99.4% of all Talking Heads are Wrong

The General should have been fired for being so stupid as to be interviewed by Rolling Stone, who has two other journalists uncovering Goldman Sachs, the actual oil game, and now a General in dispute with his own side. Please note this "liberal" publication has broken three stories that have all been "shock and glory." I have so much fun watching Goldman take a dive.

I smile at our euphorias, and frown at our greed and fear.

"When you learn not to want things so badly, life comes to you"- Jessica Lange
I believe the repetition of core rules constant and fundamental to a traders success:

1. It doesn't matter what you think should happen.
2. 99.4% of all talking heads are wrong
3. Set your buys and stick to them. Set your sells and stick to them. Have parameters
4. Take losses. It is the sum of the parts that make index option trading profitable
5. Paper trade for at least 90 days. Anytime you are doing poorly, stop, and paper trade again
6. Anytime you are doing well do not stop trading. It means you have caught the wave, or the "breath of the market."

Will there soon be a world currency? Is this the "new world order" or is it that we've all phucked up our own currencies so much it's best to start fresh.

"Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

July 10 (Bloomberg) -- Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.”

“Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.”

The coin, which bears the words “unity in diversity,” was minted in Belgium and presented to the heads of G-8 delegations, Medvedev said.

The question of a supranational currency “concerns everyone now, even the mints,” Medvedev said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.”

Medvedev has repeatedly called for creating a mix of regional reserve currencies as part of the drive to address the global financial crisis, while questioning the U.S. dollar’s future as a global reserve currency. Russia’s proposals for the G-20 meeting in London in April included the creation of a supranational currency."