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you haven't been to a B&N in a couple of years? You got the impression that no capital gains tax is payable on trades? Honestly, for your own good stay far far away from trading. My impulse is to be more blunt but I'll leave it at that.

"spread hope not fear"? Just wish things away? It's amazing that most adults did graduate from high school but can't engage in a rudimentary economic debate. Try discussing the economics of the auto industry with your average person. It will turn quickly to "well, we can't lay off all...

add Kudlow to that list

And speaking of Erin, does anyone (other than herself) think she's funny? Gross and infantile humour. She should leave the humour to the only witty guy there. Joe Kernan. Haines ranting about the autos. Even those of us who agree in principal with him on that would not want him as our...

Hi Copernicus, I'm interested in your thoughts I'm an NYC trader and I can tell you that conditions are pretty grim here so you must be seeing a really bleak landscape in HK and Singapore. Is that true? Are you happy to be moving to Singapore? I read that Jim Rogers would have preferred...

transaction taxes already exist in certain other countries such as the UK for example. There is "stamp duty" on every share traded which is just a tax. I'm not sure who is exempted (I think exchange members and FSA regulated persons are but not sure). You'll notice that as deep and...

I've got several books withinin arms reach of my desk that discuss this at length plus a file folder on my desktop with a multitude of papers on it which I found by googling and then checking each papers' cross-referencing. The VIX is a great index to trade options on for a) an edge and b) a...

Some A-list name in the last few days on CNBC and from the Financial Times have said: [I quote where possible, paraphrase in part b/c I DVR'D CNBC and took written notes, not exact quotes.] Bill Seidman who headed the RTC during the 90-91 Savings and Loan debacle: "the Federal...

cosine, That's news to me. May I pat myself on the back just a little bit since I came up with that by pacing around thinking and having never (honestly!) heard of such an arrangement before? If an emerging trader has true confidence in their strategy then they: a) should have skin...

That's a high quality post Brandonf. It occured to me that creating a subsidiary of an existing established fund whereby the new sub manager invested, say 40-50% of the AUM and offering say 25% ownership of the sub-managemt company to said established fund might be attractive. If one...

the OP may have been a little dramatic in his description but the main point is solid I think. Often industry insiders know stuff long before it becomes media discussion. One street banker opined to me about 18 months ago that neither Bear nor Lehman could could survive as independent...

It was Nixon that unhinged the dollar from gold because he didn't like the discipline it imposed upon the US government. Governments like to conduct policy that results in inflation via excessive borrowing and spending. Now the $ is valued by a mixture of variables that have turned negative...

the ratio of those advising the OP to persevere versus those saying he should quit seems to be at least 2:1. The word "quit" has a negative connotation in American culture in a way that convolutes the thought process about changing direction. A certain person I won't name until recently...

can't opine on uni in Bristol but I can opine on econometrics and it's usefulness and in a word: very Econometrics grew out of the quantitative area of Economics and has been adopted by the quant finance discipline in the last 15 years or so. but it's not enough on its own. Quantitative...

This is from an experienced tader with some real cred here. Very well put Lindq. thanks. Perhaps Hoyt would like to invite opinions on his posting from say Don Bright, Marketsurfer, Maverick and others. That would be fun! DG

And regarding Einhorn on CNBC, did you see Bartiromo? OMG is she on the Lehman payroll? She was combative as hell against Einhorn and pretty much calling him a liar on his assertion of the dollar amount of CDO's on Lehman's books. She had no facts, numbers or detail as always. Einhorn was...

I agree with Joab, this is pure curve fitting. But these guys' clients would'nt know what curve fitting is. Until Felton trading and the new currency brokers came along to the New York Traders Expo last year, these guys (Best Choice) got my vote for the cheesiest outfit there. Real snakeoil...

clarification: that's (negative) -36.86%, it doesn't look clear from the previous post.

I know this thread is old but here is a relevant paper on exactly this issue: http://search.ssrn.com/sol3/papers.cfm?abstract_id=959024 His main finding (which contradicts my experience and what I read elsewhere): long individual stock calls have negative returns and in particular, deep...

I agree with Surdo Low risk, I know several people who have traded from crazy locations like boats on a river, starbucks in London etc...