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link: http://money.cnn.com/2009/03/04/news/economy/guidelines/index.htm?postversion=2009030409 so basically if i am a janitor and: 1) bought a 700k house on some crap interest only adjustable mortgage 2) document my income to be $2000 a month 3) my mortgage payment can be no more...

lol

lets hope that never happens, china will be hurt but can withstand being cut off from the US. Chinese were living in poverty just 20 years ago and can certainly adjust, they also have much higher average savings per person (relative to living cost) than most countries. But if the chinese start...

Nothing wrong with investment right now, what was the saying buy when others are fearful, sell when others are greedy etc.. but those are bad choices. 1) USO is ok at current valuation, despite the major push for renewable energy most industrial operations still require oil. Once things...

bernanke's statement is just the trigger, when the spring is winded too tight it always wait for some sort of trigger, and unwinds. In this case it also just happen to be sitting around major support of nov lows. Do you really think bernanke's generic rant would cause a massive rally like it...

vix means nothing nowdays. You need to see follow through, so far today is chalked up as a technical bounce after 4 days of major selloff and a double bottom support at around end of nov. Price actions tomorrow till end of this week will determine what today's bounce means.

heh you may want to check this thread: http://elitetrader.com/vb/showthread.php?s=&threadid=134814&highlight=shld as bush would say..fool me once shame on you..fool me twice shame on..err wtfowned!

the problem is you cannot exit with option using stop loss like you do the underlying. For example, if i wrote the atm es 800P for 50 pt, and set the stop loss at 75 pt. When the market gaps to 750, all of sudden you are going to see ask at 200 or some crazy number. If you follow your hard rule...

The answer is you cant manage stop loss on options alone when market starts to move. I have seen it first hand, when es mini gapped down 30-40pts within 30 mins, market goes crazy and all the es options are basically blank with spread wide enough to drive a mack truck through. If at that point...

lol hi atticus, welcome back.

if not uso, what do you recommend then if i want to make along term play on purely oil (ie: not oil companies). How about shorting the dto instead?

what you mean why would they go BK? if the current situation continues, their primary income will not be enough and simply run out of cash. The hope is the outlook improves so they can start charging more to increase the revenue. The share issued is nothing more than a desperate move to get...

The current price reflects the fact that this company's solvency is very much in doubt. It would already filed for chapter 11 if the previous debt was not reworked. So the game is basically if it can outlast the current slump. If it can you will make a killing at the current price, if not the...

bullshit, raise tax to pay off the debt? What are you smoking. We are going to inflate our way out of the debt. It's the only exit out of this hole for the country, and exactly what the top guys are planning to do. raising taxes to payoff the debt...LOL

do not invest in china, because there maybe a major shitstorm coming. do not short china, as the entire market is controlled by the government, and it still has a tons of cash reserve that can be used to plug the hole and possible avoid this world financial storm. so in summary, i would...

how come there are no berkshire hathaway options for either A or B class shares?

becareful with dxo, understand how it works and that its 2x return is on a DAILY basis only. In the current market, you will get whipsawed to death if going 100% dxo. It's a good product in a bull uptrend market. My oil play is made up of 75% uso 25% dxo. I have been averaging down since...

Nitro can you please post a chart (any time frame) that will void dmo's claim. I am very curious to find out as well, just 1 line of "it's not true" means nothing. dmo, do you know what happened to atticus? I miss deciphering his option posts.

urrterrible, that's the wrong way to look at straddles in my view. It's not about what the value is at expiration, nor do you hold it till expiration. I have been playing with buying straddles almost exclusively since the lehman mess. This is how my thought process goes 1) The underlying...

it will aggregate the greeks to give you different portfolio views, and let you create mock portfolio to model your greek exposures. Gets the job done as a trade platform, but sucks as an analysis tool. I like the tos interface much better, especially their pricing model graphs.