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Once again, we find you watching and listening to CNBC as attentive as ever. Big mistake.

. . . That ET and the talking heads on CNBC are great FADES! :D

Best thread that I have read on ET in quite some time. :)

Another typical "pissing-match" on ET resulting in 75 pages of pure unadulterated crap. Oh, and by the way . . . It's not like the 1503 high of yesterday was a fib number or anything . . . :D

Yeah, I guess there have been an awful lot of "stupid" people from October 2006 to mid-July 2007. Get real.

Notice how the SPX has rallied 66 handles off of the lows to trade back ABOVE 1500 in a mere 3 days and "GhostCrapper" hasn't posted once . . . If you are wondering why that is the case, the answer is pretty simple: HE DOESN'T TRADE FOR A LIVING. He merely "plays" on the Internet...

You have no clue. In 1998 the market dropped 13% in 21 days and that was IT. Sound familiar?

You have no clue.

There was some congestion issues over the Internet today. Just run some trace-routes.

GD, LLL, LMT, NOC, and RTN. Strongest sector on the board the last several weeks! :)

Jake Brown bails out 40 feet above the Vert-Ramp this past weekend and falls straight down into the BOTTOM of the ramp. By any means, he most likely should have broken his back. The video is absolutely incredible . . . Yet, he was able to get up and walk away with merely a collapsed lung...

Exactly. Baker's words created a tizzy for an already extremely weak dollar and nervous foreign exchange market. As noted, rates had been rising all Summer to some fairly high levels in the 30 year. Made for a great play come the "flight to quality" trade. Portfolio Insurance had given...

Agreed. Bloomberg is so much better it isn't even funny. CNBC is at best, the People Magazine of financial network news.

Agreed.

Your logic is so unbelievably twisted that I don't know where to begin. If the market was in fact ANTICIPATING a rate-cut over the last 2 trading sessions, don't you think that it would have rallied instead of gone into the crapper? Then you go on to call a potential rate-cut a "surprise" ...

Google employs 10,674 people. Apple employs 17,787. The San Francisco Bay Area is home to 7.2 million people . . . Nice try! :D

Again, not true at all. Nearly 2/3rds of the mortgages in the San Francisco Bay Area over the last couple of years were "no-interest".

Agreed 100%. And yes, as someone mentioned earlier this guy was never on ANY Trading Desk at GS. Meanwhile, he hypocritically criticizes the Bear Stearn's CFO Molinari for his comments during Bear's CC, and yet Cramer goes off the "deep-end" ranting and raving about how the Fed has no idea...

You are wrong. When you watch your $3300 a month mortgage go up to $5,000 per month on the "reset" rate at 10% . . rates are not still at historical lows, as you claim above. Moreover, very few people have any real EQUITY in their homes under this kind of scenario. Add to that the fact...

The futures contract allows the farmer to "hedge" the actual physical commodity that he is growing in the ground and has yet to harvest. If he has commitments to sell his $10,000 worth of corn harvest to an end-user, but the yield from his crop is poor due to inclimate weather or insects...