"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, September 30, 2008

Sunday, September 28, 2008

Saturday, September 27, 2008

Tuesday, September 23, 2008

Misinformation = fraud

26 FBI cases
Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc and insurer American International Group Inc
see: Reuters
see: Euronews video

P.O.V. Ron Paul

CNN, MSNBC & Fox Business
see: TV News

Saturday, September 13, 2008

Nice Work if You Can Get It

"Bye-Bye" package worth $24 million for
two Fannie Mae Chief Executives

see: What color is your parachute?

Tuesday, September 9, 2008

Monday, September 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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