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You may be behind other orders that took the entire size at the current bid or offer. That is the danger of market orders, you don't know what your fill is going to be.

I'm sorry to see him go too.

good post. Thanks.

just another bug on the windshield...

Those "retards in the projects" as you call them usually pay 30% of their income in rent under federal housing laws. So, if you have no W-2, you have no rent to pay. Some deal.

Some good points. Interesting thesis.

I see what you are saying about Chrysler but how are those major negatives for GM and Ford? GM may enter bankruptcy but I think the government already came out to stand behind warranties. Pontiac is being phased out and I'm sure there will be great deals on Pontiacs to get rid of them. The G8...

not short but not as long anymore either. I tried to be cute through the rally too, should have just held. Good write-up and Thanks for the insight in the original post.

maybe he thought he could raise money and leave the strategy to someone else. Even raising money is different than sales trading. I feel bad for the guy but with some better choices, he could have prevented much grief.

Anybody see what just happened in JAVA at 2:30PM? Was fairly quiet trading down to around 8.22 then BOOM! about 3 million shares go up from 8.22 down to 7.94 then up to 8.75 within two minutes. Anybody have any idea what happened?

I like your point and the way you think. I also enjoy the freedom that trading provides. The money, while I would like to make as much as possible, is not as important to me as the lifestyle I can have without being tied to a desk job. Although I would say that you mention the word "millions"...

I agree with your main points that today's market is dependent on the "greater fool theory" and that most "investors" are expecting a higher price to sell as this is there main incentive of investment. However, I would make a couple of points: 1) In theory, as a shareholder, you usually have...

Most hedge funds are not audited by an 80 year old and his secretary in a one room office in upstate NY. Also, Madoff ran a self-clearing broker dealer which allowed him to cook books without needing help from an independent third party. Not saying that fraud doesn't exist in the hedge fund...

Great article

One thing I would rebutt here is that most hedge funds do not run self-clearing broker dealers. Most use prime brokers. When you have a prime broker, your assets are custodianed with a presumably unaffiliated third party and it makes the assets in the funds verifiable thru the third party's...

Could not agree more with the Neale responses. Gasparino comes in an extremely close second. Third is the rest of the power lunch crew. I stopped watching CNBC and have made the move full time to Bloomberg TV. I'm a much happier person now.

Would a holder of physical gold be a good play in this instance? Such as CEF

Whats really funny is that both the guys who said to buy AND the guys who said to sell were BOTH WRONG. Just goes to show what a nasty market this is.

I love this guy. He just tells it like it is.

interesting. I didn't know they published that. Does NASD/SEC post a similar list for broker/dealers?