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    My take on the prop firm legislation

    I do not understand the purpose of this thread unless someone has heard or knows SEC is planning something. If they do, please post the details and source. otherwise it seems people need something to do on a Sunday. I do have some inside info that SEC Enforcement will use predator drones to...
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    2.4 Million Foreclosures Possible: Government Says Absolutely No Bailout

    I worked in an S&L in the 80's. This is what is likely to happen: 1)Borrowers say "wtf" and mail the keys to the home to the lender, then go rent for much less or buy cheaper. 2) When this happens in droves, some lenders will renegotiate rates on a mass basis 3) #2 is much less...
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    Bye-bye reg T

    Mav, It looks to me like the spread is 1/2 % at IB for long/short over $3 mill . You'd need at least 900k in equity to do this, and quite a bit more for protection against liquidation. But what you are saying is there isn't anything in particular about PM accts that would cause them to...
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    Bye-bye reg T

    Mav, why is it that you will not get the short rebate on a short sale? It appears the type of trading I might do--say a pair trade, would be subject tp 15% margin--whuch is the same as an outright long or short under these rules. Why would you not get the short stock interest, or any...
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    FBI has indians arrested for hack, pump, and dump

    According to the story the SEC says , "We will go anywhere in the World to get you" Does anyone know if the SEC has predator drones?
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    Assent Trading On Cnbc

    In all seriousness , a case might be made for civil fines against the OSJ's supervisors for "failure to supervise." That's about as far as it would go.
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    Assent Trading On Cnbc

    The two employees were regional OSJ's. That's not good. I think it's interesting they only got 30k of the 150k More interesting is the disposable cell phones, secret codes and the money exchanged in a Dorito's bag. My first, most important question, "Nacho or Cool Ranch?"
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    Creating a rate lock for home buying

    Why would I hedge? Well, the bank wants 1% to hedge for a year and i would like to lock in rates now. I am not interested in waiting. Arnie, your idea the fed might ease is countered on the other side by those who think long rates will rise. That's why it's a market and I'd like to find out the...
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    Creating a rate lock for home buying

    Can someone tell me how to construct a rate lock so I can lock in current rates for 1 year, basically paying less than a mortgage broker would charge ? What's the cost, in % terms to lock in a rate using interest rate options if that is the appropriate vehicle.
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    IB EFP implied rates

    Is it really possible to significantly increase your earnings on free cash by using EFP's? Does anyone do this and what is an example of the rates you can earn?
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    GM UP over 10% premarket

    This isn't likely to happen. They couldn't even agree on Board seats. Borrowed GM and shorted 7800 at 30.65 avg. Covered at open
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    trader age

    Apparently, not you
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    trader age

    What is the avergae age of a prop trader? How many are over 45, % wise? What about other than prop, how many people (%) over 45 make their living as a trader?
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    What is your single biggest fear in life?

    Actually, I talked to a 73 yr old guy who says his biggest fear is "prostate scraping." He told me about going in for this procedure and I had to stop him . Anyway, my biggest fear is losing all my money in a nigerian 419 scam.
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    Trade Through Question

    thanks, rockford
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    Trade Through Question

    Arnie, are you basing this on a specific knowledge of the trade-through rule, or is it an opinion? remember, the trade-through rule is part of Reg NMS. This reg is very specific on trade-throughs.
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    Trade Through Question

    I was offered on ARCA at 38.99 on EC and it opened on NYSE at 39.20. Am I entitled to be filled by the specialist at the opening price?
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    Ruthless trader

    Doc, What empirical evidence do you have that the phyical will comply with technical analysis, of which you seem so fond? I am surprised a doctor would believe in such stuff--there's hardly a double blind study proving it.
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    betting on fed funds futures

    Thanks Rhymes, but I am still confused. If I want to bet they are NOT going to raise wouldn't I sell the ZQ's? And....how is 100-94.80 =20 bps a true statement?
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