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So true. I want my Clients to make money and prsoper. I could care less about Merrill back then. It's really sad that "the big boys" have been allowed to get away with so much due to their sheer size, and "power." (look at what GS has been able to do in loading up the Govt. with their cronies.)...

Congrats on the 10% vs. the -10% SPX!:) And, I agree 110% with lindq. You absolutely need to talk to a SECURITIES Attorney. And, IB would be a good choice. You'll be glad you did it when you bring in more money. i.e., less headache. I'm a Series 7 Broker and 66 for fee-based business...

Not at all. I just get a laugh when the top three flaming a*sholes in this busines get back what they've given. Mother Merrill, GS, and MS are certainly on my list of the top three. I had an inside view, and it wasn't a pretty site. Conversely, I have a few friends still at Mother Merrill...

LOL!!!!!!!!!:D I was a Merill Broker (don't hold that one against me please), before going Independent RIA. Couldn't have happened to a "nicer" group of people at Merrill!:D Morgan Stanley is loaded with the same type of culture, so I don't feel sory for them either. Just wish they...

Ok, I read through the rest of the comments in the thread, and there are some valid points. I called a CFA friend of mine (oh yes, analytical, upon analytical!) Sometimes he lets me know when I make a dumb trade by hitting me with "You really fucked up! ok, get out Investments by Bodie...

If you'll look at the 2yr from a top down macro perspective, it closed up 33bps touching 2.74% today. That's a steep slope! Looking like higher speculation towards 25bps tightening imo. However, in the face of further elevated unemployment numbers, or another 5.5% (or worse) reporting, I...

Been a Series 7 Broker, and 66 RIA coming into the business after the crash in 2000. Back then, I was a newbie, and made all my phone calls without getting too burned out by the hang ups, the fuck you's, and the "I'm cashing in my IRA to buy a new motor home" calls. 2008, I call someone I was...

LOL!!! At this point, I wouldn't touch C with a ten foot pole. There are some "Pros" out there writing $15 puts and collecting income. Short lived income...

Exactly! Btw, I don't know if I'd want to be shorting the Nasdaq right now...

Wash Sale Rule from Investopedia: "An Internal Revenue Service (IRS) rule prohibiting a taxpayer from claiming a loss on the sale of an investment when the same investment was purchased within 30 days before or after the sale date. Also know as the "30-day wash-sale rule".

From what I understand, you can only carry forward $3,000 in losses each year. So, if you lost $9,000 this year, you could carry forward $3,000 for three years. Cap gains, you'll pay as the Gov't isn't going to let you carry forward $9,000 for example, in losses to offset $50,000 in gains...

Averaging $500/day Mon-Fri, you shouldn't have to accept a paper route job, unless you want the exercise. How much capital are you trading with? How much leverage?

I've been there too. Keep buying! You won't be sorry! These almost have a secondary market! ZERO chance they will decline in price! ZERO!

Laughed my ass off!!!! I think hedgie needed to be told to shut up! After that, hedgie meets the floor.:D Great stuff!!! :D Sounds like the Broker will face less than a Felony, so he won't lose the Series 7 for ten years. I bet mr. arrogant hedgie will think twice before being an ass in...

You'll laugh. But I'm telling my Accredited Clients who are gun collectors to take a portion of what they've got in cash, and load up on magazines, and rifles the "Dums" will target in their assault on our rights. (no more than 5% of cash reserves, but for some of these guys... I'd like to have...

Most Vets here who produce solid P&L sheets aren't going out on a whim with stock selection. Search around, there are many posts about screning equities. Welcome to the board. Good stuff here!:)

I simply cannot imagine an Obama President! This would prove that people aren't smart enough to be ALLOWED to vote in this Country, and that's scary. I served in the Marine Corps as an Enlisted, and Officer (Mustang! Ooh rah!), and hopefully have an opinion due to prior service. Obama=...

I would venture to guess his definition is going to vary from yours. So, as long as one is a Home owner, they're not a loser? Is that right?:confused:

That's the one! It's also in a bullish phase. I don't know if I'd want to short it.

I'm long NG contracts. I'm sure there's an ETF, possibly a leveraged ETF (x2) you can buy/sell short out there that tracks NG. Please post your find.