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http://online.wsj.com/article/SB120105143307908453.html?mod=hpp_us_whats_news maybe the credit markets aren't in such bad shape after all and repricing can take place in an orderly fashion without government intervention. Certainly hope so as government intervention usually causes more...

Yes that sucks and I am sorry that you had your job go overseas but why should I have to subsidize you staying in a house you can't now afford? Sell it and live within your current means instead of counting on a tax payer bailout. Ironically it is because of the taxes, direct and indirect that...

Equity-indexed annuity. (EIA) Your money is invested in a fixed account and you may earn additional interest based on the performance of a particular stock index, such as the Standard & Poor's 500 Index, the Dow Jones Industrial Average, the NASDAQ Composite Index, or the Russell 2000 Index...

One of those annuitys where you particiapte partially in market returns but can never lose your principal. Forget what they are called but if you search my name I asked about them and someone came up with what they were. Not good for a trader but good for a widow that needs growth but cap...

with my taxes. http://www.bloomberg.com/apps/news?pid=20601087&sid=a2NjVSM4X_T4&refer=home

Nice one Daal, but did you get long? :)

To each his own, personally I wouldn't want to leave my family's future up to luck.

You should have replied "Great thanks, these are the days that traders live for. I'm going to the Aston Martin dealership when the markets close to pick out my new toy, want to join me? By the way how's the 401K? Is it OK?"

You are either not in the rat race (if you can't get fired or laid off you are not in the rat race) or you are naive. Should put you in touch with a couple of buddies that were laid off from Novell last year (both making over $150K), one found a job after 7 months that pays 60% of what he was...

Will be looking to short Bonds today.

Gold, give me a break. If the fed cut doesn't hold the fall (which it won't without further goivernment action) then Gold is going to crap just like everything else. Infact in this environment even with the cuts the $ should hold its ground as money from ariound the world floods in to US...

This is going to be an open to remember.

Wacko, no more than 2000 would be my guess for a long term bottom.

Look at this shit, people already shorting the spike lol. Might be very embarrassing or the Fed today. Lowered a historic .75 and the market craps 500+ With all their education and experience you would think they would have come up with something better than thin over a three day weekend. Douche...

Bone headed move. Temp relief at best, won't work and will just show the Fed to be powerless.

Unless they back up the bond insurers nothing will work. Fucking retards, if nothing else was impeachable letting the world lose faith in US markets is.

Looks like a dragon pattern forming on the short trem charts (60 min or 640tic ES)

Hmm not sure about that, what if it doesn't work and everyone sees the Emperor is naked? One hell of a risk the Fed would be taking. Is big money really going to commit itself on the basis of Fed cuts alone when what they are really worried about is the structural itegrity of the markets...

It wasn't that bad because it was presented to the market as a Fait accompli, all parties involved were already on board so no one had to worry about counterparty risk (which is what the big worry this time around is). If memory serves the notional value of LTCM's positions was about 1Trillion...

It means that all their economic models and theory is telling them one thing but the reality that is smacking them in the faces like dead wet fish is completely different and they don't know what the hell to do. The central banks are always behind the curve. In the current situation there isn't...