50 Cent arrested driving his Murcielago in NYC

You really are an imbecile.

I took the time out of my day to point out to you how your attitude towards others was wrong and demeaning. A better and wiser man might have taken the opportunity to pause, reflect on my comments, and his own, and learn something, perhaps even grow and mature a bit in the process.

You, on the other hand, confirm my initial observations. You are a nothing but a fcuking idiot. I doubt anyone can teach you anything.

Have a nice, if spectacularly unremarkeable, life.

 

A dose of his own medicine?? He wrote one sentence in this entire thread that was offensive, and you write countless posts in this thread belittling him for going to a "third-rate" school? Please, at least he's going to college. I went to the best private grade school and high school in my area, and not once did my parents ever expect me to go to Harvard, Princeton, Yale, etc. I go to the University of Delaware, and you know what, i'm damn proud of the work I put in to get me here. Sorry, some of us just aren't ivy-league material like you were. That doesn't make you any better then us and it doesn't give you a right to put us down.

Oh and FYI, Harvard business school is not #1 in the country my friend, Wharton is. Sorry to burst your bubble.

 

The NYMEX is the reason the rest of the country is paying a ridiculously inflated price for oil, under the guise of liquidity and stability. The hedge funds have benefitted greatly from the run-up in crude this year. It's the same BS that Enron tried to create when they started trading in electricty.

"Oil Prices and Hedge Funds
With rumors being rife that hedge fund managers were responsible for the spike in the price of oil, there is widespread speculation if there is a proportional link between the trading activities in hedge funds and the crude oil and natural gas futures markets. Hedge funds, which are private investment pools that allow rich individual and institutional investors to trade in various assets, including commodity futures, have been seen to increase their trading of oil futures, according to data from the New York Mercantile Exchange on the trading volume of crude oil futures contracts and natural gas contracts. A futures contract is an agreement to buy or sell a commodity or financial instrument at some future time. Money CNN reports"


Failures and fed involvment;
shades of gray
http://www.123compute.net/skate/fundbailprint.html
http://www.timesonline.co.uk/article/0,,11069-2327720,00.html

How is this going?;
http://www.thestreet.com/newsanalysis/wallstreet/10298557.html

http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=google&guid=%7B0907307C-CC39-4AFA-9DB4-BB8AB43F015E%7D&keyword=


Just a lot of ultra rich making rules, markets, and bail-outs to suit their needs and fuel their greed. Lets see if the NY fed res. will have a meeting to help me out of a losing trade or if your boss will call me with inside info.

 

This is my point EXACTLY!!!!!

Read my posts, I was making that exact argument. Sh1theadUF was belittling cops for not going to college. I wasn't putting anyone down EXCEPT him.

AS I SAID IN MY FIRST POST, I have nothing but respect for people REGARDLESS of education or where they went to school. I don't believe that I am better than anyone because I went to a specific school, nor do I think you are a lesser person simply because you go to a lower ranked school or not attend college at all.

What I was doing is simply giving Sh1theadUF a TASTE OF HIS OWN MEDICINE to show him what it feels like to be on the other side of his attitude.

It sucks for people to have that attitude and it sucks to have that attitude shoved down your throat. I recognize this, you recognize this, and most of the other readers here recognize this. The only one who doesn't, based on his most recent response, is Sh1theadUF. Too bad.

 

Stick to your day job. You have absolutely no idea what you are talking about.


Start here, Einstein:

http://en.wikipedia.org/wiki/Supply_and_demand

 

There have also been numerous Supreme Court cases regarding when and under what circumstances an officer can place an individual under arrest. Do some research and I'm sure you'll find that in this case the arresting officers were acting within those guidelines. Again, if you don't like the law then petition your elected officials to have it changed.

As to your second point don't, for one minute, get on your high horse and try to lecture me about corrupt cops and/or question how I function as a police officer. You don't know me, you have never met me and for you to ASSUME that you know anything about me does nothing more than show your arrogance.

Now as for how I "function" at work and deal with corrupt cops, I'll tell you this. I have had occasion to encounter a few corrupt cops. While what these guys were doing pales in comparison other cases involving corruption, it was corrupt none the less. I did what I had to do, and suffered reprecussions for my honesty and actions related to those cases.

Again, please DO NOT question my honesty, integrty, or ability to do my job. You have not the first clue about either and to even elude to the fact I could be corrupt based on some hour long, unobjective television special shows that while you believe yourself to be a "free thinker" you are more of a slave to the media than you are willing to admit.

