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  1. tommcginnis

    Italy's largest drop in history

    All of existence is exponential -- what we experience as linear is an accident of local slope. :cool:
  2. tommcginnis

    Tax relief measures just because stock market is down. Enough of this foolishness!!!!!

    Incomprehensible gobbledygook, which may have a grain-of-truth phrase, "inflation aids debtors, and hurts lenders" in it. But having debt repayment tied to money supply is a guarantee of glutenous credit use and eventual disaster -- to quote Traffic, "The percentage you're playing is too...
  3. tommcginnis

    Tax relief measures just because stock market is down. Enough of this foolishness!!!!!

    business closures: you are certainly able to give your dollars to anyone you wish, but when you seek to command others to move their capital that way (via tax/wealth shifts), that's stealing, and has a long history of grotesque inefficiency. You "can't think of a good reason"? Well...
  4. tommcginnis

    Is there a cheap index option to buy?

    Your post suggests both a lack of capital and a lack of options market knowledge, and your choices are best outside of options... • charitable contribution: 100% guaranteed, lends you a warm feeling, possible tax benefits. • taking the money in cash, and setting fire to it in the side yard: 100%...
  5. tommcginnis

    Tax relief measures just because stock market is down. Enough of this foolishness!!!!!

    ((to D08)) Indeed -- a total fiction (if broadly held -- even in the orthodox, non-Morganist world :rolleyes:)... • There is no mathematical proof of such a policy-driven outcome. • Equations/models which purport to show such an outcome eventually come around to a...
  6. tommcginnis

    Tax relief measures just because stock market is down. Enough of this foolishness!!!!!

    Because it's bad signalling behavior. It suggests Mommy will always be there. It enables a calcification of any sort of danger response mechanism -- it *disables* fight-or-flight -- entirely necessary in any (responsible) economic environment. It is insidious, bit-by-bit sponging its way through...
  7. tommcginnis

    IB's Buying Power vs Excess Liquidity

    BP is a poor term; it is a gift that may be taken away at any time. EL (or better, Net Liq.) is a responsibility, and must be paid heed 100% of the time. IB (and all the other platforms) have 10,000 different ways to cut this subject, but the only one that matters is Net Liq. -- pay it due...
  8. tommcginnis

    Multiple linked accounts for different trading styles?

    I have recommended multiple, strategy-driven accounts for a while. I know of no downside, and there are multiple upsides, on a trade-by-trade, weekly, and (tax-time!) annual basis.
  9. tommcginnis

    Italy's largest drop in history

    The what? o_O
  10. tommcginnis

    DOW futures down 800

    Wake me when we clear 2650.:cool: S&P earnings * 20 = how much? :wtf: But wait -- "20" is high for a historical p/e, right?:confused: Yes, Cupcake, tha's right. Tha's right. :rolleyes: Now, roll over and go back to sleep.....o_O ((For those who "trade" without actually knowing "the math(s)"...
  11. tommcginnis

    What if there are more calls outstanding than shares available

    Satisfaction of an option contract does not require any sort of permanent disposition of the underlying shares.
  12. tommcginnis

    Have Option Gamma Trades Taken Control of the Market?

    stocknews, zerohedge, and investopedia -- the Three Musketeers of how to lose your shirt.
  13. tommcginnis

    Types of pullbacks

    A fine example of how to predict yesterday's weather. :cool:
  14. tommcginnis

    CNBC's Santelli on COVID-19

    :confused: Nooooooo. No no no noooooo. (I'm quoting Family Guy's "Consuela" here...) It's a capacity question: if everyone had it at once, hospitals would be overwhelmed, supplies would be consumed much faster than could be re-supplied, health staff would be decimated, and *millions* of people...
  15. tommcginnis

    Daytrading the whole session versus calling it a day after reaching a profit target?

    • "Let your winners run; cut your losers short." Position management! Place your trades with a SL/TP bracket in place. • "Make hay while the sun shines." (Clubber Lang) There will be minutes, hours, days and weeks and *years* when your proffered style of trade will be disadvantaged -- Develop an...
  16. tommcginnis

    CNBC's Santelli on COVID-19

    I am not a fan of Rick Santelli, but he made a great What-If statement that illustrates the market's reactions to things.... But then I have to read the idiot comments calling for his firing, as if he was making national medical policy. WTF, people. :banghead:
  17. tommcginnis

    'They're addicted to me': How immigrants keep U.S. heartland cities afloat

    Oh, facts -- who needs facts? I mean, really! Who needs 'em? :confused:
  18. tommcginnis

    IB account mix up, common?

    I would look in the mirror, first. I have handled multiple accounts on TWS for years, and *still* double- and triple-check the account roller, and still make mistakes (or attempt to, but get stopped by TWS).....
  19. tommcginnis

    Interactive Brokers down today

    There was an issue in the early-morning hours; it was cleared up before 4am eastern. Newb needs to pull up the panties, and realize that even a rock-solid platform like TWS will have hiccups, and it's the trader's responsibility to plan for that. If the newb thinks IB is not satisfactory, then...
  20. tommcginnis

    % who say people are rich because

    I appreciate the spirit of your post -- but somehow, I doubt its accuracy re "0% hard work"...:cool:
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