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"THE MARKET... consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Alexander Elder


Saturday, November 7, 2009

Mr. Big and Small


"The high-frequency traders largely responsible for these developments now likely represent more than 50 percent of trading volume."
see: rules proposed
Posted by Charles Longfellow at 10:10 AM 0 comments

Thursday, November 5, 2009

Trading the market, or trading your broker...



"Who controls the controls?"
see: sponsored access
Posted by Charles Longfellow at 8:37 PM 0 comments

Tuesday, November 3, 2009

What is Money?


see: $
Posted by Charles Longfellow at 8:03 PM 0 comments

Video Watch


"Toxic assets leaking into the system..."
see video: Janet Tavakoli
(59 min)
Posted by Charles Longfellow at 7:45 PM 0 comments

Monday, November 2, 2009

T.A.R.P. $ Lost


"Shedding 10 billion dollars..."
see video: CIT
Posted by Charles Longfellow at 7:56 PM 0 comments

Monk of the Month


Your comments,
tips and prognostications.
 (Click on image to discover parable
Posted by Charles Longfellow at 5:18 PM 1 comments

Saturday, October 31, 2009

Bad Math


The ProShares Lawsuit
see: Sporty Shorts
see: Broken Shorts
see: Measured Shorts
Posted by Charles Longfellow at 11:18 PM 0 comments

Tuesday, October 27, 2009

Trading Away Your Privacy


At what cost?
see: Net neutrality
see: Eavesdropping on YOUR email and phone calls
see: Frontline: Spying on the Home Front
related: The Daily Bell
Posted by Charles Longfellow at 8:20 PM 0 comments

Tuesday, October 20, 2009

Deception Online


Your broker may be trading against you!
see: Fighting Back with Plug-Ins
see: part 2
Posted by Charles Longfellow at 10:41 PM 0 comments

Monday, October 19, 2009

bub,bub,bub...


Recommended Reading
(includes vid of writer)
see: Rolling Stone
Posted by Charles Longfellow at 7:00 PM 0 comments

Sunday, October 18, 2009

Black Monday, October 19th, 1987


Happy Anniversary
see: DJIA stats
see also: Panic Attacks
Posted by Charles Longfellow at 3:19 PM 0 comments

The Case for Deflation


"Ponzi Finance"
see: Hoisington
Posted by Charles Longfellow at 2:57 PM 0 comments

Saturday, October 17, 2009

Lest We Forget


Timeline, 2001-2008
see: NY Times Multimedia
Posted by Charles Longfellow at 11:25 AM 0 comments

Monday, October 5, 2009

Dollar Demise


9 Years
see: Robert Fisk
Posted by Charles Longfellow at 9:16 PM 1 comments
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Blog Archive

What is a Bucket Shop?

"Bucket Shop is a specifically defined term under the criminal law of many states in the United States which make it a crime to operate a bucket shop. [2] Typically the criminal law definition refers to an operation in which the customer is sold what is supposed to be a derivative interest in a security or commodity future, but there is no transaction made on any exchange. The transaction goes 'in the bucket' and is never executed. Without an actual underlying transaction, the customer is betting against the bucket shop operator, not participating in the market."
see: Wikipedia

The SEC believes that "internalization" is somehow different, and this affects ALL of your online trading, no matter what you are trading. Trades that are executed outside of the exchange, never reaching the main market, effectively hide data from technical analysis, and skew pricing.
see: Not a bucket?


"... internalization hurts retail customers and market quality"

see: EconPapers

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