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  1. M

    best way to get fired so I can collect unemployment and jumpstart my trading career?

    Just ask the boss to lay you off. Who knows, he might actually agree.
  2. M

    IT engineer compensation in a hedge fund

    Are we talking about Peter M. here? heh heh heh ... :D
  3. M

    A new problem with TWS DDE API...

    IB keeps updating the TWS API. Some order fields that were optional before could now be mandatory. A missing order field could be causing the delay with the latest API. I would suggest you take a look at your code and try to set all fields explicitly, as far as possible. See if this fixes the...
  4. M

    ET Official Bottom Watch Thread

    Is there any good reason why the US markets cannot end up doing a Nikkei where the bottom after the 1990 peak came 13 years later in 2003? It seems like many people are expecting a quick '87 style crash-recovery where you would miss the bottom if you blinked. Why should this be so? The bottom...
  5. M

    The Snubby Revolver Indicator

    I've never understood why people would want to use a 357 snubby for self defense unless small size was an absolute requirement? A lot of the powder just burns outside the barrel and is wasted in generating the huge muzzle blast. Are you sure you want to deal with that in the dark, when you are...
  6. M

    Where are we headed?

    Still have a bunch of assault rifles I'd bought prior to the '94 Clinton Assault Weapons ban. Sold most of them for 2-3X the purchase price around '97 (as legal grandfathered pre-ban firearms). Ever since the sunset of the AWB the price premium for pre-ban guns has all but disappeared. Was going...
  7. M

    Only fools are complaining about gas prices

    Your driving skills ultimately play the most important role in avoiding an accident in the first place. Go for a Skip Barber course (even the most basic one) and you'd be far safer in a Civic than the average SUV driver would ever be.
  8. M

    US Dollar Up 10%, OIL DOWN 40%

    "Oil to $70!!!" "Gold to $350!!!" "EUR to 1USD!!!!" "DOW to 18,000!!!!" "Money to grow on trees!!!"
  9. M

    Can Opponents "SEE" your stop.. emini NDx100

    It is a well known fact on ET that many of your opponents can even see you mental stops.
  10. M

    Credit Card debt is next......$951.7 Billion worth....

    Any info as to how much of this $55 trillion is liquid? I guess this number includes home equity and retirement savings. IMO, including home equity makes the number pretty useless.
  11. M

    Lose vs. Loose

    If you are loose with your money, you'll eventually lose your money. I.e., loose = lose QED
  12. M

    Where is the recession? Show me ?

    In some ways, it does. During a recession, there will be less newbie traders entering the game with a lot of money to lose, hence less candy for you to steal. Losing (i.e., loosing, in ET speak) traders will probably bail out before they blow up their entire load. Instead, you'd spend more time...
  13. M

    Where is the recession? Show me ?

    Things are actually getting pretty tight now on Wall Street. I am a software vendor to various broker/dealers and asset managers and the slowdown is certainly starting to hurt our bottom line. Mostly from the b/d side. I also know of other vendors dealing with the investment banking side and...
  14. M

    Ever Blow Up Your Account?

    $1.4M to $60K in 6 months trying to trade the post-.com bubble back in 2001. Considering that I had started with about $30K in 1998, this was not quite a blow up since I still ended up profitable in the grand scheme of things. Racked up a whole bunch of long term capital losses in 2001 that...
  15. M

    If someone paid too much for their house, I don't pity them.

    You are so wrong: http://www.realtor.com/map/search/listingdetail.aspx?ctid=2959&typ=7&sid=545e51059f7c4da296c0b439a5c90a1f&lid=1097214487&lsn=1&srcnt=18971#Detail
  16. M

    US Housing...25% more Downside to go....

    Prior to 2000, I had NEVER EVER SEEN within the last 70 years the UNPRECEDENTED and ABSURD rise in US real estate that took place between 2001-2005. It follows the DECLINE after the bubble pops would very likely also be UNPRECEDENTED in magnitude. Econs 101: A subset of the economy (real...
  17. M

    Someone gives you $50,000. Where do you put it right now?

    Don't! It is a very thinly traded and volatile currency. You won't know the exact exchange rate you'll be getting when you buy and sell the CDs. The volatilty could easily eat up most of the 13% you've earned, and then some. Just look at the intraday ISK-USD charts.
  18. M

    Bernanke is a complete goof

    The damage to the nation's economy was done long ago. If there is going to be a recession (it looks likely to me), lowering interest rates and dropping money from helicopters would allow the Fed some control as to when this happens and who bears the burden the most. As much as we'd like to...
  19. M

    Big Gap up tomorrow and we forget this happened!

    The Fed can print all they want but they cannot create real wealth. In the long term, who cares if the market keeps going up in nominal USD if things like gold is going up faster? The most you can do is trade these short rate cut rallies (assuming that it happens), but realize that the Fed only...
  20. M

    Are you a proud homeowner?

    I bought my house in 1997 and in 2005 at the peak or the RE bubble it had tripled in value. Now it has dropped considerably but it is still worth around double what I'd paid for. What should I have done? Sold it, moved out and rented? Buy it back in a few years? To me, it is not worth the...
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