"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, August 27, 2009

Back to School

Shiller at Yale
(free Open Lecture on video)
see: Econ252

Monday, August 17, 2009

Up against "The Wall"

"...the future will be for nimble minds."
see: reform

Friday, August 14, 2009

How to Lose Money

A Foreign Currency Story
see: Dejavu again, and again...
see also: How to get over it!

Shameful Hussy loses her Integrity

"...their computers can essentially bully slower investors into giving up profits — and then disappear before anyone even knows they were there."
see: milliseconds

Monday, August 3, 2009

FLASH: A step backwards in trading?

"(Flash orders) electronically recreate the crappy aspects
of the old floor system."

see: privilege

Monk of the Month

Your comments,
tips and prognostications.

(Click on image to discover parable)
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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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