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Most jobs are harder than they look, even selling hot dogs at the ball park. http://www.nytimes.com/2007/05/05/business/05pursuits.html?n=Top%2FReference%2FTimes%20Topics%2FSubjects%2FB%2FBaseball Highlights:

I'm sure somebody has bought 1514 and sold 1515 about 100 times today! :D

a bit whippy, no?

So they added 317,000 to the nonfarm payrolls number to capture jobs created by new businesses? Am I reading that correctly? Good thing they didn't create a headline from this paragraph from the commisioner's statement, regarding the household survey:

Somewhere around here is a thread about the new systems that will read and analyze and trade on economic releases before us mere mortals can even figure out what the "number" was. When I first read about this I found the concept fairly pathetic, because if it actually worked and traders felt...

We used to call that "liquidity arbitrage" and I always wondered to what extent it was practiced intentionally. It is mind blowing to compare the capital/buying power extended overnight to the increase in implied cap value to the S&P 500. How many shares of GE would you have to buy to move...

It's nice to have unusual option activity noted before the buyout announcement. I am getting tired of reading about a buyout and then all the geniuses look at price action leading up to the announcement and deduce that there was insider trading. Monster was 2nd on today's list. Topping...

The string of consecutive up days is impressive and sobering, as is the upward plodding low volatility nature of the market, but how can we call this overdone?? 2004 +3.14% 2005 -.61% 2006 +16.29 % 2007 ytd +6.24% When not so long ago, we had: 1994 +4.8% 1995 +30.06%...

phew.. for a second there I thought it was going to go up forever.

HON +22.68% ytd CAT +19.68% ytd and today's stars? GM + 3.64% TODAY! headline: GMAC has $305mm Q1 loss on home loans. There's a company I want in my portfolio! (not) earnings release tomorrow... gee, I wonder if it's going to be stronger than expected?

Time to take some profits? It would be nice if we ever got even a 5% correction to reload rather than panic. I actually got a partial fill today and bought 200/500 SDS at 52.95. I guess I better enjoy it for the brief moment until the S&P blasts to a new alltime high. Also sold GE today...

Just took some profits, sold at 37.50. There was a big offer there... so of course it immediately went to 54/55! :eek:

My trading account is.... confused. My investment portfolio is very happy. :confused:

I guess there were several trades with 72 handles... 72.31 . what a sucker play, as 73.31 was the day high.

I'm glad I didn't learn this lesson the hard way, and will be extra careful in the future.

CAT traded near it's high of 73.31 into the close and went out around 73.23. I was going to enter an afterhours order to sell at 73.35 and I almost put the order in as 72.35 instead of 73.35. I looked at the indicated bid, and it was 72.30 so I had to go back to charts to make sure the big...

great job! Although I didn't go along for the ride I have to thank you for this post: Made me rethink what I was doing and at least kept me from getting short at 1486. :D

according to my calculations.... ... carry the 1.... they are trying to raise a cool $1bil. (vs the original $500mm)

Month of April is +5.2% for S&P 500 (OK, it's not quite over yet) Gee, 5% per month compounded is gonna be 60%++ per year. I can live with that! Anyone remember 1995 (+34%) 1996 (+20%) 1997 (31%) 1998 (+27%) and 1999 (+20%). I do, and I remember wondering how hedge funds could...

Traded how high overnight? 30.90?