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A initial distribution has been approved http://www.reuters.com/article/2011/12/09/us-mfglobal-trustee-idUSTRE7B725W20111209

Market value is irrelevant what matters is the bid for that kind of size. A distressed seller always get the worse end of the deal

http://institutions.interactivebrokers.com/en/software/pdfhighlights/PDF-IBStockYieldEnhancementProgram.php?ib_entity=inst "This plan allows IB to borrow shares from you in exchange for cash collateral, and then lend the shares to traders who want to sell them short and are willing to pay a...

Theses rules of thumb need to be derived from some type of Kelly or Optimal F calculation(With additional margins of safety). Otherwise they are just bumper sticker advice without much reasoning behind it

http://www.spiegel.de/international/europe/0,1518,802051,00.html

http://ftalphaville.ft.com/blog/2011/12/06/783021/step-inside-the-mind-of-willem-buiter-but-tread-carefully/ "There is no evidence that fiscal austerity depresses demand and activity to the point that the government deficit actually fails to improve or indeed increases, i.e. there is no...

So I'm assuming the exit tactics didn't change?

What are some of the changes your firm had to make lately compared to how you used to trade this strategy?

Back when the rumor was that S&P might downgrade France like 2-3 months ago they said they 'reaffirmed the ratings we gave them a while ago' or something to that effect. The fact that they said 'no comment' this time, makes me think there might be truth to the rumor

The actual benefits of just having the same currency without the other stuff seems quite limited in my view

The EU should have free flow of goods, capital and people in the zone, this helps their economy a great deal. But they don't have to have the same currency to have that

If the ECB or the EU region central banks are really going to lend to the IMF to me this is goodbye to the Armageddon scenario and hello to €Japan http://www.bloomberg.com/news/2011-12-02/euro-region-s-central-banks-seen-providing-up-to-270-billion-through-imf.html

LOL the SSF for Jun 2012 has a $2 bid ask spread. You can buy GRPN at a $1 discount though by hitting the ridiculous ask from the MMrs $2, its fucking hilarious that the market marker is making the market so wide

You don't have to divide your 'trading results' by 10. They can be just the account returns but at the end of the year if you add all the gains from business, real estate AND trading, what is the %?To me this number is the one that matters because trading results can be manipulated by...

A guy with a $500K house and a $200K brokerage account can take a level of risk that a guy with just a $200K and no house can't(The guy with the house knows he can bail himself out by selling the house, renting and being back in business or at least live off savings and get a job). Therefore in...

You can talk about 'trading gains net of house appreciation' if you are reporting to someone your performance as a trader but at the end of the year I will be adding that house appreciation in terms of mental gains on how I did since a house is also a bet(Incidentally I don't own one, I rent)...

I'm in Sao Paulo, Brazil. My cable connection does 155ms. I can upgrade the connection but it seems enough for all my purposes

I've seen some phony traders try to inflate their results by talking about their 'account returns'. Lets say this trader is worth $1M including his residence, he's got $200K with his broker. He makes $50K this year, this is only a 5% gain in his networth, hardly anything to write home about. Yet...

HKD had a monster move up against USD. 20% of the band width in 1 day. It seems that Chinese loosening is bullish to the HKD

Late 2013 Fed futures contract are actually quite a bit lower than I thought. The market seems to be pricing in a decent amount of risk premium against a Fed hike that year. This complicates the trade