People generally wind up creating custom databases, or at least highly custom setups of standard database software.

You are talking about indices containing many millions of records.  It isn't as easy as just telling your SQL db to index a column.  People often turn to tools like redis for such huge datasets.

The S&P is still overvalued by historical standards.

http://www.multpl.com/

I know you're specifically talking about financials but for a bit broader spectrum, there's the chart.  Had you been long financials yesterday and today you would have gave most of that gain back.  Had you been short a few weeks ago you could've easily surpassed those gains.  Hindsight is nice like that.

I'll give you that the banks are better capitalized now than in 2008.  I'm assuming we're talking about US banks.  But the US is still on the cusp of a recession and soverign default is a very real concern for MULTIPLE European countries.  That's enough to bring everything down, financials (as well as small cap, biotech, etc.) will be hit the hardest.

I said it before on this board, the only bank I'm really looking at right now is WFC.  And I think it will go cheaper so I'll wait.  Then again I could be wrong, afterall, only one person on this board is apparently qualified to understand the stock market.

Do you have a link?


Exactly, its pure pork.

I spend enough to pay for electricity, which is about $65 a month for my 900 MH/s.

Could you please make it possible for us non-miners to view the result of the poll?

This is the stupidest thread I read all day. Congrats.

How many coins are being mined every day is totally irrelevant, it's about how many are being bought and sold on the exchanges.

That "someone else" also has to invest the resources, time, money and effort in the mining process. You can't get something for nothing. If you stop mining it is because you don't value the expected return on investment. Again, when you mine and hold you are buying the bitcoin because you value it more than the prevailing exchange rate. If you didn't think the current or projected exchange rate would be profitable then you would simply stop mining.

See my clarification at post #9 above. You can't "hypothetically mine" bitcoin. It takes real resources that cost time, money and effort. When you invest these resources you are buying the product when you choose not to sell it.

But if that same apple would be sold at the market for 2 dollars, and you could only get apples at the market, that person can either give you the apple or two dollars. Same same.

When you don't sell them you are signaling to the market that you value them more than the $11 - hence you are buying them.