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Great time for the Fed to come in with a surprise 50bp cut in both the Fed Funds and Discount, haha! :D Looks like a down market tomorrow, unless we get a good CPI number.

You'd have to call them to get a commission schedule customized to you. I was quoted $5 r/t for 30-40 sides a day and opening with $25k, which is not bad for a discount broker with full-service available. See what they offer.

We don't get too many outages over here in Illinois, unless it's a really bad storm and I just close out or limit my positions. What's even worse is if Comcast is working on the lines (like they were yesterday, argh lost $2k because of them) and they knock off the internet for awhile. I have...

I know this is crazy, but I think we'll see much more volatile days than we have these 2 days this week. I am forecasting a 500 point change one day in the Dow up or down. Maybe 75-100 in the S&P.

Back to Jan 2007 levels on Citigroup in 3-5 years ($54+)

True, I have no idea if this a bottom and time will tell. I don't think we're done with the bull market, although the first 2 quarters will be a little rough.

Longer term, I think the financials are a buy, Citi, Merrill, Goldman (once it gets below $175), Morgan, and possibly the regional banks. The banks won't go bankrupt.

I don't think we'll be down big on Monday, maybe marginally up. I think some are starting to hope on the Fed for a surprise rate cut, like we had in the Discount Rate back in August.

Time for your official 2008 predictions for the market. What do you think the Dow, S&P, and Nasdaq will end up year-end? It might be too early to decide, but, hey, just guess. I'm guessing we'll have a moderately higher year, maybe 6-7%. Not very bullish on the first quarter, and after we see...

Tomorrow is a full-fledged, abysmal volume day at the NYSE. The CME has a shortened floor close for commodities, Globex closes at regular times like week-end.

I'm sticking with tech stocks for a long-term 08 hold. I'll be buying AAPL, MSFT, GOOG, and other well-capitalized stocks on dips. Once Citigroup clears its balance sheet and lets the public know what they hold, I might pick them up (currently think they'll bottom in the mid 20s). Might pick...

Ever since they started the penny pilot on options, market makers are probably trying to make it up on the other options classes. If you don't like the spread, trade the penny pilots (QQQQ, DIA, MSFT, AAPL, etc.) or just try to do mid market + .05 for buying and mid market - .05 for selling...

Ahh, I remember going to library and hearding around those S&P stock books that had the charts with moving averages (ooohhhh) in the late 70s and early 80s when I first got interested in the market.

Oh, this thread really brings me back to the great market in the late 80s. I remember opening an account up at Merrill Lynch, one of the best for a retail investor back then. Three great trades I just pulled up from old archives: Bought Compaq in jan of 88 at 20 1/4, sold in feb for...

Look at this chart of the Dow. Looks like a setup for a down day tomorrow IMO.

Covered my short today at $117.74, so took a small loss from last night. Good thing I didn't hold.

Nice move after-hours, eh? Got out at $117.30, reversed position to be short 200 shares.

I love scalping in higher-spread stocks like AAPL, GOOG, CME, and MA. The only time I'll do this, however, is from 9:30 to 9:45 and 3:30 to 4:00, because these stocks move dollars within seconds. The thing is, if you're on the wrong side when the train is moving (and you're in big a few...

23.8%, very happy with it with the volatility we had. Mainly up due to lots of great international exposure (Canada and China funds), large equity and bond exposure, and relatively no cash (5%, I'm only 25 years old).

The best trade ever recently was basically caused by my brokerage and one of their floor traders. I sold 25 ES (S&P eminis) at like 1524.75 and then was on the phone with someone down at the CME and placed an order to buy 5 FULL S&P 500 contracts, at 1524.50 even, for a small profit at $312.50...