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Thanks - I thought I read everything in this thread before I posted that question but I guess I missed that. The second subpart of the first question and the second question still stand though.

Hey lescor, Do you ever average down on losers? If you do average down on losers, then overall do you think averaging down helps or hurts your results? Have you noticed any decrease in profits since high frequency traders (i.e., auto-penniers) have started to become more dominant in the...

That would be pretty bogus as BAC and C were just as irresponsible as any investment bank (if not more so).

If the Fed is not out of these positions, I doubt they could unload it all at a profit. And probably they are adding to their position all the time now. It's "all in" everybody and someday it ain't gonna work anymore.

So are these earnings mark-to-market earnings or has the Fed actually gotten out of the positions mentioned?

Just add to the income tax. Don't institute new forms of taxes.

It's crap. You don't want to substitute one idiotic tax for another. No idiotic taxes period.

The spam tax suggested by Charles Goodhart is also repugnant. Stop trying to tax me and stop spending so much money.

I'm not disputing those facts. But the responsibility also falls on the shoulders of the people who bought these contracts from Goldman Sachs to do their own due diligence. And Goldman was not the only entity that struck deals with the ratings agencies. If anything, the ratings agencies are more...

You can't think about it like this. First of all, the tax on stocks is ludicrously high compared to futures. Second of all, who says that once this tax is instituted that they won't raise the rates on a whim (including futures)? Your kind of thinking will only allow them to gain a foothold and...

The whole premise of this website seems to be idiotic. It will only work if there are lots of stupid people out there to use it. Oh wait, it will probably work.

If Goldman disclosed the risks involved and people were still lining up to shoot themselves in the foot, then it's all fair game. Whiners who whine because of their own incompetence need to be put out of their misery.

'You are either with us or against us' http://archives.cnn.com/2001/US/11/06/gen.attack.on.terror/

I was just trying to give you a hard time. I enjoyed working on the problem and came up with the $37.50, $37.50 answer independently. Then I went through all the posts to see if I was correct and then I wasn't correct, and then I was correct. What a rollercoaster for my ego. The n-general case...

Hey sjfan, First you give us the incorrect rules for the game and then tells us that the correct answer is incorrect. Hopefully you were not the interviewer for this very question because you would have some very confused applicants. Do you double check your prices before submitting orders...

Even if they have nothing left, money will be printed to make sure they have enough. It is the American way.

You might consider hedging with stock in afterhours trading this evening. Symbols such as FXE, DRR, UUP or UDN should do the trick.

Well, if you invest like Cramer tells you, you would buy 1 share at a time. Then you wouldn't pay much transaction tax at all! Man he is so smart.

Why does Immelt have any credibility left after GE's financial division nearly wiped out the entire company? And if it weren't for the government stepping in, they likely would not exist anymore.

Man, I'm holding my breath in anticipation! When will this happen exactly? I just wanted to pin you down on a date since you've been saying the same thing for many many years now. Nice 5 million payout though. Congrats to your cause. When does the naked shorting trial start?