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I couldn't agree more. Houses should be left to fall to their intrinsic value but that would trigger TARP 2.0 with an attitude. Either way you cut it the government will have to bail someone or something. The only thing that is going to fix this economy is time. Between then and now the...

Under a normal unemployment situation I would agree with you but this is anything but a normal situation. It's pretty easy to say, "just get a job." There ain't none.

I used to manage an LP as a CPO and currently run as a CTA. The pattern of chasing returns and bailing on drawdown became so predicitable I had to have one-on-one discussions with investors and put every new investor through a screening process. I rarely, RARELY came across an investor that...

You might want to think this through a little more. What happens to all those houses when the mortgage doesn't get paid? As if the supply of homes wasn't big enough already. Unemployment is an extremely important circuit breaker, or shock absorber for the economy. If these extensions keep...

Ummm....were you not paying attention to what Hitler was trying to do?

Boy, I jumped off this thread far too soon and missed all this fun. Asia, I won't even question whether you have 20% annualized returns because I know it can be done because I've done it. I won't offer any statements or take any challenges because the only affirmation I need is depositing that...

This is exactly the reason. If you put Buffett's holdings in a mutual fund format he will consistently under-perform the S&P. He will go down as the greatest investor of all time but his legacy should be the greatest businessman of all time. He isn't much better at investing than any other...

Consumers are still in the process of de-leveraging. It's going to take a few more years to run its course but when it does we will return to a more normal economy where people actually save to buy something. It's funny though, I still get those credit card offers in the mail for 0% for six...

Damn Jerk. Hit the OP up for the name of the HF and get your butt in there and apply for that job :D

This plan was designed to fail so people will have no alternative than to accept a national health plan like England's. The US is a studious student of England's government policies toward their citizens. Cameras are popping up all over the place now. Look no further than right across the...

DCF calculations for tech stocks are highly unreliable because of the variation between earnings. If you want to do a DCF model on PG or KO you are going to get some reliable answers because their earnings are predictable. I would include a variation analysis on their earnings stream and...

Why is it so hard for those who are employed to figure out that if you don't have a job your chances of finding one are next to nothing in the current job market. I have a Master's Degree in Computational Finance and if I were looking for a job right now I'd be shit out of luck. Thankfully I...

I love it. Add blueberries, salmon, and walnuts and you're good :D

I disagree. Studying things like Humanities and Philosophy while you are pursuing a degree in computer science is extremely important because it teaches you how to think and helps you grow up much faster. I bitched my way all through Humanities but now that I'm a little older and a lot wiser I...

+1 and +100 on the part about communication.

It sounds like you are graduating from IIT, yes? If so, you are coming from a terrific school if you want to get started in trading. Today's prop shops are looking for people with backgrounds in a diverse set of areas with an emphasis on algo trading. If you have not taken any programming...

There's an easy solution to avoid this mess. Pay the bitch off and stop using the mother. The CC companies need to see more middle fingers.

Better go to the secretary of states office too and start an actual company even if your revenue is going to be zero. If you say you own XYZ, Inc. and it don't show up on the SOS listings you're busted. It only costs a couple hundred bucks to keep an Inc in good standing. Tax prep is pretty...

I would suspect that the majority of Americans don't want the government to be the solution to their problems but there seems to be no way avoiding it. Socialism is going to be shoved down our throats whether we like it or not while Pelosi hops around the world on her private jet. As to your...

I've been trading profitably for 21 years. No, I have not been up every year but over the course of 21 years I have been very profitable. Even the best investors in the world have down years. Does that mean profitable investors don't exist? There are plenty of profitable traders out there...