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Yes, along that train of thought. No substitute for understanding the variables and risk management of such trades though. :D

You mean Patek Phillippe. :D

Volatility...you bought at peak volatility and sold at lower volatility. If you continue to trade options without an understanding of option pricing you will only be funding the great lifestyle of real options traders. :D

... here we go! :D

Ease up on Elway, he earned everything...or at least as much as any of them have. I was a Broncos fan (obviously) and it takes a complete team to win a super bowl. As far as your stats argument goes, if all it takes is a bad team to put up big stats there should be plenty of celebrity qb's out...

When are they moving headquarters to Bentonville, AR? Discount hedge fund...they should REALLY be ashamed of themselves! :D PS - They won't be retaining any talent on a structure like that!

My $0.02... I have been looking at commercial office space in chicago for the past 18 months or so just to get a feel. Commercial office to me means: 1) Longer leases 2) Repeatable processes/materials (maintenance) that can be consolidated for multiple properties in the same geographic...

Holmes, it ain't the news that moves the market! :D

Mortgage brokers don't know anything about the market...they're pure salesmen. I know a half dozen of them that were successful (making $500k+) 3 years ago and they are all on the ropes. One went so far as to say he was looking into become a floor trader! LOL... :D

The yuan peg is not new news, but the magnitude of the imbalance would wreak havoc on their economy along with the rest of the world. They are pegging the currency for now, but I estimate China would be unable to maintain the peg if they dumped their USD reserves. :D

Great distilled analysis, I appreciate simplicity. Thank you :D

$2 billion :D

They aren't seeking you to take over trades because you are too small. :D

Please, Wall Street is still around without Salomon Brothers. That's who we can thank for all the neat leverage products we have today. Who cares about the hedge fund, you should be wondering about their proprietary trading. :D

I would argue that Buffett made the trade of his lifetime when he pledged his shares to charity. I interpret his announcement, not the event (actual gift) as a distraction to Slim trouncing he and Gates on the wealth velocity scale. In addition, this is a diversion from the looming succession...

FINRA :D

RenTech is big news...we all know Goldman isn't the best already. Volatility doesn't hangout up here if there aren't some major players hanging on by their short hairs. Citadel plods along though. :D

What advantage would there be for some "PPT" to squeeze the shorts only to make the markets fall harder after if their mission is to buoy the markets higher??? This is an incomplete thought. :D

It's actually "caveat emptor." But no need to be so rigid. :D

Ming, before you start patting yourself on the back, what about your call on XOI 4/16? http://www.elitetrader.com/vb/showthread.php?s=&postid=1436820#post1436820 Rule 206(4)-1 – Advertisements by Investment Advisers (a) It shall constitute a fraudulent, deceptive, or manipulative act...