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  1. “Apparently none of you have been in the depths of the E&M trains at 53rd and Lex, under Citicorp.”

    That’s true, at rush hour, the platform is packed. Since there is only one, with uptown and downtown on opposite sides, it’s sometimes a struggle just to get past the stairs. If you are going downtown on the E, you get smushed by all the people going home to New Jersey at 42nd St, and Long Island at 34th. They are not kind and gentle, either. It’s a stampede.

  2. Warning : Geeky post on subway capacity:

    The train lines that were cut or saw reduced service least year obviously have excess capacity.

    That includes the 4th avenue Brooklyn local, Montague Tunnel, Centre/Nassau Street subway, and Broadway Manhattan lines.

    Before the cuts with no expense other than the trains themselves:

    The South Brooklyn/Culver line (F/G) had unused express tracks (currently under renovation), as did the Rutgers/Jay tunnel (F). These could have easily fed into the 6th avenue local V service which then terminated at 2nd Ave in Manhattan.

    A couple rush hour trains per hour could have been added to the B, and D with no additional changes.

    The G could be extended to full length instead of half.

    Additional cars could be added to C trains.

    With fairly easy/cheap changes:

    The 8th Avenue Express (A) was running at half capacity, and the 53rd /63rd tunnel system could have handled it running at full capacity, although a facility to turn trains in Long Island City might have to be constructed since Queens Blvd is close to capacity.

    The Brooklyn Fulton local and express (A and C) were running below capacity, although the fact they merge to go under the east river reduces options for additional service without converting the Court street/transit museum station back to active use.

    So there are ways to get more capacity on the subway, although many of them involve lines that are not as popular (6th, 8th).

    Note, all of this is during rush hours.
    During other parts of the day there is even more unused capacity.

  3. dona….have you heard the conspiracy theory around why the margin rates were raised on Silver? Don Cox, who’s a repectable guy, is saying that the ETF was facing a problem if there wasnt a selloff and rather than risk a run on all ETFs because of an issue with one, they orshestrated this.

    Raising the margin 3x is certainly suspect, right.

  4. You can get a rally in silver to 40 bucks. The back of the screaming bull market has been broken, but what you saw the last 5 trading sessions was panic selling on stops and margin related liquidation. Stong hands are coming in now. Don’t expect a resumption of the rally to 50 but you will get a recovery.

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