You're right. Dollar stores are booming where I live. Quality is low, but oftentimes you don't care - gift cards for example. Instead of paying $5-7 for Hallmark, I get one at the dollar store, no one notices the difference.
Why not just put QE in everyone's Cereal Boxes?
Or microwaveable QE... Walmart could sell them like hotcakes and prop up GDP.
And treehuggers could get 100% recyclable QE, made from recycled paper.
Instead of IOU's California could get ser<b>IOU</b>s!
Correlation is the highest its been since 1987. Right now diversification doesn't mean anything...
It might mean something once the Market corrects 20-30% though.
for a quick education.. read Woody Dorsey's book "behavioral trading"
It has excellent playbook and descriptions for these kinds of phases...
Heres a sample chapter:
http://www.marketsemiotics.com/docs/pdf/BTChapter10.pdf
It occurred to me today that now that the U.S has no productive assets (i.e its not manufacturing anything) , it will have to get in the inflation business in order to reduce its relative debt, even though thus far it's obvious from the Market (see bonds, cpi, tips) , that creating inflation...
Actually, if you listen carefully in the video interview, lebouef said he was given a multi-million dollar prop account. (I believe he said $6 million dollars)
A $650k return on $6 million of risk capital is kinda funny.
As for Schwab, look them up, you'll find they were fined in 2002...
I read somewhere that a HFT firm in California only had $10 million in capital and yet they were providing liquidity for 3% of the daily SPY or something... I definitely wouldn't call that risk control.
Krugman is too busy making movie appearances to care about the US economy
I suggest he get himself to the greeks, where he belongs.
<iframe src="http://www.businessinsider.com/embed?id=4c0f8d467f8b9aa50bfb0700&width=600&height=430" width="600" height="430" border="0"...
It all comes down to the banks. Someone will screw up and expose it all, probably sooner than later. Germany banks will be shown to be screwed too. Sentiment can change on a dime.
The funniest part about all this is that the purported trader assumes his ideas are easy transferable into code. Discretion is a huge part of trading. You will likely find, as I have, that it takes years to come up with code that approximates your own discretionary trades, or to generate...
anyone considering a trade or "investment" in UNG should read the entire Bloomberg article, and then read it again.
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=ag6NxaYioN24