VigilantWarrior

Rick Santelli Takes Down Jim Cramer

Everyone puffs out their chest when their guesses happen to take place. But, when their guesses do not happen, they never grab your attention and say with the same authority, that I was wrong. I read decades ago that investing in the stock market is legalized gambling. At the end of the day, week, month, and year going forward, we all hope to have more pluses than minuses.

However, in fairness to all of us, isn't greed for more and more the single biggest driver for most people, otherwise money markets, CDs and savings accounts would have almost all of the money. Some call greed by its alternate name opportunity. The market swings do give one a rush, sometimes good and sometimes bad. The rush is what makes so many people take part in this type of risk taking. It also give many people something to talk about, to feel like a winner when they win and, to boost one's ego and so forth. So, as many before us have said, gamble only the amount that you can afford to lose. And that is my word for as long as you want it to be!

Having a Plan For a Market Crash

To Max Corder, what is a backtest? How about writing so that secret code manuals are not needed to get the meaning,

Ed Turk

Friday's Action Was A Much-Needed Dose of Reality

There is a big disconnect right now between the so called good economy( unemployment, profits etc) and the large drop in the market this past two weeks. How can one negative report trump the hundreds of good to great reports?

Who gets scared so easily and so often that they cause such unrealistic downturns so quickly? Or is this market tied to computer trading so tightly that a sneeze causes a snowballing disaster?

If the market is the predictor of the future, then what is one to do now after the last two weeks has vaporized earlier gains? Probably wait it out, because a smile next week sometime will be interpreted as the signal to buy now before it's all gone mentality.

As some critics have said over and over again, the stock market is legalized gambling. When one sees what has taken place in the past two weeks, whoever said the markets exist to establish order to the trading process must be scratching their heads about now.

I'm waiting to hear the answers to my questions.

Ed

Chesapeake Stock Is Cheaper Than It Appears (CHK)

What is the process CHK uses to hedge? And for how long is this hedge price good for?