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Risk management? These guys were selling naked puts :p I am amazed they can talk dumbass investors into paying 2/20 for their 'expertise' to short naked ES options. Fat tail events happens rarely, but when they happen they tends to wipe you out.

Two questions: 1. In the market data dialog, one can specify if one wishes to get stock and/or option data from eSignal. What about futures data? Can I feed stock data from eSignal and futures data from IB into TWS simultaneously? 2. IB stock data has limits to how many symbols it...

Interesting article in Forbes about Schiff, dated February 2008 (i.e. before his entire investment theory blew up): http://www.forbes.com/forbes/2008/0310/072.html His managed accounts must be down huge from the spring/summer peaks. Foreign/emergings markets down 50%+ and emerging market...

Just like the perma bears have their day in the sun, the perpetual bottom callers will eventually get it right.

Thank God. I'd always rather see massive inflation than massive deflation.

Couldn't agree more :cool:

My honest answer. Daily price swings at these levels are random. I wouldn't read too much into today's bounce. We're down 7%, we're up 5%. Same shit, different day. If we manage to base here for a couple of weeks (better: months) and break through 1050/1100 with good volume and a lot less...

Really now? Explain to me please, in the following 1974 chart: WHERE THE HELL WERE HEADLINES POSITIVE???? A. June: New car sales drop 24%. B. August: More Watergate disclosures, heavy selling. C. August: President Nixon resigns. D. October: Franklin National Bank collapses in biggest...

I didn't make any prediction whatsoever. For what I care the SP500 could implode 25% tomorrow. I couldn't care less. All I said was a) The fact that we're in a recession or depression doesn't rule out large price swings to the upside. It has happened before. b) Bottoms happen when all...

1974! See above. Reading comprehension?

You're an amateur trying to rationalize why the market moved the way it did, nothing else. Did I say this is a brand new huge bull market? No. I said you can't rule out the possibility of a big move here. What you clown said that BECAUSE THIS IS A HUGE RECESSION there is simply no way we can...

Here's the reason: you were short Good luck rationalizing market moves, trying to pinpoint headlines with price action. Especially with the VIX at 60. :cool:

You moron don't get it. Did you look at the example from 1974 at all? The SP500 rallied 45% 8 months before the recession was over. In fact, it bottomed before the economy bottomed. WELCOME TO THE STOCK MARKET, PIKER! You don't need a recession to be officially over for price to make a...

You sir, are wrong. News come out after major tops and major bottoms, not before. What was the news at the test of the bottom in Dec. of 1974? The recession didn't end until 1975. Unemployment peaked at almost 9% in the summer of 1975.

Even if the markets and your beloved MOS, RIMM, AAPL, GOOG, KOL etc. rally 75% from here - which would be a fantastic bull market move - you'll still be down deep in the red. Ever thought about that?

That's the thing that has been working like clockwork in this market actually. In and out until it stops working. Then it's back to trading breakouts out of solid bases.

This year, yes. He'd be blown out of the market during many other periods though when you thought you had to go all in 200% net short because the world is coming to an end - when it didn't. 1990/91, 1994, 1998, 2002/3.

Why use those ETFs when you can use futures to achieve the same effect with way lower cost and tiny spreads?

I wonder how the million or so British retirees are doing with houses bought in Spain, France, Italy and Cyprus on a EUR mortgage and their pensions coming in in GBP? GBP down 22% from 18 months ago vs. EUR. Should open up awesome buying opportunities for some real estate along the...

Wasn't King yapping about inflation just 3 months ago? :cool: Shouldn't the BOE hike instead? GBP is imploding. They should hike to 9% asap to support their currency and to help 'clear out the system'.