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The US has become a banana republic. There is nothing more to say except the collapse is imminent.

I would say long gold but short bonds might actually be better. Bond values should go down the toilet. If only the Treasuries weren't being manipulated big time, short treasuries would be the trade.

Personally I'm interested in trading these contracts as a way to get a feel for forex without risking much capital. I bet they'll be a huge success too, maybe in a while they'll be launching micro everything. Can't wait.

TNX @ 2.0% anyone? I have a feeling this will end badly. China made a killing.

Not bad for a <10k account I suppose. Lots of fortunes made and lost today. I feel bad for the ZN shorts.

I am an experienced YM trader on the Xtrader platform. I am looking to trading other contracts soon, such as gold, bonds, euro, and a few others. I generally don't position trade (decided to quit after a big drawdown), but I wouldn't hesitate to if I saw a good enough opportunity. My (new...

I use thinkorswim paper money for futures charting. It is a bit laggy compared to professional or live TOS charting, but hey it's free. You need to have have a TOS account to use it, but it doesn't have to be funded.

Takes forever to get a quote on the iPhone stocks app. People are definatly panicking right now. Huge vol on the indexes as well. Funny how the market gapped below 7k like there is zero support.

30% is my guess. Its bad.

As long as you got at least 512 ram and your not running Vista your good.

Buyers strike. Who wants to buy stocks when everyday they go down? Next target -> 4400 by year's end. Another 50% yearly decline for the win.

Jewish Studies at Yeshiva University. :)

Thanks for the replies, but I wish someone could give a more definitive answer. Say a bank borrows at 0.1% from the fed and uses the money to make a 30 year home loan to a prime borrower. Say the rate is 5.5% fixed. Now assume the borrower pays the loan diligently not missing a payment for 30...

Consumption tax is a horrible idea. How would you like to have you savings which you paid taxes on the be instantly devalued 10%? :confused:

Obviously, if there is a period of high inflation people with fixed rate loans make out very well. That is because they will be paying back their loan in inflated dollars. But economics teaches us that there is no free lunch. While the borrower makes out well, another party suffers. My...

Market tanked even before he said a word. :)

Agreed, but there are low barriers to entry and it's easy work. The brokers and the exchanges are really the only ones who make money over the long run. But it takes a million times more work than setting up a retail account to start a brokerage for example.

Agreed. But if the actual bank holding the segregated account fails, you're out of luck. I don't know of any president of this happening; I believe it is unheard of in the futures industry. I wonder how much futures account money is directly or indirectly exposed to BAC. If it were to fail...

Wrong, if BAC fails you'll lose money even if its segregated. That being said: I have futures account money at BAC and I'm not worried. If BAC were allowed to fail, large parts of the US economy would collapse within days. Just read on wikipedia, BAC has relationships with 99% of fortune 500...

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