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    what's the deal with collective2?

    Sounds like the Madoff system, lol. -Neo
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    Cox should be hanged for X the uptick rule

    So basically liulala believes that the only way to save the market is to re-instate the uptick rule so the markets can once again rise to unprecedented lofty levels without regard to fundamentals. There you have it folks! The only way to save the markets is to make them inefficient again...
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    Schwab doesn't like shorting

    I can certainly agree with your statement. Velocity has increased, but does increased velocity give us enough reason to change market rules? I think the question we have to ask ourselves should be: What kind of market do we want? My personal belief is that a fair market is one in which...
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    Schwab doesn't like shorting

    During the same time frame the vix was trading in the twenties, not today's 50% range. Naked short selling was easy to get away with, which today is not the case. One example of an illiquid stock from 2007 being manipulated still does not make the case that today's entire market is being...
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    Schwab doesn't like shorting

    Lets look at some facts: 1. As of Nov 28th short interest was equal to 3.7% of all outstanding shares on the NYSE. 2. Naked short selling is now fraud and prosecuted. Taking these two points into consideration it is unlikely that short sellers who make up less then 4% of the market...
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    Schwab doesn't like shorting

    That might be so, but that does not mean anyone has proven a correlation between the uptick rule and velocity. People are coming to a conclusion without PROVING cause and effect. Just because some one says it is so, does not make it so. If science used the same thought process we would still...
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    Schwab doesn't like shorting

    This volatility has nothing to do with manipulators, its what happens in bear markets. Please provide empirical evidence that it's the shorts causing this sell off and not longs getting out of their positions. It would also help your case to provide fundamental evidence to support higher...
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    Schwab doesn't like shorting

    The problem with all those who defend the uptick rule is that they don't have empirical evidence to prove that all the "bear raids" are caused by market manipulators. "Bear raids" are nothing more then people liquidating their positions in a panic, but of course people don't like losing money...
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    Schwab doesn't like shorting

    I've just lost all respect for Schwab. He is either losing money because the retail crowd is afraid to buy stocks or he is trying to look sympathetic. Where was he when stocks were being "manipulated" upward? Why didn't he propose a downtick rule? -Neo By CHARLES R. SCHWAB (from WSJ)...
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    Trader lifestyle

    Because the number of traders is much smaller compared to the number of doctors, business owners and blood sucking lawyers out there. -Neo
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    Reminiscences of Hard Times to Come

    In my case Poland, but I've heard same stories from friends who are German, Greek, Italian. -Neo
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    Reminiscences of Hard Times to Come

    Man, I remember the same thing. I took a train ride and had to use the toilet. The damn thing was just a seat with a hole in it and you could see the tracks. The worst part of it was that it was cold and windy right up your arse and as a kid I was afraid I would fall thru and fall into my own...
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    Reminiscences of Hard Times to Come

    Unfortunately not the pork. You had to stand in line for 3-4 hours with a ration coupon that said how much you can buy, assuming there was any left by the time you reached the butcher's counter. -Neo
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    Reminiscences of Hard Times to Come

    This didn't happen in the US, but I remember: 1. Getting a grapefruit for Christmas and being happy. 2. My mother cooking kidneys (Imagine the house smelling like piss all day) 3. Using pork fat as a bread spread (with nothing else on it). America doesn't think life can get this bad, but...
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    ET has deteriorated

    I've been an ET reader since late 2003 and one thing I can tell you is that the content is cyclical just like the economy. It goes thru dry spells every once in a while. -Neo
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    Paul Tudor Jones - what were his returns *after* Market Wizards?

    Maybe you should do a bit of research before you place your bet... -Neo
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    Paul Tudor Jones - what were his returns *after* Market Wizards?

    Those are not his numbers. The funds that are mentioned in the media are run by PMs hired by him, he runs another fund for which the performance is not released because it doesn't have investors outside his family. -Neo
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    Keynsian economics is dead

    How about the Austrian school of economics? -Neo
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    Reading 13F-HR

    Another word of caution, 13Fs are filed at the manager level, which brings in the additional confusion of trying to figure out how the positions are allocated amongst multiple funds. Take the example of the Citadel 13F below. Apple is one of their top holdings, however Citadel has a bunch of...
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    Reading 13F-HR

    13Fs only show long positions. So you will never see a write, only a buy. Unfortunately without seeing his shorts (if any) the data in a 13F is meaningless unless the manager does Merger Arb or focuses primarily on a Long strategy. 13Fs are the worst for trying to figure out what Vol arb...
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