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WMARKW

WMARKW
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  • Re: High-Speed Trading. Someone please help me understand.

    "The report did say the activities of high-frequency traders, firms that use computers to buy and sell thousands of times per second, had helped the trouble spread." (from the article)

    Every time I buy and sell in my account I have to wait for the trade to settle before I can buy or sell those shares. Otherwise I get a "free-riding" violation. So.....how do the HFT get away with trading thousands of times per second without having to wait for a transaction to settle??
    Oct 5 01:03 PM | Likes Like |Link to Comment
  • September ISM Non-Manufacturing Index: 53 vs. 52.8 expected and 53.3 prior (>50 denotes expansion). Prices index declined to 61.9 from 64.2. Employment fell to 48.7 from 51.6. New orders rose to 56.5 from 52.8. Business activity rose to 57.1 from 55.6.  [View news story]
    Bozer....I don't know if I'd call it "trucking". That implies some degree of robustness. I have more of a vision of the asian guys with a pole over their shoulders hauling two buckets to the market. At the same time we have an African woman hauling a large clay pot on the top of her head. That's seems more of the nature of the economy we are dealing with.

    Don't forget.....all suppliers are creating Holiday Season merchandise in the supply chain. Some stock is already appearing on shelves, but it will amplify over the next several weeks.

    After the Holiday Season.....look for pull backs and layoffs.
    Oct 5 11:12 AM | 1 Like Like |Link to Comment
  • What The Bulls Have To Do To Take Control [View article]
    ""For the bulls to take control of the market, they have to demonstrate that banking and cyclical concerns have been alleviated."

    Sounds like a major challenge. In this balance sheet recession, until consumers (70% of the economy) feel emboldened, there won't be GDP growth that will support the "bulls" desire for uplift.
    Oct 5 10:56 AM | Likes Like |Link to Comment
  • Interview: Are We Nearing A Bottom For Global Markets? [View article]
    "The rout in global financial markets is continuing, characterized by extreme swings of up to 5% in some markets. What is the reason behind the extreme volatilities in the markets?"

    Extreme volatilities are brought about by the intervention of non-market forces in the market, including the Plunge Protection Team and other agents of the Treasury and Fed.
    Oct 5 10:43 AM | Likes Like |Link to Comment
  • Last Hour Reversals [View article]
    Don't worry, the Plunge Protection Team has your back. If we really knew the back room dealings, the Wall Street Demonstration would turn into a lynch mob.
    Oct 5 10:40 AM | 5 Likes Like |Link to Comment
  • IMF offers support to Italy, Spain [View article]
    IMF = International Monetary Fraudsters

    It's amazing what one can do when one has a copy machine that copies currencies. Blessed be the virtue of double entry book keeping. I can credit your account with tons of money and put a corresponding loan on my books. Hey....anyone need a loan!
    Oct 5 10:37 AM | Likes Like |Link to Comment
  • ECRI U.S. Recession Forecast Will Weigh Heavily On Global Stock Markets [View article]
    Mad Hedge.

    A couple of alternative scenarios and comments:

    1. End of the model year. People realize new model will be coming out and they can buy better prices now than in the near term.
    2. Inventories are building in advance of end of year seasonal shopping.
    3. 391,000 - is not significantly different from the approx. 400k first time filers that has been with us for months. Any short term reduction will be associated with # 2 above and will be short lived.
    4. Diamonds - my wife wants a yellow one. I would easily do it. She would think it was a gift. I would look at it as a "portfolio diversification strategy".
    5. Just got to Gold Medallion on Delta... I can't afford $5000 a hour for their corporate jet alternative. But maybe if I find 5 or 6 friends, we can splurge.
    6. We are deflating. Your S&P analysis is spot on. The PE I would assume will always follow the interest rates down.

    Regards.
    Oct 5 12:00 AM | 2 Likes Like |Link to Comment
  • The Fed: We Have No Idea What We're Doing [View article]
    EA....I guess if we are going to bail out the banks, we have to make sure the homeowners come out with the "I'm lovin it moment". To focus on bank solvency without addressing home owners and clearing the housing inventory is not a solution. You have to kill 3 birds with one stone.
    Oct 4 11:47 PM | 1 Like Like |Link to Comment
  • In his testimony before Congress today, Fed Chairman Bernanke bluntly warns that the economic recovery, such as it is, "is close to faltering." Operation Twist, the Fed's latest move to help the sputtering economy, will be "meaningful but not an enormous support." So, with few bullets left, could the Fed Chairman be hinting he's ready to hand the baton back to Washington and the private sector to work its own way free the current economic morass?  [View news story]
    In today's balance sheet recession, the Fed is powerless. They cannot make the consumer spend. They cannot make the banks lend. Witness the difficulty of refinancing....there is money to lend, the rates are low, but the qualification requirements are unattainable by many.

    When people feel "safe" in their jobs, income, ability to meet their obligations.....then they may begin to "borrow" to spend.
    Oct 4 11:42 PM | 1 Like Like |Link to Comment
  • The Fed: We Have No Idea What We're Doing [View article]
    I don't suspect the FED is as "stupid" as they would like us to believe, nor are they as "intelligent" as they would like us to believe.

