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  1. K

    When Debtors Decide to Default

    Trump walks away on his debt every so often, Banks get bailed out for making bad decisions and then they hand out bonuses. What is happening is they are taking away the morality of bankruptcy and the regular Joe the plumbers see this and figure if its good enough for the rich, its good enough...
  2. K

    $73,000 for a 1 night stay in hospital because of a snake bite

    How much to people pay in taxes over their lifetimes in those countries compared to the US?
  3. K

    Mansions Go Under the Gavel

    These people wanted to have big totems to show the world how successful they were so they spent every nickel they had and borrowed on assets and then borrowed again just so they can be the big dog in town. They probably impressed folks and everyone said "wow what a success" Now the tide is...
  4. K

    Questions about Echo Trade (and prop trading in general)

    Dont bother with bucketshops. All you need is money and just open up an account with one of the regular places such as etrade etc.. and use the pro version of the software. If commissions is an issue it means you are doing it wrong. If a 10 dollar commission makes the difference between...
  5. K

    For the noobs with short term memories

    I would like to note back then you had your debentures and scamsters playing games right before the crash. And using the Media to pump up stocks or cause them to drop in price. Now you have your players using CDS's and the media etc.. to play with the markets. Things always repeat in...
  6. K

    For the noobs with short term memories

    Seven steps to gain control of General Motor. "Leverage was the hottest new term in wall street" and it mentions the whole Leasco/Chemical bank mess. This is the Pinnacle of the Go Go years. http://books.google.com/books?id=DeECAAAAMBAJ&printsec=frontcover#v=onepage&q=&f=false
  7. K

    For the noobs with short term memories

    More goodies. "The Hedge Fund, Wall Streets new way to make money" New Yorker Magazine, October 21, 1968 (last year of gogo market) Anyone remember the "Glamour stocks" The equivalent of the Dot Coms of the 90s ie Polaroid and those new fangled computer leasing companies, etc...
  8. K

    Cocaine killed Billy Mays

    http://news.yahoo.com/s/ap/20090807/ap_on_en_tv/us_billy_mays No wonder why he was so loud.
  9. K

    For the noobs with short term memories

    Check out this archival copy of New Yorker Magazine. "Ten Survivors of Wall Street Crash" "Three years ago this man was making 90,000 today he is making sandwiches" http://books.google.com/books?id=6OgCAAAAMBAJ&printsec=frontcover#v=onepage&q=&f=true Pictures of former traders making...
  10. K

    This cash for clunkers seems to be working.

    The 700 billion the banks were given was used to speculate in commodities etc.. pay bonuses and get sent to tax shelters. It did not increase velocity of money and it just stagnated. Joe the plumber is what will get us out of the recession not bailing out Dick Fuld,Paulson,etc. Think of...
  11. K

    This cash for clunkers seems to be working.

    It seems no one seems to disagree. Heh.
  12. K

    This cash for clunkers seems to be working.

    It seems that 3 billion for Cash for clunkers is working. Unlike the 700 billion dollar TARP that had no effect except to bail out Paulson. I wonder how the economy would have been if the 700 billion was handed to Joe The Plumber instead. Velocity of money is critical, 700 billion...
  13. K

    stock_trad3r was right

    Looks like he seems to know what he is doing. The bull call is correct it seems.
  14. K

    NASDAQ and Bats to BAN all flash orders Sept 1

    Total BS how am I supposed to make money if they take this away?
  15. K

    Short GE calls (Strike 15 Aug)

    Easy money. You should already start hearing more bad news from the media to start the next round. Usually GE follows a predictable pattern. Crawl towards mid 14's Then the Bloggers,shorts,etc.. start posting news like GE is worth 2.5, GE is enron etc.. Then stock starts the run back...
  16. K

    And another $2 BILLION is approved for more cars...

    We spend billions a year giving financial aid to foreign companies and no one seems to complain. At least the 3 billion ends up in Joe the plumbers hand which means velocity of money. Unlike the 800 billion in tarp which just engorged the banks but it is all locked away in safes to be...
  17. K

    Jim Rogers speaks ...

    Commodities has no borders. We put up restrictions they will go to china. So we push jobs to china due to excessive regulations and taxes + Unions. Trading will just get sent overseas as well. We are becoming a third rate nation at this rate.
  18. K

    Front Running, Flash Orders, or Blackbox/Algorithmic Manipulation?

    Not a problem here. I only trade high volume highly liquid stock. ie: GE for example.
  19. K

    High Freq Trading Is 70% of Volume; Take It Away = Armageddon

    You know that not too long ago people just bought stock and stuck the certificates in a safe deposit box. It will not be the end of the world, Traders made money when the todays daily volume represented a week of trades. Shit even earlier they actually posted on the newspapers the actual...
  20. K

    CARS proves handing money to people is better than TARP

    TARP just went into the coffers of GS and other big banks and did not increase velocity of money nor the economy. I bet that same 800billion dollar if distributed to the population in these types of incentives would have probably stimulated the economy instead. This is why I think TARP in...
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