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The volatility and 100 point comeback was impressive. Guess it shows the ISM number and prospect of a beneficial / detrimental rate cut looming can be interpreted differently by both camps. One thing is clear, there is a serious battle going on at these levels and one side will make a stand...

no way, i hate MS products but 7 is right on! the tabbed browsing is much more efficient. I haven't experienced any bugs yet. I dropped a google toolbar at the top and it's like Waimea, offshore, glassy, and big barrels. Give it a ride, you won't go back.

at some point though if the dollar keeps sliding or an all out run ensues, we'll either have reduce liquidity through monetary changes or rate hikes. Foreigners are the Visa card that fuels our lifestyle, without them we grind to a halt. But rate hikes will have serious implications to every...

Did I read this right that old Ben said nothing today about monetary policy or the economy? guess we won't be hearing from any of the other fed officials today if BB is mum. there is no way they can cut now. Greenspan got out while the getting was good. this mess will be his legacy but at...

I'm not an economist and I'm sure there probably aren't many on ET, but can someone shed some light on how the Fed isn't totally screwed here: with the past few numbers coming in notably weak the economy is clearly tipping, slowdown is a given if not an outright recession. But at the same time...

very common question basically designed to see how you respond and handle yourself under fire. answer probably isn't as important as how you hold your composure. they say you should try to find some experience or trait and spin it into a positive. eg. you are overly ambitious and sometimes...

Gave up on Kudlow years ago, he has no credibility anymore. Ultimate cheerleader. Guys like Kudlow and Laffer claim this is the best economy ever while denying the fact that it is built on a borrowed deck of cards. Completely unsustainable. Borrowing for investment and borrowing for consumption...

Nice efficiency. I have seen the word "troll" thrown around a lot never knowing what it exactly referred to until your usage and a little consult from the urban dictionary. It really does make you wonder how some people on ET have been members for five months and have logged over a thousand...

Thanks all. excellent analysis Dac. That is pretty much what I thought but didn't know the extent of the sales trader's marketing efforts. But it seems a lot of firms don't have sales traders, the order goes from the inst. salesperson to the executional trader. Anyone know if sales trading...

OK it is kind of a dumb question but the answer remains stubbornly elusive. Hate to respond to my own post but is there really no one out there that knows the subtleties between these positions? On a side note, sounds like there is some severe carnage on Wall Street with hundreds of floor...

this is also a dicey line to walk... it's called painting the tape and is pretty easy to do for thin issues. probably easier now with hybrid.

It's gapping up today and by all measures probably fully valued here, but AAPL through 100 is a lay up. $105-110 range is propably easily achieved as there have to be a number of stops that are getting ready to be triggered. Just look at it from a retail investor perspective, the IPOD will be...

"There are bold traders and there are old traders, but very few old bold traders." Guess which one you are. When did you exactly "surpass your mentor" in dollar terms out of the past 2-3 years you have been trading? 2, 3, 6 months ago? Picking your spots a couple of times a week with huge...

While this might be how specialists make their money, this is not illegal and at least serves a function that they are required by mandate to fufill, provide liquidity when none exists. If everyone enters a market order at the same time is it unlucky or is there an event behind all the orders...

Not quite right here. He was not charged with front running but rather trading ahead. The difference being he was a specialist not a broker and was found guilty of putting his firms trading account before matched public orders. He probably gained by getting a larger annual bonus based on his...

Article on the PPT moving into everything to prop fiat currency bubble. http://www.safehaven.com/article-6384.htm

If you have capital (5-10k) you can open a prop account put on a few LT positions and keep you licenses going.

Can anyone shed some light on the difference between an Institutional Salesperson, Institutional Sales Trader, and a plain old Equity Trader (sell-side). I am particularly wondering what the duties of the Sales Trader are and what firms employ. I assume it is a hybrid role covering duties of...

Ratboy, I'm sure you have dealt with these people and there is nothing uglier than arrogance and I do know the nature of how viscous these forums get. Longhorns, you say the bankers aren't too blame but then talk about how zero down got us into this, slight contradiction. Dac, I...

I know what you are saying and agree pigs do get slaughtered, I just see many of the people getting hurt today aren't sophisticated speculators and aren't necessarily greedy by nature. They lack the understanding of the financials to fully understand what they are getting into as the brokers and...