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Thank God I survived yesterday's ultra-black-swam with little losses. I closed the week with a little profit, even though I gave back 90% of my week's profit yesterday. Now I have no position, and I AM PISSED! Pissed not because I gave back some money yesterday, that's part of the game, but...

In my opinion the most important thing that happened today was that some (many) stocks traded at absurd prices. For example, there were 18 trades on accenture at 1 penny, see: http://www.chicagotribune.com/business/ct-biz-0507-markets-chicago--20100506,0,5785472.story !! acn closed at 40...

I had a lot of problems with spy option trades in the last 1:30 hours at IB - the trades just did not go through. Anyone else had problems here?

Wow. wrong call.

Now the tdayboyz show up out of nowhere and we finish slightly positive for today.

I was, looks like it will target 1177 if not voided. But I won't trade more today

I'm done for the day. This oil spill is nasty. a lot of people can lose jobs in the coastal states reached by the oil. Horrible tragedy. This plus the PIIGS, and maybe we will see 110 spy on next option exercise.

The "audit the fed" amendment is gaining steam. It is reported Bernie Sanders has 33 co-sponsors to the amendment. http://www.businessinsider.com/dont-look-now-bernanke-but-the-audit-the-fed-amendment-is-gathering-steam-2010-5 Please contact your senator and support this legislation, which...

I think that the market is reacting well because it believes that more bailouts are coming, and the stock market(s) loves this crazy liquidity. Money can be printed by central banks (just ask bubble Ben!), but company stocks can't (supply and demand). But if Greece defaults, (and I think it...

Wow. I tip my hat to you EMG, I don't know how do you get your points, but it is working, you have been incredibly precise in picking inflection points

Yeah, I second that. IMHO, this market detached from fundamentals, and even most news over 1050 spx.

Pretty difficult to pick a side in this range; trend is up so far, but there's the gap hanging below... Waiting on the sidelines.

Government agency's secrecy and democracy don't normally walk hand in hand. Think about it.

Please contact your senator and support this legislation to audit the FED. The FED is not the owner of the money; the money BELONGS TO THE PEOPLE. The People have the right to know what the FED is doing. http://www.huffingtonpost.com/2010/04/27/broad-bipartisan-coalitio_n_553305.html

The entire world worried about government debt, scrambling to find solutions and bubble Ben is blissfully unworried, totally nonchalant, printing money on top of money and making money "free" to the banks. Crazy, absolutely crazy. (disclosure: I made money today, and currently have no position)

out of all longs, on the sidelines

I think we go to 97 - really bad news day, the boyzs gonna love to rig up a little. playing long with short stops

Very tight range. I holded a little scalp for hours, my hand has cramps. That's it for me today. I think it will close about 122 on spy

Only surprise for me today so far is that the market is going up and so is the VIX. That has been rare lately.

EMG, thanks for your postings. You have been incredibly accurate with your picks. One question, but only if you feel ok to answer: if this trade had 70% chance of not working out, shouldn't you take the trade on the other side? or that would be against your system? Cheers