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Value investors always talk about having a margin of safety by investing in companies that are liquid and are bought at undervalued prices. Would this margin of safety have prevented Buffet or Graham from blowing up during the 1929 crash?

No doubt that we are at the end of a 500 cycle that started around 1450 (end of the middle ages, start of globalization)--culturally as well as economically. Is the next leg facism? I sadly have to agree. What type of facism? The kind that brings with it currency debasement (a la Soviet...

Meaning?

Is fair value cheap to you?

... still waiting for your reasoning being the upcoming hyper-inflation catastrophy. This is economics, not literature 101.

Think about what you are saying: PARABOLIC MOVES...

No. Incorrect. At 6000 it would be just a bit under fair value. Can your crumpet of a mind wrap itself around the following chart?

Then what's the point of this thread?

Japanese real estate has been in a depression you fool.

And neither are you, judging by your posts.

Neither does the perma bull "OMG DOW at 14,000 in March" fade.

Give me a stat that shows that the majority thinks that 6000 is next.

What made you think I was making an intra-day call? I guess your "paper-trading margin account" mind-set doesn't let you think beyond a few hour's time.

Down we go, next target 6000.

Does anybody here use a fundamental strategy (a la Buffet, Graham, Lynch) to pick stocks? Have you been beating the market consistently? It seems to me that even though the market efficiency hypothesis may be correct in certain respects, it can at least be said that it holds up the least...

Lol. Have they cleaned up their act some sine the Lehman blowup? Why not migrate to a real ECN.. oh no, what, we've had this discussion before. :D

Yes, however, with such tight risk rules those intraday returns must be backed by a sharp edge (one that lasts and there aren't many out there). Most traders producing 200% pa don't have a sharp edge but are merely taking excessive risk--something that isn't revealed until they blow up (some...

8-10 pips? You should be able to get the baby down to about 3-4 easy. :D

Think over the long term. I mean 20-30 years. How many traders survive this long? Can they beat the market average over the long term? Sure, you can bag 200-300% one year, but one large draw down and you are back to the market average. Focus on compounding, not big, fast returns. Trust me...