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Today, S&P cut GM's corporate credit rating two notches to single-B. Considering that downgrade, I suspect that the "not a remote possibility" language is referring to increasing perceived risk in GM. from...

I think it is by title. E.g., an account in your name and a separate IRA account would each be allowed separate SIPC coverage. Two accounts in your name would be combined for purposes of determining your coverage.

Trading less that $25K, a trader will not meet the threshold for being a Pattern Day Trader. Consequently, the trader will not be severly limitied on how often he/she can buy and sell the same stock. If that does not matter (e.g., if the trader is only focusing on options), then that's OK.

You may be required to pay estimated tax. From the IRS web site: "Estimated Tax: Individuals How do I know if I have to file quarterly individual estimated tax payments? Estimated tax payments can be used to pay Federal income tax, self-employment tax, and household employment tax. To...

Buffet's Fortune article (continued): The U.S. Never Stopped Growing Per capita GNP gains crept in the 20th century's early years. But if you think of the U.S. as a stock, it was overall one helluva mover. Year 20th-Century growth in per capita GNP (constant dollars) 1900-10 29%...

It's not 14 years. It's 17. See a copy of Warren Buffet's Fortune article from 2001 below: WARREN BUFFETT ON THE STOCK MARKET FORTUNE Thursday, December 6, 2001 By Carol Loomis From Fortune Magazine: "Two years ago, following a July 1999 speech by Warren Buffett, chairman of...

No line as long as a lender will lend. See S&P ratings definitions here: http://www2.standardandpoors.com/servlet/Satellite?pagename=sp/Page/FixedIncomeRatingsCriteriaPg&r=1&l=EN&b=2 Even companies that are rated CCC can borrow sometimes, although security will often be required.

I'd rather pay attention to an index with 500 constituents. It is more representative.

I agree. Choose one and do that. CFA I is marketable, but mainly for fundamental equity or fixed research. CMT is less marketable, IMHO, but if that is what you want to do, do it.

I think megadon is Walt. Check out his profile: Biography: trader financier Location: florida newyork asia li Interests: real estate Occupation: investor short term

I agree!

Interactive Brokers Withdraws Refco Bid, People Say (Update2) Nov. 10 (Bloomberg) -- Interactive Brokers Group LLC, one of five bidders for the assets of bankrupt U.S. futures broker Refco Inc., withdrew its offer, said two people familiar with the auction. The departure of Interactive...

Refco Bidder Alaron Has Been Ruled Out of Auction (Update1) Nov. 9 (Bloomberg) -- Alaron Trading Corp., one of five bidders to buy assets of bankrupt futures broker Refco Inc., has been ruled out of a bankruptcy auction, Chief Executive Steven Greenberg said in an interview today. ``The...

WSJ is a great paper, but how do they get away with making subscribers pay for the (print) paper and also pay for the Internet version? Wild!

Cut your losses short. Be brutal (on yourself)!

Two words -- EMERGING MARKETS. You have experience living in an emerging market (and one which many funds are interested in since it could become part of the EU), you have experience living in NYC, and you have a great school on your resume. Of the 8,000 hedge funds in the US, 1,000 would...

APismo, you're the man! Niederhoffer reads you and quotes you on his web site! http://www.elitetrader.com/vb/showthread.php?s=&postid=875434&highlight=wannabes#post875434 http://dailyspeculations.com/vic/refco.html

If IB wants to be comptetive, it should also cut the per share commission amount for orders over 500 shares.

You can buy your own zero coupon bond and your own SPY ETF and save yourself the management fee which is probably close to 1%/year. Or simply invest a small portion of your money in the ETF and a large portion in Emigrant @ 4%. To do your own structured product with Emigrant, invest 96% of...

When I read the WSJ article, I do not conclude that the $400MM of losses originated at Refco LLC. The origin was not identified. Maybe it was at Refco LLC, maybe at Refco Capital Markets, which I thought (?) provided prime broker functions, or at a different sub. In a bankrutpcy court, the...