Private Skidmark Posted March 17, 2008 Report Share Posted March 17, 2008 There goes gold again. Link to comment Share on other sites More sharing options...
joe3pack Posted March 17, 2008 Report Share Posted March 17, 2008 http://biz.yahoo.com/ap/080316/jpmorgan_bear_stearns.html JPMorgan Chief Financial Officer Michael Cavanagh did not say what would happen to Bear Stearns' 14,000 employees worldwide or whether the 85-year-old Bear Stearns name would live on after surviving the Great Depression, two World Wars and a slew of recessions.the article's math is so subprime--the last 85 years contained only one world war. . . . unless your calendar's based on derivative leverage. Link to comment Share on other sites More sharing options...
dorfinator Posted March 17, 2008 Report Share Posted March 17, 2008 PEI bottom on 3/22 next week. If it is, I can't believe how accurate M. Armstrong was with his 1997 PEI calendar. Why do they always wait for Sunday night? 651976[/snapback] Wonder if the pastor/preacher/priest told them all to turn their blackberries off during services today? Then again maybe the church leaders were all saying prayers and wondering if their money was safe? Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 17, 2008 Report Share Posted March 17, 2008 By MOE CRAPO, AP Business Writer 7 minutes ago NEW YORK - In a bid to shore up the confidence of foreign markets in the falling U.S. dollar, Fed Chairman Ben Bernanke announced late Sunday that the Fed had retained Zimbabwe Central Bank Chief Gideon Gono as a special consultant. Link to comment Share on other sites More sharing options...
Private Skidmark Posted March 17, 2008 Report Share Posted March 17, 2008 Some days a guy is just better off never getting out of bed. Link to comment Share on other sites More sharing options...
roxy Posted March 17, 2008 Report Share Posted March 17, 2008 It's just basic math. We've covered this before. See if you can run a search for "slippage" using Google in the left column 651973[/snapback] Ok, now I'm looking at not-ultra ETFs: http://finance.yahoo.com/q/bc?s=RWM&t=1y&l...&c=RYAFX,%5Erut Correct me if I'm wrong, but RWM from proshares seems to have no slippage at all (rydex has). I guess the evil is in 2x exposure. Link to comment Share on other sites More sharing options...
joe3pack Posted March 17, 2008 Report Share Posted March 17, 2008 BSC: "JPM, don't taze me, bro!" Link to comment Share on other sites More sharing options...
cwd Posted March 17, 2008 Report Share Posted March 17, 2008 http://biz.yahoo.com/ap/080316/jpmorgan_bear_stearns.htmlthe article's math is so subprime--the last 85 years contained only one world war. . . . unless your calendar's based on derivative leverage. 651979[/snapback] What is a meaningless exageration from the Fraudsters? Link to comment Share on other sites More sharing options...
Drano Posted March 17, 2008 Report Share Posted March 17, 2008 Hang Seng down 996. Link to comment Share on other sites More sharing options...
Drano Posted March 17, 2008 Report Share Posted March 17, 2008 Is that a lot? Link to comment Share on other sites More sharing options...
Drano Posted March 17, 2008 Report Share Posted March 17, 2008 I miss LeeWhee. So unfair he's not here to see this. Link to comment Share on other sites More sharing options...
stevieo Posted March 17, 2008 Report Share Posted March 17, 2008 Ok, now I'm looking at not-ultra ETFs: http://finance.yahoo.com/q/bc?s=RWM&t=1y&l...&c=RYAFX,%5Erut Correct me if I'm wrong, but RWM from proshares seems to have no slippage at all (rydex has). I guess the evil is in 2x exposure. 651983[/snapback] I have a different idea about how these work. I spent a couple of years in bearx. Whenever the market turned back up, bearx was about 2% lower than it should have been, but it corrected over a few days. With these ETFs, it shows up as the premium or discount in the ETF itself. I haven't run any numbers on these etfs, but from a little bit of trading qid and qqqq over the last 3 months, it seems the same. At the time, I thought it had to do with the price of options. Today I'm not so sure. Problem is, you're going to want to get out just after the turn, which is exactly when it goes against you. I just don't let it bother me. 1 or 2% won't make or break my strategy, and, anyway, I rarely get out early enough for this to hurt too bad. Compare the nasdaq vs qid for 5 days and 3 months and see how it tracks well when the trend holds, but breaks off trend on a turnaround. I have not looked at this thing too closely over a lot of turnarounds, but the math I've done over a couple of trades since the January bottom don't show a big slippage problem. A bigger problem is the 50 cents I lose fumbling around logging into my broker. Link to comment Share on other sites More sharing options...
Jimi Posted March 17, 2008 Report Share Posted March 17, 2008 Asia paring losses in the afternoon. Link to comment Share on other sites More sharing options...
ChicagoBear Posted March 17, 2008 Report Share Posted March 17, 2008 http://beprepared.com/Bought from them - good people 651801[/snapback] Are you stocking up on food? Just curious. Depending on what you're doing, I know a few sites. My wife went to a church sponsored financial planning seminar. She wants to know why I won't diversify out of my precious metal stocks. What should I tell her? 651857[/snapback] To keep my wife at bay, I told her she can buy as much gold jewlery as she wants. That made her happy, and she's helping us invest. Link to comment Share on other sites More sharing options...
ChicagoBear Posted March 17, 2008 Report Share Posted March 17, 2008 Is 400 posts over a weekend a record? Link to comment Share on other sites More sharing options...
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