"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

Thursday, January 1, 2009

Monk of the Month

Your comments,
tips and prognostications.

(Click on image to discover parable)

1 comment:

pupkinus said...

Hello Longfellow!

Pupkinus here :)
Long time no see, old friend :)

Happy new year and merry Christmas! Better late than never.

I am back blogging, you can check my latest post at pupkinus.blogspot.com

I hope your 2008 was much better than mine and hope we both have a nice 2009.

Best of luck in trading and surviving the crisis.

By the way, back to the topic of your post: my forecast for 2009: SP will hit 750 at one point this year. All EM will get hammered. That's all i know so far :)

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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