I've been studying the market since 96.

doesn't make me an expert, but I can guarantee you that warren buffet

back around that timeframe mentioned that derivatives were going to

destroy the market.

he's made money on them since I guess so you don't hear that no more,

but he was 100% right.

With a stock or an option you end up with a share of a company, even if

it is worthless.

Ask the people who say the government isn't telling the truth to show

you what you would end up with if the deal went bad on you.

On 4/28/2010 6:46 PM, Michael Madigan wrote:

> They claim, however, that the Government isn't telling the truth.

>

> What a disgusting show by the Democrats dropping the S bomb over and over again.

>

> CBS was fined 250k for showing Janet Jackson's nipple, but nobody gets fined for saying "sh*t" over and over again in Congress?

>

>

>

> --- On Wed, 4/28/10, Virgil Bierschwale<vbiersch@ktc.com> wrote:

>

>

>> From: Virgil Bierschwale<vbiersch@ktc.com>

>> Subject: Re: *** SPAM ***[OT] Chinese accused of vast trade in organs

>> To: "ProFox Email List"<profox@leafe.com>

>> Date: Wednesday, April 28, 2010, 2:24 PM

>> I realized that yesterday watching

>> goldman sachs on cnbc.

>>

>> they have absolutely zero realization of what they are

>> doing.

>> no remorse, nothing

>>

>> for those of you not familiar with the stock market.

>>

>> if you buy or sell a stock, you actually own something

>> tangible

>> if you buy an option, somebody owning that stock has to

>> agree to

>> transfer that stock to you if you exercise your option.

>> if you sell an option to somebody, you must own that stock

>> and you agree

>> to transfer it to the buyer if they exercise their option.

>>

>> now derivatives.

>> you own NOTHING

>>

>> On 4/28/2010 1:00 PM, Michael Madigan wrote:

>>

>>> It seems that basic ethics and morals have not been

>>>

>> taught for at least a generation, so anything can happen

>> now.

>>

>>> --- On Wed, 4/28/10, Virgil Bierschwale<vbiersch@ktc.com>

>>>

>> wrote:

>>

>>>

>>>

>>>> From: Virgil Bierschwale<vbiersch@ktc.com>

>>>> Subject: Re: *** SPAM ***[OT] Chinese accused of

>>>>

>> vast trade in organs

>>

>>>> To: "ProFox Email List"<profox@leafe.com>

>>>> Date: Wednesday, April 28, 2010, 11:25 AM

>>>> That's part of why I do my website as

>>>> I too ha?e concerns about where we are headed

>>>> Sent from my BlackBerry