Recent comments by Mike in Long Island

Well, minus that insignificant part lost to the friction of FIRE.

We all know money is the magical lubricant that lets the gears of commerce spin round and round. Without it all productive ventures would slowly grind to a halt and we would sit around and chat all day on anonymous internet blogs.

so's mine. Sad But I never had a tower (I was a teenager when last active), just a wire antenna strung between two trees.

That's what my grandfather had. When he passed on we responded to an ad in the paper from a guy looking for ham radio equipment. Not knowing what he had I'm sure we gave it away. Lot's of tube stuff, old military surplus and Halicrafter's (sp?) stuff.

I may have asked before: Have you run across these guys? About Us - McKay Brothers

Don't know any of them or their company. There are lot's of players in that space. I'm not really involved on the tech side other than knowing what's going on from a market structure perspective.

People with TV antennas are NOT happy when it rains.

Add HFT's relying on microwave signals from NY - Chicago to that list...

Aero is (according to what I read yesterday) getting around copyright issues by having a single antenna per subscriber, allowing subscribers to effectively rent an antenna from them. If you have more that one subscriber per antenna then that argument no longer holds...

Do they say it's the same antenna? Similar to having a zipcar membership. It doesn't guarantee you the same car every time but just "a car".

I would expect that the subscription = 1 antenna is per use so you could dynamically assign an antenna based on the best use at that time.

To receive those frequencies on an antenna the size of your thumbnail wouldn't be very efficient.

What if you connected them in series? Wouldn't that effectively lengthen the antenna? For that matter how do the various indoor antennae's work like the Mohu Leaf which by all accounts is an excellent antenna that rivals larger outdoor antennae's?

HDTV Antenna - The Leaf Ultimate High-Definition Antenna | Mohu - Mohu

But if rebroadcasting is ruled illegal, what impact might that have on things like surveillance cameras, or NSA snooping?

Easy fix.
Rebroadcasting for non-commercial purposes = ok.
Rebroadcasting for commercial purposes = not ok.

If anyone sees dryfly he might be interested in this.

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Cinco-X Select ratingCancel ratingIgnoredOkayGoodGreatCancel ratingIgnoredOkayGoodGreat wrote:

FWIW, McDonald's was in existence for 20 years or more before the obesity epidemic in the US took off, and while they were no doubt an contributor, I think it's mistaken to blame them or even those like them for it...

To the extent they inovated by offering consumers extra "value" through things like super-sizing meals they arguably are a contributor. I also think it would be a mistake to assume that the food they serve has not changed in terms of nutrion over time. HFCS replacing cane sugar, etc.

energyecon wrote:

And how is Bringer this morning?

They can eat you out of house and home...

Ralph, World's Largest Bunny Rabbit, Weighs 55 Pounds And Eats $90 Of Food A Week (PHOTO)

This gigantic rabbit is just a hare under 55 pounds.

Ralph, a 4-year-old Continental Giant from the United Kingdom, reclaimed the Guinness World Record for the largest rabbit -- a title he took from a bunny that outweighed him in 2010, according to Fairfax News.

The bodacious bunny binges on about $90 worth of food a week. Each insane daily meal includes cabbage, broccoli, corn on the cob, half a cucumber, a carrot, sweetcorn, two slices of brown bread, two apples, half a bag of watercress and crackers.

Former Idealist wrote:

You have to be nuts to send your money to Boston or New York. anyway.

It's actually more likely that your order was sold by your brokerage firm to a large aggregator who also trades as a principal. A large portion of retail order flow is internalized by various broker dealers with the order never going to an exchange but instead simply printing to a trade reporting facility or matching on an alternative trading system.

Somewhere on your brokers website they will have a Rule 606 disclosure. It is supposed to show where the broker routes their customer order flow.

Here's TD Ameritrades - PDF link

https://www.tdameritrade.com/retail-en_us/resources/pdf/AMTD2055.pdf

For securities listed on the NYSE see what percentage of orders are sent there for execution.

JP wrote:

For all the anti-tax talk, it's likely that the financial institutions are issuing their bonuses so that it's subject to (a roughly 50%) income tax, despite having all the financial structuring resources that they sell.

It's basically saying: Here's a bigass bonus, but we're gonna issue it in a way that the gov't takes the maximum chunk to delay the day you can leave us and retire.

Or they pay bonuses with restricted stock that vests over a number of years.

