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    S&P 500 Over Priced. PE Ratio is Now at 129

    While its true SPX P/E is approaching 130, when you back out unusual items and losses; operating P/E is even lower than someone mentioned and is at 15.6 for the current quarter according to S&P's own data. I don't think the OP's article makes this clear. Here to see Standard and Poors own...
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    »Goldman Sachs Said to Unevenly Distribute Trading Tips: WSJ Link

    After GOOG was up $15 one day this week, it hits the wires that GS has added it to its 'Most Favored' list. This is a list equivalent to the old 'Uncommon Values' list at LEH. A stock on this list is almost guaranteed to do well and be protected to a certain extent. I don't think the GOOG...
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    If a hurricane hits New York?

    Its not the surfers that drown. Coincidently its the people that no can speak english that come out to Joneses Beaches and no can swim.
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    If a hurricane hits New York?

    Surfers are good swmmers and understand rips. Sad thing is watch the news tonight and Sunday to see how many people drowned in NJ and on LI. My guess is at least 3 and maybe 5 for the weekend. Happens every time. People that can't swim and fight rips and those that think they can bodysurf...
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    If a hurricane hits New York?

    Lived thru Gloria in '85. Was a cat 4 at one point, I believe 3 when it hit LI directly. Was wicked cool actually. Sat on front porch drinking can's of Bud right on the water. Eye was incredible, a beatiful day for like 15 min. We were so stupid after this, cracked another beer for round two...
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    SEC's Restrictive New Short Sale Proposal --- NOW is your only chance to influence it

    I have seen a couple responses that say good, all for it, maybe it would be a good thing. Actually, I agree. Depending on your style, this may not necessarily mean an end to intraday or short-term. Some of us traded for many years with plus ticks and here is why it may not be so bad. It will...
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    Paul Tudor Jones Warns

    He's short, obviously. He did make his first fortune by shorting just prior to Oct. '87. Then again, Livermore made $100mm by shorting just prior to 0ct. '29, and he shot himself years later, broke. Not implying anything whatsoever here, except that your only as good as your last trade. Jones...
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    AIG to be broken up and ended

    Haha, no way . . . I thought we'd see this tonight! AIG $22.01 +$8.48 (64.7%) - Today before the article. With an 80% ownership by the government, who benefits from this move most, and most probably a leak from there, what do you think the chances of an investigation into todays stock...
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    Professional emini trader mentor wanted!!

    Assuming you're serious, papertrading does not cut it with the e-mini. This is an extremely difficult product to trade. I for one appreciate your gusto and bravado, for that reason I feel compelled to level with you. I have traded S&P's 15 years before there were e-minis. With programs and...
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    Ideas for other "cash for ..." programs

    Cash for snowboards. Looked all around last winter, with all the dudes at the mountain I figured there would be a market for old boards. Have several boys and over the last 15 years I have accumulated about 20. I offered to trade in 10 for a discount off a new board for myself last year, most...
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    Front Running, Flash Orders, or Blackbox/Algorithmic Manipulation?

    Spec, most of us would probably agree, never to send orders to the NYSE. Most of these orders end up in the electronic book, but some can still be held by specialist. Also, if you leave a limit order on the NYSE book for more than 5 min, there is a large fee relative to ECN, where you would...
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    Front Running, Flash Orders, or Blackbox/Algorithmic Manipulation?

    Someone mentioned ghost orders. They are actually illegal, still see them all the time. In SPY you see an ocassional order for 500k - this guy is obviously long and trying to spook it higher. It usually works for like 15 seconds while people think they are running ahead, then they get whacked...
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    Front Running, Flash Orders, or Blackbox/Algorithmic Manipulation?

    I have noticed computer-type bids or offers that always penny me on less liquid names. I have the feature to always be best bid, but have never tried it. I like limit orders showing only 100 shares, seems to work best. I also have a smart-router, but have it turned off and just use ARCA. I get...
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    Did you know Cramer was bi-polar?

    "They know NOTHING, NOTHINNNGGG! :mad: Love that leopardskin blouse Erin :)"
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    US parallels swedish experience

    Me too! How come? - Winterwonderland, but beautiful in the summer- 24 hour sunlight! If you like voluptuous blue-eyed blondes topless, then you need to put Gotland or Malmar (spell check stopped there years ago) on your bucket list. Another thing on everyone's mind here has been a...
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    High Speed Trading Unfair To Retail Traders

    I read it this AM and the first thing I thought of was: my shop prides itself on 'smart routing', it checks these dark pools first before going to ARCA where I send most of my orders. It amazes me that the owners of these different 'pools' of offboard liquidity don't see the owners of these...
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    •Jefferson County, Alabama to Put One-Third of Workers on Leave as Money Runs Out

    With all the talk about Cali and LA having similiar problems, I had to laugh tonight when I read that LA wants to open a criminal probe into how much was spent on police action at the Staples Center and elsewhere during Michael Jackson's tribute. They spent $1.4mm total that week. Sandwiches for...
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    Why does the market go higher just because Goldman says it will?

    Earnings are coming in in-line to better and stocks are priced off earnings 6-9 months out. That being said, all this crap about a head and shoulders took people out and kept people on the sidelines for a month. Now there is panic to participate. Pattern recognition seems to work well in forex...
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    Mark Cuban's insider trading case is dismissed

    Seeing as I'm a FINRA 24, I would not have sold that's for certain, I know the rules. He is a cheater, he should suffer some sort of pain. The SEC doesn't go after you for fun or political reasons, they only go after cases that are cut and dry violations. He will only be able to skirt this at...
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    Mark Cuban's insider trading case is dismissed

    There is no way to substantiate what he did. His lawyers were better than the SEC's. Just like OJ's were better than the LA public prosecutors. If he were not a 5% holder, than it might be different. Seeing that he was an 'insider', all 13D (5% holders) are considered insiders already simply by...
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