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I believe the relentless selling in August simply caused the strong bulls to throw in the hand and I think they will swing but not invest going forward. Those that have bought for a new high, IMO, are bulls that will throw it all overboard in the next brutal down spike as the sophisticated...

trefoil, I don't think any of the bears -- of which I am one -- in this thread discount that this could be a powerful rally and one that can be a moneymaker for those that trade it nimbly. That said, some of us believe that this is a classic bear market rally and that in the relatively near...

I agree. S&P is likely to end the year a good deal lower and go even lower in '12. This is bear market rally and when it is over the velocity down will be breathtaking. The big surprises are on the downside.

Thanks for all the caveats guys. I've been trading futures for years and using equity options at times but, as many have stated, spreads in futures options can be wide and unless your limit orders are spot on and you are quick to adjust as the underlying moves -- almost always ES for me -- you...

Seems like the edge is clearly to ES. Only advantage I can see to SPY is that you can adjust size more precisely. Thanks ... all.

Does anyone see advantages of using one over the other?

While I love Deep Discount's commission structure -- cheap with lots of choices including truly professional grade data feeds -- frankly I would pay a small premium to use them. Howard, the owner, has twice contacted me on the weekend to answer a question so I would be informed by the Sunday...

I can see where some would find it annoying to have to specify markets in advance. Since I trade so few markets -- 90% of my trades are ES -- it does not affect me. As far as their risk management procedures, I agree with them. It is simple enough to take your max trade according to your own...

Before they let it sink beneath the waves they will try to save it. Can you spell I-N-F-L-A-T-I-O-N!! They need to dump the debt. One surefire way to do that.

I have just left a review of Deep Discount Trading. The bottom line is that this is a first class firm with great rates and very solid platform and data options. Check out the review. BTW, I have only left one other review in the years I have been here on ET and, given that I am a regular...

Not so cheap for those that bought Bear Sterns!

This could be the quote of the decade!

Even a downgrade of US debt will , after a few days/weeks play take a backseat to what is coming in Europe. The latest "fix" has not fixed anything. There will be fix after fix coming and each one will be too little too late. The debt holders of the Southern European nations plus Ireland...

Fine post. The example of not catching the short moves yet understanding that with his parameters they were not "his" moves to catch sums it up perfectly. Having a sound plan and sticking to it produces real money and that is the point.

Many thanks to all who offered advice. Ultimately shorties one word comment -- Virus -- proved to be correct. When I disconnected an external drive I used for backup all the problems disappeared. Thanks again, all.

Only the US Congress could find a deal that is bad for everyone ... and promises a sequel!

Absolutely correct. Even with the goosed numbers they are not going to be able to continue the fiction much longer. Within the next year this lack of real traction will result in another recession even by their standards. If the European debt situation falls completely apart in the near...

Congress failed to extend the debt ceiling in 1953. President Dwight D. Eisenhower responded by increasing gold certificate deposits with the Fed, which then credited Treasury's account at the central bank and thus increased the cash balance to pay bills. Treasury spent the profits it had...

Nothing wrong with silver as a store of value but it is bulky and storage can be an issue.

Canadian and the larger Swiss banks are among the strongest in the world. A deposit utilizing the Canadian Dollar or the Swiss Frank should hold up for him. If he truly fears fiat money than he should pay the spread and buy gold.