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30 million collecting unemployment is safer. The last thing the government wants is 30 million hungry with no money in the pocket americans. Past history shows Kings get behead by hungry masses. Obama does not want a huge population of pissed off and hungry people.

Why bail them out, I am confused about this issue. Wont it make sense to just kick them out. that would make the Euro stronger.

So far so good and less volatility in my portfolio compared to S&P500. Kind of like a poor mans hedge fund. More folks should stop putting money into these mutual funds and hedge funds and just do SPY and a few blue chips plus options instead for hedging.

Why did they join the Euro currency deal? So Germany spends all these years cutting pensions,services,wages raising taxes etc.. so they have money saved for a rainy day and now all that money is going to Bail out Greece which kept on raising pensions etc.. So The germans cut thier services...

I understand that part, if you already have the stock it makes sense. But brokers will not let you sell cash secured puts on a IRA account unless you have a margin account which makes no sense. if you have the cash to cover the purchase why have a margin account when it is not required for...

Well really why buy the stock and then write calls, two transactions when just selling the puts and having the cash put away only uses 1 transaction and is really the same thing as a covered call.

Over 30 days gold is down hard, why?

Lets say the US declares chapter 11 just like GM. The old dollars get canceled out and a new currency gets issued. What happens to house values, value of stocks etc.. Do peoples debts to banks get wiped out? or just repriced in new currency.

Interesting correlation. Since Brown won in MASS an new Bear market has emerged.

Not really, I think companies had a glut of employees due to the excess credit. Now companies have incentive to unload the driftwood and excesses of yesteryear. So you will no longer see departments with 15 layers of managers,meeting directors,etc... glut of non productive people just eating up...

Even if demand for goods increase it does not mean employment will increase. Why hire someone if you have someone doing the job of 3 people? Rising Productivity means less humans required to produce widgets. The fact is less and less humans will be needed in the future as technology and other...

Not if productivity keeps going up this fast. Last quarter it went up 7.2% Why hire if one employee can now do the job of 3.

http://www.cnbc.com/id/35233130 Wow if Productivity keeps going up this fast, I see more unemployment. Why hire when 1 person does the work of 3. What happens to the excess glut of workers never needed back?

What sucks is the IRS double taxes you on the puts. If you sell a put with a strike of 10 for 1 dollar in premium, if you get the stock put you have to change the cost basis to 9 and still pay tax on the 1 dollar.

Bought to cover today at 17.52 Profit of 20,300 Finished shorting.

Looks like Obama is forced by the Brown win not to be so cozy with GS. He was rejecting doing this for the longest, ignoring volker. This proposal says you can choose to engage in proprietary trading for our own account or you can choose to own a commercial bank," said a senior...

If Obama takes their bank license away then how will they profit since they will not have access to 0% interest loans to do those carry trades? I can see why GS dropped

GS was given a Bank certification but trading like a pureplay hedge fund using deposits and free 0% PPT money. If GS gets that license revoked, there goes the rally, the fat GS bonuses and profits.

They pissed Obama off so the PPT is going to taken away. So no more cheap money so that banks can inflate markets and bonus checks. He is mad because of the Brown situation, he is taking it personally.

Obama got pissed at American voters so he took PPT away and now he is gonna make investors pay. Markets to plummet dow 7000