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But if they lose money, why do it?

Heres the fallacy in your argument- 1. Their RAROC is a funny number as all trades are netted at the end of the day, not grossed up. If they were grossed up, their need for capital would be infinite. Their intra-day credit facilities at other traders are not counted either. The netting of...

bain capital

This is plain silly. Heres a group of traders, who have basically unlimited resources, money-wise, brain-wise and every gadget known to mankind made available to them. Yet they lose money. Imagine the informational flow in a bank like Chase which has huge loan volumes - you can aggregate...

I have had slow fills/executions in ER2 today. Anyone else experiencing this?

Great book. Markets reflect how people think & act, so, how different can the world be?

It scares the crap out of the penny monkeys if you send in a limit order to buy up to X at Y price. Its fun, just try over illiquid times like 1215 to 1230 or so.

Different setups occur in different timeframes. briefing.com has a good daily selection if you're interested

You get fills without market confirmation?

I dont understand why you dont get a lawyer and sue. I had a broker bust a trade on me a few years ago saying blah, blah, blah - the stock had doubled in 2 days, and I was pulling my account from them after settlement. The broker thought since the account was leaving he could bust it and then...

Just more anti-Bush bashing by left wingers and the press.

Burn out and always being tired is a signal to me to take a break, maybe a day or two off. Getting a mistress is a fun way to spend time and money too.

I've only seen ER get hit before ES does, by maybe 20-30 seconds. I watch the percentage moves relative to each other,

Back to reality - how bad is this? Or is it just some idiot talking big numbers and a silly headline?

briefing said earlier that Deutsche Bank wouldnt comment that a fund they sold GM bonds to had a big loss

IMHO, all those betting against the dollar will get financially destroyed in the next 12 months. You heard it here first.

Thats the way the world works - especially when you're betting against your own government

Buffets net loss has exceeded US$500 million so far from his dollar spec. So, yes, his investors have a real reason to be concerned as do regulators. Remember this is one investment to him, and his last quarter income was lost due to this position. Its very worrisome.

Not true. Hedging, diversifying and speculating are all distinctively different. Buffet is specing and calling it a hedge. If you are a dollar-based balance sheet, it makes no sense to hedge your dollars as thats your reporting currency. You hedge your non-dollars etc. If it were in fact a...

Not at all - I love companies that ID risks and act to manage them. Buffet, OTOH, has made a fortune and rep by saying he buys under-valued corps, and is patient. Therefore, he is a long-term investor in under-valued securities - great idea - great American success story. Now, he turns...