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    How would you fix the health care problem in the US?

    Largely agree - the biggest health improvement American's can make. Disagree on the eggs - way too much saturated fat. One egg every 1-2 weeks is better. Two a day will clog your arteries and kill your heart. Half the benefit comes from replacing animal and all refined fats (oils) from...
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    Japan June retail sales slump more than expected

    You made me smile ... thanks.
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    CREE, decent short?

    Be careful - CREE is a takeover target. GE has been looking closely to acquire it for their lighting unit. LEDs - the next big thing in lighting. I don't short companies like this, regardless of charts, price action, or earnings prospects. Actually GE has been looking at it for a few years...
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    Traders Blamed for Oil Spike, CFTC reversed previous findings

    Your question is so warped, I'm not even going to begin wrestling that greasy pig. Suffice to say Masters (and I) mentioned pensions and long-term index investors (speculators) and you've summarily referred to their positions as 'manipulation.' I sold some ES contracts today ... guess that is...
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    Traders Blamed for Oil Spike, CFTC reversed previous findings

    Masters reached the wrong conclusion in his paper. His point that 'index speculators' or the buy-and-hold PMs have driven up oil prices is simple enough. But then he jumps to the conclusion that "Index Speculators provide no benefit to the futures markets and they inflict a tremendous cost upon...
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    Traders Blamed for Oil Spike, CFTC reversed previous findings

    Oil has been the 'new gold' for the past few years - a proxy for money. Just thinking about implications ...
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    Wall St. Recruiters: Slime bags?

    Stop taking shortcuts and read 'Rights of Passage' by Lucht. It is everything you need, and more. http://www.amazon.com/Rites-Passage-100-000-Million/dp/0942785304/ref=sr_1_1?ie=UTF8&s=books&qid=1248443633&sr=8-1
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    How would you fix the health care problem in the US?

    Complete nationalization is the best solution, hands down. The problem here is that Americans collectively have no first-hand experience with any other system than the one currently in place, and their views are warped by an insidious campaign of misinformation by vested interests. Be clear...
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    Obama says he is gonna reduce costs?

    YOU are either lying or stupid, Boy. I'll give you the benefit of the doubt, assume you are stupid, and pass along some free education. Legal cost is insignificant compared to excess admin-related fees our system tacks on as charges migrate from service delivery to end consumer. The...
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    Prayers for Bowe Bergdahl

    Military is calling him a deserter: http://www.youtube.com/watch?v=3_AvbllONe4
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    Chat Problems

    Not Found The requested URL /ch/DigiChat/DigiClasses/Resources/Default/Transcripts/Elite_Trader_Chat/20090721.html was not found on this server. Additionally, a 404 Not Found error was encountered while trying to use an ErrorDocument to handle the request. Apache/1.3.41 Server at...
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    Back to shorting

    I've begun to lean short in here also, but I expect a topping out process that could take a few more days so I'm actively trading while moving my bias from long to short.
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    BYMPOTW: You Don't Own Your Home or Real Property, Even If It's Paid Off

    The funny thing is - China has no property taxes. That is in fact contributing to their housing bubble. People are buying condos as a store of value ... without any intent to live in, or rent out, the units. They simply minimize maintenance costs, and 'buy to hold.' It leaves whole new complexes...
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    MJ was innocent

    Since it was brought up on another thread ... thought I'd be the stand-up guy and say what isn't 'cool': MJ was robbed by the people who sued him, and a cynical, short-attention-span public. Mark my word. Someday that boy will grow into a man, and he will have a choice. A. Make good with the...
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    Hangseng Leadership...

    Over the weekend I read that Chinese bank lending rose 300% year-on-year in the first quarter. The bulk of this has gone into the stock market and an ongoing real estate bubble. China is going to be one roller-coaster ride. Hang Seng offers great exposure for those that want levraged exposure.
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    Whats the best way to hedge against multiple positions?

    The best hedge is an exit. Your bill is in the mail.
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    Why are these financials trading with such high P/Es?

    Most likely answer is that the "E" in your equation is recent historical earnings, whereas the stocks trade on future expected earnings. Do your homework. This doesn't even rise to Valuation 101 and if u hadn't noticed, this site isn't called Noobtrader.
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    Head and Shoulders forming on the S&P 500 - Target price 800

    The second shoulder needs to be lower than the first for the pattern to hold. I don't think that chart tells us squat, except illustrate the immediate past.
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    Why is Texas budget shortfall so minuscule compared to Cali and others?

    It is, in part, because California voters have put restrictions on the budget process. One, called Proposition 13, severely restricts property tax increases since the early 1970s. Also, their are statutory restrictions on any cuts to spending on education. Basically Californians have voted...
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    Job-cut announcements at lowest since September

    Companies have just stopped announcing layoffs ... because it has stopped being news.
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