Sep 28 2008
Link to draft legislation text
Version hosted on my site in case the other one gets pulled
Be aware that this is not the final version of the bill.
On page 81…
SEC. 127. ACCELERATION OF EFFECTIVE DATE.
Section 203 of the Financial Services Regulatory Relief Act of 2006 (12 U.S.C. 461 note) is amended by striking ‘‘October 1, 2011’’ [...]
Sep 27 2008
Reuters
WASHINGTON (Reuters) - The U.S. House of Representatives on Saturday approved an agreement to end the three-decade ban on U.S. nuclear trade with India and the top U.S. senator was upbeat about passage in the Senate.
The agreement passed the House by a margin of 298-117 and the Democrats who control the Senate hope to bring [...]
Sep 26 2008
Why not?
Because it looks awful when it moves. RGB pixel psychedelics like crazy.
It also makes McCain look old. There’s a reason why you only see polticians wear solid color ties and it is a very well known fact that wearing a striped tie on TV is a bad idea. I don’t understand how the McCain [...]
Sep 25 2008
The market is too volatile and it is impossible to trade. I just can’t trade this. Attempting to trade this market would be worse than gambling. The best course of action is to sit on my hands in 100% cash and do nothing until the risk/reward ratio becomes very favorable. Sure, the economic situation is [...]
Sep 23 2008
I lasted exactly two months without Tribes 2.
I am so bored. I have nothing else to do.
How bout this: between blogging, stocks, and Tribes 2, I can only pick two? So I’m dropping stocks for now.
Sep 23 2008
Not what I wanted, but I’ll take it. I am back in 100% cash.
Sold 1 XLF Oct 30 put for $9.30. Had gotten it for $8.20.
Sold 2 IWM Oct 80 puts for $8.00. Had gotten one for $4.70 and the other for $5.70.
I am going to regret this. I hate taking profits because it is [...]
Sep 22 2008
I want to dump all of my puts and go back to 100% cash.
Limit order to sell 2 IWM Oct 80 puts for $9. Will require IWM to be under $71. Closed at $71.95.
Limit order to sell 1 XLF Oct 30 put for $10. Will require XLF to be under $20. Closed at $20.55.
I need [...]
Sep 21 2008
From Portfolio.com…
In just six short months (or long ones, depending on where you sit), the number of major investment banks on Wall Street has shrunk from five to two. Bear Stearns fell in March. And now, with Lehman Brothers in bankruptcy and Merrill Lynch in the arms of Bank of America, just Morgan Stanley and [...]
Sep 21 2008
I am pretty pissed about this $700 billion bailout. Many people have likened it to socialism, communism, or Marxism. I say it’s none of the above. We are freakin Fascists.
From Wikipedia…
Fascism is a totalitarian nationalist political ideology and mass movement that is concerned with notions of cultural decline or decadence, and which seeks to achieve [...]