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Putting my original belief aside {regardless of debt ceiling negotiation crap} that market will crash sooner than later because of fundamentals, I believe this scenario is rigged. Market is going down 50 points because there is no deal so it can go up 400 points if there is a deal. By the way we...

It is ur money. You can buy whatever u want. Dont ask me.

Will all due respect you are disagreeing with traders who are complaining about manipulation and QE and then you go ahead and complain about volatility and volume. There are lots of stocks that are volatile enough. An smart trader changes his strategy based on the market. If you were long on FB...

When market goes up, more people benefit and become happy but when the market goes down, less traders benefit from it. Many people can't understand what is shorting a stock. I believe QE is now directing people to put more money into stocks and the gain gives them a feel of being rich so they...

Prefect and true observation. But my experience says it won't stay like this for a long time. It is like this because people have nowhere else to invest. Most of the cash is absorbed by the stock market as CD market is dead. Regular investors will pay for this mistake/greed again.

This is today's chart.

I was checking YM's 6 months chart on August 20. I drew some lines and also drew a danger line which I believed if we hit that line, we should go much lower as it could be considered as a resistance line. Today I noticed that we hit that line. Let's see what happens. Remember I am talking about...

You can go long TZA and also sell covered call at higher strike prices to cover TZA decaying. By the way TZA does not decay in bear market.

Watch for a huge drop on small caps and IWM as we get closer to the end of August. Good bet is to buy TZA. You should have the heart of steel for this trade but it should be very rewarding.

I know what you mean. That makes the pullback more dangerous. The only shining thing is the false hope of being rich by stock market. When that carpet is also pulled away, You will see lots of cries. By the way people have learnt to be in debt because government will help them if something...

Market is up but IWM is up like crazy. Market will pullback but IWM should crash. Small cap average for the last 10 years is less than 5% and 80% in 7 months says something is not right. I don't advocate shorting IWM while I am short but I like to discuss about it. I know that I will get lots of...

Good response. Many stocks drop after a temp upgrade effects.

I have had account with IB for 12 years and I was also liquidated on my option position but they were well deserved liquidations because I was exceeding my margin. Actually IB has saved my ass a lot. If IB does not liquidate me when it should I will close my account in a heart beat. If after...

I see market is moving in my prediction. I am not boasting but this is wake up call for longs. Early signs of selloff started two weeks ago

I see selloff will accelerate towards the end of today. If it does I believe this will continue for a few days and then the market might become directionless and no enthusiasm to buy. Turkey crisi should have a big effect on middle east's stock market that should spread to Europe. Turkey's...

If the bubbles had a feel and look, many people could avoid it. They have a feel and look after they burst. Not before that.

Great vision. Many people are buying a house not because they can afford it. They buy it because they are SURE it will go up. I did the same thing in 2002. You will buy a house when you have a house and after 6 months they will tell you your house is valued 5% more and then you smile and after...

When you are a CEO or a top guy in a company and come to work at 11AM and leave 2PM and go to a bar and talk about future direction of technology and get 300 million a year as salary and compensation, money loses its value to you. You come to a belief that a gallon of milk costs $2500, a house...

When a stock pays dividend, on ex dividend date it opens lower (the same amount as the paid dividend) so basically you will not lose or gain anything just because of dividend on that day. Say a stock is tarding at $60 and it pays $5 dividend. On ex dividend date, it opens at $55 while it shows...

Fidelity sometimes routes its option orders through IB (at least it used to) Now they more use Citadel.