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You mean penniless in a motel room and contemplating blowing their head off? Sounds like me in about 6 months...

What I don't get is that something has to give. If they formulate this 600 billion euro package, where is the downside? Shouldn't something like gold spike up? What about their interest rates? Will their credit rating go down? It just seems like it was a net-positive result! It seems...

This is just insane to me. They keep announcing bigger and bigger debt packages to fix the situation in Greece, and finally they go bonkers and announce something that's 500 million euros, and the market snaps back 200+ pts on the YM. Everything is showing signs of being better: euro is up...

Thanks for the response! Very interesting points. From my understanding as well, if Greece had their own currency, they would be able to depreciate it, so that their exports became cheaper and their imports would get more expensive so that people would buy local things, thus supporting the...

I just read that the EU will start defending the euro starting May 10. I'm wondering why they took so long to decide this? Also, what are the pros and cons of defending a currency they way they will defend the euro? If they start buying euros on the open market, what are the repercussions...

How close did we get to getting limit down on the SP futures yesterday? Did "someone" end up defending that limit so that the markets would get halted? It seems like we were a few points away from it, but I'm not sure how close we got. Imagine the turmoil that would have caused...

Yes, they need to save Greece, but it's going to be very hard, if not impossible. Germans don't want to dump their hard-earned money into Greece, or Portugal or Spain... which is exactly the problem that Milton Friedman predicted. He said that the euro won't survive it's first economic crisis...

TA is always right. It just depends on whose TA you're talking about. The market is action made up of hundreds of thousands of people all at the same time. They are each looking at the markets and making a guess as to which way the markets go. A large portion, if not a vast majority, of...

Thank you both, and thanks for the explanation black diamond and the link to the workbook! I think I will look into getting that. I'm basically just really curious about these things after hearing about them for the past couple of years because of the financial crisis, and realizing that I...

US Attorney's office is reportedly pursuing criminal charges against GS. Politically, everyone is getting ready to shit on them. After decades of being on the right side of the trade and fucking over a lot of people, their enemies are probably chomping at the bits to get a piece of revenge...

Thanks, trendlover and Chelsea_FC! This is the info I was looking for!! Chelsea_FC, if you wouldn't mind answering a few additional questions, I would greatly appreciate it! 1) I don't want to bug you too much, so if I wanted to read up on how these MBSs are valued, which keywords should...

I'm trying to understand the entire Mortgage Backed Securities market. I understand the concept, but I'm a little confused by the actual number values, mainly because I don't know what the pricing is. For example, let's say I'm a bank. I give out 10 mortgages for $1million each, for a total...

Oh wait, I guess DNDN halted trading...

WTF happened to the spreads on DNDN options? They're huge, even for front month contracts! Are my quotes wrong?

How do you *really* know that it's a 90% win rate? This isn't a game of poker where the percentages are fixed, this is a completely different beast. It really depends on how accurately you have defined all the variables in your system and figured out how their probability distributions, etc...

I agree, the data most definitely is terrible on IB. Here's a post I wrote a couple of weeks ago with no responses: http://www.elitetrader.com/vb/showthread.php?s=&threadid=196373 It seems like IB misses a bunch of volume and then "rolls" them up every 15 seconds or so. That's the only...

Yes I would be interested as well. However, where are their servers located? I think IB has servers in Asia. Would this company have servers in Asia as well? One thing especially with the HSI contract is latency or slippage. HSI slippage is terrible on IB, I'm wondering if this is...

I'm not 100% sure, but you may be able to bypass the TWS API and submit trades using the FIX protocol. I don't know too much about it, but I remember reading about this somewhere, and I do believe IB allows you to submit orders this way. You can look into that if all you want to do is manage...

I can totally understand. I'm in exactly the same boat, in that I don't have a precise understanding of the mechanics of the system I use. I have a system that I'm working on quantifying, but it's very hard and I've gone discretionary this month which makes it even harder. On a similar...

schizo: To believe you can actually capture the entire move is the unfortunate delusion that most of us suffer from (me included). But the fact is that the ONLY way you can capture the entire move is if you can see the future. We cannot see into the future, thus to expect you can capture...