Thapap, yeah, alls been good so far.  Today, so far have just been playing the crude butterfly spread on Nov-Dec-Jan and making some easy money on that...Its been in a range of 10-6 since Monday and am scalping it at every opportunity.  Whenever markets are too volatile to understand (like the surprise Michigan report today), its better to stick to something that is a lot predictable...And so far, the crude fly spread of Nov-Dec-Jan have been doing just that.  Atleast am making lunch money doing just that   Look into that and always trade the flys on those (Do not and I repeat do not touch the near months, eg: Aug and Sept as they are extremely volatile and you could lose it all).

HAHAHA  And about latoboy getting a second mortgage, first he needs to have enough money to buy a house ain't it?  Just the other day he was crying here in sajha that he didn't have $25K to put up for a margin call he got...That just sums up to me that the dude is just a small fish and has yet to get his own place (Even the houses in the suburbs of NYC: Queens average 700k+...so defn, latoboy is still renting a studio and sharing it with 4 roommates.

BTW, how do you know that I sometimes watch the Asian Indexes and currencies too?  HHAHAHA  Another reason to keep me awake and lounge myself here in sajha. 

And about your line, "when average Joe starts taking like a wall street trader then its time to "run away" from the market "

It is  true, but I prefer calling it a Soccer-Mom Syndrome.  Soccer moms are the least bothered with any economic activity going on.  All their lives revolve around are the kids and their activites and buying groceries, etc.  They're the epitome of being housewives.  And Once these Soccer Moms start taking about a particular sector (for instance dot com stocks like they did in in the dot com boom), you know it is time to short the industry as a whole.    Same applies here, when latoboy, who obviously gets his research off web-boards and Cramer start going LONG a stock, we ALL should get the hint that its obviously time to SHORT it.