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???? Just curious. Days like these sure show the importance of risk management. It's war out there! Ain't it GREAT? Good Luck!

Save your energy, you're supposed to come here to learn from the "Elite Traders" assembled here. They know not of which you speak: percentages. LOL

Yeah so head for the hills because the interest rate went up .26 bps but GDP is above 12%. I agree sell everything across the globe, China is out of control and is about to tank into the '08 Olympics.

Simply put you are an event trader. Nothing wrong with that, but either you need to work harder researching more events or start branching out to greater and more diverse trading. You will be in trouble when the M&A activity decreases or the market turns. Right now it's kinda hard to throw...

Currently 35 (will turn 36 this month) and never felt better. I have been investing for years (since age 19 or so) and trading/running my financial business full time the past 3.5 years. Although daytrading is only a small portion of my time/effort and can be rewarding, you will find that as...

If the conditions change, you think that a new guy at a financial institution/trading firm is going to be safe? Sounds like you really aren't that successful/confident as a trader or you would be more secure in your abilities. I do give you credit for giving a bull market its due. Many here...

In regards to the OP's initial post..... it's very easy to explain, a rancher once told me this: "Making money is really a very easy thing to do. It's keeping the money that's the hard part." As I have found to be true here at ET over the year I have joined, there are many smart people...

Okay, whatever you say. BTW, those lending rates were from the year 1997. Not really that long ago. Not surprised it isn't an econ. degree since it's obviously in English. Now who's being childish. It wasn't meant as a slight to you to point to your youth, but hey if you want to...

They relaxed credit requirements because they had more money to lend. Money was cheap and they took on more risk. And yes, I still want to know how old you are. Nothing childish about acknowledging your age or putting the discussion into context. I'll even bet you have a fresh new...

LOL, you don't even know what tight credit is. LOL, you're killing me. Seriously how old are you? You can still get a 30 year mortgage under 7% all day long. Hell 8% isn't even tight in my book. Get a clue. Do you even know what the interest rates were during the last expansion. I'll...

So the only ones losing their houses are the poor? No. Many people losing their houses are losing their second house, not their primary residence. Many people are taking losses on speculation homes. As far as credit and the consumer, well you obviously aren't an American citizen or live in...

The real driver for the economy for the past several years has been global expansion that has been fueled through cheap money and lots of liquidity. The real estate excess is a result of all these things not a driver of them. You just answered your own question. The buyers of these houses...

The last piece of property I sold I talked to the appraiser that has been doing real estate since the 70's when "condos" were first invented. Pretty reliable source of info. in my opinion. He recalled the very late 70's and early 80's when people that were selling their houses actually had...

Oh yeah forgot, throw into the mix a savings and loan bail out through the government. Like I said, can't give any of these dorm. room daytrader tards. with 10 share lots on the line any credence. P.S. There are individual companies announcing buy-back programs the size of the subprime...

To the less market experienced, subprime = the sky is falling. To those that have been around for a little longer, it's just another story that a resilient market will once again absorb. To tell you the truth my skin is a thick as bull leather these days. Now having lived through an...

Also forgot to mention that tape reading is about the only way in real time to identify accumulation or distribution. TA can indicate these things but lags and usually the move is already well underway by the time the indicators identify the movement. This is one of the biggest advantages to...

Reading the tape takes a lot of time investment. I primarily trade stocks through reading the tape. That doesn't mean that I don't use charts to help identify support/resistance before taking to watching the tape. Once I have identified support and resistance areas (use a couple of different...

As I have stated before.... WHO CARES IF PEOPLE ARE LOSING THEIR HOUSES WITH THOSE MINIMAL DOWNPAYMENTS? The environment got overheated and many people that should never have been buying houses in the first place did so. They got into those houses with minimal downpayments due to the fact...

And remember when the dollar was strong? The Euro was worth like .80 dollars not that long ago (about 6 years ago)and deflation was all the buzz, that wasn't all that great either. Yin and yang my friend. So what if the average American is tapped out, they're not afraid to mortgage their...

Go hire a hooker if you want some fun. Fun should not be on the list of criteria for anyone that wants to make consistant money trading. Good Luck!