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The sample size doesn't cause the difference between mean and median, the skewness of the distribution does. And net worth is extremely skewed. The US has several people with a net worth of positive 1 billion, but no one with a net worth even approaching a negative 1 billion. :)

This week gasoline inventories were up another 2.4 million barrels. Refinery capacity utilization was up again to 90.2% and gasoline demand is down, yes, down 0.1% from a year ago. All three numbers are again bearish for gasoline and gasoline will drag oil lower with it. Aaron Schindler...

Gasoline inventories were up 2.1 million barrels. Refinery capacity utilization was up to 88.8% from 88.2% the prior week. Gasoline demand is flat from a year ago. All three numbers are bearish for gasoline and gasoline will drag oil lower with it. Aaron Schindler Schindler Trading

Oil inventories are going to be up tomorrow at multi-year highs. Sounds like all this supply would drive down prices, but here's what's going on... If you were afraid your local gas stations were going to run out of gas, what would you do? You'd hurry up and go fill up your tank and as soon...

They say stocks climb a wall of worry. It seems oil also climbs a wall of worry. It sounds like the same thing, but one is a contrarian kind of thing and the other is a fear kind of thing. Where's the logic?

Twice now CNBC has said that distillate inventories <i>fell</i> by 1 million barrels. I checked on the Dept. of Energy website and Marketwatch has it correct -- inventories rose. Aaron Schindler Schindler Trading

Tradesports.com has a specific "US/Israel bomb Iran" contract. It is currently estimating a 19.6% chance of an air strike by year end. This contract is an interesting indicator. For example, the probability of a strike is down a couple percent since the beginning of April, but the oil...

Yes, I used Passtrak myself years ago for the Series 3. It's a good choice. I don't think there are that many other options. You'll be able to tell from the practice tests whether you are prepared or not. Good luck on the test! Aaron Schindler Schindler Trading

It just started trading. I think that remains to be seen. Keep in mind that the USO price isn't going to track the price of oil. The goal is to have the <i>percentage change</i> in USO over the past 30 days (I believe) track the percentage change in the front month oil futures contract...

USO, stands for U.S. Oil. Aaron Schindler Schindler Trading

Isn't his Mesa Petroleum an oil producer?

Look how big the spread is from May to June crude. June is currently trading $1.63 per barrel greater than May. Imagine if you went long crude oil here and kept rolling it over for the next year and the spread stayed the same. In between rollovers, the price of spot crude would have to rise...

I believe that on the day of delivery, through your clearing member, the gold buyer wires his money to the gold seller and the gold seller delivers a warehouse receipt for the gold bar or bars to the buyer. I believe the exchange has a list of approved warehouse firms. For more details (as...

I made note of that yesterday also. It's unusual for GOOG to be on the weak end of the spectrum. Aaron Schindler Schindler Trading

I think the tornadoes are a non-event as far the the markets are concerned. While the tornadoes destroyed a few thousand homes, Katrina, for example, destroyed a few _hundred thousand_ homes. Aaron Schindler Schindler Trading

It does a few thousand contracts per day. The bid-asked spread is not bad but not great either. I'd say it is liquid enough for limit orders or stop-limit orders and maybe small stop orders during the liquid part of the day. good trading to you, Aaron Schindler Schindler Trading

No, you don't split the trading profits of your LP or LLC into short and long term capital gains on your pool's tax return. Your investors will do that on form 6781 of their tax return. Your LP or LLC is a pass-through entity for tax purposes and doesn't actually pay any taxes itself. The tax...

I suggest checking out the TWS API instead. Or perhaps even the Excel DDE might suit you. You should thoroughly explore the IB website for information on these and the third party tools that might also be of use to you. IB also has recorded online seminars you might find useful. Good...

Your fund is going to be a limited partnership or LLC. So you are going to have to form this entity and get a tax id number from the IRS (I'm assuming you are in the US, although you don't say). You'll probably have to file something with your state and county. There is a Turbotax version for...

Found one: http://www.ditomassogroup.com/DTGDD.htm Di Tomasso Group's Equilibrium Investment Program has twice had worse than 60% down years and had a worst drawdown of 85%. Incredibly, he's come back to reach a new equity peak. Di Tomasso is profiled in the March issue of Futures...