    I do think that they understand their limitations. And, yes, today the burden of "pumping the economy with steroids" falls on the Congress to initiate an incrementally robust fiscal plan. I think it would take $2T of well spend dollars. It would take $4T of not well spent dollars. No one in government would propose a stimulus program of such magnitude today. Wisely so for their political careers.

    The simplest way - in my view - to make the balance sheet recession go away is for banks and home owners to get a tax credit for their losses re: mortgages that were written during the housing boom. Home owners get an immediate credit for not more than their down payment. They get released from any mortgage shortfall when the bank sells their home. Banks get a credit related to their mortgage loss, but only to the extent they didn't package the mortgage and sell it off. The must be incented to minimize that loss. Their credit is applied to up to 5 future tax years. They would immediately mark to market for book purposes and have a single year of massive losses for book purposes but not for tax purposes.

    If the banks packaged and sold the mortgage to Fannie and Freddie, then those bundles of mortgages just get written off at Fannie and Freddie. It's a massive book loss for them, but the cash has long since disappeared. They will just not be paid back and so there will be a big Fannie and Freddie writedown..... and guess what....they just won't pay back Uncle Sam. So what.
    Oct 4 06:21 PM | 6 Likes Like |Link to Comment
  • Anti-Wall Street protests pick up steam across the U.S. after ragtag offshoots of the Occupy Wall Street movement start to get loosely organized via social networking sites. The focus of the groups center on the "exorbitant" bonuses in the banking industry in light of unemployment and taxpayer bailouts. Lingering question: Is the extensive use of Facebook the wisest choice for the agitators with many of the targeted bankers set to get rich from a Facebook IPO in 2012?  [View news story]
    OK, I'll take your $26,000 over 10 years. Load the pipeline with 3,000 students a year until the pipeline over 10 years get's loaded with 30,000 graduates x 2,600 per year = (drum roll please) $78 million a year in income to the university, the equivalent of $3900/enrolled student. Tell me a university that wouldn't be happy with a $3,900 tuition increase.

    This one single item is not designed to be the only answer to provide a monetary benefit to the University. I've only named 3 little items. I can show you a number of companies that were spun-off from University created intellectual property. They turned into billion dollar companies. What did the University get out of it.....zip.

    But I gather by your cyincism that you would not be interested in identifying if there were really ways to run a university more like a business. You seem more oriented to mocking. Your choice.
    Oct 4 02:07 PM | Likes Like |Link to Comment
  • ECRI U.S. Recession Forecast Will Weigh Heavily On Global Stock Markets [View article]
    Then they need a good 5,000 volt jolt to wake them up, and it will only be administered at the ballot box and in the press. Unfortunately the press needs about 15,000 volts.
    Oct 3 10:51 PM | Likes Like |Link to Comment
  • Anti-Wall Street protests pick up steam across the U.S. after ragtag offshoots of the Occupy Wall Street movement start to get loosely organized via social networking sites. The focus of the groups center on the "exorbitant" bonuses in the banking industry in light of unemployment and taxpayer bailouts. Lingering question: Is the extensive use of Facebook the wisest choice for the agitators with many of the targeted bankers set to get rich from a Facebook IPO in 2012?  [View news story]
    I'm simply protesting their protesting.

    And to compare Wisconsin or Wall Street with Egypt seems to me a little over the top of a stretch.

    What I struggle with re: liberal protests is their inability to articulate a fundamental position and to offer a defensible argument. People in Greece protested too. And yet.....all they appear to have wanted was status quo. Seems that everyone's answer is "take the money from the rich". That makes about as much sense as me saying...."We could do with a few less trough feeders".
    Oct 3 10:48 PM | 1 Like Like |Link to Comment
  • Pursuit of safe bets lifts 10-year Treasury price [View article]
    Geeze....I can get 2.15% for 5 years at my local credit union for a CD with no principle risk.
    Oct 3 07:17 PM | Likes Like |Link to Comment
  • Anti-Wall Street protests pick up steam across the U.S. after ragtag offshoots of the Occupy Wall Street movement start to get loosely organized via social networking sites. The focus of the groups center on the "exorbitant" bonuses in the banking industry in light of unemployment and taxpayer bailouts. Lingering question: Is the extensive use of Facebook the wisest choice for the agitators with many of the targeted bankers set to get rich from a Facebook IPO in 2012?  [View news story]
    Tex.....LOL. Our academics can't even run their University as a business profitably.

    If I were a University, I would enter into an agreement with the top 15% of entrants. I would tell them they would have every academic advantage I could provide. All I want in return is their ordinary tuition less any scholarship, and ...... 2% of their earnings for the first 10 years.

    They can't even monetize their patent portfolio effectively.

    They don't get a dime (that I know of) off publishing rights for anything their "tenured" professors publish. What's up with that?

    Feel free to add to the list. I sure I missed about a hundered "capitalist" ideas that could apply to Academia.
    Oct 3 07:02 PM | 1 Like Like |Link to Comment
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