"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


Saturday, May 31, 2008

City goes bankrupt, blames its employee contracts


Vallejo, CA
see: blame game

Pay at the top

"CEOs of big U.S. companies averaged $10.8 million in total compensation in 2006, more than 364 times the pay of the average U.S. worker..."
see: maximum wage

Friday, May 30, 2008

Wednesday, May 28, 2008

Monday, May 26, 2008

Ignore at your own peril

"View From the Markets", The Financial Times
Roubini on Video:
part 1 of 3
part 2 of 3
part 3 of 3
(where not to invest)

Sunday, May 25, 2008

Tossing the Bear

How to keep the S&P500 Up?
"Standard & Poor's announced some changes to its S&P 500 Index (SPX) late yesterday. Beleaguered investment bank Bear Stearns (BSC), which is being acquired by J.P. Morgan Chase & Co. (JPM), is being ousted from the SPX."


see: Schaeffer's
see: Forbes
see: lest we forget

Sunday, May 11, 2008

Bank Troubles


"Unsafe and Unsound..."

see: ANB

Sunday, May 4, 2008

Listen Up!


A different way of looking at the markets.
hear: Soros

Thursday, May 1, 2008

Monk of the Month


Your comments,
tips and prognostications.
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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