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Watch out when your wedgie fails :cool:

Why does trendfollowing work? Because there are always sheep (like the OP) trying to catch falling knifes thinking this time its a "classic historic bottom" (or a top for that matter).

I think Paulson & Co. has a huge position in ROH. They cleaned up nicely it seems.

We'd need a Businessweek cover titled "The death of free enterprise" for a potential bottom in equities :cool:

Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population...

No disagreeing there with you, gnome. David Rosenberg, Merrill Lynch: "What can possibly be more stimulative for auto sales than a slump in gas prices from over $4 a gallon to $1.60? And yet, it looks as though in January, auto sales barely came in at a 10 million unit annual rate, which...

I'm amazed the US government didn't even "think for a second" (quoting Paulson) to stabilize Lehman and lead it into a controlled run-off but they're discussing how they can keep GM on life support.

Maybe the 1933 low would be the target for the "huge, final wave down" that Prechter saw coming after 87 -- but never came :cool:

Could be a pension fund or sovereign wealth fund. Berkshire didn't disclose the identity of the counterparty/-ies on these contracts.

You just do it. What is the problem? Scalability is not a problem. You just don't only use fundamentals but you use technical factors in your decision making. The entire thread is moot.

Yes but I was talking about the chances of succeeding as a professional trader that trades full time and lives off of trading alone. Capitalization is a key ingredient -- just like in any other business.

How many successful brick & mortar businesses were started with a) 5k starting capital b) ZERO competitive advantage Now why would the end results be any different in trading?

How do we know Japanese savers and retirees were heavily exposed to the Nikkei or real estate in 1990? The exposure to stock markets of American households has risen from the 50s to the 2000s, not sure at all about the Japanese.

Stop trading immediately. You don't know what you're doing, why piss away your money? Go back to the drawing board. P.S. What is your capitalization? If you're trying to make a living from trading as a business, you should -- next to having a competitive advantage and a solid business plan...

Does Rogers still subscribe to his BS "18 year commodity supercycles" theory? He still doesn't admit that this is one hell of a commodity implosion and bear market? He was using the "18 year" line in every interview over the last couple years. He stopped mentioning it lately.

If you can return 20-25% annualized average with low month to month drawdowns (<20%) over a long timeframe (20 years) that will place you among the top 0.5% of all traders, investors, prop desks and hedge funds worldwide.

"It's not a question of enough, pal. It's a Zero Sum game - somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred - from one perception to another. Like magic."

Good article here on savings rate and historical US individual investor holdings in US treasuries. Who says there won't be natural buyers of the debt if China starts shedding treasuries? US disposable income is $10 trillion. China holds $0.75 trillion in US debt. If China wants to dump 50% of...

Wow a UNIX geek. Did you see his picture, too?

None of what you wrote makes any sense. The macroeconomic savings rate has NOTHING to do with "savings magically appearing" in bank accounts. Paying off debt = increasing savings in a macro sense. Disposable Income = Savings + Consumption Chinese exports will get hurt badly as the Western...