Comments on: Regulation after Bush

By: Ventura2012

Ventura2012 — Wed, 05 Nov 2008 00:51:07 +0000

Maybe if Barrak Hussein Obama gets elected Barrys Dow 6800 prediction will become true. Man this new site is not very user friendly. Maybe I will start reading Luskin’s blog. If I am going to read political propaganda I might as well read non liberal propaganda.

By: Barry Ritholtz

Barry Ritholtz — Tue, 04 Nov 2008 23:14:28 +0000

No, I'm more of a The Daily Show fan.

By: x22steve

x22steve — Tue, 04 Nov 2008 22:52:10 +0000

Man, Barry, you have got to be one of the biggest Bush-despising partisans around. I bet you don’t miss a minute of Keith Olbermann. Get over it, dude. I’m no Bush fan, but I don’t live to hate him. If Obama is president eight years, we’ll be sick of him, too. Meet the new boss, same as the yada yada yada

By: DP

DP — Tue, 04 Nov 2008 22:48:49 +0000

@nyxjf: I took today as the gift it was – a chance to get out, sit back, chill out, and wait. Some nicely in the money KOL, UYM and MOS covered some bags I was holding from before October. Kind of depressing I’d be about at the same place if I had done absoultely nothing at all this year but it sure was a learning experience and, as I said, being able to get out roughly break even on the year right now, to me at least, is a gift.

By: Vermont Trader

Vermont Trader — Tue, 04 Nov 2008 22:05:02 +0000

Maybe they can start with this..

“ETFS WITH 300% LEVERAGE TO LIST
Direxion Funds is preparing to list exchange-traded funds this week that would provide 300% leverage to market indexes on both the long and short side and would be the first ETFs to use three-to-one leverage. ”

Does anyone else think that 3x leverage inverse ETF’s shouldn’t be allowed in IRA accounts?

I still have no idea why anyone would want anything to do with these things….

Still 50% long……. my best year ever so far..

By: AGG

AGG — Tue, 04 Nov 2008 22:03:18 +0000

With all due respect to the consensus opinion expressed here and all over the media that “markets” are or are not sufficiently regulated, I urge you to stop looking at labels like “markets” and “regulation”. Why? Because humans with names and addressess, assets, chronies, friends, interrconnected insider networks, etc. are the deciding factors. So as long as the guilty continue with impunity, the excesses will continue. For example, no amount of congressional grandstanding about steroids for baseball players will stop the abuse in baseball for the same reason. Yes, I know it’s easier to put broad labels on things like political parties and whatnot but it’s intellectually lazy and at times also misleading (sometimes deliberately so). We can all agree that one of the first things a trader learns is to keep his mouth shut unless what he/she says will benefit their trading strategy. This prostitution to profit is in conflict with empirical reality. Hence, the continual cons. So what am I saying, here? NO REPERCUSSIONS FOR ILLEGAL BEHAVIOR WILL BRING NO CHANGE! We need names, dates, events. We need people that post HERE who know damned good and well who a lot of the rats are to go to the authorities with evidence for convictions. We need to stop the status quo love affair of “I’m a good person just trying to mak a little money” and “all the evils of the world are not my problem”. It’s cowardly, craven and socially destructive. Get off your ass and risk something besides a few bucks in a rigged market. This is a big picture site. The big picture is and has always been that today’s pig is tomorrow’s bacon. You say you love your country. I say bullshit. You love you house, car, kids , spouse, family and friends but you could give a shit about your country because outside your circle of people and things, you won’t lift a finger to improve society. I wish I was wrong.

By: DL

DL — Tue, 04 Nov 2008 21:59:02 +0000

nyxjf @4:48

“Anyone else sold their long positions & took profit?”

It sure seems like it’s about time that the S&P retraces some of the gain from 850 to 1000.

By: nyxjf

nyxjf — Tue, 04 Nov 2008 21:48:07 +0000

Anyone else sold their long positions & took profit? I did….

By: Mannwich

Mannwich — Tue, 04 Nov 2008 20:56:52 +0000

The thing that nitwits like Maria B. and others on CNBC & Wall Street STILL don’t seem to understand is that most average Americans revile all that Wall Street (and CNBC) stands for and doesn’t care what they think anymore. More and more people seem to realize that too often what’s good for Wall Street comes at the expense of everyone and everything else in this country, yet the flacks and hacks on CNBC still operate in a kind of “bizarro world” bubble that’s impervious to all reality outside of Wall Street and NYC.

Do you think Wall Street is a mere shell of its former self/size in the coming years, that this bubble will burst? Perhaps not burst, but like our markets, I’ll bet the air slowly leaks out over time and ends with a whimper…….

By: karen

karen — Tue, 04 Nov 2008 20:56:28 +0000

I’ve already seen evidence of McCain supporters/traders over eager to short this rally, and repeatedly having to cover. It may have longer legs than anyone suspects. I’d love to see an Obama win trigger a gap up open tomorrow; but that may just be a fantasy : )