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

    That's how I was reading it.
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    Retail Sales Will Be OK due to tax refunds

    Here's the Gallup polls numbers for consumer spending they've tracked fairly well to the reports: http://www.gallup.com/Home.aspx It seems to be flattening. Good news, the Gallup daily poll for hiring/letting go shows more companies hiring than letting go, it's a very informal survey, but...
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    Concentration

    Have you tried vinpocetine? It is supposed to be good for protecting the myelin sheath and helping oxygen transportation to the brain. I definitely notice a difference when I take it.
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    Think stocks are cheap?

    MrDODGE, the way Standard & Poors calculates aggregate earnings is flawed, they don't weight by market cap - if GM is taken out the P/E ration of the whole S&P 500 gets *a lot* smaller. They are more seriously discussing taking GM out of the Dow, I imagine it would be yanked from the S&P 500...
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    GM is going to 150 bucks per share soon!

    News out of GM will affect the market more with a price like that, since the Dow Industrials are weighted by price.
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    System to stay intelligent after graduate school

    Set a goal for yourself that eventually will be overcome by outside motivation. What I mean is, find something that you aren't required to do, but that will have deadlines, demands, etc, accompany it after you get it going to a certain point. Examples: enter a software competition, start a...
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    Why Do We Choose To Ignore Black Swan (Pig) In Front Of Us?

    It was easy to ignore this first death - it was a Mexican toddler who had been visiting Texas. I don't know how many deaths will be the threshold, so I didn't answer the poll, but I don't think it will be until the fall or winter. With the 1918 flu, the first wave was not that bad, the...
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    Who REALLY Caused The Financial Meltdown... and who tried to stop it

    Hear hear! Now how in the world to get that passed through Congress :eek:
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    Swine Flu...

    Wonder if this flu causes a cytokine storm in your body like the Spanish flu did, that's why so many young, otherwise healthy people died from it. It caused your immune system to just go absolutely wild, the stronger your immune system, the stronger your symptoms and seemingly your chance of...
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    NoDoji's Day Trading Log

    Have you thought about just trading SPY for a few days to see how you like it? That is just about equivalent to trading ES, except you can keep your size smaller and the tax treatment is different.
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    Lot Size

    Ugh, I've done this about 5 or 6 times since I've been trading both futures and stocks lately, I keep the default size set to 1 because I'd rather accidentally buy 1 share of stock than 100 futures contracts.
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    NoDoji's Day Trading Log

    NoDoji, I enjoy reading your journal. One site I like to look at is http://www.shortsqueeze.com , it really helps me when I feel like shorting something just because its high seems irrational to me. When you see that it has 30% short interest or something like that, you begin to realize it's...
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    The Quiet Coup - an amazing story about the real reason why US Govt. Bailed out AIG

    Yeah, I guess I am just repeating what I've heard - should probably look it up and see if there's actually laws before I start spouting off my mouth. Back to the article, what makes "emerging markets" different than any other? I'm having a hard time thinking of any government that doesn't...
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    The Quiet Coup - an amazing story about the real reason why US Govt. Bailed out AIG

    I don't know, there's laws against causing runs on banks. My guess is if you actually got people to yank deposits, they'd throw you in jail.
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    Most expensive trading books?

    There were quite a few trading books on netlibrary.com when I was browsing through it one day. In Texas, you've got a free membership to it through the TexShare library database, thought I'd share in case anyone could use that info.
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    Turning $27K into $1,000,000 in only 9 months...

    Awesome! Congratulations! And, *very* good decision about wiring the money out. I mentioned it really early in the thread, and you said no at that time, but I think you've made the good, responsible choice :)
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    Soros on Bloomberg last weekend

    He also said this when Tech Ticker (Yahoo Finance thing) was interviewing him. Did you guys see the SNL skit last fall where Congress was parading around people hurt by the credit crisis and they made fun of Soros? It remind me of that. They had Soros say something like "The dollar will...
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    S&P500 P/E 13.73 w/o GM?

    No, they don't multiply earnings by a factor for market cap (like they do for the price of the index). The aggregate earnings are simply added together, see the article Daal linked to for confirmation.
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    S&P500 P/E 13.73 w/o GM?

    joeyata, yes, they might be collapsing, but my point is that GM is putting a -53.3 into that calculation, so if GM is removed, take whatever # you have for aggregate earnings and add at least 53.3 to it, since I don't think they'll put a company in the S&P to replace GM that is losing $. It...
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    S&P500 P/E 13.73 w/o GM?

    Yeah, I'd seen his article back in early March and that's why I started looking into it more. Then, I started realizing how much of the skew is caused solely by GM and how it is likely they get removed from the index, and how much of a game changer that is.
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