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I live in Tribeca and yesterday I too walked to the meat packing district on route to the Chelsea market in the mid afternoon. You could not move in Chelsea market because of out of towners window shopping mostly. In contrast I passed by the White Horse Tavern on Hudson on my way up there...

I second that opinion. Meredith Whitney. the "it" banking analyst opined just the other day that with national numbers putting housing down 27% peak to trough right now. She expects the final peak to trough to go right through 40% (depreciation). Yes real estate is local but in most...

So let's do some math here. $2 miilion taxed at 90% leaves $200,000 after tax. What rate of state and city tax gets you to $20,000 Chewbacca? Another 90% on your income after the federal 90% tax? Much as I'm tempted to make some nasty remark here, I'll refrain.

oops, on the Hungarian loans I meant to say repayable out of crappy sinking forints. They are not "denominated in forints". Apologies.

that music is the Pixies "Wave of Mutilation" except it's a slowed down wimpy acoustic version. Go to Youtube and listen to the original and avoid the covers like the Placebo cover. One of the best US bands of the early 90's. Play loud and turn up the bass. On the European country default...

Your background in poker is an advantage in my opinion. One of the more successful traders I traded alongside made exactly the transition you are making. I take it you are quick with numbers. Unlike most starting out you have the key benefit of having some savings. I recommend getting...

This makes no sense because the currency being the Swiss franc is not the crux of the problem. It's where the lending banks are domiciled that matters because those over-extended banks become a burden of the state (country). Also, Central and East European (CEE) countries have borrowed as...

Now that's as shovel ready project deserving of stimulus package $!!

yes it's pretty sad to see the old guys with hearing aids or walkers stumbling about. They're vulnerable targets for the pervasive snake oil merchants and man, were there plenty of them. A friend of mine had a booth (Morgan Stanley) and he gave me a few factoids. The attendance is down but it...

I'm pretty sure you mean "Bestrade software". He claims to be able to tell you for any given stock, the ideal day of the year to enter and exit based on averaging the stocks path during the year each year. And yeh "this guy he knows loaded up on calls and made $50K" he says in dramatic gesture...

One element of Doug's plan is something that may gain traction in the wake of the recent ponzi. The client retains legal control of the trading account much like many CTAs operate. The trader gets a limited power of attorney to trade the account avoiding theft of funds or or other shenanigans...

"Do you know what a fund of funds does? It invests money with traders who often call themselves hedge fund managers. The problem with hedge fund managers is that there is no transparency. The same objective could be accomplished by having a talented trader trade my accounts held in my name...

That person would not need you and your 50% profit sharing arrangement and if he/she did agree to such an arrangement you'd have to question their sanity and hence the sincerity of their trading results. But you sound none too bright yourself with your Rolls Royce that you casually mention in...

California - someone tilted the United States and all the nuts rolled in. Getting paid 2% and a 20% incentive fee doesn't make any sense for a small trader, do the numbers. It does make sense for a big fund, again put a simple excel spreadsheet together. Paying out 50% makes no sense...

And good for grandstanding for the camera chastising bank CEO's Some of them couldn't get the CEO's names right and for sure many of them didn't know the difference between what Citigroup does and what Goldman does. Blankfein had to say "er, we're not in the consumer lending business"...

I prefer Michelle Carruso-Cabrera's bottom:) (I remember Erin Burnett saying something about Hogan's bottom being violated already and then bringing him on the air. He looked pissed and actually I don't blame him).

he has appeared to have some sort of health issue for months now I do appreciate how he is not afraid to talk about the ugly stuff A couple of months ago a CNBC reporter came out and said she was getting email messages from senior Wall St. people telling her they were withdrawing all their...

Nice quote. I attended a seminar many years ago in NYC where he was describing his indicators. I had already read some of his books and tried to convert his ideas to quantifiable strategies. I plain couldn't replicate it. Too much ambiguity. Too many variables which to me means curve...

yes, flight to quality, panic buying of US treasuries. Other than that the $ is a strong sell. Not to be alarmist, but I agree with the view that global currencies are doomed. There probably will be some sort of co-ordinated currency realignment and national debts. The UK is looking awfully...

We have to think like non-traders in order to understand our adversary. If I were someone other than a trader, this proposed tax would look quite appealing. Since it's likely that institutional and professional players will be exempt, the loss in trading volumes, market liquidity and widening...