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Look at your worst losses. Probably you will find that you held on doggedly through corrections and just didn't let yourself get shaken out and only closed out the position once it had grown truly enormous. Now, envisage being on the right side of that. In order to make large profits you...

Only just above MS min spec probably as excruciating as running NT4 with the min spec 16MB RAM was. Vista is really designed for the 16 core 64 GB RAM systems of the future

The news moves in waves between "everything will be OK now" to "we are doomed". Someone is working the market up and down. Wall St desks operate with size in a narrow window of near certainty.

You could be right, and also definition varies depending on whether you include Banks JPM, C or just Investement Banks. DB think they are bulge bracket (based on IB clients) but nobody else does.

LEH (if you exclude C and JPM) but maybe not for much longer? Bulge bracket strictly speaking pertains to customer size (acting for S&P 500 companies?) not to Balance sheet size but it is defined differnetly by different people, so any of the above.

Once there were 5 now there are 4, so a % of the old pie that was BSC's gets spread among 4 players.

The Resolution Trust was considered a "success" because the taxpayer eventually had to absorb "only" USD75bn of losses. PS Why can't we all go long gold futures as it seems gold will just go up forever (like housing) and if we get margin called we can call on the Fed can step in and pay our...

Interesting suggestion. Like the UBS "takeover" of the much stronger SBC? Maybe JPM is one of the silent holders who are among those not fessing up to the USD200Bn of unaccounted for CDO's. Seems kinda strange that they could generate the same kind of profit growth without being in the same kind...

Ritholz on National Association of Realtors and how BENT they and possibly the WSJ are: http://seekingalpha.com/article/69852-how-counter-productive-is-realtor-association-spin

I agree there should be a tax payers class action against the Fed. Ultimately this is about maintaining the razor thin equity in the banking sector and the fiction that the banks are not technically insolvent.

The Fed has sat there with it's head up its backside and then panicked right from the get go. It did nothing for months then panicked with a 50BP rate cut on options expiration day. There is no place for these academic buffoons in the real world. The big problem is that being academics they...

If you were using an old PC maybe as 2000 is leaner, otherwise XP is better, as in 2000 they dealt with stability, and in XP they dealt with usability e.g. you get a chance to save your work before XP crashes. I am not aware of any reason to use Vista as TCP/IP stack improvements are...

He is a Swiss, who according to the Germans, can't even speak German properly.

A politician distorting the truth. Anything new here?

Fed s just doing wjhat it was set up to do - assure banking profits for shareholder banks.

Come along now, back to the ward. We really need to do something about this multiple personality disorder Mr Day(793).

Its the Gummints "no bank left behind" program.

I tend to agree. Nationalisation is also taking lace in Bolivia. Go through a mining town in Peru or Bolivia and you will understand how many miners on poverty wages don't get it how it can be that they, Bolivians, are paid so little yet the foreign company makes huge profits and the CEO of the...

According to the news, the market is rallying because a stock that sold for $170 a few months ago is now being sold for $10. Also because house prices have finally started to break down and so there is some buying. Property recessions end when anybody who mentions buying property is...

Home sales went up because prices came down - "the largest year-over-year drop on records that go back to 1999". The National Association of Realtors said that sales of existing homes rose by 2.9 percent in February to a seasonally adjusted annual rate of 5.03 million units. It was the...