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The bond market is also subject to the forces of supply and demand.

Joe six pack will not feel a thing. If he has a job, can pay his bills, and food prices aren't going up, a default will not matter to him one bit. Can't say the same thing for federal employees. They will feel the pain. This is a government bubble. The sooner government stop borrowing, the...

1) U.S. has already defaulted. 2) Inflation is going to strike. When and how high, that's the question.

Perception? I think not. The reason people don't see is because they don't understand or don't know what to look for. Information and understanding of that information is key. Read somewhere that understanding of the market comes to you little by little. The information was right there but...

A century implies you don't think it will happen. But the reason China have to unpeg has nothing to do with employing people. It is the adjustment process. Pegging makes the adjustment process impossible. It allows us to import while not exporting. As far as when China unpegg, i don't...

Why do you think they won't?

It seems clear to me that people fail because they approach speculation the wrong way. Most people like to learn the how's (methods, techniques). I like to learn the why's. It seems logical to me that if you know the why's, the how's are easy.

One factor, and a major contributor, is the Chinese peg on the U.S. Dollar. U.S. is still able to import a lot of the consumer goods from China. Once China unpeggs, and China will eventually, U.S. will not be able to import much of those goods. Unless we're able to manufacture those goods or...

The OP needs to learn about money to have an understanding of inflation. Lots of kool-aid drinking 'traders' out here. Inflation is by definition the increase in money and credit. Inflation is definitely a monetary phenomenon. What else can it be? Go ask the people in Zimbabwe...

It isn't you against the market. But rather, it is you against yourself.

As to the OP, i like trading because i like to discover (about myself. life, and the world), learn, and find the truth.

All patterns are the result of buying and selling. Wouldn't it be more worthwhile to study the buying and selling, rather than searching and back testing for patterns? Patterns might look the same yet different.

Question: why do people backtest? It seems to me that market participants (buying and selling) change all the time. So what's the need to back test? Sorry if this is a dumb question.

Can you teach somebody to be a contrarian? To think for themselves? To reason things through? To trade only what the tape tells you? If yes, then yeah. Trading is teachable imo.

No music. I concentrate best when there is silence.

What i am looking for are those books in the 1900s up to 1970s or so. The newer books aren't good imo. Good books on amazon do not have any reviews. I like to read what traders back then think of the market. Maybe i should go to a librarian. He/she might be able to help me there.

Is there a website where to you search for all the books that's ever written on trading and investments? Traders press is down or moved? Thanks.

musicman, This is off topic but since you have experience with Schwab, did you use the T&S window to trade? Any problems with duplicate block shares printed? Thanks.

Now that is power. Controlling where the price opens.

A word of advice. If you can not decide for yourself, don't trade. News and tips are a sure way to lose your money!