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Because he might not be able to pay even that 5% rate if he gets a $5000 financial turbulance in his life.

Just read and clap and bow for me :D I believe every person who wants to buy a house and get a mortgage should pass a test (like citizenship test) to test his basic knowledge about market and interest rates and... To make sure that what problem he might get into when like the interest rates...

A question: Will you buy a car that runs on coke or beer or wine or bottled water instead of oil? Definitely not. My point is that oil is dirt cheap. The reason is that middle eastern countries own some part of it and they can not price it right. What would be the price of oil if US or Europe...

I don't trade crude future. I just trade OIH and equity options. I use my sentiment on crude to find my direction on equity. I am wrong many times. I shorted OIH at 185 and it was a good trade. I believe if crude goes back to 80 and if it is added with a rate cut, can be very bullish for...

My reasons: 1-recession fear and slowing global economy 2- short term pull back from its high 3- Gut feelings !!

Thanks you answered my question.

I am not dreaming. I was trading at that time in Canada. But I don't remember it was only a TSE rule or .......

I remember back in 1998 time frame when emerging market was crashing, and the market dropped 300 points , they closed the market for an hour and after it was reopened and the market dropped 500 points, they closed the market for the day. I don't even remember that it was TSE (Toronto Stock...

Tomorrow market will "SURGE". DOW will be up 11 points :D

I am using webtrader simulation account and I plan to close a position but it does not go through. It is a market order and it is just sitting there. I cancelled it and reentered it a couple of times but still the same. The stock is AMZN.

A couple of months ago everyone was loving the free ride up. :confused:

I don't know much about TOS but comparing Fidelity and IB is comparing day and night. Fidelity routes his options through IB (Most of the time). IB may have some problems but others have tons of problem (actually I call them cheating and not problem).

I did not mean that fake orders do not happen on active stocks. I wanted to say it was beyond my power. I was manipulating the stocks in my range.

I always put fake sell or buy orders when I want to manipulate a stock and it works. Not on very active stocks. I do it on stocks with 500K average volume. So Level II shows reality and manipulation.

No It is "www.newsstrike.com"

Let me tell you what you are missing. I have a good experience on that. 90% of the time, you will make little money and once you make a mistake, that will wipe out all your profits. It has happened to me many times. I shorted AMZN when it went up from 35 to 52 and I was sure I will be able to...

Let me go against the crowd !!. I believe your friend is right. Yes there is a way but that 10%- 20% gain is not guaranteed. Say you have 1 million dollar. You put that in a CD with 5.5% interest which will make 55000 in a year and then you spend that interest in a rather risky (not naked)...

I don't see inflation as a big threat now when recession seems a bigger threat. If you ask me in the last 7 years, inflation has been at least 40%. Food, tax, energy, postal stamps, tolls, house,.....

And baby I love that I went with a 5year ARM for my mortgage at 3.875% in 2003. Now 15 year fixed is 5.12%. All my friends were warning me of higher interest rates but it seems that I will be able to refinace at 3% in 7 months when my ARM period is over. Market might go up on Monday and Tuesday...

Georgy says economy is doing good. You don't believe him? :D