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    Is Republican majority good for the stock market?

    Anybody can promise anything, but it's going to be difficult to lower taxes "permanently". Somebody has to pay for this deficit. Anybody here remembers what happened during Ray-gun government??? Supply-side economics anybody?
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    Is Republican majority good for the stock market?

    I know, it doesn't make any difference for intraday traders, but for buy and holders the answer is: it hasn't been good historically. http://www.cnn.com/2000/ALLPOLITICS/stories/10/26/campaign.markets.reut/ http://slate.msn.com/?id=2071929 NOTE: I am not a democrat and I'm not trying to...
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    GLOBEX Halted

    how can this crash globex servers without making the punk lose a lot of money? i can imagine someone placing just 1 lot limit buys way below the bid (or limt sells above the ask) then canceling immediately, repeat and repeat... like a denial of service attack... but simultaneous bid and offers...
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    Futures likes Pitt leaving!

    exactly, either that, or they're shaking some small-trader behinds before the big gap up. in any case, i don't care as long as it keeps moving.
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    Futures likes Pitt leaving!

    So why is ES below yesterdays' close right now?
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    Harvey Pitt Resigns Tonight

    I eat because I'm unhappy ...
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    The new CLK

    Mercedes is a chick's car. I like these better : the Murcielago www.lamborghini.com the McLaren F1 www.mclarencars.com :D
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    Democrat or Republican

    Republicans DO favor redistribution of wealth: from 401K buy and holders to crooked CEOs, from equity daytraders to specialists, from social security to the military, among others.... who told you that welfare addicts are the only parasites in this society?
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    Ltcm

    http://www.gsm.uci.edu/~jorion/papers/ltcm.pdf The LTCM data there is very detailed and interesting, but otherwise this paper is a defense of VaR (value at risk), which might be hyped by academics and bureaucrats, but it is not what any seasoned trader on this board would recommend you, which...
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    specialists

    http://pages.stern.nyu.edu/~jhasbrou/Working%20Papers/NYSE.PDF
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    selfesteem

    Agree, people with self-esteem problems tend to go into prestige/glamour occupations: hollywood, politics, academia and the like. This is corroborated by the preponderance there of pathetic prima donnas. If anything, going into trading reflects a high degree of self-confidence. A low...
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    Harvey Pitt, friend of the small investor

    Opt777 deserves a Pulitzer, an Oscar, or something for this one.
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    Harvey Pitt, friend of the small investor

    A famous phrase by the genius of financial regulation: "I may look stupid, but I'm not that stupid".
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    Bringing Down The House

    no it's not the same story, more advanced strategies, new characters, more money, and it happens in the nineties.
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    Bringing Down The House

    by Ben Mezrich. anyone else read this book?... what a GREAT story... best trading related storytelling since nassim taleb's fooled by randomness... it's actually about a blackjack team winning at vegas, but you can see immediately the similarities b/w what those guys do and what successful...
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    What does STTL stand for?

    sttl = settlement, do a search at the CME website, settlement prices, daily settlement something like that.
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    Proof That Specialists Are Crooks

    i'm relaxed it's just the way i talk. not PC but who cares
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    Proof That Specialists Are Crooks

    Thanks Dr. Zhivodka. Read the book summary, and the guy says literally that despite the success in Europe of electronic trading, in the US, the ECNs are a failure because they can't grab market share. Right... and if they do it, they are a failure anyway because the SEC would do something about...
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    Proof That Specialists Are Crooks

    I disagree with the preferability of monopolies, although I would say that sometimes they are more efficient than competition, for example, the subways. Any situation of high fixed costs or coordination problems is conducive to monopolies. Monopolies should be monitored someway though. But I...
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    Proof That Specialists Are Crooks

    Not dated at all imho. Radical? Maybe, but there is a difference b/w a brainwashed lefty or right wing radical that doesn't change even after the facts prove him wrong, and someone who sees the potential of new ideas no matter how unpopular they are. Another book that might be of interest is...
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