"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 30, 2014

Loonie Tunes

What is that song us crazy Canucks are playing?
Could it be a sad song?
see: 85 pennies (if we still used them)
 (Comments welcome.  See link below.)

Monday, January 13, 2014

The Darker Side of Advice


How to not feel guilty about about buying lattes.
A realistic look at savings.
see: Pound Foolish
(Comments welcome.  See link below.)

Saturday, January 4, 2014

Pondering the Crypto Lifeboat

A restatement of confidence; a dire warning.
see: Bill Still
see: History of Bankruptcy Law
(Comments welcome.  See link below.)

TED Talks for Dummies

Pushing the boundaries of the boundaries, this talk is unique in that it not only forces a critical look at an intellectual process, it makes us want to ask uncomfortable questions about the design of things. 
see: "Raising the level of general understanding"
 (Comments welcome.  See link below.)
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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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