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  1. J

    The FixCNBC petition launched....

    What's worse is subsidizing garbage on the spanish language channels. And what about MTV and even the Rap music channels. Yuck. JJacksET4
  2. J

    What Real Stimulus Looks Like

    I agree. Sometimes it's just hard to agree, but I think we both want the best for the country, etc. anyways. Of course, people in different situations see things different sometimes. I would point out 2 things here: 1. Where I have been buying and renting out (its a midwest city)...
  3. J

    What Real Stimulus Looks Like

    No, again, I am talking about an investment that I am perfectly happy having made. As the OP pointed out, I would simply have more money in my pocket then. For example, right now, assume I pay $800/month (including ins. and property tax) on a house and I rent it out for $750/month. I am...
  4. J

    What Real Stimulus Looks Like

    huh? lol I am not talking about investors who screwed up or something if that's what you are implying - I am saying if I bought a house as an investment and say my rate is 6% and I'm paying full on it each month, if the govt. punishes me by not lowering my rates, guess what - that money...
  5. J

    What Real Stimulus Looks Like

    I'm not trying to take credit or anything, but that is my idea as well. :) I have even said if they would just go to 2-3%, it would be a huge help. Here are some other thoughts on what I think they should do as part of it however: 1. It would not just apply to first homes, but second...
  6. J

    Amazed by my previous stock predictions' accuracy?

    Magna, thanks for telling us that. I wasn't actually aware that ET had such a policy. I assume you want to keep ET different from other boards that discuss penny stocks like crazy, huh? I have mentioned a few times on ET that I have bought some penny stocks (and I mean pinks and OTC) and...
  7. J

    Just for fun - guess the stock or etf

    You win the title of first to answer. :) I'm surprised someone got it so quickly. It's pretty amazing to me how high the FAZ options are priced. If a person really thinks it's going to 400 or more, wouldn't they do pretty well just buying FAZ? Thanks for the answer. JJacksET4
  8. J

    Just for fun - guess the stock or etf

    There is a stock or etf that as I am typing this is quoted at about 42.70. The options on this stock have higher premiums then one would usually expect. There are calls all the way up to 400 strikes and the OCT 400 strike calls actually are listed as bid $155/ask $235 as I enter this...
  9. J

    Maybe the rally had something to do with Madoff being jailed?

    I think this rally has been based on the following: 1. Stocks such as C, WFC, BAC, etc. have been down 80-95% and yet are now saying they are earning money, don't need more federal help, etc. Also, GM said they don't need more help. I'm not saying they are doing great, but considering they...
  10. J

    Market Correlation

    1. Everyone assumes that - many stocks have already been down 50+% BTW some companies such as ARO are doing ok I guess. 2. OK, so DOW shouldn't be at 14,000 - well, it isn't - many stocks are down 80-90% - are jobs down 80-90%? 3. Same as 2 4. This can be viewed as a positive. 5. If...
  11. J

    I can't sell.

    I would have 2 ideas to suggest: 1. If you get a double, consider selling if it backs off a certain % - i.e. If you buy an ETF for $10 and it goes to $20, consider selling if it now falls to $17. Don't allow yourself to base getting out on emotions, though - once you have the double, set...
  12. J

    Is it possible to make a modest living w/options?

    I'll go ahead and throw in my 2 cents, but in reality it's only worth half that :) 1. You mention that you might get $15K, but might be able to make it up to $50K if you sell something or whatever - you have to decide it it's worth you selling or if you want to keep whatever other asset that...
  13. J

    Calendar spreads & risk arbitrage

    Well, I am no expert in takeovers nor in this deal, but I looked it up quickly and saw "A majority of shares besides Roche's still must be tendered for the deal to happen, with a deadline of March 25." The problem is very simply this - assuming the deal goes through at $95, the IVs on both...
  14. J

    Trading system can't short SKF/FAZ/SRS - need ideas on alternative symbols to trade

    I'm sorry if I don't understand something or am missing part of your question, but why not just go long the Ultras and Bulls: UYG - 2X Financials FAS - 3X Financials URE - Ultra 2X Real Estate I checked and SKF was down 17.4% today and UYG was up 18%, so it seems to do at least as well...
  15. J

    This crisis proved that Business Schools and Finance Universities are worthless?

    Isn't that the point of the original post though? These guys were all supposidly trained by the best business schools and they "completely ignored risk management". Might not be the schools fault, but it makes it look like their students don't retain the lessons they are supposed to have...
  16. J

    financials ready to explode

    Nope, not when they keep hiring Harvard business grads as CEOs and paying them millions of dollars and then they run fine institutions into the ground. A piece of paper showing what they did in school - geez. JJacksET4
  17. J

    financials ready to explode

    I hardly think M2M is a minor item. Here is some information from Steve Forbes (who knows quite a bit about money BTW) about it: http://voluntaryxchange.typepad.com/voluntaryxchange/2009/03/steve-forbes-mark-to-market-factoids.html Here are some highlights (I added the bold and some...
  18. J

    financials ready to explode

    That would of course be possible, but if M-To-M was truly removed or suspended for a solid period of time (say 1 or 2 years), I wouldn't want to get caught short financials - other things like bailouts, stimulus package, etc. would pale in comparison to the effect that would have for financials...
  19. J

    financials ready to explode

    No. The problem with mark-to-market is that it forces a price that might be unrealistic for an asset. For example, lets say you owned a house that was "worth" $200K, but if you had to sell it in the next 1 hour, you couldn't be sure of getting more then say $100K However, this doesn't mean...
  20. J

    McCain Says Congress Should Stop Giving Aid to GM, Allow It to Go Bankrupt

    Whether you lose it or not isn't going to change anything. If a GM / Ford worker with minimal skills makes $40/hr or $80/hr, with gold plated health insurance, early retirement ability, ability to get paid for doing nothing in many cases, and more, it just doesn't go over well with a public...
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