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Sounds like the economy is going to be just fine after all. All those tradesmen can go back to work building prisons.

This is not true. An accredited investor has to have a net worth of at least $1M or have earned at least $200k in the past 2 years single, or $300k married. The minimum investment is $25k. A fund can accept up to 35 non-accredited investors but these investors cannot be charged a performance...

I'm gonna give you the best piece of advice you're ever gonna get in your entire career --->> Forget trading as a profession. If I could turn back the clock I would never pick trading as a profession knowing what I know now and I'm successful at it. Go to law school or something.

The market has been shrugging off bad news for quite a while now. BUY

People did understand the ARM. Banksters were telling people they'd be able to sell their house at a higher price before rate reset. It was a bubble of a bull market and just like any other bubble traders/investors/speculators (whatever you want to call them) didn't think the bull market would...

I know of one but no lightspeed. Good luck OP. http://www.imagefn.com/

Get yourself on a futures demo, get consistent, open an account and give the prop firms the middle finger. Edit: Open an account with a broker that has $500 margins but this may mean you'll blow up faster :D

Precisely right. Nothing has changed. I still get balance transfer offers in the mail for 0% for a year or checks that I can use for a vacation, or a new car, or whatever suits my fancy. The banks get bailed out, curtail their predatory lending practices for about a year, and not it's back to...

You obviously haven't met my wife.

From my first class in Finance 101 I learned there is a big difference between equity and debt financing for a variety of reasons. I guess the professor I had didn't subscribe to Miller's theory.

Well....all I can say is the position Miller takes on equity v debt financing is even more laughable than Taleb's assertion that these types of theories caused the crisis. Boy, this guy really said that?

This is idiotic. They crisis was caused by reckless banks who lent money to unqualified borrowers because the banks could get the garbage off their books by packaging and selling it as Triple-A investments. Take FNM, FRE, and mortgage securitization out of the equation and this never happens...

We actually saw that already on that 1000 point intra-day drop on the Dow. It's been my experience that a move like that in very meaningful and typically triggers a new direction but in this case it seems like an isolated even of one huge company just liquidating their hand all at once. The...

You're always going to find laggards in any bull market. It's rather meaningless. BAC can get thrown out of your list and MSFT has been lagging the market for a decade. The rest are large cap tech stocks that have matured and seen their 15-minutes of fame. The baton has been handed to a...

The market is going to keep grinding higher. Why must there be a crash? Maybe the market will reverse and trend down for a few years? I highly doubt we're going to see anything like 2008/2009 for a long ass time. The only thing you need to know at the moment is....Surf's Up.

I have a feeling the government's number will paint a much nicer picture. Naturally, it's a load of BS.

Extremely well said and spot on!

Bingo! I know a guy who is an Engineer for a company that provides parts to Honda and Toyota and his company laid off a boat load of people and now this guy is working about 70 hours per week. They don't want to hire anyone because all they hear is negative news. Instead, companies are...

You haven't been in the business long then. When Goldman says something like this they are trying to encourage traders to sell so they can buy. Remember their "super spike to $200" on oil call? They publish this crap so they can sell their position to the guys who think Goldman actually has a...

A newbie enters the market everyday. I remember when I was a newbie. I didn't fall for the pump and dump scheme but I was a follower of someone who I thought had a clue. It didn't take me long to figure out that he was filled with nothing but hot air. There's no substitute for your own...