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We haven't been since the 1930's. This is nothing new.

Yeah, people got by in Soviet Russia and people get by in Africa too. If "getting by" is your hurdle, then everyone is getting by. The standard of living in Belgium is far below the standard of living in the United States and even Britain. Anyone productive leaves Belgium, so Belgians grow...

No, they have it all in Jersey and Monaco.

"No capital loss carryover: Capital losses can only be offset by capital gains. If you are carrying forward a substantial capital loss, beware: by selecting MTM, your gains would be considered ordinary income moving forward, hence only $3,000 per year could be used to offset your capital loss."...

We inflated our way out of the 2001 recession and since that worked so well, we're inflating ourselves out of this one. Can you imagine how big the next crash is going to be? It feels like the next bubble inflated will be in the stock market again. I think the next time the U.S. may...

Um....you may have been sarcastic (but not artful enough to pull it off in a post), but there was no irony in your comments.

aside from the fact that it's not $100B (still a small number if it were), I have never met a politician I can trust.

the investment bank is still the investment bank. The part of the Glass-Steagall act which prohibits the mixing of the two is still in place. The only difference is that the two (commercial and investment) banks can now be owned by the same holding company.

YES!!!!

Heh....but in real dollars it'll be $30. What a disaster.

We've basically turned into France overnight. France calls them "national champions" and we call them "systemically important" - a.k.a "too big to fail". The net result is higher taxes, growing national deficit, higher costs due to reduced competition, capital flight, lower FDI, inflation and...

Patchie, Not only are you an idiot, but you're also an unbelievably rude idiot. Since that's the only thing you understand...listen closely, Moron: YOU are the fuckwad who accused the SEC of neglecting to do enough rigorous empirical research to remove the rule. You can't produce a...

Patchie, Also, the correlation between the removal of the uptick rule and the recent market volatility is completely meaningless. That is the definition of very poor statistical research Correlation is not causation. Your statement is as nonsensical as me telling you that the removal of...

Patchie, There are hundreds of years of stock market history before the uptick was a gleam in anyone's eye. There was no rigorous empirical research to justify putting it in place, There was no rigorous empirical research on its effect when it was in place. Why are you insisting...

Patchie, you demand rigorous empirical data to remove the uptick rule. Where's the rigorous empirical data to support the need for one? If there's no data for one, then how do you justify putting in place such a market manipulation? The rule won't stop prices going down and going down...

The chinese market allowed shorting for the first time in history right in the middle of the meltdown. There was no way for the SEC to know that we were headed into a major meltdown. If they did, they would have all quit and became traders, retiring to untold riches right about now. Even...

There's plenty political pressure. The SEC understands that the rule is bullshit. It doesn't really want to re-instate it. However, it's under an incredible amount of pressure from the cesspit of morons on capital hill and from bankers. I think the SEC is trying to find an alternative that...

Complete BS. If the stock is worth $0, it's worth $0 no matter how many board of directors and other tripe it has. Value is value whether it's a commodity or a stock. The SEC doesn't disagree. It's under enormous political pressure from the Orcs of Mordor in congress.

Of course. But, it's also impossible to meet the requirement of making a two sided market unless you're exempt. But the exemption for them and lack of one for everyone else is the reason they love that rule.

Friends and family is the way to go unless you are a trader by profession and know a lot of other traders and ex-traders. Good luck.