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UBS lending out billions to Eastern Europe is one thing you can't pin on the american home owner. It will be quite interesting to see how Europe reacts when it is finally forced to take some responsibility for it's own actions (without blaming the U.S.).

Turns out that Japan was in a double bubble. It's own and the global credit bubble. The Nikkei is just coming a long for the ride. Suicides in that conutry are high enough. Very scary stuff.

...then pack your shit and move to old Europe. Oh, and you'll need a time machine, btw.

Boy, when the shit runs, it flows...

youporn.com

Yes you did:

What makes you think that there aren't traders younger than 25 in this forum?

GLD has the largest liquidity after SPY, and since spot positions are risky when shorting, I'd opt for LEAP Put options on GLD.

In fact, it could be argued that picking stocks in general is a fool's game. At least index futures has a slim chance of going bust.

Lol, it becomes a problem if you trade forex. "Ups, should have bought EUR instead of USD." ;-)

Investing in banks is like stepping into a land mine field. Who knows whats "off the balance sheet". Common shareholders would certainly never find out.

Buying and holding the SPY is like trend following without proper Risk Management.

I agree, but my point was that individual stocks can move as sporatically and without notice. However, as was mentioned Elder was probably refering to the pit traded S&P500 contract, which was much to big to handle for most retail traders.

But wouldn't that mean that the SPY is less trendy as well? It seems to me that directionally at least the S&P 500 index (and its derivatives) is probably the most trendy market out there for position traders. Where you talking intra-day?

fearless, I agree.

Thank you for the useless post.

Perhaps you are right. It's from 1993.

Could sombody please explain how it is possible for the ES to trade after-hours when trading for all of the 500 stocks in the S&P 500 has ceased? Also, does the ES determine the value of these stocks or it is the other way around? It doesn't seem possible that one could have two different...

Quote from Trading for a Living: Coffee and cocoa move as fast as the S&P? Huh? ES is perhaps one of the most liquid markest and it doesn't move that much at all. It would be much easier for a larger player to manipulate cocoa than to manipulate ES. In fact, ES (SPY) is one of the safest to...

Ah, we could be talking about different time frames. Intra-day the ES is one of the hardest to trade--the competition is enormous and you need a very sharp edge to trade it. However, if you plan on holding for weeks or months, ES or SPY is perfect and much less risky than single stocks for trend...