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I agree. You also bought cheap yesterday. Thumbs up!

Flyingtiger, was that fine you mentioned $4,000,000 for the 36 grand in 1099 money? You put 4mm in there, and I didn't know if it was a typo. If that's 4mm, that's absolutely shocking!:eek: :mad: Is it because the 1099 income wasn't disclosed as outside business activity on the U-4?

What if he were to buy LEAPS? Good, bad, or ugly idea?

Absolutely! I bet those dumb bastardos couldn't find thier asses with both hands, no less actually protect the public.

Turn it up!! http://www.youtube.com/watch?v=slvPMU-7OyI

Good stuff! I agree 100%! Great post!:)

How about a 10m fine for having an old business card in a client file? (A card from a former firm.):mad: The dirty bastards!:mad: And, did you say $4,000,000 for the 1099? OH MY GOD!!!

Couldn't have said it any better myself! The regulators absolutely rape the smaller B/D's and RIA's with a sand paper covered di*k.:mad: Great post!:)

I thought there may be a strange shot of common sense at the FOMC yesterday with a 50bps tightening, but...:mad:

figlio di puttana!!! Italian for Son of a bitch!!!!!

Yes, I got a laugh about the 1% revised GDP number bunched in there with all of the other doom and gloom links. I also hope your dream doesn't come true. We could sell off more this week, and I can't stomach a 1,000 point or more drop in the DJIA.

Thanks bro!!! I needed that today!!!!:D :D A true classic!!!

Yes, feel free. If I didn't have a sense of humor, I'd be in a straight jacket at this point.

Feel free to post your frustrations here as well. Those of you who are short, congrats!:) Those of us who are long, can add colorful language right here. Here's some more: 0700- Looked at data- SHIT!!!!! 0800- Started making calls to some other money managers I know- HOLY SHIT...

Damn it, damn it, son of a bitch!!!! (Yes, I'm long the markets...:( ) Down a little over $45,000 and it's 2:00 pm Eastern:eek: :(

Are you getting out of EWZ? Why? I must have missed some news on it?

Thanks! I ordered the book by Roth, and will post a review on it. Does anyone here manage OPM using LEAPS? Most of my Clients are long-term, and I'm looking over several strategies at the moment. Could use some feedback, and ideas/opinions. Thanks!:)

Could very well happen. Had dinner with a friend from Merrill recently (he actually stayed there. I wend Independent years ago), he said "Merill isn't done with the write downs." I hinted around about a bottom in MER sometime in the future? and he shook his head. Sounds like they'll bleed some more.

I agree. A 50bp tightening is what we need. That would kick oil in the nuts a little, and give my Clients with long positions the movement we need! Badly!:) Good example: I was up 23% in QLD, and now am back down to around +6.3% Something's gotta give soon...

I'm looking for a good book (or books) on LEAPS strategies, and education. Any recommendations are appreciated! A DVD series with actual instructors, examples outcomes, etc., would be even better! Thanks guys:)