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How on earth does Flowers expect to bank on cronyism when there are higher bids being offered?

Would'nt that expose the board members and goldman to criminal and civli liability? I mean after all, we're not living in a banana republic. There are other heavy hitters involved with this deal. Flowers is probably working his goldman connections, but I doubt he'll get it at the price he wants...

I think if the Dubai group is serious, they will prevail. These people have more money than they know what to do with and they're slowly realizing that once oil runs out the only thing remaining will be their worldwide assets. Also keep in mind that the Dubai ruler is hard bent on making his...

Volente, so why did you short with such conviction a/h yesterday? Must say it was good trade if you held. In hindsight failure to break above 10400 was a signal of weakness. YM still moving south as I write.

Lets say hypothetically, what if that party was REFCO itself. How do you assign puts to someone in bankruptcy?

Do you own part of REFCO? Curious cause you seem to get real antsy when anyone posts something negative on them.

Jim Rogers won't let them off the hook easy. He'll get his money one way or the other. So what's up on the criminal liability. Who the heck under-wrote this scam IPO? I'm sure we'll see a ton of civil suits coming up next week. But question is if poor Martha got a few months jail time, this...

more likely the floor will come and jack the market up to take out stops before pulling it back eod. Breaks 10400 takes us to 10465. Best to keep in mind that it's that 1 trade that we put too much conviction behind that can wipe out weeks of hard work/profits.

Why short? Too many people got caught with their pants down on the short side. I see a little more upside.

Mid Nov to End of Dec have seen run-ups past few years. This weeks action will tell us wether it will be same this year.

What's so different between you initiating a trade based on a pre-defined set of rules as opposed to a computer initiating the trade based on same set of rules? imo there is no difference except that a computer would do it more efficiently and more profitably because using discretion usually...

Yes the Eastern front is what did the Nazis in, but it's disingenuous to allude that the U.S. played a minor role in defeating nazism when infact vast amounts of raw material, finished armaments and a lot of manpower and technological support was indeed provided by the U.S. The U.S. could have...

It's not so simple. What they lose in negative return ( as per your initial post) in US debt purchase, they gain in job growth ( by importing US manufacturing jobs) in their export industries and increased tax revenue from higher corporate profits ( more exports) . Question is how are they...

Hi geowalker, welcome aboard. I'd like to trade Chinese commodity markets. Is that possible at the moment for those residing outside China?

Too much gloom and doom. Time to start looking to go long.

Getting rid of Musharraf will only destabilze that region in a major way. When you have a vast majority of the population living in abject below subsistence level poverty and high illiteracy rates, democracy is a panacea that does not work. Except for India ( which is still very poor) I can...

Are your locus points derived from some technical indicator or from years of market observation? eg. someone uses the number 15 and 15 day counts on the nasdaq to get its turning points. something derived from years of observation.

I wonder how much of this is over-reaction and yet another form of sensationalism to scare the public. Is Kudlow having another slow news day?

Give it a rest. You made your point, now move on. At least the guy's posting his trades. So lets say he's fudging, incorporate a 10 min lag into the data. still makes the trades profitable. you sound like a broken tape, and at some point it does get to be annoying.

Goes to show that the real market wizards are those we'll never hear about. Wondering if he was a currency trader. Thanks for your informative posts rufus.