectre's analysis is what I'm seeing all around: everyone is trying to figure out what to buy for the January bounce. Not a good thing to observe at all, from a long POV. I'm pretty sure I'm going into the first week of Jan net short.

optioncoach is giving the best advice; this was a huge position to put on on a single security, options-wise. As for my own earlier advice, forget it. Unfortunately, everything I see is pointing to a very sharp decline at some point soon. Doesn't mean it's going to happen, as I've been wrong...

I can honestly say I've never had this thought before: for some people, literacy is dangerous. Seriously, TM, get out and live a little. Among the things you'll find out: people don't do things that are against their own economic interests. And, if something like what you say exists actually...

Well then, you misunderstood. My point was simply that if patents were standing in the way, periods of sustained high productivity would be impossible. The US has higher rates of productivity growth than most other industrialized countries, after all. How you square that with an allegedly...

Is it your contention that the low productivity of the seventies to the late Nineties was caused by the patent system? If so, please explain how.

If patents were the kind of awful scheme you claim it is, it would show up in the stifling of innovation in this country. I don't see that happening at all. Since the late Nineties we've had a sustained increase in productivity, one that hasn't been recognized by anyone. Everyone thinks it was...

I'd sell half, let the other half ride. This closed at 65.45 on Nov 10, and 65.65 on Dec 10 and Dec 24. So that's resistance, and it's very close to that as I write this. If it breaks that level, it could easily get to your breakeven level and beyond with breathtaking speed. But of course if...