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Someone on CNBC just said that's it's mostly buy programs injecting new years' money into the market, but it's being met by real sellers (explains the high volume but not much movement in s&p, dow). So it must mean the market is going down. I'm going short - go CNBC go! :D

I don't think they would necessarily bust those trades, it's very possible some guy maxed out his account going long YG at 430 yesterday and got liquidated overnight. I saw those trades go through live, but there was only 1 contract at 414 offered before prices shot back up.

Too high or too low, 2 of the worst reasons to enter a trade :(

What happened to dollar during and after crash? Anyone recall?

Interesting link. So now is it just a game of chicken where all sides will press for advantage under the spectre of a "doomsday scenario" -- a financial cold war, so to speak?

It seems pretty logical for a dollar peg to be broken to the downside when a nation's financial status is deemed unworthy to hold its currency at a certain ratio for dollars; the only way a nation can support its own currency is to sell foreign reserves, and there is a limit to that end...

cool, didn't know that.

Getting back to the basic forex vs cme, aren't the tax advantages for trading futures contracts another factor to consider?

The Fed-speak as of late seems directed more at the bond market, as if they are trying to make sure a bid remains in treasuries; there are any number of players that could get hurt from quickly rising rates, FNM for one, China, Japan could also become sellers.

Whoever it was at the bid just left . . . followed swiftly by a bout of BoJ buying -- fun ride eh? :)

Seems like the Fed is not worried at all about a bit of inflation due to a dropping dollar: http://quote.bloomberg.com/apps/news?pid=10000087&sid=aSfD5LfkQz3c&refer=top_world_news

Aren't the max resolutions on these screens still the same size as most large CRTs?

This is probably the biggest misconception on these boards: that trading for targets of 1 or 2 points per day is somehow the easiest way to start. NOTHING COULD BE FURTHER FROM THE TRUTH. From that standpoint, the exposure of your results and therefore your emotions to pure noise is at a...

Yeah those limit down days in cattle make me think twice about getting into any "edible" markets :) Good luck at the NYBOT!

Ceremony's my favorite as well! I like the live but truncated version on Still.

That sounds good! Thanks for your replies.

That's why any deviation is noteworthy. Pegs can be forcefully broken and can move rapidly as a result -- southeast asian currencies in 97, for example. But it's much easier to devalue your own currency than defend it from going down.

Say you had 40k of short-term losses in '02 to carry forward, and for 03 you have 100k of futures gains. Can you split the 100k into 60k long-term, 40k short-term and then cancel out the 40/40, so only pay 15% on 60k? Or do you have to deduct the 40k of losses off the top and then split...

Heard that Hong Kong was intervening by buying dollars, the charts don't show much drastic movement either way though. Will be interesting to watch as a precursor to yuan/dollar revaluation.

Just curious if anyone has experience trading OJ on a longer-term basis, looks like it just cracked a multi-year low. I remember when I was little my mom would buy 4 half-gallon containers every few weeks or so and we'd drink it like water; nowadays I barely touch the stuff. Interested to...