The Determined Trader

Sunday, August 24, 2008

http://www.msnbc.msn.com/id/26011264/

Obama, McCain, and the Stock Market

Thursday, August 14, 2008

The real winner at the Olympics is ... Armenia

http://africa.reuters.com/odd/news/usnSP340714.html


Thu 14 Aug 2008, 8:40 GMT
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BEIJING (Reuters) - With a population of 1.3 billion some might argue that China should be leading the medal tally at the Olympics but the real winner is ... Armenia.

The Los Angeles Times has compiled a tongue-in-cheek list of winning nations based on medals per capita and six days into the August 8-24 Games the former Soviet republic of Armenia, with population of nearly 3 million, leads with three bronze medals.

Georgia, with 4.6 million people, is in second place with two gold medals -- in men's judo and Greco-Roman wrestling -- and one bronze, while at home the nation is at loggerheads with Russia over the breakaway Georgian region of South Ossetia.

Australia, with a population of 20.5 million, is standing firmly in third place with 16 medals, including five gold medals, three of them won by rising star of the pool Stephanie Rice.

Switzerland, with 7.6 million people, won a cluster of cycling medals to ride into fourth place, with Roger Federer still in the hunt for the men's tennis title.

The alternative medal table by the Los Angeles Times had the Bahamas, with a population of 300,000, winning the medal count at both the Sydney Olympics in 2000 and the Athens Games in 2004.

Wednesday, August 13, 2008


One Third of New Owners Owe More Than House Is Worth

Monday, August 11, 2008

China to overtake US as largest manufacturer

http://www.ft.com/cms/s/0/2aa7a12e-6709-11dd-808f-0000779fd18c.html?nclick_check=1

Sunday, August 10, 2008

http://www.advancedtrading.com/blog/archives/2008/06/nyse_says_good.html

'NYSE Says Good-Bye to Specialists, Hello, DMMs'

http://exchanges.nyse.com/archives/2008/08/hello_dmms.php

"[The NYSE] changed the actual fundamentals for the specialist role in the marketplace," says Miranda Mizen, senior consultant at TABB Group. "It's a welcome move to provide proactive liquditiy, whether it's in the form of dark or light liquidity." ...

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..."Now [the Designated Market Makers] will need to put [their] liquidity up, so that when an order comes in, it will match against liquidity that is already there, which makes for a more proactive environment," says TABB's Mizen ...

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"Right now the specialist has to yield to the public order flow coming in," explains the NYSE's Abrahall. Under the new plan, DMMs can trade competitively as dealers. Rather than the specialist having price-time priority, the DMM will have parity. That way everyone can get a piece of the execution, Abrahall adds. ...

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Still, there are plenty of skeptics who argue that these changes have taken the exchange too long to implement. Nonetheless, with the NYSE announcing so many innovatigve initiatives in such a short period of time to attract liquidity and overhaul its technology, it's certainly a market on the move. And while it's hard for a 216-year-old institution to turn itself around on the fly, this one is certainly trying.