That part is on him. When I see things like this, though, I think of the pension fund that bought a bad CDO because they thought it was a muni based on the name, or some of the horrific terms embedded in credit card offers, or the subprime mortgages that had big rate resets at 24 months and a stiff prepayment penalty up to 36 months.

From the bold text on the cover page of the TVIX prospectus - they aren't exactly "hiding" it like the fine print on a credit card offer...

The ETNs, and in particular the 2x Long ETNs, are intended to be trading tools for sophisticated investors to manage daily trading risks.
They are designed to achieve their stated investment objectives on a daily basis, but their performance over longer periods of time can differ
significantly from their stated daily objectives. The ETNs are riskier than securities that have intermediate or long-term investment
objectives, and may not be suitable for investors who plan to hold them for longer than one day.
Accordingly, the ETNs should be purchased
only by knowledgeable investors who understand the potential consequences of investing in volatility indices and of seeking inverse or
leveraged investment results, as applicable. Investors should actively and frequently monitor their investments in the ETNs, even intra-day.
As explained in “Risk Factors” in this pricing supplement, because of the way in which the underlying Indices are calculated, the amount
payable at maturity or upon redemption or acceleration is likely to be less than the initial principal amount of the ETNs, and you are likely
to lose part or all of your initial investment. In almost any potential scenario the Closing Indicative Value (as defined below) of your ETNs is
likely to be close to zero after 20 years
and we do not intend or expect any investor to hold the ETNs from inception to maturity.

I recall having to explain to a few people here back in the day that SRS had nothing to do with residential real estate. Of course, since none of us at the time were aware of Maiden Lane and the rest of the Fed buy outs, reading the prospectus didn't help much anyway.

We should take the Fed to arbitration for the loses incurred in SRS/SKF due to their market interference.

The clear takeaway here is trust, as in no one should have it. You should assume you are getting screwed in every transaction.

His investment advisor told him not to invest in it - instead he took a $56,000 flyer on some info he gleaned from a Yahoo message board. So yeah - this reinforces the "everyone is out to screw me in the stock market" meme...

FTA:

While Steckbeck said a supervisor at Clermont Wealth Strategies advised him against investing in TVIX in February 2012, he bought 4,000 shares the next month from his self-managed brokerage account. The adviser, whom Steckbeck declined to name, didn’t say that the price had become unmoored from the index it was supposed to track.

“Engineers -- we’re not dumb,” said Steckbeck, who founded his own consulting company in 1990. “

We’re good with math, good with numbers. We read and understand stuff fairly quickly, but we also have our jobs to perform. We can’t sit there and read prospectuses all day.”

Show of hands - how many guys here read the instruction manual?

Ok - next question - how many guys here that are engineers read the instruction manual?

How a 56-Year-Old Engineer’s $45,000 Loss Spurred SEC Probe - Bloomberg

I'm having a hard time feeling any sympathy for this guy - he invested in something he didn't understand and lost money.

Jeff Steckbeck didn’t read the prospectus. He didn’t realize the price was inflated. He didn’t even know the security he read about online was something other than an exchange-traded fund.

The 56-year-old civil engineer ultimately lost $45,000 on the wrong end of a volatility bet, or about 80 percent of his investment, after a Credit Suisse Group AG (CSGN) note known as TVIX crashed a week after he bought it in March 2012 and never recovered.

My furnace just kicked on.
22 by morning.
My Head Just Exploded

Was in Wuhstah today for a school visit - 27 and snow on the ground. Scraping ice off the window leaving lawn guyland this morning at 5am was no fun either.

News of a bizarre tragedy is emerging out of Los Angeles today, with TMZ, CNN and other media outlets reporting that a rapper named Andre Johnson of Northstar cut off his penis and jumped off a building, and survived.

That'll leave a mark.

Perhaps the last great arbitrage.

Profit while you can.

EXCLUSIVE: Free 'NYC' condoms are being smuggled into the Dominican Republic and sold illegally for cash - NY Daily News

EXCLUSIVE: Free 'NYC' condoms are being smuggled into the Dominican Republic and sold illegally for cash
The taxpayer-funded condoms, distributed for free across the five boroughs under a city Health Department program since 2007, are popping up in stores in the Caribbean country at cheaper prices than other condom brands. Health Department officials acknowledged they’ve caught some businesses shipping the free condoms out of the country

Read more: Page Not Found

Rob Dawg Select ratingCancel ratingIgnoredOkayGoodGreatCancel ratingIgnoredOkayGoodGreat wrote:

It just hasn't been the same since the Hanson Brothers were banned for life.

