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Great Thread :) - I sympathize and agree with the core sentiment of the OP. on the blind lesbian thing - it could become an emerging trend - after all they don't have to look at the kids they have let alone care for them (being blind and gender confused) - they just want to be happy - we all...

Great OP! Clearly you disagree with the current fiscal policy. With the best of my very limited understanding of economics, I must say that I agree with you. My faith in free market solutions (like my poorly chosen screen name) has been shaken by the truth that this crisis raises questions about...

Clearing house models need standardized instruments. This is one reason why OTC instruments are not a good fit. Well healed OTC participants would certainly begrudge the overhead (speculator premiums) to attract necessary liquidity. Greed on the part of institutional traders is what drove the...

Here's some links to help you do your homework. :) Trade volume will tell you when each group starts trading and calls it quits for the day. What has made you interested in nights v.s. days? http://en.wikipedia.org/wiki/List_of_market_opening_times...

CDO's, CLO's, and the CDS's which insured it all were the brain child of financial rocket scientists who had too much influence in the market place. At this point no one wants to buy them anywhere near book value and the owners can't sell them at fire sale prices. The $ amounts involved are...

In the late 60's my parents had a small retirement nest egg invested in mutual funds. When the market tanked it took 12 years for their investment to return to par. When I learned about TVM, I realized they still got hosed. That was my first lesson about Wall St. It kept me from buying in to the...

The idea sounds good from a distance. I'm not sure how feasible it would be to attempt to create a "standard" credit default swap. I think the real "hail Mary" pass of TARP was the hope that some mechanism would surface to restore trading in OTC CDO assets such that the CDS (portfolio...

CNBC's Maria Bartiromo interviewed BOA Ken Lewis in Sept 08 and here is Lewis' startling back of the envelope assessment. "BARTIROMO: SO RIGHT NOW WE HAVE, WHAT, 9,000 BANKS? 9,000 BANKS IN THIS COUNTRY.WHAT WILL YOUR PREDICTION BE AS FAR AS HOW MANY THERE ARE IN THE NEXT FIVE YEARS...

The Role of Market Speculation in Rising Oil and Gas Prices Excessive Speculation in the Natural Gas Market At first glance, these senate reports suggest that mechanisms in place to curb excessive speculation have not kept pace with the growth of speculative activity. IMHO,The idea that...

What I saw in Orlando was much different from the above outline. There was nothing in his presention about his economic theories, his track record, or stock market investing. It was only 30 to 40 minutes in length. Throughout the balance of the day, I asked other conference participants...

I re-read your OP and split it with inserted red labels above to gather a better picture of where you're at and what you want. I think you've recieved a lot of great hard won advice, but I'm not sure these are the answers you need at this point. In the end it's hard to accept advice at face...

I'm not sure DiNapoli was saying much about "mental toughness" with that remark. It was more a reference to the learning curve. I think your comments are on the money about stratedgy, preparation, and discipline cover all the bases here. The central theme of remarks here is that the...

Best celebrity quote I heard (from Joe DiNapoli) is that it's a 5/50 proposition. It takes about 5 years and tying up $50K to become a successful trader.

Thanks again for the heads up. Success in trading (depending on time frame) is based (30 - 40%) on an ability to filter information to arrive at a basis for taking a position. The balance (60 - 70%) is based on how trades are managed. Risk tolerance, risk/reward, capitalization, market...

I don't have figures, but I suspect that the percentag resulting in delivery is relatively constant. The futures delivered should reflect the amount that has been hedged by commercials on both sides of the trade. Like your, I still don't have a clear picture of how longs who "offset" prevent...

Thanks for the advice and links, Shine. ET is the bomb! It's as close to the old days of "Compuserve's Financial Forums" that I've found on the web. My primary interest in ET is to sample the threads here to get a better idea of current state thinking. My plan is to re-examine and update my...

VN gave lunch keynote speech at a futures conference in Orlando in the spring of 97. He brought in his own piano player and babbled to the crowd for almost 30 min. It was embarassing to watch. I asked someone who is this freeking idiot? I was told he's someone who manages a 100 million hedge...

Oil pricing is a funny thing, retail petrol prices in Europe have been higher than US prices for years. That being said it was not un-common for a 15 to 20 cent US wholesale price excersion to trigger gasoline imports to the US (when freight rates were right). Yep - Lack of a substitute is...

Good advice for sure. I'm a novice trader, who is returning to markets after a number of years of inactivity. Right now I'm putting time into finding a better approach to markets. This is a great forum for exposure to ideas and concepts, the only requirement here is an ability to sift the...

I'm not sure how much these kinds of threads contribute. But for sure it can be therapeutic to read / post. It's nice to see the depth of critical thinking (and knowledge) here. I don't think any rational person with a fair amount of common sense can be satisfied with current oil pricing. For...