wait til u see the front running done by mutual funds managers.
http://biz.yahoo.com/ms/031016/97826_1.html
Whats next? Front running/taking opposite side of a trade on analysts upgrade/downgrade (i dont think this was part of the wallst. settlement)
comments?
Cramer is a good trader in my book, but for kudlow to start talking like he's a professional trader on the same level as cramer sounds silly to me.
economics and trading are two very different arena
an experienced scalper with a good batting average doing many trades with size will lead to bigger result. but there is a real limit as to how much size one can do when scalping
i have seen other traders pick me off for 5 cents or more on many occasions when priceimprovement on the nyse leaves me hanging at the high bid on the regionals ( etrade doesnt route to the nyse except when ur giving up the spread)
I just recently upgraded my mine to a p4 2.8g 800fsb 1g ram and the problems went away. Intel's hyperthreading is the real deal. I am able to do 2 or 3 applications (like having real tick and 4 QT running on 4 different monitors) simultaneous without any hiccup.
Lets do the math:
the nyse traded about 1.4 bil/day X 252 days = 352,800,000,000 shares traded last year
with an average price of about $26.14
sec fees = about $131 million
Grasso's pay= about $25 million
Dick says THANK YOU...