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I have gone back and forth and currently trade SPY. Since I trade a lot of stocks it is just easier for me to trade the SPY. If I broke out the ES trades to get the 'farmers' futures tax break I would probably save a touch. My deciding factors are ease, as mentioned above, and spread. The...

It's OK, I spoke to Travolta and Xenu is sending a fleet of DC-8's with billions of Titans to counteract the threat. Just stay away from your nearest volcano.

Thanks Kreme, About time, Bill is softening as he gets older and more philanthropic maybe? Back to the Hedge guys, a very large percentage of their pay and personal wealth must go right back into the fund as per contractual obligation. Its a job that pays very well if you are good at it, but as...

??? -Not one of these guys works for a bank or public company. I have no problem with an entrepeneur starting a venture and taking a percentage of my profits (20%) as pay. These guys funds were positive in a year when the mkt was off 45%. They are traders. Bruce Kovner was one of the all-time...

-40.65mm shares Funny, I was only off by 650,000 shares back then. Did anyone not expect this from GS?

I am not listening to any brainwash. I am listening to the bankers at BAC in question who have been paid PRIMARILY in stock in years past at $40-$50 and have watched it go as low as $3 because of these acquisitions. BAC was one of our strongest banks. Thats why the Fed turned to them TWICE to...

Taxpayer dollars? -don't pay to keep employees? You will get your wish and they will leave, I know many of them. Don't ask 'where will they work?', believe me these guys will NOT be working at McDonalds. BAC has indeed taken $45billion in government bribes. That's right; $20billion bribe in a...

As far as one day events for me, '87 was only crash, every other one has just been a bad day or longer term bear. '87 was more than one day but Black Monday was an amazing day. We knew it would be bad, but didn't realize as traders just how bad because we were trying desperately as market...

Nasdaq up on the year. After being down 20% it has rallied 24%. I try not to get caught up in high beta names during the day, but can't help but notice that tech really seems to be leading the way more often again. AAPL up 32% in the last few weeks. Most of us are watching the banks during the...

Settlement is T+3 so today you might have seen some of that. But it will still show up as a position for funds on their books on wednesday as being long if they bought it on Tuesday before 4pm.

I am not a raging bull right now necessarily. I think stocks got way too cheap from all the unknowns as in my initial post, and feel that Institutions, pensions, hedge funds who are the drivers of the market are forced to participate in the rally. Money away from these managers are not dumb to...

800 to go for flat on the year. I just wonder if there will be a lot of adjusting for month/quarter-end on and before Tuesday to exacerbate a vacuum up. Any money not invested looks dumb at this point. PM's don't want to show a lot of uninvested cash at Q1 end with a hot market. Banks are up...

I'm sure they mean their own stock right. This is the best thing they could do with the funds. Every single US money center bank is trading well below book value, which I understand is a moving target these days, but still. This is highly accretive and improves one of the two crucial parameters...

Sorry, I was wrong a little while ago. Looks like they'll just do this: (MarketWatch) -- GS Last: 110.90 +13.58 +13.95% 4:59pm 03/23/2009 Goldman Sachs is considering selling a part of its 4.9% stake in Industrial & Commercial Bank of China to raise funds, the Wall Street Journal...

Vacuum enabled. 1001 more Dow points to up on the year!

Actually none of this will matter. One of the reasons for Friday's selloff in the banks was that it is widely expected that they will race to do secondaries to pay down the TARP funds and be done with the goverment. Today's rally is playing right into their hands. Not that the Senate will pass...

No. You are probably applying to work in the Westchester privately run branch. The principals there pay for space and have supervisory roles for a small added fee.

Forget the bitch that wrote the book, are we truly free in a society where there is forced equality and control in acquiring material possessions and resources? Is innovation a bad thing? Did voters really envision marxist theory being our utopian solution?

This was more my point of this thread. There are two sides and I don't think both sides are being heard today. People such as Dick Armey on CNBC today are saying they are frightened to death for capitalism with massive government and redistribution of weath. Obama on 60 minutes last night said...

Every day the way events are unfolding I get chills thinking about a novel I read many years ago. With this new taxation of Wall Street and the impending exodus of employees and talent from American banks. Did anyone else notice that all our banks were down 10% on Friday; JPM, BAC, C, GS, MS...