Reggie Dunlop: What are you guys doing?

Steve Hanson: Puttin' on the foil!

Jeff Hanson: Every game!

Jack Hanson: Yeah, you want some?

ResistanceIsFeudal wrote:

"I can drink MOAR next time and still live to tell about it."

The drunker i iz the more invincible iz i.

dilbert dogbert Select ratingCancel ratingIgnoredOkayGoodGreatCancel ratingIgnoredOkayGoodGreat wrote:

Wow! A Girrrrrl fighting for drunk while driving equality!! You Go Girrrl!!!

imgur: the simple image sharer

Outsider wrote:

I think I figured it out. You're Emmanuel's manager.

Rahming speed! Set a course for the Windy City!

Outsider Select ratingCancel ratingIgnoredOkayGoodGreatCancel ratingIgnoredOkayGoodGreat   wrote:

Short lived. We laugh at snow now. Ha.

Laughter as a coping mechanism works well. Somehow in the midst of the Fed and QE1 belly laughs, snorts and chuckles didn't help deal with the SRS/SKF positions...

Outsider wrote:

Weds. pm: 24F

They mentioned chance of snow for part of the region. Bleh.

Outsider wrote:

75F, 37% humidity, partly cloudy, nice breeze...
Winter who?

Wait until Wednesday.

curious wrote:

National Reporting
Jon Hilsenrath of The Wall Street Journal
For his exploration of the Federal Reserve, a powerful but little understood national institution.
Hmmm.....

He didn't win.

JP wrote:

It will be an interesting day once the masses learn about the existence and purpose of the PBGC

It's to allow corporations to maximize their potential by unburdening themselves of antiquated obligations?

shill wrote:

That VIX is certainly giving us more indication of more downside...

Shorter trading week - expiration on futures is tomorrow not Wed.

Whiskey Select ratingCancel ratingIgnoredOkayGoodGreatCancel ratingIgnoredOkayGoodGreat wrote:

Will someone free us from bondage!

Free thyself slave from these covenants!

First I heard of this.

Treasury targets Americans for their parents' old debts |
kvue.com Austin

A change in the 2008 Farm Bill now makes it possible for the government to go after old debts by seizing tax refunds - from the children of those debtors. And since Mary's mother passed away, the government is now going after Mary who was a child at the time the mistake was made.
"You take my money and don't notify me, that's not fair to me," said Grice.

Jackdawracy wrote:

Greetings from the 3rd rock emanating from the sun, earthlings.

Some Dooooooooooooooom!!! to go with your Lets take a coffee break

Ebola Outbreak Empties Hotels as West Africa Borders Closed - Bloomberg

sm_landlord wrote:

Isn't it a tradition that Volkswagons must leak oil?

The 2007 audi eats about 1 qt per 4000 miles. It doesn't leak anywhere - the turbo just disappears it somehow.

sporkfed wrote:

The only nice trailer parks I have ever seen were in South Florida. Curbed streets, street lights,
Maintenance fee for landscaping. Every where else was a tin slum.

FTA it sounds like they target the neglected one's to buy them on the cheap, fix them up and focus on minimizing vacancies.

FTA linked above

The beauty of a trailer park -- for its owner, anyway -- is that once a tenant trucks a home to a site, then lowers it onto a pad, as it’s known in

the business, and hooks up to the electricity and septic systems, he’s unlikely to leave. It costs at least $5,000 to move a home, a sum that trailer dwellers rarely accumulate more than once, Rolfe says.

We’re like a Waffle House where everyone is chained to the booths.”

Pigged

ResistanceIsFeudal wrote:

Rome's been burning for a long, long time. How's yer house prices and stock portfolio returns lookin'?

Got double-wides?

Goldman Alum Gives Up Funds to Become Trailer-Park Mogul - Bloomberg

Weissman, a University of Michigan economics graduate, attributes his newfound calm to the supply-demand equation in the trailer park industry. With more of the U.S. middle class sliding into poverty and many towns banning new trailer parks, enterprising owners are getting rich renting the concrete pads and surrounding dirt on which residents park their homes.

“The greatest part of the business is that we go to sleep at night not ever worrying about demand for our product,” Weissman, 34, says. “It’s the best decision I’ve ever made.”

