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Saw the same story in the NY Times. The best part: "...no one was ever blamed for the incident." Our efficient, accountable government in action.

CM, been watching Seinfeld reruns again? :p s5e02 The Puffy Shirt

I don't drink coffee (quit years ago), but have passed this on to everyone in my immediate family, who love this stuff. :D Thanks for the heads-up.

Don't know who said that. The 1st part is clearly false. A well-placed or well-timed entry, while undeniably helpful, is neither necessary nor sufficient condition to make money, contrary to what most non-professionals believe. The 2nd part is true, but incomplete in a significant way...

It's worth whatever the market will bear. And most of his usual target audiences have deep corporate pockets. That CNN story almost certainly vastly underestimates Greenspan's income on the lucrative speech circuit since "retiring" one year ago. The top earners' honoraria are highly...

Sure it does. See those two links called "Advanced Search" and "Preferences" right next to the Search button on any Google search or results page? Click on "Preferences", then pick one of the SafeSearch filtering options. You only need to do that once, for a given computer / browser...

Had one made a similar list in Aug. or Sep. 2005, our old friend, the newly-public Refco would have been a shoe-in for No. 1, head and shoulders above the rest. See the problem? If you are US-based (as opposed to especially the UK and Canada) and want the ultimate funds security, stick to...

Great advice above to trade currency futures... not. parabolic, you'll want to stay clear of FXCM, Gain and especially futures. Besides everything else, the minimum trade size -- 10,000 units for the former two, USD 53,000-83,000 and up for the latter -- is incompatible with both your...

Would I be shitting you?

This was posted here a few times (as early as 4 years ago) without attribution. For those who don't know, it's taken straight from one of George Carlin's classic live comedy acts.

Probably? hunch? It says so right there, in black on white: "Profits made with incentive funds may be withdrawn, but incentive funds may not." Considering that their minimum trade size is 1 mini-lot (10,000 units), $100 will definitely go a long way toward making the aforementioned...

I would argue strongly that it does. First, under that policy, available leverage depends dramatically on the currency pair: from as low as 69:1 for NZD/USD to 194:1 for GBP/USD at current exchange rates, a wide, nearly 3x range. That's just on the majors; how are the crosses treated...

Yes, it is. GBP 100,000 x USD/GBP 1.9420 / USD 1,000 = 194.2:1 leverage. Without knowing anything else about who "they" are, such flaky, arbitrary terms throw up a red flag about that market maker.

Absolutely. Most of the time. :D <embed style="width:800px; height:652px;" id="VideoPlayback" align="middle" type="application/x-shockwave-flash" src="http://video.google.com/googleplayer.swf?docId=3913298946064453190&hl=en" quality="best" bgcolor="#ffffff" scale="noScale" salign="TL"...

Hear, hear!

The answer is no at IB. See the original thread. In case you weren't aware of it, starting another thread on the same subject and bumping it after half an hour is generally not going to get you an answer faster on this forum.

Interest... hedging... the interest wouldn't be your sole rationale for hedging, would it? That doesn't work. No, the funds will not be the same. There's no free lunch here (=risk-free arb). Any carry, or positive interest income, from your position's spot leg will be more than offset by...

What I mean is that if you are, say, long 20 EC contracts and short 2.5M EUR/USD, your total required margin at IB will still be the sum of the two individual required margins, last time I checked. Even though the risk at the account level is small -- primarily operational / exchange risks...

Yes, easily. Just don't count on getting a margin break on your perfect futures / spot hedge, as one might expect.

Alan Greenspan is said to have earned more money from giving speeches (well into 6 figures a pop -- ain't supply / demand a beautiful thing?) in his first 6 weeks out of office than in his entire 18-year career at the Fed (ending at $180,000 a year). At the rate he's going, he may well break...