"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

Sunday, November 4, 2012

Monk of the Month

Monk size news = BIG!

see comments for parable

Monday, October 1, 2012

Monday, September 24, 2012

Saturday, September 1, 2012

Monday, August 27, 2012

Sunday, June 17, 2012

Sunday, May 6, 2012

Sunday, April 1, 2012

Friday, March 2, 2012

Thursday, February 2, 2012

Monday, January 9, 2012

Sunday, January 1, 2012

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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