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  1. syswizard

    Low Wages: Right pill for the US Economy

    UAW members make between $45 and $55 per hour. (and that's BEFORE benefits !!!) That explains why cars cost $35k+ plus today !!
  2. syswizard

    TBT long play

    Just skittishness over the flooding of liquidity by central banks right now....and the effect down the road in terms of stronger economies, and higher demand for money. Higher demand = higher rates ahead I'm not sure I am in that camp however. Again, I'd rather play the "rates aren't...
  3. syswizard

    TBT long play

    I think that's a bit too far out. Maybe the 28-32's.....I could see. This economy is going to have to start roaring soon for rates to rise. I don' see it happening.
  4. syswizard

    Low Wages: Right pill for the US Economy

    We are already there for many professions. I'm in Info Tech....and now at 40% of my inflation adjusted income from 12 years ago. This is all due to the outsourcing of millions of jobs. Cause and effect at it's best. Thanks to Lawyers er... lobbiests.
  5. syswizard

    DDE and Excel VBA

    Be careful with the ActiveX - it can really swamp your machine. I tried getting 20 or so symbols to update using the 5 second Realtime bars....CPU usage went to 100% !
  6. syswizard

    Prop Trader Journal

    Is Maverick Trading based in the Philly area ? I see some sort of offer on CL. Never heard of them before.
  7. syswizard

    This options stuff is easy

    Exactly. Similar situation: purchasing a B-B Gun vs. a Bazooka. With a Bazooka, better RTFM, or else major damage is likely. Same with options...especially short options.
  8. syswizard

    There are some big riots going on in England right now

    No fan of the Brits, eh ? Well, I worked with them in spades for JP Morgan....that company is all about the Brits. They really think they're "something".....that's my take away.
  9. syswizard

    This options stuff is easy

    Long strangles have low winning percentages. They do have their potential around earnings season however.
  10. syswizard

    This options stuff is easy

    The greeks have nothing to do with predicting direction. They simply indicate the current position's risks and rewards potential with high accuracy.
  11. syswizard

    book : Speed Traders

    Dude - if you are obsessing over 16 bucks, you shouldn't be trading......now if you spend 16 HUNDRED on his seminar and it proves to be a dud, then I can understand your concern.
  12. syswizard

    TBT long play

    TBT has soared to 27.50 today !! Last chance to short the puts was this morning. 25 appears to be the short-term bottom.
  13. syswizard

    book : Speed Traders

    That's NOT the case. The issue is that It's PROPRIETARY....not technical. The value of the book to me was to see the mention of all of the "players" in the industry. Indeed, he uses the book as a segway into his lucrative seminar business: http://www.hftleadersforum.com/
  14. syswizard

    70% drawdown monday.

    Nope...strickly for the premium income. A rampant bull market makes this a great strategy. His big problem was going "naked".....he refused to buy the OTM puts to cap his losses. When the market swooned (like it is doing now), he lost his shirt....literally overnight.
  15. syswizard

    TBT long play

    TBT has bounced off 25 level twice now....that definitely indicates a short-term bottom. However, if we swoon this fall, that could definitely be taken out.
  16. syswizard

    70% drawdown monday.

    Contact Vic Niederhofer for more advice on this..... :D
  17. syswizard

    Which shitty financial company will go bankrupt next? Part X

    This was obviously a set-up: Shitty bank = Citibank
  18. syswizard

    Bank of America to Collapse !

    Options Action had a great strategy for this one: Ratio Sell: short one BAC 5 put, long two BAC 2 puts
  19. syswizard

    S&P 500 down 6.66% - OMINOUS !!!

    This is the devil's doing. We are oh-so-hosed.
  20. syswizard

    TBT long play

    In the futures market, that's EXACTLY what happened. The 10 year note rate went up, and then reversed. This could be the bottom for rates for quite some time. After this "flight to safety", everyone is going to look at their pathetic returns and move back to equities.
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