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  1. K

    U.S. Wages Have Fallen EVERY Quarter of the 'Recovery'

    It's because the democrats love keeping the poor people down. Nearly every policy they espouse has the simplistic appearance of help with the actual outcome being harmful. Every year I keep thinking the left is going to wake up and see what's really happening.
  2. K

    CBOE to List VIX 'Weeklys' Options Beginning October 8

    I do a lot in the weeklies as well. For certain strategies, it's huge to have 5 bites at the apple every month instead of one. This is a CBOE product. Will it be Section 1256?
  3. K

    Largest Private Traders

    LMFAO
  4. K

    Fear of the Swan

    Somewhere between the two. Respect the swan, be mindful of the fact that the swan lurks...but don't let it own you.
  5. K

    Stench from Chicago so Bad, Fitch Finally Smells It

    They tax the people who can pay...to hand it out to those that choose not to work. Worked well for Greece...for a while. Didn't I hear something like 100 people got shot in Chicago in one weekend recently? And the news gal actually said that was an IMPROVEMENT over the same period of the...
  6. K

    NFA Lawsuit against AMP??

    It strikes me as odd that an organization with 13,000 accounts and structured as an FCM would have such little actual infrastructure. If you want to get a CPA/CPO/RIA and run a bootstrap operation, that's doable. But the FCM world is far more onerous in terms of regulation, paperwork...
  7. K

    Hillary proposing higher short term capital gains taxes

    Many new immigrants to the US have been quoted - when asked why they wanted to come the the US - "I wanted to go to a country where the poor people are fat."
  8. K

    Starting my own hedge fund

    If you are going to accept money from others in the US, you will be subject to some type of oversight and pre-qualification - as Bob mentioned. The requirements depend on what you will be trading. If you are doing ANY securities trading, RIA applies and you are subject to SEC oversight. If...
  9. K

    Ferrari Officially Files For IPO

    If you want to make money on Ferrari, you are far better off owning the vehicle than the stock.
  10. K

    Disprove This Trend

    The TICK should have been in the negative "program selling" range when this got started. I know some used to use that to scalp these moves.
  11. K

    Hillary proposing higher short term capital gains taxes

    You just randomly pick a number to decide who's poor? Hmph. The problem (from many on the right) is that there is a significant part of the "poor" population that choose not to work and live off the gov't. There's a very big distinction between these folks and those that are legitimately...
  12. K

    I don't understand business news

    Most of it is quite biased...or as others have stated...largely irrelevant. What you are looking for is real news that promotes one of the two emotions that will make you money in the markets - fear and greed. Whenever the market is moving with any conviction, one of those two is usually in...
  13. K

    Hillary proposing higher short term capital gains taxes

    There are now too many Americans benefiting from the handouts - the tide has turned. She isn't really going to do anything to Wall St. The markets know it will be business as usual with her in office...just like with Barry - remember all of his "get tough" talk on the stump? It's just noise...
  14. K

    And another BAILOUT, told you there is no such thing as failure, only bailouts, who's next???

    They'd still deny it. Tsipras is in denial. He doesn't believe any of this is right, he said he had a knife to his throat and had no choice. Krugman was on Bloomberg a few days ago nearly crying over the whole mess because the "evil German empire" forced Greece to wreck it's own economy...
  15. K

    IB Call Questions

    Remember there is also a value to the short call that was in the money. The broker is shorting the underlying at market value then taking the difference in funds back to the strike price. For instance, if a stock is $87 and you shorted the 70 call - your call expired at -$17. The simplest way...
  16. K

    And another BAILOUT, told you there is no such thing as failure, only bailouts, who's next???

    Yep...them too. It used to be that there were differences, now they're all just bought and paid for. The GOP still pretends that they care about spending.
  17. K

    And another BAILOUT, told you there is no such thing as failure, only bailouts, who's next???

    This deal is far from done. And they crushed Tsipras in the meetings. They are demanding nearly 60B in property collateral be posted, in return for 100B in capital. Also, Greece must pass further austerity measures into sovereign law by Wednesday and the EU/IMF reserves the right to reject...
  18. K

    IB Call Questions

    Q1 - Assuming you have the margin available, you will be short the underlying - that is...the short call is exercised and you are short from the strike price. If you do not have the margin to be short the underlying, IB will close out your naked call in the last hour. Q2 - Really the same...
  19. K

    China’s Futures Markets: The Door Opens Another Crack More

    You would trust China enough to trade their products on their own exchanges? We've seen the gov't - recently - decide that they didn't like how the market was behaving and impose random rules to make it behave better...like preventing sales for six months etc... China looks collectively like...
  20. K

    Largest Daily Changes in the S&P 500

    The Chinese market is like a fairy tale on another planet. It's a witches brew of companies with few rules and maybe a half a billion unconsciously superstitious fresh new day traders. I think we can predict the path that will take. Greece's "resolution" - if it happens - will just be for...
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