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He also called AEP the 'next GM', was totally wrong on that. I have access to his private research, dude is no genius, seems too much of a extremist to me. But I do find it useful to be thrown many investment ideas so I can pick and choose something that makes sense

Looking at the chart I see that the short is working already

The vast majority of Unicredit sov exposure are in Italian and German debt, they have very little of anything else. So Italy pretty has to default hard in for the bank to fail(Or Italy face a severe recession). My bet is that the politicians will keep the game going for quite a while so if the...

Lending programs are only QE to the extend that they go unsterilized or if they signal future unexpected loosening of monetary policy. I'm not quite sure this is the case here

Either that or its not true that it wasn't Peterfly who bought, wasn't he saying in an interview 'you win some you lose some'?

But he was also buying stock in the holding company for himself

Credit goes to Tony Montana :p

This whole market is a pussy waiting to get fucked

But there is one troubling thing about Petterfy, he was buying MF stock all the way down. Clearly he doesn't have good judgement when it comes to spotting balance sheets that are likely to run into problems

Yeah, how dare a business try to save the consumer money and make their shopping life easier :p

A 4% APR actually costs a person 4.03%, might not seem like a lot but over the long-run it adds up. In the case of credit card loans the differences get to obscene levels

What I mean is that a 4% APR actually produces a higher economical return over the long-run than 4% a year given that the bank can reinvest the payments in other investments in a monthly basis APR ignores the effect of compounding. This favors the banks at the expense of the people. Its amazing...

People have to pay these monthly correct?If so, APR is a misleading number since it does not take into account some of the compounding the bank will have by reinvesting the payments. The true annual rate(effective rate) will be higher

There is no disagreement here, those formulas are not adequate due the ludic fallacy. They are just the baseline. I'd note that the large drawdowns they produce are not relevant in terms of expectation, people like to say 'if you lose 50% you must make 100% to get back to even' but it doesn't...

I'm willing to tolerate a bigger drawdown for excellent trades that have great payouts(3-1, 4-1) but might not be for others without(1-1) even though they both have the same win rate. So I would have to incorporate that factor in

I trade to make as much money as possible with safety, not to protect myself from investors that don't exist

The article says rehypothecation is used by Broker Dealers. Problem is MF Global did not had(to my knowledge) any client money in his broker dealer, they raised money in the repo markets there. The client money was in the FCM which only allows the funds to be invested in securities listed in the...

If would be interesting if you explained the reasoning behind the stock plays

I wouldn't be surprised if they had the missing cash. They seem very conservative in their margin policies

lol