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It's not a "free market". Not by any stretch of the imagination. We live under corporate socialism. Individuals are left to fend for themselves -- if you can't afford the market price for health insurance or university education, that's your problem -- but if any big bank (or airline, etc.)...

The Argentine economy is booming right now on oil extraction and foreign investment, made particularly attractive by an artificially low peso. They're basically printing money to inflate away the purchasing power that the economic growth is creating, to ensure that there will be a net influx of...

Hi all, I'm looking to meet up with other traders in San Francisco. PM me if you're interested in grabbing a beer or a coffee and talking shop... Cheers, R

Another data point: The United States itself has only $41 billion of currency reserves, less than Nigeria, Indonesia, or Poland, and smaller than Bill Gates or Warren Buffet's personal fortunes. (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJtWumpYQCbk). This is consistent with a...

All civil comments are welcome! ***** The dollar is devaluing. Treasury CEO Paulson and ECB head Trichet are both fine with this, according to Bloomberg (Apr 10, 2007, http://www.bloomberg.com/apps/news?pid=20601109&sid=a0uQpKUwnrUI&refer=news). A dollar is worth about 0.75 Euro as of this...

MattF - I imagine the broker who put the papers in front of that lady didn't exactly go into details beyond "you'll get $24,000 for signing here." I'll agree that it's pretty dumb to sign something without understanding it. At the same time, it's pretty evil to set up an operation whose...

Cashmoney - This is precisely what I'm trying to figure out - how to view retracements at a given level and in a given situation. On some charts, at some points, 50% (or any other Fib level) seems to be highly significant. In other situations, a given level seems to have no bearing on price...

The S&P couldn't penetrate the 38.2%, but it had no problem with 23.6%, which does not seem to have been a significant brake on price action at all. What does this mean? Thanks for the tip on the book, I'll look for it.

The S&P open yesterday and today were both at the 38.2% retracement of its recent high to recent low. Today we got a huge selloff. Prices seem to reverse at Fibonacci retracement levels often enough to be interesting, but they also seem to ignore the Fibonacci levels often enough to make it...

The S&P open yesterday and today were both at the 38.2% retracement of its recent high to recent low. Today we got a huge selloff. Prices seem to reverse at Fibonacci retracement levels often enough to be interesting, but they also seem to ignore the Fibonacci levels often enough to make it...

I think a correction is long overdue. The market has been blowing off mediocre economic numbers for months. The trade deficit is still gigantic. The budget deficit is huge. The wars in Iraq and Afghanistan are going poorly and getting worse. The slightest hint of increased instability in the...

My observations: I have a MacBook Pro dual core 2.15 ghz system with 2 gigs of RAM and the latest TWS and Java available. Although quotes lagged a bit sometimes, I noticed no slowdowns from the TWS software itself yesterday.

It's true -- programming is all 1's and 0's, it either works or it doesn't. Likewise, your house either stays up, or it collapses. You either win your legal case, or you lose. Customers either come back to your restaurant, or they don't. If you can pull it off using cheap materials, great...

Why do people always want discount programming? Do people not view it as "real" work because it's "just typing"? Programming is extremely complicated and error-prone. It's a skill and an art that takes many years of hard work to get halfway good at. There aren't all that many people who can do...

It's a very interesting time for this sector indeed. I've found some interesting leads in the Nasdaq "Clean Edge Liquid Series Index" at http://www.nasdaq.com/services/indexes/ViewIndexes/Nasdaq_clean_ls.aspx?symbol=CELS. (I believe QCLN is based on this index.) There are some in there that I...

Anyone got any favorites? Or strong feelings on the sector as a whole, one way or another? It seems to me that, taken as a sector, it can only go up from here. I don't anticipate oil and gas getting significantly cheaper in the long run.. What do you think?

Prices are holding flat in San Francisco. Stuff sells, but not as fast anymore. There's a lot of noise about throwing up some more new high-rise yuppie condos, but significant political opposition to further "Manhattanization" of SF may ground that plan..

Very interesting, thanks for the info. R

Suppose the last trade is at 105, and there are 20 bids at 100. If I have a limit order in place to buy, say, 1 contract at 100, I'm bid #21. Suppose 10 more bids come in at 100. If I change the quantity on my open order to 2, does that bump me to the end of the queue, or do I retain my...

What this whole immigration debate exposes is that, under capitalism, even the laws are secondary to the overarching goal of accumulating ever more money. This is why the Bush administration is turning a blind eye to the illegal aliens living in the US, even as a large percentage of their own...