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I have to admit I got absolutely sick of the 100% upside no risk posters hope they are being reamed.

Volare Volare Classic stuff really when it goes up 5% in one day gee its a good thing. When it goes down 6% we suspend trading etc etc.

Classic :D

Wasn't it Thorpe who came up with this statistical arbitrage technique 30 years ago have these guys not moved on?

Bahaha:D

Thats it GS will blow up soon!

You are right but its fairly easy to generate this kind of performance, sell puts on the Index until you blow up and charge 2 and 20 until you do. Also come up with some bullshit "strategy" to convince people that you are doing something clever.

Douglas Bader was a second world war spitfire pilot who had two false legs. He flew during the Battle of Britain with his false legs. Amazing guy. I love the term Bader straddle.

What are these clowns doing 1X levergae and they lose 31%? Its called a Douglas Bader straddle = you get hit on both legs.

Anytime you see anyone running opm in more than one fund it has to be to exploit survivorship bias. But when you have $1.7bln opm what me worry:p

You know these charlatans really get to me, I have a PhD, but its not in "Phinance" what gets too me is that they are not real scientists. To say we are seeing events that are supposed to happen every 1:10000 events three days in a row, tells me that they are imposing their view of reality on...

http://www.dealbreaker.com/2007/08/how_credit_market_turmoil_rock.php “As these managers unwound significant factor based portfolios, these factors started to behave in unexpected and potentially troubling ways. Short names started to rally and long names started to fall as these trades...

Classci :D Doh

Heres the relevant code Public Declare Function SetTimer Lib "user32" (ByVal HWnd As Long, ByVal nIDEvent As Long, ByVal uElapse As Long, ByVal lpTimerFunc As Long) As Long Public Declare Function KillTimer Lib "user32" (ByVal HWnd As Long, ByVal nIDEvent As Long) As Long Public TimerID As...

Have a look at this spreadsheet it basically saves the dde data in a time interval you specify. Have a look at the code in VB. Right click the start timer and end timer buttons and say edit code/macro.

To be honest I have know idea, but if it all passes, they will say, "oh well, it was over sold and the retail traders panicked." If it turns in a massive panic sell off and few big insto's go under, then it will be it was because of a repricing of "fill in blank". One thing I can promise...

I was refering to Yeats being the trader not me:p

Somebody had to say it :D And what rough beast, its hour come round at last, Slouches towards Bethlehem to be born? Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world. Who would have thought a poet was a trader.

I just miss the guy who used to free $$$ zero risk

I just miss the guy who used to free $$$ zero risk