 

SPECULATORS
It is widely, yet inaccurately, theorized that speculators can drive prices up. Placing blame on speculators may grab the attention of the media, but does not accurately reflect the realities of how markets work. With hundreds of commercial participants and instantaneous price dissemination, any "speculative" price would be met with an equally strong "commercial" reaction. If markets move in a direction inconsistent with actual market factors, there is a vast number of participants including energy producers, wholesalers, retailers, and government agencies that have comparable access to information. These participants will respond to ensure that prices rapidly return to where the industry consensus believes they should be.

Speculators do exist and they actually play a valuable, even necessary role in the market. They add liquidity to the market and enable commercial traders to get in and out of the market when necessary. By the nature of their role, speculative traders seek to take advantage of price trends, but because they lack the real product to back up their investment, they cannot control the price. They create virtually no impact on daily settlement prices, the primary benchmark used by the marketplace.

The Exchange has been scrutinized in the past on the role of hedge fund
participation in causing market volatility. The effects of hurricane Katrina further emphasize the minimal impact hedge funds and speculators have on futures prices when compared to the real impacts of true market factors. hurricane Katrina is a natural disaster that severely disrupted the U.S. supply system and in effect drove prices higher. Hedge funds do not account for anywhere near enough volume to affect prices. According to a NYMEX study on the participation of hedge funds in the energy markets over a one year period beginning in January 2004, hedge funds only accounted for 4.6%
of overall futures volume. Of this total, the crude oil futures market had 3.07% hedge fund participation and, its products, heating oil and unleaded gasoline, had 3.62% and 3.26% hedge fund participation, respectively.

Even though as consumers we may not like the result, the NYMEX marketplace performed its responsibility to create open, competitive and transparent energy pricing. We can only imagine the market uncertainty and further devastation to consumers if NYMEX were unable to perform its duty and prices were determined behind closed doors.

Testimony of
Dr. James Newsome, President
New York Mercantile Exchange, Inc.
Committee on Energy and Commerce
United States House of Representatives
September 7, 2005

 

boy ur a bitter guy. u think most cops are crooked and lucky to have their jobs and the rich are in a conspiracy controlling the world economics to 'fuel their greed'.

 

LOL

Watch out for the UN and those black helicopters too....

 

PLEASE DEAL IN FACTS, not emotional outbursts;

"Levin-Coleman Report Finds Speculation Adding To Oil Prices: Put the Cop Back on the Beat




WASHINGTON – Senators Carl Levin (D-Mich.) and Norm Coleman (R-Minn.), Ranking Minority Member and Chairman of the Senate Permanent Subcommittee on Investigations, today released a Subcommittee staff report [PDF] finding that market speculation has contributed to rising oil and gasoline prices, and that too many energy trades are occurring without regulatory oversight. The report recommends that Congress enact legislation to close a major loophole in federal oversight of oil and gas traders, slipped into law in 2000 at the behest of Enron and other large energy traders.

“It’s time to put the cop back on the beat in our major energy markets,” Levin said. “Millions of Americans are suffering as the prices of oil, gasoline, diesel fuel, natural gas, and other vital energy commodities go through the roof. These record-high energy prices threaten our economic security. At the same time, our government is less and less able to monitor U.S. energy markets to figure out what’s going on and ensure that energy prices reflect supply and demand rather than market manipulation or excessive speculation. More and more trading is being conducted by large oil and gas traders on electronic markets where there is no oversight. It’s time to put the cop back on the beat in these markets to make sure that ordinary Americans aren’t being ripped off.”

“I am concerned at the prices that hardworking Americans are paying for energy and troubled by the implication that excessive market speculation or manipulation may be a contributing factor,” said Coleman. “The question is whether we have allowed this sector to play by the beat of their own drum – going virtually unchecked and unregulated. We need to take a hard look at whether we have enough regulatory tools to prevent fraud and ensure there isn’t profiteering by traders at the expense of you and me.”

In late April of this year, the price of crude oil on the New York Mercantile Exchange (NYMEX) hit a record of $75.17 per barrel. In mid-May, the average retail price for gasoline reached $2.99 per gallon, just a few cents short of the record set after Hurricane Katrina shut down oil and gasoline production along the Gulf Coast in September 2005.

Although these high prices are often attributed to the forces of supply and demand, the report demonstrates that supplies have been more than adequate to meet demand. Since late 2004, the amount of stored oil in the United States has been increasing. Oil inventories recently reached 347 million barrels – an eight-year high and the largest U.S. inventory since 1998, when oil was $15 per barrel. Similarly, oil inventories in Organisation for Economic Co-operation and Development (OECD) countries recently reached a 20-year high. As the report explains, the traditional factors of “supply and demand” do not tell the whole story on oil and gas prices.

