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It's a vicious circle. They will reap what they sow. After all this investigation we find out that Liddy did not approve bonuses. Liddy makes no decisions, as he testified under oath in Congress, without the approval of Geithner. Geithner was appointed and reports to Obama. Geitner came out and...

There is so much negativity out there still that one of my biggest 'concerns' is the vacuum up scenario. This is a rally much like a steep selloff where it is very difficult to get a substantial entry point. We saw this on Thursday. With the market up big it was difficult to buy them at any...

Wow, you said a mouthful. This is case-in-point why it's tough to make stock picks in an open forum (Cramer). From the minute he hit send on Tuesday morning with that post, AAPL was up 14% in three days. Dow up 10% S&P up 11% Thanks for the heads up, if I shorted on margin I'd be down 28% in...

There are two sides to every story. Here's one for those Bush bashers on here: President Carter, though opposed by the banking industry, signed into law the Community Reinvestment Act (CRA). To boost community development laws, CRA was a provision designed to stem bank "redlining," the...

Nostradamus? Is this from a Fibonnachi extension? :) Who is going to win the 3rd race at Belmont that day? I can clean up if I know. A giant "l-a-s-e-r" is going to destroy the White House that day? MiniMe . . .?

Think your missing the point. The article asks reader to infer that current administration by effectively 'lowering' taxes to zero secures a 'content' voting base to keep them in office with 50% in this camp. Dow was below 7200 in October of '02 after 9/11 and dot.com bust.

Irm, this is my favorite quote from Friday's WSJ Opinion section: New and expanded refundable tax credits would raise the fraction of taxpayers paying no income taxes to almost 50% from 38%. This is potentially the most pernicious feature of the president's budget, because it would cement a...

Especially in this job market if you can stay in school I would do so. I can't imagine a CFA w/o an MBA starting out today. I helped a kid with both MBA from a top school, CFA III and a 1yr. internship from FASB behind him to get a job. I wanted him to go to a hedgefund, thank God he didn't...

So if they boycott and we retaliate, could we live without Godiva chocolate and those little knives? Maybe the U.S. could finally medal in the bobsled if Swiss boycott next years Olympics at U.S. owned Ski Resort in Vancouver. UBS admitted to defrauding the U.S. government and settled...

Thanks for the kind words guys. Almost before every trade since then this crosses my mind, is everyone else thinking this, should I actually fade it. A real test for me is using actual dollars, only way to really tell if data comes back as accurate, at least for me. Risk management is still #1...

A few years ago I was just trading S&P 500 futures, when E-mini just came out. At one point in a funk, a flat directionless summer market, I did a little test. I sized down a little for the test, and traded the complete opposite of everything I saw that day. I was scalping at the time so I had...

To me this is not about politics per se. I don't think there is an economist alive that would say the best course of action in this economy right now would be to raise taxes so aggressively. MARGINAL? It seems like almost daily we are hearing of how they are considering ways to raise/add...

I don't always agree with Cramer, but in saying that Obama must back down with some of his plans to appease the market, I agreed. He accused Obama of "Government mandated wealth destruction". One of the things he also mentioned, if admin continues with what he called 'semi-socialist' ways, was a...

While I say I never 'like' to avg. down, adding to a winning position is always optimal, I do find myself averaging down on certain trades here's why. If I am in a long let's say and sell program or headline knocks market down, I will occasionally double down at a lower price. I do this...

I forgot to mention charitable deductions BlackJack you are exactly right. You'd think that screwing the charities post-Madoff (he was 'protecting' their money in a number of cases), and in this economy would be one place they would not go. One of the obvious and biggest incentives, other than...

Not retro. In coming tax years you WILL still be able to deduct interest from your mortgages, I believe the max is $1.1M loan of no more than 2 loans (higher interest ones benefit you most), it will just be at the lower rate. In other words, if you are in the 35% bracket, this percentage...

Murray, sad truth through all this is that when Lehman, Bear, Citi were all on their downward spiral, it was the massive buying in the CDS market that led to shorting in the stocks. Debt holders are lenders to the company and come first in terms of getting any scraps left over in a bankruptcy...

Everyone says that Obama is a Keynsian economics fan. Did anyone see the Newsweek parody of this? "We Are All Socialists Now", this month. Yes big gov't spending in a downturn is a major Keynsian theory. However, cutting taxes at the same time to spur on the economy is the other part. When...

Reinstate uptick. Transaction tax. Do away with ETF's like SKF. I think Cramer and beaurocrats are trying to rig the market only to go higher. They all have a vested interest in a higher market, as do we all in the long run. However, we are/were a free-market system. SKF's have no specific #...

EH, you may not realize that you send orders down as short, most execution platforms know what you have in your account and mark it for you. As for #2, you can have a buy in and a sell in at least one increment higher ( .01 today). You cannot have a buy and a sell in at any one time at the...