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OptionManiac

OptionManiac
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  • "Media fools" are trying to spin Goldman's (GS) settlement as a victory, Barry Ritholtz writes, but it is really a "painful loss" with expensive repercussions likely to last far into the future. For starters, it opens the firm to future liability from all clients who bought money-losing derivatives, which could leave Goldman - and its rivals - constantly under attack. But the biggest question now: Who will the SEC come after next?  [View news story]
    But, will them make them more honest - by even a hair? (At least to their clients, I know they give a crap about the rest of the universe).
    Jul 16, 2010. 11:16 AM | 2 Likes Like |Link to Comment
  • Now We See What This Market Is Made Of [View article]
    Yes, were there day traders 20 years ago?
    Jul 16, 2010. 09:40 AM | 1 Like Like |Link to Comment
  • Now We See What This Market Is Made Of [View article]
    Mmmm.........Some lawmakers see that added stimulus will get them less votes, not more. I think Blue Dig democrats will balk at any added stimulus, especially if the mony is just thrown out there.
    Jul 16, 2010. 09:37 AM | 3 Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Government has never shut down the organizations you mentioned. I don't see the government closing down churches around me, I see more being built. The Catholic/Christian/Jewish school system in my area is as strong as ever, and very active in the greater community. There are no government run soup kitchens in my area, but a myriad run by many different volunteer groups.
    You make it sound as if every government worker was as slimy as a GS exec, they are not. Most are hard working people who are not elected and they do go to church and they do care for community and people.
    Politicians invoke God now more than ever, because they have to - because not believing in God is certain to get one NOT elected. Politicians are forced to seem as if they get on their knees every night and pray for guidance, because we the people expect it.
    Do I believe in easy welfare - no way!! Do I believe in paying single women for popping babies - no way!! Do I believe in the government helping out with healthcare for a kid whose hard working mother and father can't afford it - yes!! Too many of you on this site have had easy lives and don't realize that there are people out there that just don't have the smarts to make a lot of money, yet they work their guts out. I've got guys working for me who fit that mold. And I hired them by looking at their applications, not by a community referal. I've been burnt by someone I know suggesting a buddy.
    Jul 16, 2010. 07:27 AM | Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    People who make $50,000 pay a lot less in taxes now, so you would be raising taxes on the middle class.
    Jul 16, 2010. 07:02 AM | Likes Like |Link to Comment
  • Individual investors swing (just barely) to bullish overall in the latest AAII survey: 39% bullish, 37% bearish, nearly 23% neutral. The previous week, 57% felt bearish.  [View news story]
    Hey, no problem.
    Jul 15, 2010. 08:04 PM | Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Than keep religion out of government.
    Jul 15, 2010. 08:02 PM | 1 Like Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    And turn our backs on the poor elderly and children. Let them rot so I can bathe in my bucks!! So much for a nation based on Christian values!!
    Jul 15, 2010. 05:55 PM | 1 Like Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Like your ideas. More comments later this evening.
    Jul 15, 2010. 03:04 PM | Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Kind of hard in one year given a dismal economy.
    Jul 15, 2010. 03:02 PM | 3 Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Which would effectively raise the taxes on the middle class and lower taxes for the wealthy. Sometimes what sounds fair simply doesn't work.
    Jul 15, 2010. 02:48 PM | 3 Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Yeah, didn't work under Clinton. The surplus and bull market were just figments of our imaginations.
    Jul 15, 2010. 02:29 PM | 3 Likes Like |Link to Comment
  • Since raising taxes in a weak economy is not a good idea, Mark Thoma says the Bush tax cuts should be extended... sort of. He would allow the tax cuts to expire on the rich and transfer the savings to low- and middle-income households. "That way there won’t be any decline in aggregate demand... and since the transfer is from high savers to low savers, it could even provide a bit of additional stimulus."  [View news story]
    Yes, you are right. Everyone who makes less than $250,000 is a deadbeat, they just sit around and eat bon bons all day. The rich are the ones out in the heat right now building roads, taking away your trash, up on the utility poles making sure the ac keeps running, so the middle-class can just sit inside and enjoy the cool air. Yeah, the poor rich, doing all the grunt work so the economy keeps piddling along.
    Jul 15, 2010. 02:27 PM | 4 Likes Like |Link to Comment
  • Individual investors swing (just barely) to bullish overall in the latest AAII survey: 39% bullish, 37% bearish, nearly 23% neutral. The previous week, 57% felt bearish.  [View news story]
    I'm CAUTIOSLY optimistic. Don't trust you SA types.
    Jul 15, 2010. 01:27 PM | Likes Like |Link to Comment
  • Nearly 75% of Americans oppose Obama's ban on deepwater drilling in the Gulf, viewing the BP spill as a "freak accident" rather than the result of pushing the energy exploration envelope to find cheap oil, according to a Bloomberg poll.  The general perception: "If there’s a plane crash, you don’t ground all the airlines and stop flying completely.”  [View news story]
    Oh, I agree with you, but BP has had a terrible reputation when it comes to cutting corners. I'll say it again, I don't agree with shutting down all the wells, just clamping down on existing regulations - no cozy in bed with inspectors and oil rig owners, trust me, I am in the wine business and when TTB comes in to inspect our hands start shaking wondering what little details we have overlooked. Keeps us honest. And man, if you think this administration is Marxist - thank God you weren't around when Roosevelt was president, you would have thought an Uber Fidal Castro was president.
    Jul 15, 2010. 01:25 PM | Likes Like |Link to Comment
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