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What's their total exposure again? Oh yeah, $556B $16.5B is a drop in the bucket. They will be lucky to survive.

Ugly is an understatement, looks to me like they will not survive and this was good money thrown after bad. Interesting to note the abscence if the usual Black Friday threads on ET this evening... even with the vix up a bit today there still seems to be a great deal of complacency.

To each his own. Glad it worked out for you.

Every trade of consequence I do, but what I do is besides the point, this wasn't a trade it was a gamble. I don't have a lot of sympathy for gambling losses. The best thing that Traderrich can do for himself is to recognize that and either not do it again if it was a temporary lapse in...

Tough break, then again it wasn't a very well thought out trade. No hedge, no RR, just a plunge. People who do that don't last long. $10? :confused:

too late should have hedge by going short C at 22.44 when I posted 9.50X11

XLF and C selling off, think the news is out and its not good

I have been hearing about how a huge move was coming, break out of triangle etc the last couple of weeks. Looks like the market is again trying to thwart as many as possible. If the big move is still in the cards option prices are looking cheap.

Look for a piece about the place recently on NPR. Its seems the whole economy was based on textiles and they were about to lose it all due to some US import law with most factories there now taking jobs at a loss (also their profits were being eliminated by energy prices). The conclusion from...

Just read about how tight supply is in China, how imports taxes have been reduced allowing higher prices to be paid as they are switching from net exporter to net importer. Also saw a inflations adjusted 30 year chart for beans and we are still at fairly low levels. Would be looking to go long...

So who would benefit the most from this kind of travesty (did they even pull this type of crap in the great depression?)? Surely not the banks who would have to take the losses, maybe service companies like CFC? How much harm would be done to the US markets by such a move? Would foreign...

Since Ron Paul is out of the picture McCain is your only option. Not great I grant you but at least he is pro growth unlike the either of the Dems. The lesser of three evils.

Now the FDIC's Blair is on board with the idea of principle cuts too.

I just read a book called "Biohazard". It is about the Soviet Bioweapons program and a good informative read. I was completely against the invasion of Iraq at the time but after reading this book I can understand how, especially after 911, a hostile regime (not to mention one that had used...

Which is why the market would rally on a Hillary win if the thesis is correct, gives McCain more of a chance.

Why don't they just change the term to 50 years instead of forgiving the principle. Restructure the loans to whatever term they need to to make it affordable. The people can then afford to wait until housing turns up again and can unload or refinance at that time.

I used this software to help learn Chinese and found it to be very effective. http://www.shoptransparent.com/

Hope the journal has served to show that market timing is posssible with some degree of utility (ie paired with the right trading strategy). Good trading to all.

Out QQQQ 42.79

:D :D :D