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Then why did they convert to a Bank Holding Company, which puts them under the watchful eye of the Fed and requires they pay FDIC insurance premiums. Did someone force them to do that to?

Good response. You also have to demonstrate that your activity is continuous. If you trade for a month and then take time off you will have a hard time satisfying this requirement. If you try and deduct your expenses expect the IRS to challenge it. Find another person you can trust...

That's true, they don't make sense but if the E doesn't catch up to the P a wicked correction occurs. Fundamental Analysis (or any analysis for that matter) is more art than science but with the passage of time earnings do matter and history does count.

I chose the median wages because that puts my point at a disadvantage. If few people make big bucks and many people pan-handle the median wage will be skewed up, not down. If I chose the mean wage then it is skewed down, not up. I didn't post a link because I was hoping my data would entice...

Here's another view of the P/E of the market, suggesting it is only 15.6, which, in my opinion, carries much more weight than the old fashioned way of calculating it considering the extraordinary times. "A quick indication of whether or not the S&P 500 index is fairly valued is normally...

Exactly right. There's a house across the street from me that has been vacant for 2 years. There have been a slew of offers on it at market prices and they all get rejected. Why would the banks be in any hurry to unload properties at reduced prices when they can mark those assets to market at...

Hmmm....this is an interesting one. I've prepared and received a lot of K-1's throughout my career but I've never run into this situation where you are receiving a lump sum each month. What I suspect they will do is lump this into Other Income(Loss) and attach the appropriate symbol to it...

I realize that. Without getting into a long-winded discussion on Bond Theory, the Fed is keeping ST rates low by controlling the Fed Funds rate and keeping LT rates low by buying LT bonds. Both ends of the yield curve are being controlled by the Fed so in theory, if those interventions were...

I couldn't agree more. The FED is so far behind the curve it's mind-boggling. Bernanke is going to make the same mistake Greenspan made. The bond market is screaming for higher rates but the FED won't allow that to happen.

Sad but true. Oh, and you can actually say "fuck" :D

I guess when you borrow at 0% and lend at 8% you will earn record breaking profits. I can't understand why there aren't riots over this.

JPM earns a record breaking $3.8B following the worst financial crisis since the Great Depression. INTC is humming along nicely. Oil is over $75 a barrel and probably on its way to $100 again. At what point does the FED actually raise rates? All is well in America but rates are still...

Who is the fool? Do a little research on China for fuck's sake. The percentage of their population that completes secondary school is 11% -- that's eleven percent. The median annual salary is approximately $1000 per year. You think China is some economic super power? Go do a little homework...

Asia, I was tempted to put you on my ignore list but you're such a GS brown nose shit head you're too entertaining to ignore.

Where do you think China learned how to doctor their numbers? Yeah, from the US. It's all relative.

Agree. The past few years it has been "credit for everyone" no matter if you were responsible or even employed. Go figure. It didn't cost the banks anything to create the money so what the fuck, they might as well lend to any Tom, Dick, or Harry that walked in the door. Ain't gonna happen no...

LOLOL. I guess INTC is what caused the TF to explode. Shorts gonna get smoke again.

Have you never paid your credit card bill late? Have you never gone over your credit limit? Do you pay the entire statement balance each month? Do you use your rewards card - and collect the rewards? Are your credit rating and your FICO scores rated "excellent?" Then you, my friend, may be a...

You could not be more wrong. A deadbeat is someone who pays their credit card bill in full each month.

If that is true - and it probably is - it is most likely a condition of the sale of the team. I read an article a while back that as a condition of the sale the buyer wanted the current owners to file for BK so they wouldn't have to assume some of the debt of the Chicago Tribune, which is...