Search results

Exactly... People actually pay for and take seriously and post on forums... These thinly veiled ex-post-facto rehashings of long past events. But if these dudes accepted the truth that C has an EQUAL chance of going up/down in the next 6-12 months... Then they would have to stop believing...

That's why there can be a legitimate debate: Was it easier to start trading and make money in mid-90s or 2007? mid-90s Pro: => 1/8 min spread, often flip for 1/4 or 3/8 => you kept your place in line, this was a big deal => more market inefficiency in general Con: => $30...

Anything on "thestreet.com" is not news to anyone who trades bonds professionally. I trade C paper every day... Among at least 20 other global banks or investment dealers... And the whole "sub-prime crisis" is a HUGE financial windfall for my firm... Because volatility is my friend. I...

It's always a great idea to "pitch" your direct competitors as "shorts"... Especially if you have the same problems on your balance sheet. But, of course, the irony is lost on everyone.

This is a misleading article. Citigroup has been downgraded to AA- Still a VERY high rating. In contrast... New York State's rating is 2 notches lower at A New York State paper is riskier than Citigroup paper... And this is after months and months of media hysteria.

Silly moonbats: "Pro American" = "redneck" Here's what Jimmy's Chinese "friends" are up to: http://www.elitetrader.com/vb/showthread.php?threadid=111124

More hardcore PermaBear Porn. As for Rogers... I'm sick and tired of "Americans"... That prefer Communist China to their homeland. And I can't wait for the day... When the daughter who Jimmy absurdly named "Happy"... And is force feeding Chinese language and culture... Turns 12 or 13...

For the first part... Women in the less developed world are more direct as in: "Sell yourself for the highest price". And the 2nd part... Women are like little computers crunching every piece of data about you... And bouncing it off their friends. They are FAR, FAR more calculating about...

Exactly. Same as in poker. The future is Bots manned by Pros... Or complex Algo Systems manned by Pros. Only people that are not Expert Players... Believe that pure Bots can be competitive.

Not really. You have to keep in mind... That in virtually ALL Zero Sum Games... Roughly 90% losers and 10% winners. This applies to the Quant World... It applies to the Black Box Algo World... etc, etc. The Top 10% traders usually welcome more players in their game... In poker they...

This will probably take you 10 years to understand... If you bang your head against the pole that long... But purely technical strategies of this type... Are quite WEAK in the long run... Certainly not strong enough to build a business on. There is a fundamental reason why this is...

Great point. It's like turning around a big ship in a storm... and then going the other way. If you are managing 10 million... You can turn and head the other way in a few days... If you are managing 10 billion... you are pretty much f*cked. OK... So if your hedging options are...

Frankly... Taleb has always come across as a carefully constructed "guru"... And NOT as a professional trader. That quote pretty much proves it. Quantitative models work well 90% of the time... But will crush you 10% of the time... If you SLAVISHLY stick to them like poor Nassim...

It's precisely because of the complaints at ET... That IBKR is gonna keep chugging higher. You see... IB couldn't care less about it's Customers or employees. There are ruthlessly focused on keeping profit margins at roughly 50%... Which is the root cause of all the Customer...

Actually it's people like the author of this article... Who calls securities bundled with some percentage of sub-prime paper... "toxic waste" That have SHUT DOWN the market for this stuff. So instead of people getting $0.80 on the dollar in a liquid market... People are FORCED to take...

This is kinda deja vu... With New York Attorney General Andrew Cuomo leading the charge. 20 years ago... New York Attorney General Rudi Giuliani... Shut down the US junk bond market... By taking on Drexel and Michael Milken. http://en.wikipedia.org/wiki/Michael_Milken So now we'll...

An intersting article... Yes... the guy is a lawyer... But there are many BIG logical problems with this guys analysis. He identifies the "real problems" well... But his "solutions" hinge on: (1) "Foreigners" can quickly sue US banks and win. (2) It's easy to prove fraud behind...

Generally... One would focus on a well defined universe... Such as the one you chose... brokerage stocks... And narrow it down to brokerage/financial stocks with significant sub-prime exposure... Then apply quantitative analysis to identify... BOTH ** RELATIVELY ** under and overpriced...

You are implying... That a large or growing short position in a stock... Has some correlation (negative or positive) with future price movements. If this were true... Then 10 year olds... Or even your typical ET poster... Could make easy money in the markets.

None of this will happen. He will just keep donating 1% of his income to the OSC in the form of occasional fines. And there is "nothing wrong with gay people". What's not to like about dick?