"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 25, 2009

Did someone say "Dis"?

"...the revelations of Climategate may STILL be a further variant of a power elite promotion, but we are discounting that for the time being."
see: Wiki-Ganda
see: The National Post
see: Naomi Klein

Thursday, December 17, 2009

Thursday, December 10, 2009

"Moonlit Markets"


There will always be "unfair arrangements, instances of abusive trading or unfair structure"...
see: Expectations

Wednesday, December 2, 2009

Gold NOT a safe haven?



The Reformed Broker
see: The Daily Reckoning

Monk of the Month


Your comments,
tips and prognostications.

(Click on image to discover parable)
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

Blog Archive