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I also have done a scientific study like shneed and have found that those who are for the specialist system are either: Al Queda terrorists or serial farm animal pedophiles. :D

Warren is a hoot! Taxes are too low, thats why he doesn't plan on paying them. Ha! :D

Only if you were to go around trying to raise other's taxes while preserving your own tax break. That is the whole point I am trying to make!

I'm sure Buffett is very smart. My problem is not with his brains but with his integrity. Warren has made good stock picks - but his wealth has grown primarily because he doesn't pay taxes. Buffett champions his buy and hold philosophy. Thats fine and I would not want to change the...

Do a Google of "Proposition 13 Buffett" for more info. Here is one article: http://www.foxnews.com.edgesuite.net/story/0,2933,94898,00.html

For condemning others for avoiding taxes when Buffett's whole fortune is based on tax dodging (never selling stock - thus never incurring taxes). He was condemning people who never sell their houses and thus pay lower property taxes in California vs. someone who buys a new home every 4-5...

It was ridiculous when Warren Buffett suggested that California Proposition 13 (which limits property tax increases as long as you don't sell the real estate) was unfair and wrong. A tax dodge. What Warren doesn't tell you is that his fortune is based on dodging taxes. If he had to pay...

Barron's On-line Economic calendar has both figures (consensus estimate and actual data) going back to the beginning of the calendar year. You have to have a subscription to the on-line Wall Street Journal.

I've seen the same thing on larger intraday charts. For example data on a 120-minute chart of ES includes after hours data even though you specify regular trading hours for the time template. The cash SPX doesn't do this. It doesn't seem like the time template absolutely controls what...

I would like to see a futures contract on the NYSE beta index or a similar beta index. It would be a perfect hedge for momentum traders and it would be great for specs in this tight range market. By its nature, a beta index would outperform on the way up and on the way down - giving us the...

If this trendline keeps on, these specialists are going to have to start turning tricks in the train station bathroom in order to hold it all together. :D

holy haircut!

Comparison is the source of all happiness and despair If you are poor you can be happy if everyone else is poor. Rich can be miserable if their contemporaries are richer. If you want people to like you, don't make others feel inadequate in comparison to you. If you want to like...

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Did I just hear that specialist Labranche is being accused of front running by the regulators? Dick Grasso said that front running is like the death penalty whereas violating the negative obligation is like a parking ticket. hmmmmm. (if Dick were still around he would probably say -...

Time to end the 30-second rule on NYSE http://www.forbes.com/home_asia/2003/10/15/cz_nw_1015nyse.html

Seems like you are denying reality. I am a individual as are many others.

The SEC could farm out specialist compliance to someone like Price Waterhouse. Its basically an auditing task. Of course the NYSE wants to hang onto that job at all costs. They created the specialist rulebook to look good - but they don't actually want to have to conform to the rules. They...

Sounds like the solution to this whole problem is to eliminate the time element in the trade-through-rule. So instead of giving the NYSE 30 seconds to price and complete a transaction - make it first come first served. Then the NYSE will either have to get quicker or fall by the wayside...

The whole phenomena of moving your stop to "break even" is an example of this - even if statistically it may make more sense to move your trailing stop to where you have a small loss. Its vanity. :D