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Ugly psychology, baby. May be time to long a few absolutely beaten down (bloody pulp) non-discretionary positions. Of course, even those may go lower if you get Mr. Margin calling over the short term.

Isn't demand destruction an issue with corn? I mean, ADM doesn't even want to mill the shit if they have to buy it on the open market now, because they'll lose their ass. Ethanol plants want larger subsidies now, and are ramping down utilization. Cattle producers are selling off cattle...

I don't feel sorry for him, surf. You are saying he was just trying to keep up with the Jones, especially because of his zip code. Well, we all have to resist the temptation to keep up with the Jones if doing so will put us in bankruptcy. People have to learn a simple formula no matter...

$250/barrel oil will cause a global depression. What's all this BS about a 'deep recession?' And gee, a guy whose company that stands to benefit the most (taking his company to a one trillion USD market cap), making such a prognostication, should be deemed an unbiased commentator, let...

Oil bulls rage at me for suggesting such notions, but I agree 100% with you. I know of no other commodity that has the price driven up by the mere mentions of, for example, "we're entering hurricane season." Don't we have a hurricane season every year, aren't there years where there are no...

“I made a lot of money, but you also can spend a lot of money." What a dumbass. Does he expect sympathy? Why is it SO difficult for people, especially those making a lot of money, to live within their means? WHY WHY WHY?? http://www.nytimes.com/2008/06/15/fashion/15mcmahon.html ED...

I'm a capitalist. Capitalism, when it works efficiently, improves the lives of people by financially rewarding those who help to make those peoples' lives better. Do not confuse capitalism with consumerism. They may overlap, at the periphery from time to time, but consumerism is the art...

Unless I'm mistaken, this pretty much blows the 'supply&demand' argument for high crude oil prices out of the water. No?

Yup. You can book it. Landslide. Don't ever try to block a tsunami with your emotions and opinions, whether you happen to be right or wrong, because as an individual, you're just plain irrelevant. And this will be a tsunami year, just like 1994.

So not only is he a terrible poker player, he's an outright liar. That's great.

It looks like Ben Bernanke just had his 'concern over inflation' bullshit treated with the apparent respect it deserves by the markets. Oil is surging to new records, the USD is falling against the Euro (and Real, and NZD, etc.) again, and Bernanke has just lost the final shred of credibility...

Here it is again in case they remove it again....link and embedded. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/BVl9SQ-KVmE&hl=en"></param><embed src="http://www.youtube.com/v/BVl9SQ-KVmE&hl=en" type="application/x-shockwave-flash" width="425"...

I don't believe he's doomed. The gender gap between McCain and Obama is pretty amazing. I think he's leading McCain by 19% (the highest ever) among women voters.

I heard that Lehman tried to order coffee, bagels and doughnuts on their account for this meeting, but the vendor wanted cash up front. I wonder if they went hungry.

It's basically a hydrogen car. It says so right in the video preface. Honda has a fuel cell car in California that they've been leasing to customers for a couple of years. The problem is that they cost approx 700k to produce at the current time. Fuel cell conversion vehicles are highly...

Bank failures is likely going to be a real problem going forward. I am assuming they were hoping they could stabilize the residential real estate market, but now, not only can they not stabilize residential real estate, every credible source using the latest batch of loan data shows that the...

From the jackass's own mouth, highly quotable (if subprime blows up, no big deal): <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/BVl9SQ-KVmE&hl=en"></param><embed src="http://www.youtube.com/v/BVl9SQ-KVmE&hl=en" type="application/x-shockwave-flash"...

Not sure I agree with the conclusion, but this article is pretty entertaining and contains more than few grains of truths, well stated. http://finance.yahoo.com/expert/article/moneyhappy/87379 Has the American Dream Become a Fairy Tale? by Laura Rowley Posted on Wednesday, June 11...

I read op/ed pieces in the Wall Street Journal, New York Times and Financial Times of London each Sunday. It is an efficient way to catch up on the bulk of significant events that happened during the week, even if you have to grin and bare the bias that should be expected and is normal for an...

I personally know many people who have lost 40% of the value in their homes. On a national basis, looking back in hindsight, those who bought homes in any of the 'hotter' markets between 2004 and 2006 have fared especially badly. Stories of people buying in 1995, seeing their housing...