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No, that would be the equivalent of telling people that buying home and auto insurance are no longer allowed. What does need to happen is for CDS contracts to be traded on a centralized exchange so that there is greater transparency.

This about sums it up.

Instead of outright converting to another currency, how about buying options on other currencies? That way you'll have more flexibility to keep your holdings or convert later on.

They offer 400:1 leverage but the spreads on that would make it difficult to trade.

I think the writer meant equity when stating 20%.

I read an interesting article about how there are now websites that allow individuals to connect with each to lend/borrow money. With credit being "tight," I imagine that individual lenders will begin to fill in that gap left by the banks.

Thanks for the link. It looks like SAC is liquidating many of their positions - I wonder what they're up to?

Government willl always be able to borrow money. Even after Argentina defaulted on its debt, there were investors willing to lend as long as the rate of return was high. The problem for us is that the debt will become unsustainable once 30 year interest rates go up beyond a certain point.

It's interesting how most of the comments on that article's page show a profound ignorance of how the markets work. It seems like most of them are supporting it because it "sounds good."

You can use leverage for futures and the tax rate is lower on gains.

What are the typical spreads for EUR/USD and GBP/USD on IB? Thanks.

At the Bellagio high limits poker room, I think blinds are 2000/1000 minimum. You can sometimes see the pros playing there.

Today may very well be the top for EUR/USD (short term top).

I don't have Zecco myself, but considering how their trades are free, I doubt they would offer any bells and whistles like that.

Hmm, it looks like 89.10 is the bottom for SPY today. Stocktrader may turn out to be right after all but I still stand by my previous statement.

I agree. The markets are going to lose much of the previous days' gains by the end of this week.

This isn't going to work. Unlike commodities, there's not much you can analyze to see which movies are going to be successful.

You never know... since they can't lever themselves like they did before this might become a more attractive proposition from their viewpoint.

No, because if inflation kicks in, yields will go up by themselves but the economy will still be hurting.

I'm just repeating what I've heard. Don't shoot the messenger. :)