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Exactly right! Without the assisstance of the government GS would have suffered the same fate as LEH and BSC. Shit, all you gotta do is follow Paulson's phone records.

Here's what people don't realize about the Fed. It is an agency created <b>by</b> the banks to police the banks. That is about a big a conflict of interest as you'll find. This relationship with the banks causes the banks to act in the best interest of the banks, not the economy or the...

Even more naive for agreeing with that statement. This is the problem with the lay public. They don't have a clue what power the Fed has. Absolutely no clue.

This is probably the most naive statement I've ever read about the Fed. Go do some homework.

Are you willing to try and pick exact tops and bottoms (very short-term) of the market and scale a little if you have to? That's pretty much the only way a mean reversion system works. This is an effective strategy that takes a lot of practice and not for the faint of heart. If you want to...

Quit now so you can avoid the heartache and grief.

Another ET thread turns into a knock-down, drag-out. This site is so entertaining :D

You gotta have two strategies. One for a choppy market and one for a trendy market. Chop: Buy weakness, sell strength. Trend: Sell weakness, buy strength. Now all you need to know is what environment you're in.

Most important rule ever ------>>>> Be Patient!

it's not <b>what</b> you know it's.......yeah, you know where I'm going with this.

The credit crisis was caused by a massive increase in the supply of money. Now the money supply is enourmously massive. There will certainly be another crisis. I wonder if Big Ben will raise interest rates before Dow 15,000?

Of course it is safe. Deposits are backed by the FDIC, which is backed by the full faith and credit of the US Government. Ummm....ok, maybe there is a problem here. The current monetary system will eventually collapse. We know it and the government knows it. It will be replaced by a...

Why is someone from GS reporting this? Aren't GS and the Fed essentially one and the same?

Dr. Z, I don't think you understand the purpose of what BLSH posts. Yes, if he were short (or not long) then he lost money/missed profits because of his views but at no time have I ever seen him post something that read, "go short because of this." He just posts information and shares his...

The current trading climate is probably the worst I've ever seen. The market basically runs up or down at the open and then flat lines the rest of the day. There isn't much to do other than wipe the drool that flows down your chin from sheer boredom. I've never seen a market with such sheer...

This kind of logic will lead to financial ruin. I get a good laugh out of comments like this. You simply, positively cannot expect to be successful by winning 20% of the time - period! If you do then you are dependent on one big win or one win with big size. One slip on that big one and...

We aren't going into another Depression. People are either paying down debt, having some of it forgiven, or filing for BK. After another few years consumer debt levels will return to normal. The banks are no longer in trouble because they can borrow at 0% and lend at 6-8% for secured loans...

This is the point where you get run off ET looking like a fool, off to change your screen name. There are a handful of high quality traders on ET and they all have one thing in common -- they don't talk about their victories or results. Watching their account grow is enough. We've all been...

LOL. Good one atticus.

It's Friday dude. The market is closed. It's miller time :D