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I will give this a shot as well. Thanks for the suggestion.

That's what every one has been saying for the last two weeks :) . But then again, I closed by shorts and out of market now, so its possible.

I remember that chart. Thanks for the response.

What makes you think this is the top - Your gut or dragon ?

You make a good case for a correction. But didn't you get the memo ? This market never corrects and doesn't obey any technical resistance levels.

Strong resistance SPX@1008. Will the bulls again defy logic and push through 1008 like they did @ 911, 955, 980, 1000 ? I'm losing my shirt due to bad trading and bad market.

Michigan is the first state to suffer, but will not be last. Hey Georgia, NY, CA...stand in line please. TX, your turn is coming, please patient. Next there will be a mass exodus from US to other countries. That will be lot of fun. Many immigrants (legal/illegal) are one to two generations...

Nothing I didn't know before, but its a good read. http://www.economicpopulist.org/?q=content/final-stage-deindustrialization-america Here are some excerpts: Oh America, will you ever revolt against the lies ? I don't think so. We are too big and too diverse to revolt. We will never...

I am not buying by the service oriented economy argument. I'm sorry. Service is more profitable, I agree but you need to "produce something" to service it. Take IBM for example, one of the biggest services firm. Who/What do they service ? They service their own software that people use to...

No replies and 1 star. So either the post is uninteresting or idiotic or both :) . Small businesses amount for majority of jobs, so I'm curious whether they'll lose more or whether they can innovate and produce new jobs. Make no mistake, I agree that every small business is valuable whether...

Aren't you confusing low taxation and no taxation ? Here is what the OP had as criteria for country B: But Switzerland has individual taxes. Its lower than US, but it does have it. So Switzerland is not country B.

And then they lose 50% in one year and then you have -5% return on your investment. Stock market is for the educated and savvy investors not for your average joe. But people are greedy and i'm sure will again invest in the market.

I always wondered about what exactly the small businesses contribute to the US economy - not in terms of percentage of GDP, but what does they actually 'produce'. I dont consider your corner gas station, restaurant, grocery store, etc. as 'producing' anything. They are service companies that...

As our right wind friends in the board. They will say let FDIC run out of money and shut down. Yeah, why should the government help FDIC ? Let every one suffer because its their mistake that they put their money in the bank. Geez...

There is no country B - we will talk again when country B becomes successful. US is the world's greatest country - atleast 20 years ago - and it was and is still A. What you are proposing in B is nothing but an experiment - just like communism was 100 years ago. We cannot experiment our future...

Well people in H1B are not exceptionally smart or skilled. They are about the same your American IT worker but filled a very important role pre-2000 because of the massive need for programmers during y2k. I like H1B if its used as in pre-2000. Good, hard working people come to US, stay for...

As a general public myself, its awfully tempting to quit stock market and go all CD. Take an average joe who has lost half his investment in the last several years. If he had invested in anything else, he would have been much better off than in the paper money. Stock market - like in pre-1970s -...

Good advice about thinking through. This post is part of my thinking process and I have a long long way to go before tending my resignation =). If I leave the job and fail as a day trader, I think I can find similar job with similar pay as long as I don’t leave the job for too long. If I...

A thought provoking post. Actually the kind of post I wanted to see in this thread. I’m doing okay means exactly that. I made okay profits (30%) last year but it was an easy year to make money in my opinion. This year I’m having a meager profit (few %) but then I’m not trading most of...

Thats what I'm doing right now, but I think day trading would suit my temperament better than swing trading, esp. in this crazy market. I hate to hold positions for more than 2 days.