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  1. O

    1/4% Tax on all stock trades pushed in NY Times today

    You gotta believe this comment from Geithner was very favorable. The "administration" does not favor? Yeah, baby! I'm not concerned about the comment "not having seen a version". What version would be any different than another other than changing the amount of the tax? What we need is...
  2. O

    1/4% Tax on all stock trades pushed in NY Times today

    Geithner comes out again against the transaction tax in Congressional hearing. I could kiss the guy. Looking for a video of the statement now. OldTrader
  3. O

    1/4% Tax on all stock trades pushed in NY Times today

    I made my comment guys. Hope you did the same. OldTrader
  4. O

    1/4% Tax on all stock trades pushed in NY Times today

    I think this misses the point. Politicians are talking about passing this in nearly every country. Capital won't have any place to flee to. Better to stop it right here. OldTrader
  5. O

    Faber: Gold won't drop below $1000 per ounce again, ever

    Let's say you're right...we expanded 64% from 1/1/2008. That's basically 32% annual growth in the monetary base. That's huge. What I'm looking at though is $800 Billion to $1,900 Billion. I can't tell the start date. But it's clearly well more than a double. Whatever the rate of...
  6. O

    So it finally happened.

    Exactly.:) OldTrader
  7. O

    So it finally happened.

    Listen son, obviously just because I didn't see it, doesn't mean it doesn't exist. Nor does it mean it does. It's anecdotal information from someone who has been in this business for over 40 years, to include some time on the floor. I also at one time managed firm money in guess what...
  8. O

    best broker to trade $5 million eur/usd during asian session (7-11 pm est) ????

    OK, I'm looking at the euro on globex. I'd say trading at either bid or ask right now, worst case scenrio is 1 tick slippage on part of a 40 lot. OldTrader
  9. O

    A peek inside the Health Care Bill

    I wouldn't watch a Michael Moor film if he paid me. And in any case, I'd hate to rely on a film for actually statistics on cancellations due to sickness. Frankly, I doubt it. I don't think an insurance company can unilaterally cancel a policy unless they were ceasing business in a state, or...
  10. O

    A peek inside the Health Care Bill

    I think what you mean is that there is no program for pre-existing conditions that is cheap enough. Insurance companies know that with a pre-existing condition they are assured of having to pay out larger than normal sums under the policy, and therefore they have to charge more. Evidently, the...
  11. O

    A peek inside the Health Care Bill

    C'mon admit it, you're a relative of Nancy Pelosi. Or a distant cousin of Obama. If you are, we understan the horseshit. Otherwise, it's hard to say where this crap comes from. It's true there are a number of problems in our health care system. One of them however is not the quality of...
  12. O

    best broker to trade $5 million eur/usd during asian session (7-11 pm est) ????

    generally I trade the euro either during the daytime US hours, or after midnight eastern. So I'm struggling a little to recall size during the hours you mention. During the times I trade, you could easily do 40 lots within 1 tick of the bid-offer, if not the offer. What kind of strategy...
  13. O

    So it finally happened.

    Premium selling as an ongoing strategy is a losing strategy in the end. You're going to have a series of small wins, and a few large losses that wipe out all your wins. History is replete with guys going broke with this strategy, guys with more experience and more capital. If you try to...
  14. O

    Faber: Gold won't drop below $1000 per ounce again, ever

    You need to do some research at the St. Louis Fed. But here's a link to the monetary base: http://research.stlouisfed.org/fred2/series/BOGAMBNS?cid=124 The monetary base has better than doubled. OldTrader
  15. O

    What Health Reform Will Do to My Insurance

    Look at the price of insurance which includes the guaranteed insurabiity clause regardless of pre-existing conditions. While everyone wants it, you gotta wonder how many can afford it. And in this guys case, he dodged it with his hospitalization plan. I guess what he was thinking is that if...
  16. O

    Faber: Gold won't drop below $1000 per ounce again, ever

    When the rates start to increase, it's effect on gold will be based on whether they are increased fast enough relative to inflation at that time. I don't think that's predictable. But the Fed has a history of being behind the curve. Bottomline is that there has been a huge expansion of the...
  17. O

    1/4% Tax on all stock trades pushed in NY Times today

    I think you're wrong. I don't think the sponsors, to include Schwab, have direct or indirect discussions with Erin Burnett. I think Schwab may well be the biggest idiot of all, advertising on a show which is supporting the end of Schwabs business, active traders. I think they need to be...
  18. O

    1/4% Tax on all stock trades pushed in NY Times today

    My suggestion would be that we email investor relations. That email is not on your link. Here's one link that I emailed them: http://www.aboutschwab.com/investor/information/information-investor.html Anyone who has a better link, please post. OldTrader
  19. O

    1/4% Tax on all stock trades pushed in NY Times today

    We've already seen how she presents the topic. She's for the tax. I agree with Seasideheights, let's email the sponsors of her program about the devastating consequences of the tax. OldTrader
  20. O

    New guys, now is not the time

    Actually the fact that you find this market difficult says alot about your methods. This market was remarkable last year, and has continued that this year. Down sharply to new lows January, February and a few days in March. Then up virtually non-stop to the peaks here recently...over a 60%...
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