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  1. M

    Germany’s unemployment rate fell in June

    Unemployment will skyrocket in 2010 once the subsidization of millions of jobs in factories with giant capacity under-utilization runs out. September sees elections in Germany. Any drastic social cuts to salvage the fiscal deficits will only be made post September, right when unemployment...
  2. M

    Who else trades WYNN?

    I've been short WYNN the last $10 (to the upside). Gotta love this stock and its squeezes :cool:
  3. M

    Geithner : Americans are "going to have to go back to living within our means."

    Exactly that. The US has a huge reservoir of "unused tax hikes" compared to the UK and Europe. That will enable the US to pay the interest on all the debt they're issuing now, at least for a while.
  4. M

    Shanghai Composite plunges 6.4% in the afternoon...

    They call this a crash already? The market gave back what like 2 weeks of prior gains?
  5. M

    Shanghai Composite plunges 6.4% in the afternoon...

    Wow big shocker there. My first thing in the morning was always to check Shanghai, closing up 0.5%-2% like clockwork, every day after day :cool:
  6. M

    High Unemployment And Low Inflation....

    There is a study out on the behavior of retail investors in stock and bond mutual funds. As one would guess they tend to buy tops and sell bottoms, grossly underperforming in the indexes over time. Over the past 20 years investors in stock mutual funds have underperformed the S&P500 by 6.5% a...
  7. M

    High Unemployment And Low Inflation....

    The boomers will have to rely on income (bonds, dividends, working) rather than asset speculation (stock prices, real estate) for their retirement. An entire generation that thought they'd all be millionaires when they're 60 suddenly realizing they're a dime a dozen.
  8. M

    1 euro = 2 dollars. Consequences?

    More fat European senior citizens would emigrate to sunny Florida and enjoy the ultra cheap cost of living :cool:
  9. M

    Much more money is owed in Credit Cards than in mortgages?

    If he's handling your account, make sure you either get another rep or move to a different bank. The guy obviously has no idea what he's talking about.
  10. M

    Stop obsessing about the economy, you’re scaring the children”

    Reminds me of <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/BA8drfZwnXQ&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed...
  11. M

    Why so many IB stocks unshortable today?

    I see many small and micro caps non-shortable at IB. All the 100 or so big caps that I follow are shortable.
  12. M

    Berkshire Profit on Goldman Sachs Passes $2 Billion

    I wasn't aware of that. I just remembered those older SEC filings from 2006. What you quoted is much more recent. I didn't know that doubling down on a failed bet is now called "managing a position" LOL
  13. M

    Short DAX at 7740

    Please stick to the truth. You said in May at FDAX 4750 that sentiment (Goldberg's survey) was so bearish that we are guaranteed to see another huge short squeeze SHORT TERM and all the bears are wrong! Then you got replies from me and A_Susilovic that sentiment indicators are no better than...
  14. M

    Berkshire Profit on Goldman Sachs Passes $2 Billion

    This was filed with the SEC in Q1, 2006. If you assume ATM options and if he entered those contracts in Q4 2005 that puts the SPX portion of the contracts somewhere around the 1100/1200 ballpark. The interntaional stock indexes probably likewise. Other than that, some puts were allegedly also...
  15. M

    Back to shorting

    Who cares WHY THE MARKET RALLIED? Does it make any difference? At the end of the day either you made money or lost money. Right?
  16. M

    Back to shorting

    Today??? C'mon you went long all the existing triple and quadruple short ETFs three months ago already. What ever happened to those? Still averaging down on FAZ? Wow, looks like it reverse split. You bought at $1000? :confused:
  17. M

    Gold: same level despite Dow surging 50%

    The currencies seriously are weird today. EUR, AUD, NZD are not acting like they "usually" do during big upward spikes in the equity markets. Regarding gold. Hey, isn't it a "store of value"? Not a vehicle for speculation :D
  18. M

    Back to shorting

    All that is valuable insight, unfortunately we have to trade stocks at the bids and asks that are currently IN THE ACTUAL MARKET, not some fantasy prices that you think the market SHOULD BE trading at.
  19. M

    Ron Paul's 3 Minute Summary Of The Causes And Effects Of The Crash

    To each his own. My kids won't be liable for insane taxes in any of the G10 countries (and likely future tax hikes) and won't be asked to help clean up trillions in debt.
  20. M

    Ron Paul's 3 Minute Summary Of The Causes And Effects Of The Crash

    I endorse looking after my own good and not worrying too much what politicians and governments say or do. If I dont like it someplace then I simply move to another country. Trading makes one pretty much independent of jurisdictions. A lot of American crybabies on ET could simply give back...
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