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26%  
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Keyword: penson

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  • Impending Market Dislocation? (PNSN)

    05/03/2012 10:37:36 AM PDT · by SatinDoll · 5 replies
    The Market Ticker ^ | 05/03/2012 | Karl Denninger
    If we get another MF Global folks the market will drop 5,000 DOW points and not bounce, as that will be that -- in the grains, in the commodities, in everything. [snip] I have no idea what their [Penson(PNSN)] liquidity position actually looks like. All I know is what I see in their stock price. But this does not look good, and as Ann points out there is now history with MF Global and the CME refusing to make good when their oversight fails and customer funds "disappear." In short don't expect that you're safe if Penson blows because there...