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I read the other day - and this is probably far from scientific - that a depression is defined as a >10% peak to trough decline in GDP. Great Depression was -30%.

Maybe trading is not for you. Look for another profession.

Isn't that funny. Wasn't this jackass Steinbrueck running his mouth in September on how Europe is immune to the credit crisis and how the European banking system is so superior to the anglo-saxon "greed-driven" model? Now he's back, ridiculing his British neighbors...

Germany unleashes 2008 emergency economic stimulus infrastructure package: "Zee Autobaan"

That's great news. Living in their car has become a lot cheaper for millions of Americans :cool:

Averaging down again? Oh boy...

Can you name a period in financial history when worldwide equities and real estate depreciated by large amounts and at the same time consumer prices appreciated by equally large amounts? Just curious.

What SP500 level did the Q ratio predict in 2002?

I suggest Bear Stearns or Lehman Brothers :cool:

Drawdowns measured intraday, end of day, end of month (which would be the standard for hedge funds)? In my own experience a 20% drawdown measured at month's end likely represents a 30-35% DD end of day (sometime in the middle of the month).

Griffin = victim of his own ego Anybody remember this ad? "Risk is what you make of it". Looks like he fell right into the crevice.

(Fortune Magazine) -- On the morning of Friday, Oct. 24, James Forese, Citigroup's head of capital markets, picked up the phone and called Kenneth C. Griffin, the founder and chief executive officer of Citadel Investment Group, a Chicago-based hedge fund that manages $15 billion and has 1,300...

Should rename this thread to trend following is not working delusion shattered

There are people that framed it and hung it on the wall:

"No Rates Cuts Before 2010" -- Mervyn King :cool:

LMAO!!! :cool:

Ok here we go: Tice expects another 50% downdraft from here (Dec 8). That would bring us to $SPX 450. http://www.bloomberg.com/avp/avp.htm?N=av&T=David%20Tice%20Says%20Stock%20Market%20Could%20Fall%20Another%2050%25&clipSRC=mms://media2.bloomberg.com/cache/vZgQiXyPqiak.asf

Japan is in a multi decade bear market. Does that mean you could have just shorted any 5% rally with your triple ultra short ETFs without stops and collect free money? You'd been blown out of the game multiple times even though the Nikkei declined 80% You still need to know how to trade and...

See that's the whole problem. You'd prefer to not gamble with the money of people you know and that trust you (friends and family) but you expect people who have never met you nor know you (3rd parties) to trust and invest with you (a newcomer with no track record) for the "long term". Rich...

That's awesome and one of the funniest things I've read in a long time.