Jack's yard covered with pink flamingoes. http://www.herald-mail.com/news/loc...-trip-to-new-orleans-20120318,0,6582341.story Surf
I make it as often as I can and stick it to the little guy just as I was long ago. Someone has to teach them how to lose all their money, so it might as well be me. Faster they lose their accounts, maybe several of them, they can lick their wounds and then go learn how to play golf. There is another group of guible Americans just behind them, never slows down and when economies get worse, they come in bigger droves. Pick up a book over the weekend, know nothing about emotions need to be kept in check, heck they don't need stops, they can "feel" when the market is going to go one direction, I applaud them, you feel all you want and I will steal your account in small little amounts and of course the bookie (broker) gets his on every trade, just like Vegas, but you have to buy your own bottle and you will. This is the greatest game in the world, greatest country in the world and I really don't mind paying more taxes each year, cause it is really someone's elses money, ROFL. I love it !!!!!
Capital markets need speculators and hedgers to provide liquidity, which prevents cornering or manipulation. Otherwise, massive price distortions, capital misallocation and wealth destruction in the global market place would be the norm. You can't really put a price on "fair and accurate" prices, as the entire economy - from producers to consumers to Governments to investors - rely on fair value prices to make trillions of economic decisions on a daily basis. If oil was 10$ on Monday, 180$ on Wednesday, and 10 cents on Friday, we'd live in a world deprived of much of the wealth we see today. That the market self-organizes around repetitive human behavior, is not the function of some grand conspiracy or design. But the fact that speculation plays the dominant role in every heavily traded contract or market. In order to attract the liquidity needed to 'stabilize' financial markets and create an unadulterated price discovery mechanism, the chance for profit must exist. That some traders lose and others win, is really two sides of the same coin. That you win and others lose, is immaterial. It's the net sum of liquidity provided from both winners and losers that is the invaluable economic contribution. However, due to the nature of the zero-sum game, only one side (the winners) benefit from the liquidity provided by both the winners and losers. And since very few win (less than 5%), and many more lose (95%), winners are overwhelming compensated (by a factor of ~19 times) for their efforts, relative to the losers, who lose most, if not all their invested capital. It's a cruel world.
" Capital markets need speculators and hedgers to provide liquidity, which prevents cornering or manipulation.Otherwise, massive price distortions, capital misallocation and wealth destruction in the global market place would be the norm." let's call it crony capitalism as in socialism for the rich and capitalism for the poor. latest example is mf global. the fix is in. http://dealbook.nytimes.com/2012/08/15/no-criminal-case-is-likely-in-loss-at-mf-global/
Zdreg, I agree, wholeheartedly. Our economy isn't capitalist, but crony capitalist or fascist. And our capital markets are being quickly eroded by HFT'ing, order flashing, quote stuffing, flash crashes, MFG, PFG etc. The whole idea of busting trades, like the Knight fiasco and the flash crash, give me a break. Big money houses own the system, control the regulators, and pull strings at the exchanges to screw the market to keep a corrupt system intact. Maybe it was always this way? I'm not much of a history buff, so I don't know. But from my very limited experience, seems what's going on Wallstreet/SEC/CFTC is really just a microcosm of the broader "regulatory capture" our Government happily invited. The entire Government is corrupt from the top down and the American people are even more corrupt. Fat, lazy, dumb, entitlement cry-baby sacks of shit who like bombing brown people, and have zero interest in the truth, knowledge, the world, or doing anything about it. The more I learn, the more I learn how really screwed America and the West is. Pure jokes. PS - that Corzine and his crew get a pass...ya. Scary, scary shit. Evil in high places. The Bible is right.
1. No you don't know that his "crew" got a pass. Just your stupid emotions think so (with show you to be a poor trader). With Romney coming into the white house, it will be proven he is not guilty if the new DoJ says so. It is just as probable that he is a man in a shitty situation. 2. Blaming "big money" for your bad record doesn't work. You have no thesis for why other firms might be causing problems for you -you just like to pass on hear say. 3. Oh your not an american? Well what are you crying about go back to france or china dick pot!
I'd call up Rossetta Stone and demand your money back. "Dick Pot" is no more an epithet than fried chicken cartwheels or monkey-backed spam. Makes no fucking sense, Corky. And you might wanna think twice before you defend a guy who'd have to sign off on transferring 1.4 Billion out of segregated accounts. There's a sucker born everyday. Apparently, you're one of 'em (notice I wrote "you're" not "your"). Now, run along bitch.
This is rich, don't see any TA traders here: <iframe width="560" height="315" src="http://www.youtube.com/embed/ahdfA_DJ-0A" frameborder="0" allowfullscreen></iframe>
I'm a somewhat new English speaker, so sorry for my grammar short comings. Usually I remember you're, I don't like it either when people miss it. I picked dick pot because I didn't want to be overly offensive, so I picked something dumb/random/funny. corzine didn't sign off on the billions, that is a new rule made after pfg and mf global. I'm not saying he's not guilty, just trying to point out to the other loser on this thread that he needs to stop blaming others for his poor trading -trading that seems to show.