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$AMZN $654.47
I'm looking for a MT4 broker who's charts are on US central time. Anybody know of one?? TIA
Jeff
Hea Cat what do ya make of this?
Effective 90 days from its inception, the Dodd-Frank Act bans most retail OTC forex transactions. Section 742(c) of the Act states as follows:
“…A person [which includes companies] shall not offer to, or enter into with, a person that is not an eligible contract participant, any agreement, contract, or transaction in foreign currency except pursuant to a rule or regulation of a Federal regulatory agency allowing the agreement, contract, or transaction under such terms and conditions as the Federal regulatory agency shall prescribe…”
This provision will not come into effect, however, if the CFTC or another eligible federal body issues guidelines relating to the regulation of foreign currency within 90 days of its enactment. Registrants and the public are currently being encouraged by the CFTC to provide insight into how the Act should be enforced. See CFTC Rulemakings regarding OTC Derivatives located at the following website address, under Section XX – Foreign Currency (Retail Off Exchange). As this provision is potentially devastating to the forex industry, affected readers are encouraged to voice their opinions to the CFTC directly. To do so commentary should be forwarded to via email to:
Secretary@cftc.gov
Attn: David A. Stawick, Secretary
Commodity Futures Trading Commission
Three Lafayette Center
1155 21st Street, NW
Washington, DC 20581
Kind of like the unexpected drop in housing starts last week huh! Unexpected to who???
Don I would say "our government" and "corporate vampires" are one in the same.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aDxF1YfeViEc
Greece Considering Legal Action Against U.S. Banks for Crisis
May 16 (Bloomberg) -- Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said.
“I wouldn’t rule out that this may be a recourse,” Papandreou said, in response to questions about the role of U.S. banks in the crisis, in an interview on CNN’s “Fareed Zakaria GPS.” The program, scheduled for broadcast today, was taped on May 13. Neither Papandreou nor Zakaria mentioned any banks by name.
U.S. stocks fell and the euro slumped on concern that Europe wouldn’t be able to contain the debt crisis stemming from Greece. The Standard & Poor’s 500 Index declined 1.9 percent May 14, while the euro fell below $1.24 for the first time since November 2008.
Papandreou said the decision on whether to go after U.S. banks will be made after a Greek parliamentary investigation into the cause of the crisis.
“Greece will look into the past and see how things went,” Papandreou said. “There are similar investigations going on in other countries and in the United States. This is where I think, yes, the financial sector, I hear the words fraud and lack of transparency. So yes, yes, there is great responsibility here.”
Speculators
In the days leading up to the May 10 announcement of a loan package worth almost $1 trillion to halt the spread of Greece’s fiscal woes, European Union regulators were examining whether speculators manipulated the prices of bonds and equities and contributed to the crisis.
The Committee of European Securities Regulators said on May 7 it was investigating “exceptional volatility” in the markets and would work with other regulators, including the U.S. Securities and Exchange Commission, as part of a coordinated clampdown.
European Central Bank President Jean-Claude Trichet said May 6 that he was concerned about speculation in bond markets using credit default swaps. “By first buying the CDS and then trying to affect market sentiment by going short on the underlying bond, investors can make large profits,” he said.
Credit-default swaps are derivatives that pay the buyer face value if a borrower -- a country or a company -- defaults. In exchange, the swap seller gets the underlying securities or the cash equivalent. Traders in naked credit-default swaps buy insurance on bonds they don’t own.
In the CNN interview, Papandreou said many in the international community have engaged in “Greek bashing” and find it easy “to scapegoat Greece.” He said Greeks “are a hard-working people. We are a proud people.”
“We have made our mistakes,” Papandreou said. “We are living up to this responsibility. But at the same time, give us a chance. We’ll show you.”
To contact the reporter on this story: Timothy R. Homan in Washington at thoman1@bloomberg.net
OANDA showing E/U @ 1.2850's / 1.2860's
Euro rally time even if it is fake…
I've been playing the Sunday gaps on the EU but with the ecb manipulation I'm not sure I want to try it this week.
