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WMARKW

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  • Wall Street Breakfast: Amazon Unveils Mobile Credit Card Reader [View article]
    Maybe the CEO thinks "elasticity" is that thing around his undies.
    Aug 13 06:39 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Amazon Unveils Mobile Credit Card Reader [View article]
    Regarding HFT and settlement. If I make a transaction today, settlement take place in T+3 days. If I sell the same shares I bought later in the day, the money doesn't come back into my account for T+3 days. It is not available to trade again (only to do a purchase) that same day. If I do a purchase after buy and sell all in the same day, I can't sell the 2nd purchase for 3 days until all the trades settle. This is all under the assumption that the first purchase used up all "settled" cash.

    If I have a billion in my account, I can buy a billion in shares and sell a billion in shares and then buy again, but not sell for 3 days. I can't believe that HFT traders keep the amount of cash required to comply with these rules. I suspect they have different rules that apply to them.
    Aug 13 06:33 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Amazon Unveils Mobile Credit Card Reader [View article]
    No one has ever explained how HFT avoids the 3 day settlement rules. Makes no sense to me how you HFT and don't violate them. There is no way you can have sufficient "cash" in your account to do HFT.
    Aug 13 09:31 AM | 3 Likes Like |Link to Comment
  • Can We Ever Really Retire? Why Americans Stink At Math [View article]
    Just like investing in financial mediums, it's also important to invest in your health. No reason to retire if you can't enjoy it. One small investment in gym membership has probably saved me tons over the last 15 years.
    Jul 30 12:15 AM | 1 Like Like |Link to Comment
  • Can We Ever Really Retire? Why Americans Stink At Math [View article]
    With $2 million and 2.5% interest and Social Security, I'd have an income of over $100,000 a year. If all was paid off, the living expenses would be easy to swallow. And, this concept leaves the corpus of the $2 million untouched. I plan on working my plan to eat my saving up at age 95, and have a house asset only by then. If I live a little longer, then they'll have to kick me out of my house, which I'll never be able to take care of by then anyway.
    Jul 29 12:32 AM | 8 Likes Like |Link to Comment
  • Can We Ever Really Retire? Why Americans Stink At Math [View article]
    The "average Joe" isn't planning at all - unfortunately. Either they are incapable, don't care, or just to depressed to even consider that their retirement will be supported, almost universally, by Social Security ONLY.

    My wife and I will both be able to receive Social Security. That will help, but, I plan on it to pay the bills including health care, and I look to savings/investments to provide any "lifestyle" enhancements.

    I wish there was a way to package up the potential sense of despair that so many must be feeling as a Social Security only (insecurity) life style and force every kid to drink it routinely starting from the day they entered High School.
    Jul 29 12:27 AM | 18 Likes Like |Link to Comment
  • Making The Rich Richer [View article]
    Hooper - you hit the nail on the head. That's the 64 Trillion dollar one. Seems the rapid increase was done way to quickly and without any significant advance warning where the Fed could have said, much as they have had with ZIRP...." we will be doing this and expect to monitor and continue if circumstances warrant." The other real question is why the "government" support for all the screwed up real loans, particularly from Fannie and Freddie (co-conspirators in my view).
    Jul 18 06:38 PM | 1 Like Like |Link to Comment
  • Making The Rich Richer [View article]
    Why do we need to put the fiscal policy on a "sustainable" basis? Whose definition of "sustainable" will we use?
    Jul 18 06:26 PM | 1 Like Like |Link to Comment
  • Making The Rich Richer [View article]
    Let's not forget that one of the Government's responses to the "crisis" was a reduction of 2% in the Social Security tax for what I consider to be a brief period of time. Interestingly, this concept could have been extend for a much longer period of time, and could have even be increased to a complete elimination of the SS tax for the individual for 2 - 3 years. That would have had an immediate impact on the ability of the lower income groups to participate in and help generate a more robust recovery.

    The "government" could have passed legislation that would have doubled or tripled the interest rate paid on Treasury instruments held by the SS "Trust" Fund - or traded their existing portfolio for a "special issue" of high rate treasury instruments sold/traded to the SSA only. That's one way of "printing" money and putting it in the hands of individuals. Actually it leaves it in the hands of people that already earned it. And then just forces the government to pay for SS retirement benefits for that period of time.

    Personally, I don't consider the "team" to be all that creative.
    Jul 18 06:21 PM | 3 Likes Like |Link to Comment
  • What Happened To 'Peak Oil'? [View article]
    My suspicion is that as soon as "peak oil" is reached and that it becomes more realistic and profitable, the new technology will be unveiled that is more profitable and available, having been hidden or kept under wraps while we burn through the cheap resource. There are some pretty strong vested interests in the Oil business. Not so many in the thorium reactor business.
    Jul 9 07:10 PM | Likes Like |Link to Comment
  • What Happened To 'Peak Oil'? [View article]
    User 1906 re: your comment about unregulated Nigeria. Do you think the people, courts, etc. in Nigeria would ever permit a lawsuit against an oil company such as could occur in the USA? For some reason I doubt it.
    Jul 9 07:04 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Brent Falls, AbbVie Pushes Takeover, Amazon Lawsuit [View article]
    What's all the B/S about the "highway trust fund" being depleted and needing "corporations to pay their fair share" else all the highway workers will be out of job?

    How does the HTF (which runs on Federal Gas Taxes - which are still pouring in) go broke? Oh, yea, they spend more than they take in.
    Jul 3 01:56 PM | 3 Likes Like |Link to Comment
  • Gold Is For Fools And 'The Oracle Of Omaha' Warren Buffett Agrees [View article]
    Not only sad, but a repeat of many others previously published.
    Jul 2 07:01 PM | 1 Like Like |Link to Comment
  • Gold Is For Fools And 'The Oracle Of Omaha' Warren Buffett Agrees [View article]
    How likely is "most likely".... 80%? And without a time frame any prediction is without value. Will it hit $1050 by 2075 or 2015?
    Jul 2 07:00 PM | Likes Like |Link to Comment
  • Gold Is For Fools And 'The Oracle Of Omaha' Warren Buffett Agrees [View article]
    He's a great investor and manager. Just saying that having billions of OPM allows him to capture his talents to the greatest degree.
    Jul 2 06:59 PM | Likes Like |Link to Comment
COMMENTS STATS
10,275 Comments
16,477 Likes