US credit downgraded

[Captain Crawfish]

I believe that stock markets need to be for investing not gambling. If someone is changing their position in less than a week is gambling. Add a 50% rate on capital gains from a change in less than a week, no loss write offs.*

so since you cant do it noone else can? cry me a river. if you want to make a profit and sit on it that your deal but short term traders dont always win either.

[Hobie]

Day traders are gambling?

95% of my trades are less than a week.

so since you cant do it noone else can? cry me a river. if you want to make a profit and sit on it that your deal but short term traders dont always win either.

How do you feel about HFT?

[Denny]

Hobie, you are addressing all the right issues and asking all the right questions, but it is too late. Spend the time figuring out how to sustain through all of this instead of how to fix the country because you are in the vast minority.

[Denny]

An S&P Rep was just on Cavuto's Show and said it usually takes 10-15 years to regain AAA.

John Chambers, Head of Sovereign Ratings for S&P just said at least 9 years on CNN (The Situation Room with Wolf Blitzer).

[slow99]

how do you feel about hft?

hft?

[Denny]

hft?

High Frequency Trading

[347Mike]

How do you feel about HFT?

High Frequency Trading? I am not sure I am following.

[Denny]

High Frequency Trading? I am not sure I am following.

Another manipulating factor by a few with a certain advantage over everyone else.

[347Mike]

Another manipulating factor by a few with a certain advantage over everyone else.

I guess I am still not following. How is it an advantage? Everyone has the ability to do so.. I am not arguing I am just asking for my own benefit...

[Denny]

I guess I am still not following. How is it an advantage? Everyone has the ability to do so.. I am not arguing I am just asking for my own benefit...

Because everybody doesn't. Watch the video on it from 60 Minutes.

[Hobie]

I don't have a real good grasp on it yet. It seems debated, but some have attributed the flash crash to it. I don't have the knowledge to form an educated opinion one way or the other.

Just for conversation's sake, assuming HFT could cause those sorts of things, I would feel "robbed" if I lost a healthy percentage due to someone elses manipulation, as my shares were sold off because of a stop-loss order, then moments later the lost value is restored to the stock, but obviously not to me.

Seems like a pretty big deal and it was barely a blip in the news when it happened.

[Hobie]

Because everybody doesn't. Watch the video on it from 60 Minutes.

I'll put that on my to-do list also, lol.

[Denny]

I don't have a real good grasp on it yet. It seems debated, but some have attributed the flash crash to it. I don't have the knowledge to form an educated opinion one way or the other.

Just for conversation's sake, assuming HFT could cause those sorts of things, I would feel "robbed" if I lost a healthy percentage due to someone elses manipulation as my shares were sold off due to a stop-loss order then moments later the lost value is restored.

Seems like a pretty big deal and it was barely a blip in the news when it happened.

No, you're exactly right. Hold on, guys. I'll go find that vid too.

[Hobie]

You beat my edit - I was trying to add some punctuation to make my post more clear, lol.

No, you're exactly right. Hold on, guys. I'll go find that vid too.

[Denny]

60 Minutes on CBS October 10th, 2010