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Short DX futures, trading on NYBOT. Every point "represents" $1,000. The DEC future is trading at 88.2 as I write this. So for every 88.2 x $1000 = $88.2k of your trading portfolio (or total net worth, depending on how much you want to hedge) you'd short 1 DX future. It's comprised of a...

Couldn't agree more. Japan is thriving! :cool:

You obviously have ZERO clue about the facts. Buffet has been sitting on $40 bln of cash from 2004 to 2008. He stubbornly refused to invest at Dow 14,000 because he said he has trouble finding 'cheap enough' opportunities. He put around $20bln to work in 2008, most of that in the last 2-3 months.

SMA = (x1 + x2 + x3 + ...xn)/n You're welcome.

Believe it or not, even if the US goes the Japan way to hell (20 years of zero net growth), there will still be tons of public and private companies that generate hefty free cash flows, and those are the ones Buffet is after. He could care less if he can't time a bottom.

He's not a trader nor a market timer. He buys public and private companies when they are 'cheap enough'. The criteria is not 'buy when they won't get any cheaper from here'. The criteria is 'buy when they're cheap enough (for Buffet)'. He doesn't care if he can't perfectly pick a bottom...

Buy some trading software, backtest the idea and share the results.

You mean like how it was a bad decision to play superman in 1974, 1987, 1990 and 2002? LOL Buffet patiently hoards cash for panics exactly like this one. Then he waits 10 years. Likely, he finds dozens of businesses whose long term cash flow characteristics have NOT changed. He doesn't...

You dumbass post this on a TRADING forum? People here 'buy' and 'sell' all the time.

If I leave my patio door open and someone robs my house, did I create the mess or was I merely partly responsible for the mess? Banks, mortgage lenders and investment banks and dumbass US consumers were the ones who created this mess. The Greenspan FED simply gave them the opportunity.

German Blohm + Voss is owned by ThyssenKrupp, a public company and member of the DAX 30. http://en.wikipedia.org/wiki/Blohm_&_Voss I believe Mittals and Abramovich's mega yachts were built by them :cool:

That's the thing you don't understand. You don't need a quasi-religious opinion to make money. You just need a trading setup/system/methodology with a discipline that gets you in and out of a position. Have you ever closed a position with a loss because previously defined risk parameters were...

How does it feel talking to your mirror image?

Jackass. That's what you are.

Excellent post. I wonder what happened to the ET resident inflation bulls. Looks like they went into hibernation. They will be back.

Don't forget he missed the emerging market bloodbath. He was ALWAYS talking about the big decoupling theory. About how the US will go into a huge recession but China, Brazil, etc. will be shielded from all that. "Crash Proof" my ass. "Invest with Euro Pacific capital. My firm gives you...

Peter Schiff must be feeling like a complete moron now. Made all the right calls and lost huge money this year. Big difference between a talking head with a big mouth on TV and an astute trader. In Reality Schiff is no better than all the Wall St. buy and hold asshats he's criticizing all...

Why are these guys complaining? GS is just providing them with liquidity :cool:

Most of the investment banks business simply disappeared, at least for the time being: IPOs, securitization, running hedge funds/managed accounts for institutional clients, proprietary trading. Who's going to pay you a million dollar salary there when they no longer can sell worthless synthetic...

Why need insight? You got it all figured out. Go tiger!