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And you base this on having been on this planet for the last 25 years, or your 5,880 post count? How do you know these things given your most "limited" amount of experience? How many recessions have you been through? Were you even born yet when Paul Volcker was Fed Chairman?

Yet another useless thread on ET started up in the TRADING FORUM that has nothing to do with trading. As someone that got my first job in 1984 from Victor Sperandeo on the NYFE, I would actually know. Thanks for playing.

And what does this "thread" have to do with Trading?

Yet another value added thread on ET, full of insight from an experienced veteran trader. Will this place ever become more of a "play by play" message board by wanna-bees? That, my friends is the REAL question. :p

That's right DETECTIVE! You tell them how to really put the US Economy into a Great Depression by RAISING RATES in order to stabilize the Dollar . . . Sounds like a wonderful plan! Moron.

S&P's down 38 :eek:

He might be right this "time" but he sure was wrong about the MELT-UP that he was predicting into the end of last year, from Thanksgiving on . . .

You are highly ignorant. http://news.bbc.co.uk/1/hi/business/6988540.stm From Sept. 11th, 2007

Congratulations Aaron! Every day you come onto ET and post the most absurd stuff . . . And once again today you showed how completely ignorant you are. :) The other day you asked if the FED could put a price-cap on crude oil, a GLOBAL commodity! Earlier today you stated that the market...

No my friend, you are the IDIOT. And Chairman Bernanke will be the first one to tell you himself ( as he did week before last in front of Congressional Subcommittee in response to Ron Paul's questions ) that his mandate at the FED does not involve placing a "value" on the US Dollar . . . it's...

You don't seem to realize that a "run on a bank" and the counter-party risk that is associated with that can occur in a period of 24 hours. It can happen that quick. If it didn't happen that quick, then there would be no need to call up the FED at a moment's notice and say we need HELP...

Just an FYI . . . When listening to Mr. Aaron Copland please keep in mind that he would describe the current market action as "trend-less" . . . with no clear cut direction as he claimed in this earlier post today: 03-14-08 09:58 AM We have been in a range all year no clear direction...

Wow, are you related to the guy at all? Looks like I struck a nerve. I continue to maintain that he does NOT trade. It's easy to make all sorts of "predictions" ( and maintain your sanity through ALL of the "chop" that you point out ) especially when you don't have your OWN capital riding...

But there are other "factors" as well because during periods of panic selling the large-cap multinational names usually get SOLD first because they are the most LIQUID. - - - And such selling can wind-up creating a low even as technical support levels get broken.

Leave it to people like you that enjoy posting "sensationalistic" headlines in the TRADING FORUM because their "Reading Comprehension" never rose to the level of a 5th grader . . . The TRADING FORUM is littered with this kind of junk and is one of the reasons why ET has gone down the tubes...

You don't get it. The "liquidity" hasn't realistically been there for awhile now.

It's not a matter of how many times a certain level is "tested". . . What is more significant is what the internals tell you that make up the index because it is capitalization "float" weighted.

And why is this posted in the TRADING FORUM???

Bear Stearns just folded with a balance sheet of $350 BILLION. Take a guess ( genius ) as to who else and how much more would go under if the FED sat idly by in the last 48 hours? The amount would be staggering. And the contagion wouldn't be simply centered here in the U.S. Again, your...

I never said anything about Barron's. You obviously need a course in "Reading Comprhension". How old are you?