Lots is right easily trade 100 or more without slippage.
Market gets very quite around Chinese new year end January early February.
Often have a fomc or there equivalent meeting and announcement on third Thursday i.e. close day.
Haven't noticed that it affects much.
Generally it...
Moves like you can't believe.
I would not worry about block trades.
It trades every tick.
News is weird sometimes its something out of China.
Sometimes its a missile launch from North Korea.
On short time scales (5min) tends to go up sharply
Watch the currency and any news on...
Reminds me of the come work on our mine we pay a $1000 000 a month, of course anything you want to buy costs $1000 100 and we own all the stores.
"St Peter don't you call me I owe my soul to the company store"
There was thread of this title, but its disappeared.
Anyway if you listen to the latest interview with Nassim Taleb on Bloomberg he mentions it.
Basically that $500 billion was withdrawn from US money market accounts on the 18 Sep 2008...
I remember a Guy had a PhD from Yale and was working on this new interest rate derivative for the bank.
Wrote this whole heck tit model, when he resigned, I looked at the model and yes underlying it was nothing.
He told me that he quickly realized that common sense was good enough, so...
Funny been reading a paper by Avellaneda where he mentions in passing don't use copulas and specially not Gaussian ones.
Weighted Monte Carlo: A new technique for calibrating asset pricing models
Avellaneda M et al
Reminds me of a story from ancient Greece.
In Sparta when you turned 55 you were thrown off a cliff.
So a Father and Son are walking to the cliff the father laughs and the son says why are you laughing you are going to die and the father says you're next.
Hate to be old in twenty years...
Guy is a joke
Fund Spotlight
UBS â <Rogers
Interna tional
Commodity Index®>
Swiss edition
Fund characteristics
Fund name: UBS (Lux) Structured Sicav â <Rogers
International Commodity Index®> (USD/EUR/CHF)B
Markets his funds through UBS
Something like 25% of the worlds private wealth is in Switzerland.
Can you picture the economic Armageddon if a quarter of the worlds private wealth evaporated!
http://www.swissbanking.org/en/20081223-300-bro-wealthmanagement2009-rva.pdf
Can someone explain to me How the US government wants 52 000 names of US citizens for hiding cash at UBS (Can you blame them).
While Madoff and Stanford are still walking free!
I am not a US citizen, but I am fascinated by this?
This is from Roubini's website
"Moreover, in many countries the banks may be too-big-to-fail but also too- big-to-save, as the fiscal/financial resources of the sovereign may not be large enough to rescue such large insolvencies in the financial system.
Traditionally only emerging markets...
Classic, "I have people in my constituency who have robbed your banks and they also say sorry"
Check this out also very funny
http://dealbreaker.com/2009/02/no-rest-for-the-wicked.php
You know This Boaz character is exactly like the character in Taleb's first book, fooled by randomness.
Its amazing how in the 1990's it was swaps traders that were hero's. Now its credit derivative traders.
Same story different actors.
http://online.wsj.com/article/SB123387976335254731.html
This is why it will always be possible to make money trading because of guys like Niederhoffer, Meriwether and this idiot.
Oh for fucks sake how many times does this idiot need to lose money before he gets the point!
So much for allocation of capital we gave it to Madoff and JWM
Have a look at
http://seekingalpha.com/article/110062-playing-the-auto-bailout-with-yields-as-high-as-45?source=yahoo
Personally when something has a 43% yield its either a ponzi scheme or you will lose your money.
seriously though. What makes you think the market is wrong in its...