Going to hell in a hand basket

In times like these how are you doing as a firm. Is the margin calls coming fast and furios or do you have stops and portection in place. As we get ready to do open our own BD I was just curious. After our offering I think we should be up and running by September- October.

Any way Don hope the health is up. To all the traders out here take your vitamins and remember that it is only a game and at 4.01 the game is over leave it at the offices.

You will live longer...
 
Originally posted by myoffices
In times like these how are you doing as a firm. Is the margin calls coming fast and furios or do you have stops and portection in place. As we get ready to do open our own BD I was just curious. After our offering I think we should be up and running by September- October.

Any way Don hope the health is up. To all the traders out here take your vitamins and remember that it is only a game and at 4.01 the game is over leave it at the offices.

You will live longer...
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The firm is doing fine, and many July days showed improvement of last year. Traders profits are back on the rise (a bit rough in Jan and Feb). Not too many "risky" scenerios, we call maybe 3 or 4 people a day, not bad at all.

PM me if you like...let me know who you are and what's happening....Good Luck on the BD.

Don
 
Originally posted by chasinfla



Well, no, I didn't say <i>the capitalist system</i>. I said <i>free enterprise</i>.

Captialism is a subset of free enterprise but, from Rand's perspective, is a morality unto itself. That position is obviously bankrupt morally.

'Free enterprise' imposes no morality. Its very survival depends on the morality that its participants bring to it. Like our constitution, it reaches its fullest potential (like liberty and justice for all, feeding and educating the world) when its participants are a <i>moral</i> people.

For more thoughts along these lines, I suggest a critical reading of the Constitution, the Declaration of Independence, and the various writings of the founders.


--<font size=1>John Adams, 2nd President of the United States. </font>
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Hahahahahaha! LOL!!

Chas, you ignoramous! WAY OFF!

I cannot think of a more morally bankrupt position than Christianity itself!!! To suggest that this nation was built upon christian morals is absolutely preposterous! The constitution was, in fact, designed to free the nation from moral quacks like you.

I totally agree with you on the comment of grandstanding by the left, but let me assure you, the left has no monopoly on self righteousness. Partisan politics are an unfortunate, yet, perhaps necessary, side effect of capitalism.
 
-after hours trading didn't follow through
-europe didn't follow through
-durable goods orders much worse than expected
-futures down

Odds are against an up close today.
 
Yesterday the market breath had some follow through. The follow through was a few large cap stocks with heavy volume on the upside. The rest of the market was a dog with fleas and ticks.
 
We are going for the big one I think this is the beginning of panic ready to set in. The market has changed from positive this morning in all ways to a full blown sell off starting to be led by institutional selling. This is bad it's not short selling but a beginning of a real sell off. I hope this market falls fast and hard so we can find a real bottom and get rid of the uncertainty in the market by shrinking the spread between the bid and offers. If this happens the market makers will start making markets again. Then we will have a good trading market.
 
What ever happened to innocent until proven guiltily. All it takes these days is being accused. Personally I don't care what they say or do but lately it been causing the market to act crazy and thin. It's been like two weeks since I have seen a specialist make a market. Everything is just matching orders This is the closer to gambling then speculation.
 
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