What is new, according to the Levin-Coleman report, is that over the past few years market speculators have poured tens of billions of dollars into the energy commodity markets. For example, the International Monetary Fund reports that over the past three years approximately $100-$120 billion has been invested in energy markets worldwide. Over this same period about $60 billion has been invested in oil futures on the NYMEX"





I hope its an honest cop they put back on the beat lol

 

Is that all you have? The posturing by a politician pandering to his constituency from his soapbox? Boy, a politician grandstanding, who would've thunk it? You'll have to do better.

Crude oil is a global commodity. It is traded on exchanges and OTC all over the world, not just on the NYMEX, by a staggering number of participants. The market is no more likely to be manipulated by speculators than you are to become recipient of the next Nobel Prize in Economics, nor can it be regulated by one government agency acting unilaterally.

Why don't you do a study of refining capacity in the industry? Or take a look at the percentage of excess crude inventory that is sour oil, heavy sulfer content crude that cannot be refined at a significant percentage of US refineries, or take a look at the duration of refinery shutdowns in the wake of Katrina? How about year-on-year increase in demand by China and India? Maybe you can research political risk premiums brought about by instability in Nigeria, sabre-rattling by Iran or reduced output by Iraq? The economics that underlie the price of crude oil are extremely complex. It is hardly surprising that the uninformed populace, upset over the price of gasoline, wants to believe that some malevolant force manipulating the market to its own end but the truth of the matter is far more banal and the complexities far more intricate than can be synthesized into your "bogeyman" theorem. If, after all this, you still think we are squeezing the market at your expense, then why don't you simply go long a crude contract?


Just for the record: we have been short crude from 73. Hardly the action of someone intent on ripping off the consumer...

 

Ok. I respect that answer. And I can really never be mad at a hedge fund guy

 

Great comeback twk,

Facts you bs artist. A bi-partisan committee and its staffers produced that report. The NYMEX like the NYSE and NASDAQ are the major and most influential trading platforms in the world. I trade and know markets. When I hear nymex traders tell liz claman there is a 25$ to 30$ speculation premium in a barrell of oil I believe it. Posting something by the head of the nymex is like asking a mob boss if NYC has a crime problem.

That report says it all.

Every post you have put on this thread has shown your lack of class! You're wrong on this and you know it, try to con someone else.

 

I am not against cops, just corrupt ones and those others who abuse their power.

It's just that logic and history would suggest that a tone is set in a department by certain levels of leadership that allow and foster corruption and its hard to envision how good cops could function in a corrupt force.

I wish you well in your career if you're one of the good ones.

 

Horsesh1t. You are no more a trader than I am a Second Baseman for the Yankees. Of all the moronic and idiotic comments you have made thus far, this one takes the cake. Every statement you have made betrays nothing but the most sophomoric understanding of of the financial and commodity markets.

I am done with you. You are dismissed.

 

Folks, this thread becomes now completely GaGa!!! Let`s bash Mr. Cent somewhere else in the www!!! .......PLEASE!!!

Ciao!
Walter

 

No kidding. These last three pages specifically are completely worthless (not that this thread had anything going for it in the first place). Yeesh, give me my 10 minutes back.

 

Okay karnak, at least you are consistent, finish with another emotional outburst when the facts go against you.

 

wow. 50centarrested--->racism---->college--->racism---->college---->markets
Next topic, God?

 

Heck, why not? God doens't drive a Lambo or Ferrari. He drives an old Vector cause it's American made...or was.

 

9 times is a total myth
the truth is 3 shots
i am 100% positive
i have an inside connection

 

Who cares either way... It'll be like a $500 fine.

 

Ok

 

Facts? What facts? You are an imbecile, that's the only fact you have managed to establish.

Here's a fact for you, jackarse:

I am sure a "trader" like you knows what contango and backwardation are.
If what you say is correct and the crude market is being driven by speculative buying interest then the markets should be in backwardation. Speculators, being financial buyers would be driving up the front month crude and the market, with ample inventory according to you, would price the deferred months at a discount. Spec buying can't go on forever and someone has to take delivery at some point. This is Economics 101 and even a complete idiot like you ought to be able to understand this.

Yet, the markets are in contango...

How do you explain that?

 

Here is how I explain it. We live in a WORLD economy. Nothing any one person or group of people do can drive up the price of a single commodity. Oil is expensive now because of a number of factors not the least of which what is going on in the middle east, Purdhoe bay, the gulf region, Venezuela, China and India, and the list goes on and on. All these factors lead to the fact that the distant prices for oil are higher than they are today=Contango.

How can one group of speculators buy enough oil to jump the price and once they hit their price point why would there not be an absolute glut of oil on the market. Like TWK said, eventually there needs to be someone to take delivery. This is Econ 101 guys.

Now how about that chrome Murcie that fiddy was driving? I gotta imagine that those are in pretty short supply.