Jeff
I still say your arbitrarily putting all cops into one category. Cops contact citizens literally thousands of times a day with out kicking anyone’s ass. Then one of these videos comes out and all the sudden there all evil. I’ve personally had contact with cops all over the country (Granted not in Newark, NJ thank goodness.LOL) and with exception to one in a Detroit burb they were all pretty cool. Most of the contact was with motor carrier enforcement officers so that could have something to do with it as well. Guess I’m lucky that I live in a small town and all the cops I know are good guys and as far as I know aren’t running around beating poor people. I think they also realize that everyone has a cell phone cam now days and are sue happy looking for a payday. I just know it pisses me off when some jackass truck driver does something dumb and kills someone and that makes the rest of us drivers bad guys as well. People just assume were all out there running three log books, popin little white pills and banging lot lizards. I’m sure there are guys out there still doing that but by and large that’s not the case. I just think it’s the same with cops. We don’t hear much about cops or truckers until they screw up then it’s on. Just my .02
Jeff
I regret to inform you Andy and Barny were both shot and killed the first time they attempted to deal with a real criminal. Reel in the power cops have? Like what? Stopping persons suspected of armed robbery for investigative purposes? How about they fire jackasses like the ones shown in the video? Frankly I don’t know why anyone would want to be a cop nowadays. I mean when someone as smart as Cat sees a video like this and just assumes the other couple hundred thousand cops in the country act like the ones in this case the good ones don‘t have a chance. There’s no doubt that there are many cops like these that need fired but to group all of them into one category is typical now days I guess. Sorry for the off topic post.
Jeff
Rough week here as well. First couple days I did well and maybe got a bit bigheaded. Market was quick to show me who’s in charge. My own fault though, got a little impatient with my entry’s and didn’t follow money management as close as I should have but still in the game! Hope everyone has a great Easter!!
Jeff
I think they are just hearing the arguments on the case today and the ruling will come down at a later date. At least I think that’s how it works. I also noticed the IL AG didn’t sign onto Texas AG Greg Abbott’s brief to the Supreme Court. Good thing I may have had the “Big One” if I had read that.
Jeff
You make excellent points and obviously know much more about what’s going on here then I do. I seen the news link to Fox on another board and will be watching this one Tuesday for a possible play. I’m assuming with FBN picking up the story that’ll add some juice to it, that’s really the only point I was getting at. No disrespect intended and good DD on your part! GLTA!
Jeff
http://www.foxbusiness.com/story/markets/industries/health-care/buyout-works-nwci-awarded-key-patent/
Is Fox Business a better rumormonger??? Congrats to the longs here!
Jeff
CFTC at it again, note the bold print!
Release: 5772-10
For Release: January 13, 2010
CFTC Seeks Public Comment on Proposed Regulations Regarding Retail FOREX Transactions
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced the publication in the Federal Register of proposed regulations concerning off-exchange retail foreign currency transactions. The proposed rules follow the passage of the Food, Conservation, and Energy Act of 2008, Pub. L. No. 110-246, 122 Stat. 1651, 2189-2204 (2008), also known as the “Farm Bill,” which amended the Commodity Exchange Act in several significant ways. In particular, the Farm Bill:
• clarified the scope of the CFTC’s anti-fraud authority with respect to retail off-exchange foreign currency transactions;
• provided the CFTC with the authority to register entities wishing to serve as counterparties to retail forex transactions as well as those who solicit orders, exercise discretionary trading authority and operate pools with respect to retail off-exchange foreign currency transactions; and
• mandated minimum capital requirements for entities serving as counterparties to such transactions.
“These proposed rules for retail foreign exchange trading are important steps in implementing the additional consumer protections authorized in the 2008 Farm Bill,” CFTC Chairman Gary Gensler said. “The Commission looks forward to receiving and considering the public’s comments on this important issue.”
Pursuant to this authority, the Commission is proposing a comprehensive scheme that would put in place requirements for, among other things, registration, disclosure, recordkeeping, financial reporting, minimum capital, and other operational standards. Specifically, the proposed regulations would require the registration of counterparties offering retail foreign currency contracts as either futures commission merchants (FCMs) or retail foreign exchange dealers (RFEDs), a new category of registrant created by the Farm Bill. Persons who solicit orders, exercise discretionary trading authority and operate pools with respect to retail forex would also be required to register, either as introducing brokers, commodity trading advisors, commodity pool operators, or as associated persons of such entities. As was the case prior to the passage of the Farm Bill, “otherwise regulated” entities such as financial institutions and SEC-registered brokers or dealers remain able to serve as counterparties in such transactions under the oversight of their primary regulators.
The proposed regulations also include financial requirements designed to ensure the financial integrity of firms engaging in retail forex transactions and robust customer protections. For example, FCMs and RFEDs would be required to maintain net capital of $20 million plus 5% of the amount, if any, by which liabilities to retail forex customers exceed $10 million. Leverage in retail forex customer accounts would be subject to a 10-to-1 limitation. All retail forex counterparties and intermediaries would be required to distribute forex-specific risk disclosure statements to customers, and comply with comprehensive recordkeeping and reporting requirements.