Not in my neck of the woods. Still bouncing along the bottom after the storm caused lots of folks to rethink living near the coast apparently.

ResistanceIsFeudal wrote:

Rome's been burning for a long, long time. How's yer house prices and stock portfolio returns lookin'?

Got double-wides?

Goldman Alum Gives Up Funds to Become Trailer-Park Mogul - Bloomberg

Weissman, a University of Michigan economics graduate, attributes his newfound calm to the supply-demand equation in the trailer park industry. With more of the U.S. middle class sliding into poverty and many towns banning new trailer parks, enterprising owners are getting rich renting the concrete pads and surrounding dirt on which residents park their homes.

“The greatest part of the business is that we go to sleep at night not ever worrying about demand for our product,” Weissman, 34, says. “It’s the best decision I’ve ever made.”

KidPsych wrote:

Personally I am more afraid of drivers who are DWD - driving while distracted with their phone or whatever. I perceive them as a much greater threat to my safety than someone with a gun.

From your FASTSTATS link

Motor vehicle traffic—In 2010, motor vehicle traffic-related injuries resulted in 33,687 deaths, accounting for 18.6% of all injury deaths (Table 18). The age-adjusted death rate for these injuries decreased 3.6% from 11.1 per 100,000 standard population in 2009 to 10.7 in 2010.

Firearm—In 2010, 31,672 persons died from firearm injuries in the United States **(Tables 18 and 19), accounting for 17.5% of all injury deaths in that year. **The two major component causes of all firearm injury deaths in 2010 were suicide (61.2%) and homicide (35.0%). The age-adjusted death rate from firearm injuries (all intents) was 10.1 in 2010, unchanged from the rate in 2009 (see Internet Tables I–1 and I–2, available from NCHS - 404 Error - Resource Not Available tables.pdf). The age-adjusted death rate for firearm suicide increased 3.4% in 2010 from 2009, whereas the death rate for firearm homicide decreased 5.3%.
Fall—In 2010, 26,852 persons died as the result of falls, 14.9% of all injury deaths (Table 18). The overwhelming majority of fall-related deaths (96.9%) were unintentional. In 2010, the age-adjusted death rate for falls increased 2.5% from 2009.

sum luk wrote:

…well said

Personally I am more afraid of drivers who are DWD - driving while distracted with their phone or whatever. I perceive them as a much greater threat to my safety than someone with a gun.

sm landlord - did you see my response to you upthread - check out the link

Product Listings

Interestingly, members of military households were no more likely to correctly locate Ukraine (16.1 percent correct) than members of non-military households (16 percent correct), but self-identified independents (29 percent correct) outperformed both Democrats (14 percent correct) and Republicans (15 percent correct).

It's why the Red Team Blue Team fight ! fight ! fight ! schtick works so well.

I'm looking for a decent broker that will let me trade on the LSE. TDAM sez: sorry, dude.
The only account I have that will do it is E*Trade, and I hate dealing with them.

I think Interactive Brokers will let you trade pretty much anywhere - subject to any restrictions imposed by the country in question.

I think the UK markets levy a pretty hefty stamp tax on stock trades - you might want to look into that along with what you will get hit for forex conversion.

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BarleyReturns Select ratingCancel ratingIgnoredOkayGoodGreatCancel ratingIgnoredOkayGoodGreat wrote:

ZIRP + Negative bank deposit interest + 75% drop in the S&P + ?

That would leave a mark.

Let me know when to pile into the triple short ETF's please.

It used to be shoe salespersons made commissions. we need a dinosaur icon.

Now it's the augmentation salesperson who makes commissions.

Donohue: Racy subway ads for breast augmentation shock riders, confuse kids - NY Daily News

The advertisements — posted in 1,000 subway cars and 50 stations — are for breast augmentation surgery, and leave little to the imagination as to what $3,800 can buy.
The ads are almost entirely comprised of a very revealing close-up photo of a woman busting out of a skimpy outfit. If she was a customer, she didn’t go in for a minor tweak around the margins. She went in for the Louisiana Purchase package and it is nearly all on display.

Read more: Page Not Found

I've been waiting for a counter
since as I've said I worked with him on a few deals
and his Liar's Poker was 90% horseshit....
...

There's quite a few things over at that site worth reading through for anyone with a desire to understand the market structure changes brought about by the SEC via Reg ATS and Reg NMS.

Take the Time to Understand the Complexities of the Markets :: TabbFORUM - Where Capital Markets Speak