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The fund you manage and the strategies you use are two difference things. In fact, Buffet's approach is much less scalable than forex or futures.

What is disturbing is your reading comprehension.

Hey, here is an idea: Do your own fucking DD! Let me guess. Next, you're gonna pay us to wipe your ass for you? That will cost ya more than 100 USD, buddy.

What makes you think you have the cranial capacity to spot an intelligent response?

Look at the volume that accompanies these moves. The big boys are just waiting for the retail suckers to jump into this basket. Something doesn't smell right...

Unless you are swing trading, you should stay away from any stock. Overnight risk is too great.

Thank you very much for your post, James. Your comments are much appreciated. I thought so, I was simply applying basic the basic concepts of the financial markets to try and understand the art market. I'm not such a disbeliever in the EMH to think that potential returns of several 100...

How do professionals trade the art market? Do fundamentals even exist in the art market? There are indexes, but since the art market if fairly illiquid compared to the financial markets, they are very volatile. It seems to that it is purely based on insider information (or simply gambling).

The article mentions that the government subsidizes rents... who knows...

Exactly! That's my thinking exactly. That's why I posted this on ET. Btw, SPCSDET is the ticker the S&P Home price index for Detroit. Still looking for a better chart... http://www.bloomberg.com/apps/cbuilder?ticker1=SPCSDET%3AIND

http://news.yahoo.com/s/ap/20090309/ap_on_bi_ge/landlord_nation Investor trap? Well-built homes for 6,000 USD? Sounds like a good asset play where you part of the home for free. What do you think? According to the article, Detroit has on eof the higest renter to owner ratios in the country.

When hell freezes over...

The future must necessarily conform to the past? That's what one calls a logical fallacy. Just saying the market will keep going up because it always has is like saying that a trend has been so strong for the last 100 years that it must necessarily continue. Read up on EWT.

Not so fast. The S&P average may not go to zero, but the instrument you are trading actually can if the company issuing the ETF goes bust.

Why fight the bearish trend? And certainly, why not just focus on SPY? At one point you'll be facing liquidity problems with your order sizes anyway...

If you believe in catching falling knives you won't last long, I'll give you a few months at most. By the tone you are using it is clear that you good sir, are another typical, ET loser. Go back to paper trading before you lose it all.

You are calling Peter Lynch an idiot? He always waits for a bottom signaled by price action and it made him 13 billion. And you are worth how much?

Probably the most incredible era since the end of the middle ages is upon us. A 500 years cycle seems about right actually. That is how long the Roman Republic lasted (about that).

Being contrarian doesn't mean you'll get the timing right.