So it is then ignorant thinking things CANNOT go this way. Remember the Asian currency crisis a few years ago, with stock markets like Indonesia down 80% and currency down 90%? Remember Zimbabwe?
Collapse of markets, banks, housing prices and commodity prices is exactly what happened 1929...
Well, for those above who were thinking bottom, things looking up, etc. , I hope 533,000 lost jobs tells you things are not under control, and seeing people in the mall or trucks on the road is irrelevant.
There is still a good chance we will see:
Who would be a buyer? During the Great Depression, commodities sank REALLY low. If this happens again, oil might go under $13 a barrel, not so long ago.
Isn't it frightening to think it has gone down over 70% in a few months? What if it does another 70% again?
Wanna be long 30-40...
Quote from romanus:
It only makes sense that since the Nature follows specific laws the same laws should be applicable to price movements.
No it does NOT make any sense. Does going into your garage make you a car? People keep saying this about Fib, but is is completely unfounded...
Just google on NYSE floor, using image search...
http://images.google.com/images?q=NYSE%20floor&ie=utf-8&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&sa=N&tab=wi
Why is it so hard for people to ignore the daily news? See the car sales down +30% in the LATEST month? notice the dire predictions for the christmas sales? The only bottoms around here, need toilet paper...
This sounds strange. Why not just let the non-US resident use the SAME password?
I believe there is something in the agreement with brokers like IB that prevent the accountholder from giving others access.
There is more than just international or money-laundering. Some people will access...
Think what kind of shape our federal govt would be if amassing debt was unconstitutional. "Pay as you go."
It is frightening what a big % of our budget goes just to make INTEREST payments. Imagine what it will be like 5 years from now, after all this stupid interference with free markets
No one can call a bottom or top. But a lot of people here keep trying. If accidentally right, then they crow to the high heavens.
Traders don't try to do this. They trade what they see - trying to extract some part of a move, and being willing to take some losses as the cost of doing...
For one thing, we have a huge trade deficit that keeps getting worse. Everyone wants to sell here. That is called "leverage." There is almost nothing built in other countries that we could not build ourselves.
We have an open market. Unfortunately, many others don't. They are free to...