Comments regarding the proposed regulations may be submitted by any of the means listed in the Federal Register release and should be received by the Commission within 60 days of the date of publication.
http://www.cftc.gov/newsroom/generalpressreleases/2010/pr5772-10.html
CFTC at it again, note the bold print!
Release: 5772-10
For Release: January 13, 2010
CFTC Seeks Public Comment on Proposed Regulations Regarding Retail FOREX Transactions
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced the publication in the Federal Register of proposed regulations concerning off-exchange retail foreign currency transactions. The proposed rules follow the passage of the Food, Conservation, and Energy Act of 2008, Pub. L. No. 110-246, 122 Stat. 1651, 2189-2204 (2008), also known as the “Farm Bill,” which amended the Commodity Exchange Act in several significant ways. In particular, the Farm Bill:
• clarified the scope of the CFTC’s anti-fraud authority with respect to retail off-exchange foreign currency transactions;
• provided the CFTC with the authority to register entities wishing to serve as counterparties to retail forex transactions as well as those who solicit orders, exercise discretionary trading authority and operate pools with respect to retail off-exchange foreign currency transactions; and
• mandated minimum capital requirements for entities serving as counterparties to such transactions.
“These proposed rules for retail foreign exchange trading are important steps in implementing the additional consumer protections authorized in the 2008 Farm Bill,” CFTC Chairman Gary Gensler said. “The Commission looks forward to receiving and considering the public’s comments on this important issue.”
Pursuant to this authority, the Commission is proposing a comprehensive scheme that would put in place requirements for, among other things, registration, disclosure, recordkeeping, financial reporting, minimum capital, and other operational standards. Specifically, the proposed regulations would require the registration of counterparties offering retail foreign currency contracts as either futures commission merchants (FCMs) or retail foreign exchange dealers (RFEDs), a new category of registrant created by the Farm Bill. Persons who solicit orders, exercise discretionary trading authority and operate pools with respect to retail forex would also be required to register, either as introducing brokers, commodity trading advisors, commodity pool operators, or as associated persons of such entities. As was the case prior to the passage of the Farm Bill, “otherwise regulated” entities such as financial institutions and SEC-registered brokers or dealers remain able to serve as counterparties in such transactions under the oversight of their primary regulators.
The proposed regulations also include financial requirements designed to ensure the financial integrity of firms engaging in retail forex transactions and robust customer protections. For example, FCMs and RFEDs would be required to maintain net capital of $20 million plus 5% of the amount, if any, by which liabilities to retail forex customers exceed $10 million. Leverage in retail forex customer accounts would be subject to a 10-to-1 limitation. All retail forex counterparties and intermediaries would be required to distribute forex-specific risk disclosure statements to customers, and comply with comprehensive recordkeeping and reporting requirements.
Comments regarding the proposed regulations may be submitted by any of the means listed in the Federal Register release and should be received by the Commission within 60 days of the date of publication.
http://www.cftc.gov/newsroom/generalpressreleases/2010/pr5772-10.html
EXACTLY, and been around for awhile but just lurk most of the time. Thanks for the welcome.
Jeff
WOW, you sir have an unhealthy hatred of this company and the guy that runs it. You probably have a good reason for it but someday you really need to consider getting on with your life! Oh and your opinions are probably correct so as a reminder to peeps, TRADE theses things DON’T get married to them. And yes I learned that lesson more then once the hard/expensive way…LOL
Jeff
Colorado State University Votes to Ban Guns on Campus
Friday, December 04, 2009
PrintShareThis
DENVER — Colorado State University will join most major colleges nationwide in forbidding concealed weapons on campus after a vote that pitted faculty asking for a ban against students demanding the right to carry guns.
The university's Board of Governors voted 7-0 Friday to require gun bans on its campuses in Fort Collins and Pueblo.
Guns are already off-limits at K-12 schools in Colorado, the University of Colorado and at virtually all campuses nationwide. But Colorado State University has followed state law that allows people to carry guns, even concealed weapons with the right permit.
Link to full story: http://www.foxnews.com/story/0,2933,579374,00.html
Story #2
Virginia Police Say College Student's Rifle Jammed After Trying to Shoot Professor
Thursday, December 10, 2009
PrintShareThis
WOODBRIDGE, Va. — Police say a Virginia community college student's rifle jammed after firing two shots at a professor in a classroom full of students.
