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GM - the first stock in Dow30 to fall below $5.

Ok, thanks for the answer. Obviously you have enough equity to be able to weather even a 50% fall in value. This was what I was wondering too. Is it possible, even in some states if not the whole of US, to foreclose on a home and still keep your other assets?

Or perhaps it stops already here. My first attempt to catch this dip: long at 787.

Well I'm mostly just holding a long-term position in yen. Just a little trading back-and-forth. Since the correlation between yen and the stock market is so strong, being long yen is a good proxy for being short stocks.

If the value of your house falls far below your loan amount, are you going to repay or foreclose?

Junk loan exposure only 6.5 times equity!

"Merrill's selection of Thain was a surprise because the firm had recently indicated to BlackRock CEO Larry Fink that the job was his if he wanted it. CNBC has learned that Fink said he would take the job but only if Merrill did a full accounting of its subprime exposure. At that point, Merrill...

If you are mostly playing EUR/JPY, would it make sense to change base currency to euros? Only 2% margin for me. :)

I agree with you on the need to eliminate the carry traders and other weak hands. But once that is over, gold should rally hard and long. I am looking for a short pullback (to perhaps 750) like we saw in December 05, and then a strong rally. If you check the COT reports from that time, you will...

Don't think it is fraudulent, but thanks for the interesting article.

Why are these the best? Do you have personal experience? Are they all about equal, or are there some relevant differences? Are these firms strong enough to survive even the most extreme market conditions (enough capital, high margin requirements.. etc)? Are you implying that you can get a...

This is very interesting. I did some calculations with IB's published fees. Assuming exchange fees would be $0.48 by leasing compared to $1.14 without, would result in savings of $680 per 1000 contracts. As IOM memberships at CME lease around $2000/month, about 3000 contracts would be needed to...

Osorico, your calculations are exactly correct. I do trade mostly the e-minis on Globex, and IB charges about $2 per contract on average. So I could perhaps reduce my costs up to 20% with some other broker? Which broker(s) might offer me that, and also be as reliable as IB? I would also...

Thanks for the spreadsheet. The calculation is not quite that simple, since the rate at IB falls as trading volume increases. But it still shows that leasing could be cheaper. However, I know nothing about leasing a seat. What are the pros and cons? One seat only allows trading at that exchange?

Yes I believe I am using the unbundled plan. Rates fall the more I trade.

I've been satisfied with IB, but begun to wonder if there might be futures brokers around with cheaper commissions. What kind of commission rates are available nowadays for someone trading on average 100 contracts per day? Would these brokers also be as reliable as IB?

DENIAL. The author must also believe his house is still worth what he paid for it at the top of the bubble.

Citi, like most other banks, will die out of wounds from this mortgage crisis. It will have to be bailed out by the taxpayer. Before the bailout don't even think of buying.

You do? Check again. Only 2.2% of shares are listed in Shanghai, 86% still owned by parent company. The rest must be in the Hong Kong market. http://www.ft.com/cms/s/0/0f6f45a4-8b88-11dc-af4d-0000779fd2ac.html So this trillion dollar market cap is a total fake. If anyone wants to...

How can you calculate the market cap of a company that has two different share prices?? I don't think you can use either the Shanghai or Hong Kong price alone to value PTR. How big a percentage of PTR shares are trading in Shanghai, and how many in Hong Kong? Either way, the valuation is...