"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


Friday, December 26, 2008

Saturday, December 13, 2008

Pyramid Scheme hits the Wealthy


Just another "ponzi", or the end of hedge funds?
see: losing your religion

Sunday, December 7, 2008

Red Alert for Gold! (?)

"... a tsunami wiping out the prosperity of the world."
see: Fekete
see: Kaminska

Tuesday, December 2, 2008

Monk of the Month

Your comments,
tips and prognostications.

(Click on image to discover parable)

Friday, November 28, 2008

How to buy GOLD!


"DIS" ALERT! Man says "bullshit" "DIS" ALERT!
see: Not ETFs see also: Central Fund of Canada

Thursday, November 27, 2008

Friday, November 21, 2008

Not Super no More?


US Intelligence Report: A shift of power
see: BBC video
see: CNNPolitics.com
see: Technorati

Wednesday, November 19, 2008

Worse to Come


How do you spell "Deflation"?
see: About.com:Economics
see also: Roubini





Friday, November 14, 2008

Hard work and investor insight


"they cling to the rules – or lack of them..."

see: Masters of the Universe

Saturday, November 8, 2008

Wednesday, November 5, 2008

Crisis of Confidence


"more guess work than people realize"
see: Robert Shiller

Monday, November 3, 2008

Saturday, November 1, 2008

Monk of the Month


Your comments,
tips and prognostications.

(Click on image to discover parable)

Monday, October 27, 2008

Bailout Protest

In case you missed it on the evening news,
(what?)
see: NYC see also: "Gone"

Sunday, October 26, 2008

Oil: Crude awakening


"We may even see giant kites pulling ships"
see: Canadian Business Online

Sunday, October 12, 2008

Saturday, October 11, 2008

Meltdown


see: Reuters
see: BBC
see: EuroNews

FXMarketSpace is toast


Transparency, who needs it? The death of an idea.
“Centralized counterparty clearing was not compelling..."

see: Securitiesindustry
see: April, 2008 NewSpace (PDF)



(formerly) Available in 32 countries, FXMarketSpace’s participating prime brokers and CME Clearing customers include(d) ABN Amro, American International Group, Bank of America, Barclays Capital, Calyon Financial, Citigroup, Credit Suisse, Deutsche Bank, JP Morgan Chase, Penson GHCO, Prudential Financial, Rand Financial Services, Royal Bank of Scotland and UBS.

FXMarketSpace
(attempted to provide)
Broad access – enabled by CME Group’s Globex®
API, over 100,000 Reuters FX desktops and a
growing list of Independent Software Vendors
Total transparency –where all prices are available
to all participants and five levels of market depth
are displayed
Trading anonymity – through a central counterparty
model that enables all customers to buy and sell
without having their name disclosed
Robust, scalable technology – that supports
minimum latency and maximum order throughput
Efficient settlement services – that minimise
settlement and replacement risk and reduce costs

Wednesday, October 8, 2008

A Fish Story


"When things get really bad, the big sharks start eating the small sharks and even turn on each other."
see: Shark Poop

Sunday, October 5, 2008

Depression?


"The eye of the storm, then as now, was in America."
see: TimesOnline
see: Bloomberg

Friday, October 3, 2008

Wine, Alpacas & Gold


"...a female of "medium quality" can fetch $10,000"
see: alternative investments

Wednesday, October 1, 2008

Monk of the Month


Your comments,
tips and prognostications.

(Click on image to discover parable)

Tuesday, September 30, 2008

Shiller on Housing


Could be worse than Great Depression
see: tech ticker video

Sunday, September 28, 2008

Saturday, September 27, 2008

Wednesday, September 24, 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

Wednesday, September 17, 2008

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 8, 2008

Thursday, September 4, 2008

Monday, September 1, 2008

Monk of the Month


Your comments,
tips and prognostications.


Tuesday, August 26, 2008

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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