cwd Posted January 23, 2010 Report Share Posted January 23, 2010 How the f*** else are you supposed to make an OTC market? For dummies: "Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order." http://www.investopedia.com/terms/m/marketmaker.asp Why do you need to hedge a A+++ security which you have just marketed as super safe to pension funds and the like. You obviously know something the people you just marketed the security to, don't know, and don't tell me it was another part of the squid that was operating independently. The definition of fraud is deceit or trickery, and that is a criminal act. The people in this country are starting to figure it out and that their government is in bed with the squid . Link to comment Share on other sites More sharing options...
Trader Joe Posted January 23, 2010 Report Share Posted January 23, 2010 ShamWow !! The two circle-jerk areas....are.....just too similar Link to comment Share on other sites More sharing options...
cwd Posted January 23, 2010 Report Share Posted January 23, 2010 This NY Times article says 11 Senators have said they will vote no on Ben's nomination. No, it doesn't take 60 votes to confirm, in the worlds worst legislative body. While the final vote could even get close that will only be because voting no doesn't matter when you know there will be 51 yeas. None of these guys or gals have the guts to cast the deciding no vote and have their pictures on the front page with the headline DOW down 1000, Not that it would happen but the risk tends to focus the mind of politicians. http://www.nytimes.com/2010/01/23/business...y/23fed.html?hp How many of the eleven plan to filibuster? It takes sixty votes to end a filibuster. Link to comment Share on other sites More sharing options...
fxfox Posted January 23, 2010 Report Share Posted January 23, 2010 S&P500 monthly if we strictly follow the 1970s, then we will never go sub 900 again. Link to comment Share on other sites More sharing options...
psyche doctor Posted January 23, 2010 Report Share Posted January 23, 2010 ShamWow !! The two circle-jerk areas....are.....just too similar Link to comment Share on other sites More sharing options...
risk_management Posted January 23, 2010 Report Share Posted January 23, 2010 Psyche Doctor, is there any chance we are not finished with B? Few guys that I follow and I think are worthy of respect, are looking for correction here and then final high in the next 3 to 5 months. TIA Link to comment Share on other sites More sharing options...
MrHanky Posted January 23, 2010 Author Report Share Posted January 23, 2010 Why do you need to hedge a A+++ security which you have just marketed as super safe to pension funds and the like.You obviously know something the people you just marketed the security to, don't know, and don't tell me it was another part of the squid that was operating independently. The definition of fraud is deceit or trickery, and that is a criminal act. The people in this country are starting to figure it out and that their government is in bed with the squid . Your brokerage firm should never be able to take the other side of your trade,no matter what.Total conflict of interest.Should be routed to the open market for trading.A brokers job is to look out for the best interest of the client,if the broker is on the other side of the trade,that's impossible. Furthermore,brokerage firms (or banks) should not be allowed to own or control market makers....Period. Another problem I have is.....So many deals I have done in the past,IPO's,secondaries and so on,were underwritten by GS AND the market maker was a DIVISION of GS.total horseshit in my opinion..... Link to comment Share on other sites More sharing options...
Drano Posted January 23, 2010 Report Share Posted January 23, 2010 Op Ed by David Stockman- http://www.nytimes.com/2010/01/20/opinion/...n.html?emc=eta1 Holy ####. I never would have expected that from him. Wow. Link to comment Share on other sites More sharing options...
Trader Joe Posted January 23, 2010 Report Share Posted January 23, 2010 "The important take home here folks is that if less than 60 Senators vote yes for cloture, that means debate is open endlessly. If this were to happen, it is most likely the end for Bernanke due to the January 31 conclusion of Bernanke's term as well as the perception (correctly so), which will be amplified to enormous extremes by the media, that the political support is simply not there for Bernanke and Obama will have to make that phone call to Bernanke that he is toast. If the cloture motion is passed, it's virtually a done deal and the American middle class is then toast." Full Farticle Link to comment Share on other sites More sharing options...
Ags Nightmare Posted January 23, 2010 Report Share Posted January 23, 2010 Here's your bounce trigger Monday..... Obama, Dodd, Gregg predict Bernanke wins 2nd term Key senators assure Obama that embattled Bernanke will win second term as Fed chairman http://finance.yahoo.com/news/Obama-Dodd-G...set=&ccode= and in the WTF department.... SEC May Approve Restrictions on Short Sales When Stocks Plunge By Nina Mehta Jan. 23 (Bloomberg) -- Concern that short-sellers accelerate stock declines may prompt the Securities and Exchange Commission to adopt a rule next month aimed at curbing bearish bets when equities are plunging. The regulation would require the trades be executed above the best existing bid in the market when shares fall 10 percent in a day, said Brian Hyndman, the senior vice president in transaction services at Nasdaq OMX Group Inc. In a short sale, an investor borrows an asset and sells it, hoping to profit from a decrease by repurchasing it later at a lower price. http://www.bloomberg.com/apps/news?pid=206...CXZxM&pos=2 Link to comment Share on other sites More sharing options...
Charmin Posted January 23, 2010 Report Share Posted January 23, 2010 S&P500 monthly if we strictly follow the 1970s, then we will never go sub 900 again. The empire is collapsing Link to comment Share on other sites More sharing options...
MrHanky Posted January 23, 2010 Author Report Share Posted January 23, 2010 The empire is collapsing It already collapsed,it's just like the movie weekend at bernie's now........ Link to comment Share on other sites More sharing options...
Drano Posted January 23, 2010 Report Share Posted January 23, 2010 Here's your bounce trigger Monday..... Obama, Dodd, Gregg predict Bernanke wins 2nd term Key senators assure Obama that embattled Bernanke will win second term as Fed chairman http://finance.yahoo.com/news/Obama-Dodd-G...set=&ccode= and in the WTF department.... SEC May Approve Restrictions on Short Sales When Stocks Plunge By Nina Mehta Jan. 23 (Bloomberg) -- Concern that short-sellers accelerate stock declines may prompt the Securities and Exchange Commission to adopt a rule next month aimed at curbing bearish bets when equities are plunging. The regulation would require the trades be executed above the best existing bid in the market when shares fall 10 percent in a day, said Brian Hyndman, the senior vice president in transaction services at Nasdaq OMX Group Inc. In a short sale, an investor borrows an asset and sells it, hoping to profit from a decrease by repurchasing it later at a lower price. http://www.bloomberg.com/apps/news?pid=206...CXZxM&pos=2 So we're back to the uptick rule. Link to comment Share on other sites More sharing options...
Drano Posted January 24, 2010 Report Share Posted January 24, 2010 UFB. Your tax dollars at work. http://my.earthlink.net/article/us?guid=20...76-c413649502c9 At least it looks like they fired that guy. He should have been put in prison. Notice I didn't call him a douche because he's WAAAY past douche-dom, into psychopathology. Link to comment Share on other sites More sharing options...
Ags Nightmare Posted January 24, 2010 Report Share Posted January 24, 2010 So we're back to the uptick rule. I don't think they know what rule they want to "create".....also....the headline assuming stocks are going to plunge next month is pretty bizarre..why the rush ? Link to comment Share on other sites More sharing options...
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