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http://www.bloomberg.com/apps/news?pid=20601109&sid=an3k2rZMNgDw&refer=home $7.7 Trillion If they had cured mortgages back in 2007 by reducing rates, extending terms, extending IO where necessary we could have let time and inflation take care of 95% of this mess. Mortgages were the string...

More like in for a penny in for a tonne at this point!

Names like GOOG will be the last to be sold in the forced selling, beaten down names will be the 1st to be bought by the value guys. Credit marekts are finally moving in the right direction suggesting that this rally may have some legs to it, look at what Europe did today and UK in particular...

Just want to pound the table again on DRYS, adding today.

And I yours Pabst, you are a trader's trader and know your stuff. The volatility will likely persist through the end of the year and yes it is great for day trading but this is not the time to put on trades with any kind of size unless they are of the buy and hold type that it makes sense to...

And I yours, your GET THE HELL out thread started back in Feb will surely go down in the annals of ET history as one of the great calls. It could be that recovery will not be as fast but the main point is that if volatility dries up and there is not a lot of low hang fruit type trading...

Not a good idea to have uninsured money at ANY institution at the present time, but if I had less than $250K at Citi I wouldn't lose a second of sleep over it. Also, look at AIG, if the government is willing to go as far as it has for AIG I don't expect anything less for Citi. If you are a still...

That will be the time to start selling premium again.

I don't like Kessler and he has been very wrong in the past but he makes some solid points. One piece of info that I heard about this week on NPR was that many of the states unemployment offices are so swamped that they can not keep up with benefits claims, For example here in MA the relevant...

Most of the dross on ET is easily identifiable and thus easy to ignore (thank goodness for that feature or I would have stopped visiting ET a long time ago). Thankfully the quality stuff is also easy to identify and Anek's contribution to ET is by far the best and most valuable I have come...

I see Obama's camp is now talking about Universal Healthcare ( I thought they would have waited until at least the inaugural to change their healthcare plan to universal coverage), if this comes to pass so US automakers really need a bailout, just having the healthcare monkey off their backs...

Cuddled masses? :D I know Obama is supposed to be the answer to everyone's problems but I don't think free cuddles for everyone are also included. Seriously though, I would agree with the sentiment that those in the west are certainly a mollycoddled lot. If there is to be massive spending...

Not all plunges are created equal :D

AFAIK the way it works is that they have inside men on the crews. What I don't get is why when everyone knows where the ships are being held the seals or equivalents are not sent in to mount a hostage rescue op and secure the ships release. Or why the ship owners themselves don't hire...

If the PPT do not exist and have not been actively intervening in the futures the last several month my grandma is a kipper! I have been watching market action for 25 years and there is no doubt in my mind that some sort of intervention has been going on with obvious prior knowledge of Fed and...

Agree. My wife got me this for my Bday a few years ago and invited my best friend to go with me, was a great experience. Have a friend who did Mig over Moscow (he did it using his Amex points) and said it was incredible. http://www.incredible-adventures.com/desert_dogfights.html

RSI and MACD divergences are fools gold, look good in some instances but no edge there. Not saying that we won't be rallying especially as I am long from Thursday's rally, just that such divergences are not useful in picking a direction. More useful divergences are AD, HL, and P&F buy and sell...

I'm not sure if it is the end of the world or not but to get a sense of where we are and what could come next I think that a multi decade chart of MSFT says it all. We are sitting at a major inflection point one way or another. As I have mentioned more than once on this site I have been using...

Looks like a bull pennant to me :)

How is this any worse than increasing my taxes. Wether you rob me now or sign me up to make future payments on a loan I don't want it amounts to the same thing. Given that most in the US don't pay any meaningful amount in taxes and even less as a percentage of their income it will be the so...