they have been using "toxic dispersants" at the sources of the leak to "break the oil down". the net effect of this is that the oil is completely mixed with the water, is staying relatively deep and is not visible, and is basically poisoning the entire gulf.
it will stay off the shores (to...
sorry, i dont much consider texas part of my country...they want their independence, i say give it to em.
of course, texas would end up a failed narco-state within a decade, but they would still probably have pretty good barbecue.
i would imagine the tax advantages offset the spread & commission differences if you are profitable
if you aren't consistently profitable, SPY is probably better until that point for the reasons already mentioned.
we'll see...the prospect of that oil well gushing at full throttle for another 6 - 9 months into the GoM is likely to put a damper on any party.
the situation is quickly moving from tragic to catastrophic.
I think people got spooked because the oil leak top kill failed (it appears)...could end up being a multi-month disaster with much more serious ramifications if true.
I could be wrong that this is what caused the selloff, but i noticed it happened at about the same time.
When I am long equities, I will generally hedge with options. This is particularly true if I want to hedge in my position for a good long time.
However, sometimes when Im long a basket of equities, if there has been a major run up or some major negative news, I will hedge with an...
schiz said it so go on and book it
Schiz im going to buy on your little dip retest at the 200 DMA
too risky to get in here since there is a reasonable risk it bounces of the 200 once.
Schiz
I neglected to say something earlier, but your call on the ES today was eerily freakin accurate. You have been pretty on fire in your calls the last couple of weeks.
Hope you have capitalized on that in your trading...
I closed out my long positions and my hedge around 1088 this morning...
i dont like foolin around too much with these overextended days.
Anyway, it does appear EMG was once again directionally correct.