A quote from an interview with Bruce Greenwald: [more]
It's looking like most of the board posters here work for the Federal Government and are on furlough.
So, I keep looking for better LED lights, because I hate the mercury in CFLs. Yesterday I bought two different ones and the state of the art is definitely improving. [more]
The stock market trading day is largely an artifact of how stock exchanges functioned when all the trades were done in person by market makers and specialists. But as the major bourses have gone more and more to automating the matching of buyers and sellers, there is no great reason for this to continue. Likewise, the three day settling period for trades dates back to when the stock certificates were manually transported between brokerage houses and the "cage" where the clerks labored. [more]
The market is acting like the fiscal cliff fix is a done deal. Am I alone in wondering what trades the congress critters are making here? Or in wishing that they had to report in a 13F?