Sethbru - How do you interpret my post of wikipedia info as wishing a great depression on the country - or did you maybe just click on an easy post to the topic. I voiced not a single opinion about anything here. Gee - nice!

Start of the Great Depression

Dow Jones Industrial, 1928-1930

See also: Timeline of the Great Depression

Historians most often attribute the start of the Great Depression to the sudden and total collapse of US stock market prices on October 29, 1929, known as Black Tuesday. ^{[1 ]} However, some dispute this conclusion, and see the stock crash as a symptom, rather than a cause of the Great Depression. ^{[3 ] [9 ]} Even after the Wall Street Crash of 1929, optimismpersisted for some time; John D. Rockefellersaid that "These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again." ^{[10 ]} The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30% below the peak of September 1929. ^{[11 ]} Together, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year. But consumers, many of whom had suffered severe losses in the stock market the previous year, cut back their expenditures by ten percent, and a severe drought ravaged the agricultural heartland of the USA beginning in the summer of 1930.

US Farm Prices, (1928–35).

By mid-1930, interest rates had dropped to low levels, but expected deflationand the reluctance of people to add new debt by borrowing, meant that consumer spending and investment were depressed. ^{[12 ]} In May 1930, automobile sales had declined to below the levels of 1928. Prices in general began to decline, but wages held steady in 1930; but then a deflationary spiralstarted in 1931. Conditions were worse in farming areas, where commodity prices plunged, and in mining and logging areas, where unemployment was high and there were few other jobs. The decline in the US economywas the factor that pulled down most other countries at first, then internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionistpolicies, such as the 1930 U.S. Smoot–Hawley Tariff Actand retaliatory tariffs in other countries, exacerbated the collapse in global trade. By late in 1930, a steady decline set in which reached bottom by March 1933.

I looked it up in tradestation and got 2 symbols - may have to do a little more research but try these:

TCEHY and TCTZF

Hope this is helpful

Matt, what about using an RSI message - I think that's what it's called. I used to get those from another site BEFORE BPT. They worked well and may be even more timely than text messaging - especially for those of us that don't have their cell sitting at their desk all day long. Just another thought. I can't imagine it's expensive. The guy I got them from was not interested in spending any money he did not have to.....LOL!

No. Obviously if you wait until you lose a home to foreclosure, you are going to kill all chance of getting another mortgage for many years. BUT if you were to purchase a second home, THEN let your existing go to foreclosure, you have "beat" the system. I know a few folks that have indeed done just that. Fo course paying cash for a home may be an option as well.

Matt, what would you trade using this system. Can't trade $INX. Would you try it with futures or something?

michael, I have noticed CNBC ALWAYS goes to commercial when Ron starts questioning - 100% of the time I have seen this happen - they are so blatant about not wanting to give him any air time - amazing.

Guess Goldman had a bit of a MISS! LOL! I wonder who's head will roll for that?

http://www.southparkstudios.com/clips/222624

Filled my short cover 6 cents BELOW where my order was placed. Price never got to my stop level. GGGRRRROOOOWWWLLLLLLLLLLL.

Downgraded!

Early this morning banking analyst Dick Bove was on television claiming Wells Fargo (WFC) was a great buy; that it would add to handsomely to stock appreciation...blah, blah, blah.  Then Dick had an epiphany: WFC was a SELL!
 

It probably went something like this...

Hour 1 & 2: prep for television

Hour 3 &4: actually take the time to read the report

Hour 4.5: call an emergency meeting with trading desk and share findings

Hour 4.5 to 5: call temp service to bring in telemarketing staff

Hour 5 to 6: get on the phone with all institutional clients to share opinion and sell stock and roll proceeds to NOV PUTS (told clients earlier in the year this was a generational buying opportunity)

Hour 6 and 8: let the trading desks work their magic

Hour 9: let the cat out of the bag

Ya think he'll be investigated by the SEC?  Naaaah, me neither.

WOW! Talk about a nice gift. Been in HTE forever. Kind of got caught when they did capital raise and have been taking it on the chin ever since. Was waiting it out (in my IRA) Got up this morning and the red ink is HALF what it was when I went to bed. Someone in Korea - KNOC - is buying them. Will open 2.30 higher than yesterday's close.

Rather FUN to have something like this happen. Certainly better than what happened when they did their capital raise and took me immediately in the red and recovery was just not happening.

I was "busy" and then looked at the blog. The discussion made me look at my chart and I was calling you all CRAZY! Then I checked my chart - it had not updated since 1:30 Eastern - WTH? I had closed my long but not due to the signal....just bankrolling. TS can sometimes be the kiss of death - it just has these glitches - too often for my comfort lately....

Anyone ever notice that when someone is "taken down" on Wall Street - the market RALLIES? As the news conference was being held - this rally got underway - same thing happened when the Madoff thing broke, and I recall others as well...Kind of weird - LOL - maybe it's a relief rally in that the SEC got 'THE OTHER GUY'