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ExPatriatePen wrote:Freaking Incompetent Idiots... sorry I just had to vent.
http://www.cnbc.com/id/100968086
Late Thursday Nasdaq identified the problem as a "connectivity issue between an exchange participant and the SIP," or Securities Information Processor - essentially the system that receives all traffic on quotes and orders for stocks on the exchange.
This problem "led to degradation in the ability of the SIP to disseminate consolidated quotes and trades," Nasdaq said in a statement. "The cause of the issue has been identified and addressed."
ExPatriatePen wrote:ExPatriatePen wrote:Freaking Incompetent Idiots... sorry I just had to vent.
http://www.cnbc.com/id/100968086
http://www.huffingtonpost.com/2013/08/2 ... r=BusinessLate Thursday Nasdaq identified the problem as a "connectivity issue between an exchange participant and the SIP," or Securities Information Processor - essentially the system that receives all traffic on quotes and orders for stocks on the exchange.
This problem "led to degradation in the ability of the SIP to disseminate consolidated quotes and trades," Nasdaq said in a statement. "The cause of the issue has been identified and addressed."
NO EXCUSE for this. NONE.
I'm personally aware of the tools and technologies that are in use down there and I'm both Shocked and Appalled that it could have happened.
KennyTheKangaroo wrote:any thoughts on emerging market bonds?
columbia wrote:Some good - as usual - stay the course advice from Jack Bogle:
http://video.cnbc.com/gallery/?play=1&video=3000198866
While the perception of most investors is that increased access to information leads to superior results, there is a whole body of research showing that well-informed, professional investors -- specifically, actively managed mutual funds and hedge funds -- underperform investors who accept the fact that they don't possess value-relevant information, and thus accept market returns by investing in index funds and other passively managed vehicles. The evidence shows that investors in actively managed funds are net losers because of the high costs (expense ratios, trading costs, and for taxable accounts, taxes).
columbia wrote:Any of yinz using HSA's as a back door way to get more tax deferred investment space?
ExPatriatePen wrote:columbia wrote:Any of yinz using HSA's as a back door way to get more tax deferred investment space?
Remember, any unused amount is forfeited though.
King Sid the Great 87 wrote:Flex spending laws were just changed to allow roll over of $500 into the next year. It is up to your employer to decide if they want to do that or stick with the three month extension.
Fun fact I learned when changing companies: if you have been reimbursed for more than you put in year-to-date and you quit your job, you don't have to pay it back. The rest of the tax paying world must foot the bill on that one.
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