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You would be correct if the "better than expected" profits were actually profits and not bullshit abuses of marked to market accounting and reporting taxpayer money as profits. I would love to have a company getting 40B in capital @ 0% interest and then loaning it back out at 5-6%...

Be careful with these levered ETFs. Its probably a better trade to go short the SRS and short SPG. Goldman putting a conviction buy on SPG is one of the funniest things I have seen (and thats saying alot in this environment). A friend of mine called his buddy on the GS CRE desk and told...

Makes you wonder how we are "turning the corner" . When the banks get thru claiming our tax money as profit we are back to reality.

Patchie is not actually interested in logical dialogue. He just wants to repeat his New York Times worthy op-ed.

Patchie, Dont assume that everyone on this board is a hack daytrader....some of us read it for amusement and post stupid comments occasionally just to solicit a response. Its clear that everyone who understands how the current market microstructure works knows this is an irrelevant idea...

I love the "we had it for 70 years" justification these morons give. Lots of things worked for 70 years...horse buggies, slavery, milkmen, the abacus. Most of these guys still think the floor of the NYSE is a relevant place, instead of a solitaire parlor, and that guys place orders by...

Wrong Forum Comrade.

MK, I have to respectfully disagree here. I think the perception of fair value is different from actual fair value in these cases. If you have a company that is actually making a REAL NET profit then at some price money is willing to come in and buy that series of cash flows, taking the...

You sir are a piker. Why would you advocate any constraints to your trading? The fact that you are a long homer is not a sufficient rationale for the up tick rule, its less efficient and it doesn't work. When I used to trade manually I could lean on bids with large size offered and you could...

LOL. Vegas is only efficient because: 1) The quote a 5% spread around "theoretical". 2) They rig the games.

I was not talking about fixed costs, but thank you for your thorough answer. I was talking profits on a per trade basis, and it was actually a sarcastic question to the poster suggesting that profits are measured in cents when they are measured in mills (hundreths of cents). It is certainly...

Just out of curiousity, what type of profit margins do you think the big black box firms run on?

Ivan, My point is that RICH is not defined by ordinary income, its defined by net worth. Lets assume your average tax rate is 30% and you make 250K. This means after taxes you are taking home 14,500/month. Certainly you are not starving, but you are NEVER going to get anywhere close to...

Ok, If we really all agreed that the deficit (which the previous Republican administration created to some unnecessary degree) was a problem, then why are we cheering all of the new government spending that is being rammed down our throats. 650B for healthcare on top of everything else...

Quote from sprstpd: Somewhat, however I'm sure people wanted to become rich when the top tax bracket was 39% and when it goes back to that level, I'm sure people won't mind becoming rich then either. And yes, people got rich when the highest tax bracket was 39%. All I've heard from Obama...

I can't wait to hear the positive responses from the liberals to this tax. Its amazing how many people on this board are sitting in their moms basement smoking pot and posting on this board. The only thing that will complete their liberal wet dream is for BHO to legalize pot. This forum...

Obama = Pied Piper It's not hard to get people to follow you when you promise 95% of the population whatever they want and then give the other 5% the wooden dick to pay for it. I pay 700 times what the median household pays in taxes. Anyone who says I need to do MY PART can get FUCKED.

How is this a winner? It doesn't matter about the biased sample, or the low volatility sampling period. The bottom line is the uptick rule doesnt apply to the big firms that trade 70-80% (one sided) of the market volume every day...it didnt when the SHO pilot was being run, it didn't before...

You uptick rule guys are wrong. Every big high frequency shop/ prop shop will get around this with market maker exemptions or bilateral otc products (no i am not talking about bullets or conversions). Also do you really think the ETFs are a problem??? The Spoos trade an order of magnitude...

"One of the dumbest posts on ET. Thanks for the laugh." Why don't you enlighten me then W4? I'm willing to bet you can't write 10 coherent sentences. I figure your response will likely contain the words idiot, moron, and one or two sentences. Lets have it!