Hedge funds dodge taxes on loans using foreign sister funds.
Removal of uptick rule increases volatility.
Small investors get nailed making arcane trades.
Options trading by small investors was up 46% yoy in July at OptionsXpress
Margin interest was up 20% at same firm.
Is anything new under the sun?
Does anyone ever pay in cash anymore? [except me}
Does anyone ever just buy a stock to hold awhile any more? [except me]
Jesse Livermore: "The big money is made in holding stocks for the big move" [paraphrased]
WMT misses EPS big, says low income people under pressure.
Hello Ben! Are you listening? Or on vacation in Nantucket with the other ivy leaguers?
PS: Bring back the uptick rule! Apply it to ETFs! Keep stock investing ... as stock investing. Get rid of this creep to commodity style trading in stocks. Yes, I an a proud anachronist. The old ways were better.
PPS: Bought some S&P Sept. eminis for a TRADE on a potential W bottom. If the pattern breaks, I'm gone. Otherwise will hold awhile. In around 1439 for Sept contract.
P^3S: I took the small loss near the cash close. I don't like the cash close under 1430. The W pattern is now suspect since the cash close was under the first leg close.