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I wonder if it will ever be possible for any government to admit that the best cure for a post-bubble environment is a prolonged period of unwinding excesses, that it may take some pain and suffering for us to rediscover financial discipline, and in the end the best course to take is to do...

Tell that to Paul Tudor Jones :)

Until recently the Dow had its longest streak of consecutive days (38 or so) without touching .5% below the prior day's low during this last run.

Every trader needs to make his own judgement call. The same people saying not to short here are the ones afraid to buy in March. Some people would rather not go short after the dow has already dropped 1000 pts. As long as you honor your stops you'll have plenty of chances to be wrong before...

same

Yesterday's morning action looked like some beta-chasers were just piling into SMH and BBH -- imagine if these ETF's were popular during the late 90's!

Some people don't trade for the trend, they go for tops and bottoms instead because that way they can try multiple times with very tight stops. A trend trader will only short once the uptrend is broken but by the time he enters the trade his stop will be much larger; it's a matter of preference.

In currencies I believe front-running is expected part of the game; Bank ABC facilitates $3 billion dollar trade, slips in extra 100MM order along with it and profits from the momentum -- the price of "credit facility" (see Market Wizards interview with Bill Lipschutz).

I dunno, but I think the biggest economic impact the internet had on this economy was getting YHOO to 400/share :) In contrast one could easily argue that the internet has been one of the driving forces for deflation and even decreasing employment via higher productivity. And until we have...

I thought 2 months ago when we had much better than expected employment figures that the bears had run out of arguments against the new bull market. Now we get crappy numbers, the same people are saying it's bullish? Talk about curve-fitting, hehe. That's the fed's problem, they just...

Not a big deal that a few people on this thread are bearish -- how many pundits and fund managers on the tube are bullish? Almost all. And they're the ones who will move this market.

I like how every talking head on CNBC is trying to flip this employment report into a "perfect" situation for stocks since it must mean there is absolutely no inflation on the horizon and the Fed will be out of the picture (as if the soaring prices of commodities and metals had anything to do...

The employment report, catching alot of bond holders going the wrong way, seems like the kind of catalyst that can cause extreme volatility in a number of markets. The VIX has been 6 feet under for a very long time now -- the question is if anyone is really prepared for a quick drop down?

I saw a few offers 5 or 6 ticks up after the release which might have been available for a second or so, I think the lower unemployment gave the pop just a little bit of a hesitation.

What are the chances of oil being repriced in euros "officially"?

Ouch for those short bonds today :(

The pay is good, the hours hell :)

It's a wonder they don't just peg to dollar like China.

I haven't a clue to the actual amount, was just looking at the difference in change. I wonder how fast the market can push it back to 106 again.

That looked like about 4x as much yen sold as the previous couple interventions. Why does IB have to shut down at midnight grrr . . . :)