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As a former floor trader of 10 years in NYC, I totally disagree with your "analysis". You point to what YOU PERCEIVE is the reality of this particular trader's situation - - - having to downgrade his standard of living, but that may not be the case given the amount of self-esteem that...

Exactly. The OP presents absolutely no statistical evidence that is "supportive" of why there is a 75% chance for a break to the downside to occur.

Mods, please move this to "Chit-Chat" This has absolutely NOTHING to do with TRADING.

CORRECTION: "California, which has more than $45 billion of general obligation bonds, still had to pay a yield of 4.25 percent on the notes due June 22, 2009, the most on record relative to Treasuries." The state set the annualized tax-free interest rates on the notes at 3.75% for the...

Any comments on this chart from Trading Points, showing a "triangle" and the possible outcome?

Those last 20 minutes ( before the NYSE 4PM close ) on Wednesday was some of the most brutal selling that I have ever seen in 28 years of trading . . . It's a shame that he was so despondent and unable to think about the good in his life and the friends that cared about him. Godspeed Mr. Luizzi.

Agreed 100%

Wow. Have you been drinking? Doing any recreational drugs? Painkillers?

Pabst, it still amazes me that this is ALL that the Republican Party has to offer these days . . . in the way of a Presidential candidate. Unbelievable.

Not only is he not a licensed plumber, but he OWES $1200 IN BACK TAXES. But leave it to McSame to once again highlight someone as a hardworking American taxpayer, when they obviously are not. Funny how Joe The Plumber has been interviewed more times than Palin. Hmmmmmmm.... Why is...

Thank you Kurt.

Thank You Sir.

I wish that were true, Sir. I was actually told by "Joe The Moderator" ( not to be confused with "Joe The Plumber" who incidentally owes $1200 in back taxes ) that I was found to have used "offensive" language on ET. This "claim" was brought to my attention by "Joe The Mod" back on Monday...

You would think that given her background as a CPA at Deloitte-Touche, and her global derivative strategist title at Merrill, that she would understand that when brokers are buying stock-index futures for customers, that they are part of a stock-index futures UNWIND that means that they are...

You can sure say THAT again! Time for some Guinness. Mmmmmm.... :cool:

Diane Garnick is an investment manager at Invesco ( with a CPA background from Hofstra University, '96 and a global derivatives background with Merrill ) that speaks with a lot of passion and enthusiasm. However, given her somewhat "quant" background, you'd think that she would have a much...

True. Very true. Stock spent the rest of the afternoon trading all the way back down to 31.80 Sick.

Well, a lot of the "unwinding" of stock and stock-options positions tends to happen the day before options expiration, as well as ON options expiration. It can be a highly VOLATILE time period of roughly 48 hours . . . best to lower your trading "size" in order to deal with the VOLATILITY of...

I would have to agree, partly because yesterday's last hour RUSH into big bap names and today's rally after the opening ( only to fall flat on its face late in the afternoon ) smells of a whole lot of OPTION EXPIRATION unwinding going on. Next week we get a TON of earnings starting to flow...

Or, your "i" and "ii" are really an A-B-C 4th flat correction and we have already gotten the 5th.