Stocks and Trading Thread - Channeling your inner Mono

[DGuller]

Must be nice to be the guy who can move the market with every fart he makes.  No wonder he holds efficient market theory in contempt.

[MadImmortalMan]

So Deutsche Bank offers me a free depot where I can use a savings plan that would allow me to buy ETFs. I noticed that a few of the ETFs have no upfront cost and no management fee. How does Deutsche Bank even earn money on those?

I would assume on the difference between the bid and offer prices.

BAC up another 8% today.  The Sage of Omaha has taken a position.  Window of opportunity: closed.

It sagged back down again all day. I don't know if it can hold the Buffett Bounce.

I opened a straddle option trade on the XLF going into the weekend's Fed/ECB hoedown. I figure the banks will go somewhere. Staying flat is the least probable outcome.

[MadImmortalMan]

Jobs resigns. Apple stockholders will FREAK THE FUCK OUT.

Wow. Not lookin good.

[Ed Anger]

Must be recess at Dachau in that pic.

[MadImmortalMan]

S&P bouncing around at 1200. I'm buying puts on it. I think when the 50day and 10day mv/avg converge in an hour and a half the machines will sell off. Teh speculation!!11

[Admiral Yi]

BAC up another 5 1/2 % today.

Just bought some BoA 10 year bonds paying 6.14 %.

[mongers]

Jobs resigns. Apple stockholders will FREAK THE FUCK OUT.

Wow. Not lookin good.

Damn, that's sad; he looks in a lot of pain. 

[MadImmortalMan]

Heads up: Ford workers have authorized a strike.

[Admiral Yi]

 

[MadImmortalMan]

SocGen says we're just like Japan.

[Admiral Yi]

The standard explanation for the Japanese lost decade is their banks never threw the wounded overboard.  They just kept lending into arrears because if they wrote off nonperforming loans it would have killed their capital asset ratios.  The US doesn't have that problem.

Anyway, what does Societe General know?  They're sitting on a trillion dollars worth of Greek bonds.

[Admiral Yi]

p.s. I hope your puts all blow up like the Hindenburg.

[ulmont]

The standard explanation for the Japanese lost decade is their banks never threw the wounded overboard.  They just kept lending into arrears because if they wrote off nonperforming loans it would have killed their capital asset ratios.  The US doesn't have that problem.

You sure about that, with respect to mortgages?

[Admiral Yi]

You sure about that, with respect to mortgages?

I'm sure that US banks aren't lending new money to deliquent mortgage holders to prevent them from defaulting.

[Caliga]

Picked up some JNK the other day.