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You obviously have very little understanding of how the FED and the markets work. By the time that the FED cut rates 75 bps back in January, the market had already moved interest rates dramatically lower. By the way, weren't you the person that has been arguing for month after month about...

You must be ( without a doubt ) the DUMBEST person on ET. How many major Airlines have gone BK since 2002? Care to count? Did the U.S. government save UAL, US Air, Northwest, and Delta from going BK? Of course not. :eek:

FYI . . . The regular NYOB has always been "delayed" on purpose . . . A couple of years ago the NYSE cut down on the "delay" to something more realistic. Not sure where the self-emplosed "lag" is now, if any. I looked it up once on the NYSE website. Should still be there, archived.

Microsoft "finally" abandons Yahoo bid shortly after 2PM and the market rolls over.

Exactly. Where do you people think that equity owners are on the list when a company comes under bankruptcy protection? Answer: Dead Last.

If I see Paulson talk about how he supports a STRONG DOLLAR ( one more time ) I'm gonna freaking puke! :mad:

Exactly. Moreover, NOT ALL premium grades of fuel have the same octane in the U.S. Here in California, the oil companies got together with the pipeline company ( Kinder-Morgan) and chose not to produce 92 octane anymore. They lowered the octane rating for PREMIUM to 91 in the Fall of...

How old are you?

Quick action by the FED? Who are you trying to kid? The "market" will adjust to higher rates ( and a stronger dollar ) well before the FED takes action on the tightening side. Why is it that you are unable to figure this out? The market LEADS. The FED follows.

Haven't you been the one that has harped on how the CONSUMER is tapped-out? You really need to take a Basic Econ class. Jet fuel that has risen to the tune of BILLIONS of DOLLARS for the Airline industry will result in decreased capacity across the board . . . which equals lower revenues...

http://www.census.gov/marts/www/retail.html :confused:

But you don't get it. He LOST money to a "bubble". He didn't lose it due to his lack of trading skills, or money management skills. In his mind, he has rationalized that this is acceptable, because you just never know about BUBBLES!!! Same thing with all of his "conspiracy" theories...

If the CONSUMER is "tapped-out" as you say, then why were RETAIL SALES +1% ??? Once again, you prove just how ignorant you are. Do us all a favor and STOP. Just stop posting.

Are you absolutely sure that the NFA is requiring some sort of "sponsorship" for the Series 3??? Last time I had that license, I took it ( on two different occasions, passing it on both times, 1993 and 1998 ) on my own, and then filing with the NFA as a CTA. Yearly dues were $100 to keep...

That would be the end of the WORLD as we know it. :eek:

First off, what is the technical significance ( if any ) about the 1340 level? If anything, there is technical significance between 1324-1326. After that, 1312. 1340 is meaningless.

Yawn. And that's why you are long UYG for yet another HUGE loss . . . The consumer is tapped-out, but the Banks are gonna make money again. Go figure. :confused: I guess a broken "clock" can be right every now and then. But when you are a "paper-trader" like yourself, there is never a...

How much does Baron pay you to sit around the dorm room all day long and watch CNBC, then post on ET? :(

1326 = 61.8% retracement of the entire rally up from the march lows.

That is a most convoluted way of looking at the market and the "application" of Elliott Wave ( if there is one ) is the most absurd that I have ever seen. From the October 2007 Highs, one can count 5 waves down into the March 2008 Low as applied under EWT, not 7. Wave 1 ended in late...