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Lately it has been dead for a while (I posted this observation before the big implosion) and the implosion came. Now The place was happening, the girls were busy and all the doors closed. Looks like a potential good sign.

Hey can it be done? Become a Pastor, register a church, open a trading account under the church and all your gains are 0 tax because its for the church and your living expenses as a pastor?

BMW M5 just be careful with the M button it could get you in trouble with the police.

I bet the money is in a offshore numbered account and his sons will have access to a special package with instructions on how to access it. Madoff figures he is 70 and he could do the white collar golf park prison and is willing to take all the blame.

I predict that some of the folks he swindled are not exactly your regular working joe but probably connected with organized crime etc.. ie: pay up or get chopped up type folks. Forget Jail, I would not be surprised if his children/family get capped as well. Law of the street, when you fuck...

You are looking for trouble trying to do this. Options trading is trading in 4 dimensions. If you like math/science and money :) you will love options if you do not like taking the time and doing it right you will lose money and hate options. Options is not like daytrading, it is a more...

I just finished closing all my positions. I will be going on a vacation so hopefully Volatility comes back Feburary :) I figure with the new administration etc.. new news events the VIX might trend up again.

All my options I wrote have imploded in value in the last few days (40+ percent) Do you think the volatility is gonna return after January? or is it going to be quiet the next few months. It was a good run writing OTM calls/puts the last few months.

Sounds like its for real :)

Fake statements does not = actually purchases of said securities. If no securities ever changed hands and all Madoff did was take money from new investors to pay older investors and generated bogus statements that does not mean SIPC gets involved. The thing was a Ponzi scheme. I have not...

So is that firm no longer a Market maker?

Thats the question, if no securities were purchased on behalf of the investors then there is no recovery. Also They were not members of SIPC and did not pay into SIPC so technically they have no recourse. It was a Ponzi scheme, SIPC does not cover them, if they did all those HYIP idiots...

1:21 and no reply regarding my basic questions to SIPC. Unless Madeoff investors actually had securities purchased and held by Madeoff and somehow they were "Misplaced" SIPC might have something to recover. The fact that no securities were ever purchased, his "Hedge Fund" a member of...

You must be doing something wrong :) The only people who need that book are my customers who just saw the value of the options they bought from me a few days ago decay by 43.46% :) (correction now 46.22)

It began in 1965. This is where the downfall began.

Anyone know a good source? I used to get the 750ml bottles for 245 bucks a piece.

Why is the SIPC working to recover money to investors who paid into a Ponzi scheme? I wonder how long before the Government decides to raise SIPC coverage and make it retroactive so they can recover 100% of the losses. I sent an email to SIPC with a few questions. I will post the answer here...

People will be more social, spend more time with friends or family, interacting with their children more instead of buying guilt gifts etc.. folks are going to get tired of working like dogs to service debt so they can go home to their big home filled with stuff bought on debt and no time to...

I think a new era pointing back to the past is coming, it will be interesting how this will effect the markets longterm ie DOW,S&P etc.. #1 The end of perpetual autoleases,and car loans. #2 Shopertainment will fizzle out, people will buy what they need and that is it. #3 The end of Bling...

Hi and welcome customer :) Anyhow as a big fan of writing OTM calls and puts you need to remember one thing, Volatility. This is important. You could buy an option today and watch the value decay rapidly even within hours of buying those options. It can be quite upsetting to buyers...