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When markets get all wonky like yesterday, it makes perfect sense that liquidity is going to disappear. When Accenture for example is rightly prices about $40, but all hell broke loose so I see it trading at a penny. If I can be sure trades will be enforced, I will be happy to buy it at a...

For all you guys who were lamenting the loss of volatility, be careful what you wish for. Happy trading!

lol

What if you bought some stock at a firesale price, then sold it a few minutes later at a normal market price. They said they are busting the first trade, but what of the second? You would not have made the sale if you weren't able to make the buy in the first place. Do they bust the second trade...

If this passes, every time a purchaser goes out to spend some money, they aren't going to think "where can I get the best deal?" they are going to think "where can I go to cause me the least paperwork?" It's going to be a huge boon to companies that sell a whole bunch of things. Amazon...

What a strange reason to leave an otherwise intellectually worthy discussion. I rather enjoyed our back and forth. Oh well, good day sir.

jeffers, thanks for the info and excellent analysis.

What might have happened if the T key was in the bottom row..

A question for you guys that trade on margin. What happens if you were long the minute before ACN went to a penny? Does a single tick at a price trigger a margin call liquidation? Let's say you had $39000 cash in your account and you bought 1000 @ 40. Then it ticks to 0.01 and bounces right...

+1 What do the dems do now? Is there time for the crash to bottom and bounce a little before mid-term elections?

Direct link to article: http://www.reuters.com/article/idUSTRE64525E20100506 Will we will look back on this event and say "wow, Greece didn't know how good of a deal they were getting" or "see kids, this is where the war started"..?

Pete, the name of the site is Fair Share Taxes and the premise is that the rich aren't paying their fair share of the taxes. I'm just saying that they are. Part of the money that the Rich family made were in their 401k, a tax-free account. They are only 40 years old, so if they withdraw that...

OK, I did. There are a number of convenient omissions on that site that need to be addressed. Here's a few. Myth: The Rich family built their $1.3 million estate tax-free. Truth: Part of that money was earned (and income taxed along the way) through the hard work of Ms. Rich. The other...

If you do go for it, here's a few tips. Get an office, the cheapest one you can possibly find. Nothing says "I'm a brand-new, under-capitalized, one-man shop" like the wife answering your business phone with screaming kids in the background. Also, don't undervalue the ability to leave...

See: Reverse Mortgage http://en.wikipedia.org/wiki/Reverse_mortgage Similar things are available for younger folk with lots of home equity.

The banks don't need an incentive, it's the law. It's just the way the foreclosure process is prescribed in law. Foreclosure is a long process, and not a sure one. I had a friend, a semi-sleazy Russian, who was into flipping foreclosures about 10 years ago, I tagged along for a while wanting to...

You raise some valid points. We disagree on a philosophical level however. If you think the Rich family should be taxed at a higher rate, you think that the gov't can do a better job of investing/spending that money than the Rich family. It's that simple. Your attachment said that the...

As was said, they auction it off, pay the 1st mortgage. If there's anything left, they pay the 2nd and subsequent leins. If there is money left after that, yes they actually do send you a check. But remember, the lender doesn't give a fig if you get anything once they have to foreclose. They...

Friends working together? A finance class? A good Catholic family?

Here's my take on Mr. Yanhui's 970.43% gain in the $25,000 trading contest on FXCM. Now I may be completely wrong on how the contest was won, and I really hope I am, but we can use game theory to prove that his 970% gain was not really that impressive considering the stakes given by FXCM. I...