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This is an excellent quote. I make a point to fade moves that trigger stops. Naturally, this doesn't always work but it's a very viable strategy. I used to have my stops placed in the typical areas and I became tired of seeing my stop get hit only for the market to reverse in the desired...

They are lying the same way they lie about those full body scanners at the airport. Any machine that has the ability to scan through your body will pack a punch of radiation. It's doesn't take a scientist to figure that out. I'd be willing to bet they give off more radiation than a CT scan...

Couldn't agree more. I couldn't help but think what a completely useless topic for an essay, or thesis. I suspect it's not a thesis because a thesis isn't as simple as this. If this is for an economics class I would have my students do an econometric analysis of the programs implemented now...

There is nothing inherently bad about interest. It's been a by-product of mankind, in one form or another, since the beginning of time. The problems occur when the risks of extending funding, and thereby collecting a sum of interest, are removed. When the government started backing debt with...

What? You do realize that the rate of interest is absolutely tied to risk? Absent government intervention interest rates would be rising, not falling. Risk of holding dollars is on the increase, not decrease. That's the whole purpose behind QEI, II, and III should it occur. The Fed is...

Very good point. Add the fact that many politicians sit on the board of many corporations and you have a perfect recipe for a Corporatist society. Corporations effectively buy the government by funding the election campaigns and then giving them positions on the board of directors so they can...

Yup, you still got all those copays and deductibles and maximum out of pocket expenses to deal with. And then you get insurance tricks that you have to watch out for. It's funny when you have a policy that has a maximum out of pocket expense of $1000 per year and you have bills totaling $3k...

No, it means most traders get ruined by randomness. If you take a poll most traders will say the market is not random when in fact it is largely random but not 100% random. If you accept that then you can start to analyze the market in a way that generates consistent profits. The markets are...

Since when did having kids become and investment? I wouldn't trade my kids for the world, even considering how expensive it is to raise them. It's an opportunity for me to be a kid again. I get to play baseball again. Enough said.

Take a plane ride across the pond and see how much a shirt or pair of pants costs. Prices are insanely high in the UK because of the VAT.

The government has already solved this problem. Just print the money and place it on the Feds balance sheet. Easy as pie.

It's definitely Corporatism. The banks have the government by the balls and Monsanto is simply running wild. This country is being run by the corporations. Back in the old days you could only start a Corporation and receive a charter for 10 years and the Corporation had to prove it was acting...

Not necessarily. I graduated from a Tier II school that claimed their program was equivalent to a Tier I school, which I believe because the program just about kicked my ass. Three semesters of Computational Finance will do that to you. I had no trouble getting a job with a firm where I...

Don't they go hand in hand? But I see your point.

A rag-tag army like this once drove England from the colonies and Russia from Afghanistan. Don't underestimate the power of a collective army of people who are determined to see a cause to its end.

Back in the go-go days I wanted to buy shares of Apple and I entered the ticker APPL. I couldn't figure out why I kept a message that the ticker doesn't exist so I eventually gave up. The stock did nothing but go up so I missed out on some nice gains. DOH!

The way the US Government calculates the unemployment rate we'll be back to 5% by next year :(

The reason Blanfein won't see any jail time is because Goldman and the Fed basically owns the government. If they can control the money supply they care not about the laws.

Study the evolution of mankind and you'll see neither the dollar nor the stock market are ponzi schemes. The stock market represents something that is tangible and the dollar is a promissory note and a means of exchange. The dollar could be considered a contract where it represents an exchange...

I think he's referring to the deferral of taxes rather than evading taxes. Good tax planning can save you a lot of money but sooner or later you gotta pay the piper.