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That's an odd philosophy that is at odds with pretty much any study of how monopolies occur. In many industries, especially capital intensive ones with high barriers to entry, the natural progression is for a few big companies to emerge, then for them to merge to obtain pricing power or sell at...

I'd add that his supporters, based on what you see at his rallies (note I'm purposely mis-extrapolating based on rallies like he does), are in no physical condition to resist much of anything. There's no indication that any institution of the U.S. government would join in any "rebellion", and...

Good luck with that!

Because there isn't!!!! I don't know why this daily percent returns thing is so hard to grasp, but what people call "decay" is simply path dependency comparing two securities that aren't returning the same thing. A fixed leveraged ETF position held against an opposite index position is just as...

They also have a ticker running around the room. Not sure that makes them better traders or if they ever even look at it at all, guessing not.

I was always under the impression that naked short selling is prohibited in the U.S. by law. As a result, you had to get permission from someone to sell the stock they own in order to sell it short. The vast majority of shortable inventory comes from margin accounts, because you implicitly...

What a well reasoned and intelligent reply. Especially ironic given that it was a reply to piezoe's post about anti-intellectualism! You're definitely winning over thinking people everywhere with that approach, by all means keep it up until you vote on Nov 28th!

I presume you've maxed out all the possible votes on Predictit for Trump and various Trump winning options then? That's just free money you're giving away if you aren't putting your money where your mouth is in this case. And as I mentioned, you have invested the rest of your "wealth" in VIX...

A bunch of good advice. I'd only add that none of this has anything to do with your age, even if people say "at your age you don't understand...." It's all your lack of experience and education combined with not knowing what you don't know. This combination can easily happen at any age, as we...

I think the markets have solidly priced in a Clinton win so you're only going to see volatility if something else happens. The VIX forward curve is pretty darn cheap if you expect volatility no matter what.

Is the open interest there because an insider was buying or was it the insider selling. Or was the insider simply hedging on a large stock grant they recently received and think the stock is fairly valued. Or is that put actually part of a multi-security bullish position and you can't tell...

True, although condo's tend to turn into "the Projects" so there's been a definite trend away from large concentrated low income housing in the U.S. at least.

That's actually a very apt comparison. When you're talking about the biggest economy in the world, painstakingly built over the last 250 years, responsible for the well being of our 325M citizens, hell yeah I want the stability of a bond with steady but small returns rather than the huge...

FTT is a poor policy in general, but it's especially poor policy to tie a tax to some completely and utterly unrelated third program, in this case the French foreign development assistance budget. At least something like tying gas tax to road improvements has some linear relationship between the...

Don't get too down on the county based on NY. I've lived in Silicon Valley where it's the same insanity and it was easy to forget that this doesn't represent the other 98% of the country. Go to say Charlotte, Austin, or Denver and you'll find a pretty cool cosmopolitan city with far more...

You need to iterate what "LEFT 'decay'" factors are. That "decay" could also turn out to be UPRO outperforming the SPY. By significantly more than 12% Just buy VIX futures if you want to make a volatility play.

I don't need to ask my tax preparer, I do those deductions every year. In general the phaseout for things like mortgage deduction, another I didn't mention in the interest of being generous, is that for every $100 of income over $166,800 you lose $3 of itemized deduction X 33.3% up to a maximum...

I'm sorry if my belief that we should all do our part to make the world a better place offends you. It is a crazy, Trumpian kind of thing, I know. I feel so bad for you, having such an awful code of morals pushed on you. Some day you'll realize that there's more to life than whatever rat race...

OK, so let's do the math (Keeping in mind I picked Westchester knowing it has among the highest property taxes in the country and it's in no way representative of your average American). Let's also be generous and say you consider $500,000 a year a middle/upper middle class income. While the top...

If you do what I think the OP was trying to propose, buying a put on UPRO and and selling a put on an equal notional value of ES taking into account the 3X of UPRO at roughly an equal percentage distance from the strike, and rebalanced daily at closing to get apples to apples, you would...