Time to hedge your own salary, create your own basket of currencies + gold.
Resource rich country currency like: Canada dollar, Austria Dollar.
Rich and smart people including corrupted Chinese are moving to Singapore instead coming to America, buy Singapore dollar.
...
I think major banks around the world are building a basket of currencies + gold.
GS is in charge of defending US business (prevent oversea companies from taking over US ones) by pumping up the stock prices.
I think the world finally understand that American produces nothing but "gift" card with some fancy wrapper:
AAA,AA,A+,BB+,B+,MBS,CDO
http://www.elitetrader.com/vb/showthread.php?s=&threadid=174799&perpage=6&pagenumber=6
Made killing today, I shorted dollar and long gold.
Just read what O8 said in G20:
1) We American would like to make some thing your people want (Right now we only produce debt AAA,AA,A,BB+,BB, MBS, CDO...)
2) We don't like trade barriers.
How can he do that without devalue the dollar.
Some hedge funds did experiments - give female hormones to some male traders and Ph.D. quants who could not deliver consistent results. The result was positive but the practice is not widely spread because of potential legal issues.
Higher education is necessary so you don't get fooled by these rocket science BS. Hire a few Ph.D. is more like window dressing, but the street is moving toward to hire fresh attractive looking young lady these days.
Most successful fund managers do not have Ph.D. degree, but they do like to hire them. If I got promoted to the manager, I will hire some Ph.D. too. The Ph.D.s are usually not very aggressive. The reason they got Ph.D. is they could not find a job and would work hard like a slave. Some fund...
Share free lunch idea:
For example:
Short 2011, 2.5 put, If you short 100 and collect 2K premiums, that's 20% gain for 15 month. (You need to put down 10K on IB)
DNDN cash value is 2.5, so it's kind of risk free
Former AIG boss thinks government should reduce ownership to 20%.
That's bullshit, we need to put such shameless person to jail. Although I would like to cut him to pieces.
$100B? $200B tax payers money
I am INTJ, and the description fits very well.
Without introverted intuitives, it is said that Israel would have had no prophets. Under deceptively conventional appearances lie perceptive minds that travel the breadth and depth of universal mysteries, contemplating its multilayered...
This is the link, it's old news. Buy consider SEC has already banned high frequency flash trading, those quant days are numbered
http://www.nytimes.com/2009/01/13/opinion/13herbert.html?_r=3
My first trading model went on live is a super success. The model works like this:
I want to attack the statistical arbitrage AutoTraderEx6 run by a big long-short hedge fund. I started to put down his shorts a little bit at the same time put up his long position. I keep shaking and make the...