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Ahhh, wild capitalism in Russia... now the banks are screwd for a cool billion dollars. Is Citi in the loop again? I remember they got fried in 1998.:confused: Yukos: Banks Warn Of Possible Default On $1B Synd Loan DOW JONES NEWSWIRES April 26, 2004 11:03 a.m. MOSCOW -- Russia...

Where can I find Cramer's track record? Everybody is saying that he is a great trader, but can we see the numbers? DVB

So you are saying that the trades in the turtle system have negative serial correlation; that the correlation is statistically significant, and hence the trades are not independent? :confused:

I use gaps in cash indexes as a secondary strategy. I trade NQs only, and I must admit it works very well. I found that combining gaps with other indicators (not off-the-shelf ones) increase probability of success: some gaps I don't trade at all, some of them are good continuation patterns...

That is the most absurd post I’ve read on the Economics board. It reminds me of chain letters: “Let’s all buy gas at Shell, but not at Mobil, this way we put greedy bustards at Mobil out of business and the oil prices will go down” At least now I know where the ridiculous ideas...

Do know which book? Just curious DVB

I did test it as well and I do agree that the performance is disappointing. However I don't think it's due to the fact that the system's been public; I think it's because the cycle has changed. I am sure that the system of buying 20 or 55 days breakouts will work again sometime in the future...

He still collects his management fee :D Is it a great business or what? DVB

Richard H. Driehaus is doing great. http://www.driehaus.com/

As long as we are talking about S&R, is there a way to backtest S&R levels with Excel or VBA? How would you define it with formulas? DVB

I would recommend Keynes: The General Theory of Employment, Interest, and Money (Great Minds Series) http://www.amazon.com/exec/obidos/tg/detail/-/1573921394/qid=1082051960/sr=8-1/ref=pd_ka_1/102-9332659-9072954?v=glance&s=books&n=507846 to understand how American government operates...

http://www.turtletrader.com/ttr.html go to "historical futures data". A wealth of EOD data... for free DVB

This is from today's article in WSJ.com: "Wall Street Beats a Retreat Despite Strong Retail Sales By ELIZABETH WEINSTEIN THE WALL STREET JOURNAL ONLINE April 13, 2004 2:27 p.m. Equities lost ground fast in Tuesday afternoon as investors, concerned about an interest-rate...

I mean moves in the direction of my trade :D

I don't care rise or fall, as long as they move DVB

I personally didn’t like. All it has is superimposed charts with absurd economic conclusions. The statistical analysis is limited to some correlations for limited periods of time, and broad conclusions derived from those relationships, which, by the time the book have published, have...

This will be 1929 or 1987 type scenario for sure. DVB

I think we all forget one important point. Don't forget that China was one of a few counties that repudiated its debt back in mid 1940s. We all forget that China is a developing third world country, that solely relies on foreign debt and capital for GDP growth. And the debt and capital...

I am finishing my MS in Finance, and the class that I am taking is called "International Finance", which is supposed to be a culmination of the finance program. The professor is a PhD in Finance and a CFA. He never had a real job outside of academia as far as I can tell. He was going through...

Shoeshineboy: I strongly believe that the rise in interest rates will cause the economy to slow down, if not to come to a complete halt. 1. The rise in interest rates leads to slowdown in investments (not the stock market, but investments from economic perspective), which leads to slower...