interesting that gs is up 2.5 points today and the dow is up 175 on the day it looks like the market destroyer is getting reelected. the market loves obama. he reflects stability. i would expect that if romney by some miracle won the market would sell hard.
Yeah cause its a huge statistical anomally for the market to be up on election day..... LOL, do you trade?
He is not a trader. He thinks just because the market goes up, it is the sole determinant of a trader's PnL. lol....this is madness.
I never said Obama would destroy the stock market. I said democrats would put individual traders like me out of business.
it is a determinant of what the market thinks about the likely outcome of the election today. think much?
presumably gs has a bunch of traders. the market does not seem to concerned about them being hurt by a dem victory.
And as we know since emg, "95% of traders lose, they just lose." Nice market rally we got going though...
GS would benefit from the FTT. MM would be exempt, increasing B/A spreads and screwing retail traders, 401ks, etc out of more and more profits for the banks. The ones who will get screwed out of business are individual traders like me. Sounds like you don't understand the trading business or the politics of the FTT.
doesnt worry me at all but then i dont trade for pennies. in a way it could be good. it would make unprofitable the hft that has killed volitility.