Link to full story:
http://www.foxnews.com/story/0,2933,579871,00.html
It just burns my ass that even when I’m in a CC state I see signs on the doors and windows of places that to me say “TO ALL FRUITS, NUTS AND FLAKES! Please consider our establishment for your senseless attack on innocent people as we have done our best to see that they are defenseless”
The IRS is going to love you! LOL
Congrats!!!
From The Times
November 2, 2009
Britain needs ‘£350bn of tax rises and spending cuts’
http://business.timesonline.co.uk/tol/business/economics/article6898672.ece
Well at least they caught the guy.
http://www.suntimes.com/news/24-7/1779229,CST-NWS-escape19.article
Yep, and Scottrade will not let you buy it. Second time in less then a week I've tried to buy something and it's been on the flat out no buy list with them. Nice huh!
Jeff
(CNN) -- A man, who doused himself with gasoline and charged at an officer, burst into flames when he was hit with a Taser, police in Australia said Tuesday.
http://www.cnn.com/2009/WORLD/asiapcf/07/21/australia.taser.fire/index.html
Question for experienced options players.
If I am holding call or put options that are in the money is there ANY chance they would be exercised before expiry? The main point of this question is if the dollar value of the stock I control with the option is more then the amount of capital in said account is there a chance I would be put the stock before expiry? It’s also my understanding if I’m holding out of the money contracts on expiry they just go away and don’t cost me anything other then what I originally paid for them.
Anyone aware of any drawbacks to transferring ones's FXCM account over to UK jurisdiction?
Almost 40 posts on this board in the last 24 hours? Do you trade or just post on message boards?
Jeff
They said the people of Gary needed financial incentive to come forward.
WOW is about all I can come up with for this.
Jeff
From the main screen push the insert key, that will bring the box up to add multi tickers.
Jeff
From his posts I would say the "making it back" part is where he's having his problems. Oh well always nice to hear the doom and gloom from Tom on pretty well a daily basis.
Jeff
LFCM on bid, would think thats a good thing!!!
Lighthouse Financial Group, LLC is a New York based investment bank and institutional securities firm focused on providing products and services to institutional and private banking clientele.
More institutional buying!!
Jeff
http://www.reuters.com/article/bondsNews/idUSN1443189920090414
Can someone tell me if thats good or bad news for CEMJQ??
TIA
Jeff
Someone should tell Obama this is a perfect example of "Gun Control"
Jeff
Got this in an email and thought I would share!! Have a great long weekend everyone and Happy Easter!!!!
New Stock Market Terms
CEO - Chief Embezzlement Officer
CFO - Corporate Fraud Officer
BULL MARKET - A random market movement causing an investor to mistake himself for a financial genius
BEAR MARKET - a 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.
VALUE INVESTING - The art of buying low and selling lower.
P/E RATIO - The percentage of investors wetting their pants as the market keeps crashing.
BROKER - What my financial planner has made me.
STANDARD & POOR - Your life in a nutshell.
STOCK ANALYST - Idiot who just downgraded your stock.
STOCK SPLIT - When your ex-wife and her lawyer split your assets equally between themselves.
MARKET CORRECTION - The day after you buy stocks.
CASH FLOW - The movement your money makes as it disappears down the toilet.
YAHOO - What you yell after selling it to some poor sucker for $240 per share.
WINDOWS - What you jump out of when you're the sucker who bought Yahoo at $240 per share.
INSTITUTIONAL INVESTOR - Past year investor who's now locked up in a nuthouse.
PROFIT - an archaic word no longer in use.# # # # #
If you had purchased $1000 of shares in Delta Airlinesone year ago, you will have $49.00 today.
If you had purchased $1000 of shares in AIGone year ago, you will have $33.00 today.
If you had purchased $1000 of shares in Lehman Brothers one year ago, you will have $0.00 today.
But---- if you had purchased $1000 worth of beerone year ago, drank all the beer,then turned in the aluminum cans for recycling refund,you will have received $214.00.
Based on the above, the best current investment planis to drink heavily & recycle. It's called the 401-Keg.
He's still buying this and several others!!
http://ih.advfn.com/p.php?pid=nmona&cb=1239063319&article=37201451&symbol=N^CEGE
http://www.insider-monitor.com/trader/cik1399913.html
http://biz.yahoo.com/t/47/7504.html
Jeff
I wouldn't bet on that one!
Jeff
Can't forget The Goonies!!!!!!!!!!!
LOL Alf kicked A$$
Upgraded to the new beta version of QT but I’m not seeing the company name in the watermark on the chart, still just the ticker symbol. Have looked under chart preferences and everywhere else but I’m not seeing any options to add the full company name. I assume I’m overlooking it someplace can someone point me in the right direction?
Thanks
Jeff