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To a consumer its the same. the only difference is that instead of the government reducing the deficit with it, their oil baron contributors get the money and LEND it back to our government for our grandchildren to worry about. All the politicians can say they didn't vote for any tax hike...

MACD only works for long trends because it gets you in very late and out very late

Yeah, I know, but I think the Fed will see the writing on the walls and change the rules when Chrysler gets leveraged up. They can't even afford to pay attention, let alone pay back loans. Even *I* can see that.

Looks like they are trying to scare the funds out of gold, too. I wonder at what level the other CB's will be the buyers?

No, because it means a rate cut sooner. The ripple effect is going to get uglier, though, whenever the "private equity" bubble gets targeted. Wait till they load Chrysler up with debt, LOL.

I guess it wont surprise anyone here to find out that housing starts for may were 1.528 mm which was an 18% DECLINE from 1.849 mm last year, and that housing permits, ignoring the revised lie from last month were 1.429 mm which was a 28% DECLINE from 1.984 mm last year. Don't you just love...

I guess it wont surprise anyone here to find out that housing starts for may were 1.528 mm which was an 18% DECLINE from 1.849 mm last year, and that housing permits, ignoring the revised lie from last month were 1.429 mm which was a 28% DECLINE from 1.984 mm last year. Don't you just love...

When the rest of the world no longer normally prices gold and oil in dollars, you'll know its no longer the world's reserve currency.

I seriously doubt we'd attack Russia over how they decide to price their oil. Its in dollars because it was convenient, since we were the biggest buyer and the dollar was the world's reserve currency anyway. At the rate our paper money and debt is being printed/created, you can't really...

I won't trade NASDAQ stocks, and I only trade BB stocks on bankruptcies. Most of my holdings are AMEX, and a few NYSE when I'm in. The specialists and market makers are there to make money. They see stops as money on the table, and they take it.

You can't even figure on retiring on a million anymore. My mom and dad saved all their lives to retire in 1996 with $1 million. How many million do I need? I bet I need $3 million. If that's not proof of inflation, I don't know what is.

Decide the answer 5 yrs from now. It won't be the answer we'd have wished for. All this borrowing and gluttonous consumption will have its price.

Same here. I remember the day 25 yrs ago that I emptied the penny jar and that's all there was. You need to work hard, maximize income, and save more than you spend, and when you do invest, you need to do well at it. Missing the 2000-2001 crash was one of my best trades. Putting...

From experience, I can tell you that if there are enough big buy orders down there they won't even attempt running the stops. That's the only thing I know of that will prevent it.

The good news is that if they play "Run the stops" at the open, a high percentage of times that means they are going to take it up from there. They just needed some shares to sell. That's why they ran the stops. Laying yourself out on the tracks is not a good way to get rich quick.

You should NEVER enter a stop order. You might as well hang a KICK ME sign on your butt.

But its the day six or eight months later, when you see everyone saying its going to the moon, and you unwind the last 50,000 share block, up another 7 digits, that makes it worthwhile. And if you happen to look a month later, and its down 20%, you think to yourself, it could have been me...

Yeah, maybe retail is a little smarter this time, using 401k's and IRA's, filled with index funds, targeted mutual funds, and ETF's, rather than individual stocks like in the days of yore.

On the simulator did you trade with $3.5k? How many times did you lose it all? Did you average $17.50 per day after commissions/expenses you would have had in the real world? If so, and you were doing with a system you trust was consistent enough to trust, then I'd say why not, and...

They didn't have hedge funds leveraged at 250% average owning "fund of funds" hedge funds also leveraged at 250% average, that own hedge funds leveraged at 250% average, nor did they have a big "carry trade" funding it, nor did they have the banks all falling head over heels to lend money at low...