"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


Tuesday, March 25, 2008

Gold/Silver ratio


A leading indicator? An entry signal? A set-up? Tricky stuff!
Make sure you're reading the ratio the right ways up/down, and
that you are in sync with your research. Some authors may differ.

see: What goes up..., or was it down?
see: charts

Monday, March 24, 2008

Coming Soon!

The author of this blog has discovered a stock and options picking service that seems interesting, and possibly useful. The addition of this service will be the first of a very selective number of services that this blog will promote. I encourage your feedback about commercial services generally, and when added, the value and merits of this particular service. No greed. No fear.
CL

Dwarf Tossing and the SEC



see: Really?

Thursday, March 20, 2008

The Human Factor


A quick read with some nice links.
What makes for a credit crash.
see: Chris Skinner

Wednesday, March 19, 2008

Monday, March 17, 2008

Monopoly With a Twist



"The US unknowingly has been playing
this game for the past 50 years,
and now
the winner of the game is the FED..."

see: The Money Game Revisited

Sunday, March 16, 2008

CRITICAL


JPMorgan to acquire Bear Stearns

see: New Zealand Herald (includes Reuters video)
see: Investor takes $1 Billion hit
see: Repricing Risk (video)
see: $2 a share?











MAIN SUB-PRIME LOSSES SO FAR
Citigroup: $18bn
Merrill Lynch: $14.1bn
UBS: $13.5bn
Morgan Stanley $9.4bn
HSBC: $3.4bn
Bear Stearns: $3.2bn
Deutsche Bank: $3.2bn
Bank of America: $3bn
Barclays: $2.6bn
Royal Bank of Scotland: $2.6bn
Freddie Mac: $2bn
JP Morgan Chase: $3.2bn
Credit Suisse: $1bn
Wachovia: $1.1bn
IKB: $2.6bn
Paribas: $197m
Source: Company reports
via BBC News

Euronext takes the Gold

"Trading of full and e-mini gold and silver futures and options on futures contracts will begin later this year on LIFFE CONNECT, NYSE Euronext's derivatives trading system, pending regulatory approvals."
see: That's Liffe

Tuesday, March 11, 2008

Fun Links about Financial Disaster


The glass is half empty, or we are totally fck'd!
Check out the videos.
see: BBC1
see: BBC2

Monday, March 10, 2008

Sunday, March 9, 2008

Cramer Confesses to Market Manipulation


Lest we forget what moves the markets. This video
has been removed from Youtube. An interesting
demonstration of how perceived truth is exploited
over reality, or, in the words of Cramer,
how "new truth develops a fiction".

see: The stuff it takes

$161 million retirement package?

"Punishing individual corporate executives with public floggings like this may be a politically satisfying ritual -- like an island tribe sacrificing a virgin to a grumbling volcano. But in the end, it won't answer the questions ... about corporate responsibility and economic stability."
see: Say on pay

Tuesday, March 4, 2008

Creating a New Futures Exchange

What banks find to do, while they are losing money elsewhere.
see: Four Seasons

Green Bubbles

Look for them after all of housing pops!
Stay in cash for the time being, says
Eric Janszen.
see: Alternative Energy Predictions

Monday, March 3, 2008

Forex Silly






Things have sure changed.


Poster reads, (with apologies to Mr. Rogers):
"You're special in your very own unique way.
In other words, we're all retarded."
You can bet your forex broker thinks so!








It
used to be that forex stop hunting was not admitted to.
It used to be that forex pretended to be a real marketplace.

Not only has the industry given up most of its "secrets",

now a new and exciting (?) opportunity seems to exist for traders
to get even.
This will appeal most to those traders who refuse
to acknowledge that OTC means off-exchange.
see: Why bother?

Product Development in the End Times



see: You gotta be kidding!

Saturday, March 1, 2008

Monk of the Month


Your comments,
tips and prognostications.

eXTReMe Tracker

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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