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Just thinking out loud here... What if one were to buy the distressed debt and then purchase some catastrophe puts with the same time structure of the debt. (i.e. 2 years out). Granted the premiums were juiced as GM was sliding lower before the downgrades to junk, but Im certain that...

Right on Steelhead. Marketspammer has proven to be a master puppet of VN in his endless attempts to pass off VN's theories as his own.

Uh oh. I can see it now. The members with numerous aliases will now be PM'ing their own aliases to get to the top of the "Popularity Chart"...

uh oh. This will surely upset the Midnight Crew.

Makes you wonder what sort of "favors" these guys were handing out to their priviledged clientale.

The bottom line is that options writing takes every bit as much discipline as systematic trend following, mean reversion, scalping, etc, etc... It's true that the best performers, as a group, the past 36 months have been index options writers, but that also coincides with an implosion in...

I'm waiting for Iceman to chime in...lol...He has some of the all time best rants... The manipulation issue is like debating religion or politics. Either you believe in it or you dont. I have seen some pretty nasty arguments when both sides go at it.

This rally really reminds me more and more of the end of December rally from 2004. What surprises me most about this current rally is that this is seasonally a pretty volatile period historically. The big problem for the bear case has been this worldwide reflation going on since late...

Not to disagree, but that's not always the case. There are enough failed firms to prove otherwise. Although, it is probably a better alternative than trading at home for the most part.

With these abysmal daily ranges, all it ever takes to traverse the length of any range is a large buy or sell program. Once those programs hit, its like a hot knife thru butter. It seems we have gotten to the point in all products where there really isnt much offsetting liquidity. It has just...

Just to add a bit to the conversation... When the 990N talk began to pick up, it seemed sensible enough at the time that an "entity" could game the markets during the most illiquid and low volume times of day at least temporarily. Where it stretches credibility is when it is labeled as...

You are a year too late to the Igor stuff. It was all over the internet at this time a year ago. By now, most of the guys at the prop firms who were bitching about have just left the index futures game.

yeah thats been the rumor for awhile...

As absurd as the constant bid is in the US indicies, its nothing compared to the Eurostoxx and Dax.

From the CME Clearing Member Firm Codes, those numbers represent the following firms: 990-Gelber Group, LLC 430-ABN Amro Inc. 013-Jump Trading, LLC 023-E-Trading Division of ABN Amro

Oh man, this bs game is still going on with the CME/GOOG to parity trade. I swear its surreal watching this.

I think its just a symptom of the overall illiquidity of the markets. Sure, people will argue "look at the volume", but its what is behind that volume that counts. If its all artificial market making to game the market for pennies all day long, well those arent committed buyers and sellers...

Now I revise my description. He is a combination of the late Sam Kinnison and a televangelist. But he is nowhere near as funny as Kinnison, just has the same level of energy.

This show is taking on an almost religous feel to it. The way he paces around on stage, inflecting his words, the delivery. Reminds me of the late night televangelists. The world is definitely spinning on another axis these days...

I tell ya its getting close to being equal I would bet. Throw out the few outlier extreme range days... There was actually a time not that long ago when there was a rather tradeable edge just keying off of the DAX and Eurostoxx a few hours a night. One of the indicies would kind of just...