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Last time I looked there is no bell rung to indicate if a bottom is real or just a headfake... before the fact. VIX, capitulation, perceived panic etc. are all subjective and anecdotal and only make perfect sense in hindsight.

Really. So I guess we can all just short LEH with no stops and ride it to zero for a risk free 100% return?

SPX points? :eek: :cool:

Congrats to all the winners :cool:

If you're such a genius trader, why not just trade ES long and short outright? Why sell naked SPX puts in the first place? Why not instead use the margin to trade more ES?

I agree, there are different schools and philosophies. With the Soviet Union gone, we lack a good comparison as to how different economic systems perform these days. I would love to see a sizable developed economy (got any recommendations?) abolish all but the most necessary government...

You still can walk down the block to you bank and do business, can't you? Or do you see a "Sorry, we're closed indefinitely for vacation. Come back later." sign on the door? There's your benefit right there. Send Bernanke a thank you card.

Yes, they do happen even with rate cuts, but arguable rate cuts can help cushion against irrational panic and bank runs. The question is how bad would it have been if the Fed hiked rates instead? Who can rule out the (remote) possibility of the financial system melting down completely "beyond a...

Where are all the geniuses that were screaming the Fed should have hiked back in January? LOL

Is this 'hedging' or are you all of a sudden caught trading the underlying outright?

You mean like the market forces (panic, bank runs, etc.) did their work during the Great Depression? Oh yea that worked out fine!

Gold mining stocks still looking fragile after being slaughtered, sitting right on multi year support (on the $HUI). This could spell trouble for gold and short USD plays.

NFP tomorrow 8:30 EST

If they go down, just add more. You can't lose! You found the holy grail of trading, simply add to losing positions and then sell at a profit. Can't fail!

Fed Yellen, Bloomberg - 42 minutes ago: "``I assume with pretty high probability that the next move is up and I would be quite open minded in terms of exactly when that would occur,'' Yellen told reporters today after a speech in Salt Lake City."

What a difference 2 short months make.

IMO the jury is still out on Bernanke as this will take years to play out. We will know in hindsight only. But I guess the market is waking up to the reality that Dr. Trichet and Prof. Dr. Weber are the real academics here, not Bernanke.

This sure looks like a "The ECB is not getting it" slide. It's great to see Trichet & Weber getting their pompous aristocrat European asses kicked like that. Beautiful.

How come we're not hearing from Jim Rogers recently on how the "Fed must hike immediately in order to avoid inflationary Armageddon"?

How about your "crude oil is the new safe haven" theory? How did that work out? LMAO