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  1. L

    what is nasdaq Level 3

    Dumbest post of the week. Maybe month. :p
  2. L

    BTU Trading Machine!

    Ed, I'm not sure if you are able to comprehend what I posted previously because you continue to try and "link" two entirely separate entities . . . 1.) Goldman's research. 2.) Electronic automated execution software programs which EVERYONE (not just Goldman) has on the Street. They are...
  3. L

    How is the weather this weekend in NY?

    Must have gotten pretty close to June of 2003, which holds the record at 10.2" of rain. http://scienceview.berkeley.edu/view/ Gorgeous weather here in the San Francisco Bay Area!!! :D
  4. L

    More bad news for those playing the home game

    Excellent analogy and post. :)
  5. L

    California’s Nightmare Will Kill Obamanomics

    Pabst, I agree. I was simply answering SPECIFICALLY to a previous posts ("jems") wanting to know what I meant by the TAX BASE being pretty narrow in the State of California. I also elaborated on what makes the tax revenue structure so volatile. I think much of that went over the "heads" of...
  6. L

    Oil has become a stock

    Where have you been? The OIH only has 18 companies in it and is very easy to trade because it is incredibly liquid. RIG makes up 17% and SLB makes up nearly 12% of the index, as does DO at almost 9%. So in effect, 36% of the index is weighted towards 3 stocks. It trades with a very high...
  7. L

    The Next Nail in the Federal Reserve's Coffin

    Woooooaa Nellie! Some of you guys are getting a bit ahead of yourselves . . . First, it has to get through the House. I believe the article that you cited above said that there are 250 co-sponsors, including 78 Democrats, but needs to be "promoted" by the Democratic majority leadership in...
  8. L

    California IOUs to be treated as Securities.

    But they might not be all that liquid. (Isn't BofA's redemption deadline tomorrow?) If you can't cash them in, then I think you might have to wait till October.
  9. L

    U.S. apartment vacancies near all-time high

    Why would you find such an article so informative? It simply states the OBVIOUS that there is far too great of a supply of apartment units out there, just as there are far too many auto dealers out there. Shocker.
  10. L

    U.S. apartment vacancies near all-time high

    Believe it or not, California is ranked 10th in the nation when it comes to overall tax burden. And by the way, in the United State of America . . . renters do NOT PAY property taxes. Duh.
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    California’s Nightmare Will Kill Obamanomics

    Cost estimates for education and adult incarceration of illegal aliens back in fiscal 1994 came to $2.35 Billion. Current numbers put the educational cost at $3.2 billion, alone - - - not counting several more billion from the American born siblings of these illegal aliens. I believe that...
  12. L

    California’s Nightmare Will Kill Obamanomics

    I never said that I advocated raising taxes. My point goes to the NARROWNESS of the TAX BASE and why that puts California under a lot of fiscal stress during economic contractions. California is ranked #10 in the nation in its state and local tax burden, and also #10 nationally when you take...
  13. L

    U.S. apartment vacancies near all-time high

    More cut and paste. :(
  14. L

    BTU Trading Machine!

    Ed, Goldman Sachs, Morgan Stanley, Deutsche Bank, and others have been using very robust electronic trading platforms and trading algorithms to execute baskets of stocks via program trading for their own accounts (usually via stock-index arbitrage) and for the accounts of their clients when a...
  15. L

    Ewj: elliott wave

    :confused:
  16. L

    Ewj: elliott wave

    A very rare disconnect from Crude. However, the OIH has been roaring today on the massive decline in the Dollar.
  17. L

    BTU Trading Machine!

    Given your "conspiracy" theories I bet it's pretty hard for you to be able to pull the "trigger". And you say that you "compete" with Goldman Sachs? Now that's FUNNY! :D Oh, and please feel free to show us a reference indicating Goldman's holdings of BTU . . .
  18. L

    Did Prop 13 and Reagan Doom California's Finances?

    Still waiting to see the screen-shot of your trading blotter. Oh, I forgot. You have nothing to do with the financial markets. You spend all of your day posting in the "Politics & Religion" forum of Elitetrader.com :D Tell me, does "prop-posting" pay well for a college kid out of...
  19. L

    And the California Bailout Commences

    I don't believe that I have read anywhere that confirms the OP's claim that the Federal Government is disbursing cash to the elderly, disabled, and blind residents of California. From what I have read, there are total IOU payments in July of $3.35 Bilion, with the majority going to the...
  20. L

    Did Prop 13 and Reagan Doom California's Finances?

    Gee, I wonder if the national average of real estate prices is considerably LOWER than what real estate costs in California . . . Think that might have something to do with why owner occupied housing property taxes as a percentage of homeowner income is higher in California as opposed to the...
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