Search results

Not so. Discussions about social mood changes are vastly more relevant to financial markets than any hot air about earnings, macro outlook or whatever else.

I would say the sons and daughters of the wealthy were the exception rather than the rule.. though technically being bankrolled by a rich daddy makes them welfare cases too :)

If you think about it, welfare gives people a roof over their head and enough to eat - the basics to sustain life - but none of the luxuries. Thus having basic needs taken care of by the tax payer and 100% of their time being leisure time as they are not working for their survival, the...

Well the looting was primarily carried out against small business owners. I would class these people as the middle class backbone of Britain. True, the areas involved were mainly working class, but not everyone living in these areas is necessarily poor and/or on welfare. There is a huge...

Once again, Britain's hard working middle classes have their lives wrecked by this country's nonsensical liberal agenda. Where were the armed police? Where was the shoot to kill policy for rioters? Nicolas Sarkozy got this right in the French riots of 2001 and he was applauded worldwide...

As far as I know it is the only testing software that can backtest open position management at the portfolio level, not just individual markets in parallel. This is probably what makes the price so high.

"Reset".. What a wonderful euphemism :)

To succeed in trading you need a mechanical (i.e. not subject to human interpretation or opinion) system with positive expectancy tested over several decades and the ability to stick with it. Sticking to your system is crucial and demands rational behaviour. IMO the main reason why investors...

If Victor Niederhoffer was in the signal selling business, he would be this guy..

Question for CoolWeb: what does your lifestyle cost approximately? If you go clubbing most nights and get bottle service I imagine you're looking at $2-3K per week minimum? Not to mention clothes, plane trips, restaurants, presents for the girlies..

Yes, because your opening line can be "let me take you shopping.." :)

Modern trend following systems (e.g. Abraham) trade multiple subsystems, some of which are mean reverting and others break out based. This helps to reduce volatility.

It's rapidly becoming one.. :)

That's a key question. There is no conceptual difference between buying tail risk using options and trend following, but there is a practical one. The better TF funds seem to do ok during 'normal' years too, i.e. when there is no crash or commodities spike. Just buying tail risk will lose you...

Interesting, especially as that component of the return is not scalable. Most CTAs offer notional funding, i.e. if say $150 000 dollars is required per unit of trading you can use only $75 000, thereby achieving twice the return in cash terms (and of course drawdowns twice as large).

Famous last words :) There are hundreds of Madoff type ponzi schemes operating right now in the US and Europe, just smaller in scale. It's only a matter of time before they get busted. There will always be a demand for funds purporting to return a steady 12% or whatever per year and people will...

TF has been crowded for the last 10 years at least. Most good TF funds are considerably up over the last 10 years. How can anyone say that trendfollowers last made money in the 70s and 80s? The same profits were made in the 90s and 2000s. There is plenty of dumb money around these days -...

Just found this post which is almost staggering in its sheer ignorance. At least bother to read or find out SOMETHING about TF before expressing sage opinions on it.

Instead of storming off in a huff, can you not explain your argument a little better? You're saying that TF performance is declining due to an increase in AUM (at least I think you're saying that). The point is TF has always had a mixture of good and mediocre years whether total assets were...

Yes, because asset flows and AUM are ENTIRELY NEW PHENOMENA that have only started applying to TF since 2009, right? :) Try looking at some history before you get smart. 2000 to 2003 were great years for TF which were followed by several lackluster ones prior to 2007. The total AUM in TF has...