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who would've thought notes top right after horrible payroll number and the dow+s&p top right after "rates in 8th inning" the market has a logic of its own

forget about economics for trading if you think about it there are always economic reasons to short and economic reasons to go long. there are guys with econometric models but i still have to see one that makes sense for a little guy, i mean one that does not return just 4% a year. just...

foreigners can come to the US and bring millions tax-free using trusts, they call it the trust-fund baby loophole. the only problem is lots of paperwork you still have to report everything to the IRS, they have to know how many times a day you wipe your ....nose, even when you pay nothing...

Great contributions, particularly Hydroblunt. PS when I was talking about i-bankers, I meant any schmoe working at GS, MSDW, CSFB etc etc I did not mean M&A, corporate finance, IPOs - investment banking proper. These guys do not have anything to do with prop or sales trading (supposedly...

I feel pity for all these i-bankers wannabes who have been brainwashed by the i-banks human resources depts and their college professors. Truth is, most people who get hired at i-banks do not get a good deal in terms of salary/quality of life. A few manage to join the millionaire club, the...

if you had bothered to read the article, you'd knew it limits the discussion to nobel prizes in economics and finance. [B] a lot of us get pissed these guys get so much respect and even help from the fed and deep-pocketed investors when they blow up, at the same time "normal" traders...

maybe... but he's right, PhD Nobel prize winners don't even know how to manage their own retirement.... and then they want to start hedge funds and manage other people's money???? check this out Experts Are at a Loss on Investing Nobel winners and top academics fumble the sorts of...

"valid" strategy? riiiight..... i'm going to explain to you what's the problem with this "strategy" suppose you find out a marvelous forecasting technique that tells you the s&p close right after the open. suppose also that spoos are illiquid so once you're in there's no coming back...

KUDLOW: So this is a hedge-fund problem potentially, but it is also a banking problem potentially. That's what I'm hearing from you guys. Mr. GRADANTE: That's right. And another point to bring out is Greenspan has always pointed to hedge funds as... KUDLOW: Yeah. Some people think...

Greg Zuckerman of The Wall Street Journal and Charles Gradante of the Hennessee Group discuss hedge funds LARRY KUDLOW, host: It was Mark Twain who once said, `The reports of my death have been greatly exaggerated.' Could hedge funds be saying exactly the same thing? Is it true? Joining...

Hedge Funds Hit Rocky Stretch As Field Becomes More Crowded Gregory Zuckerman and Henny Sender. Wall Street Journal. Hedge funds, the large private investment pools that have exploded in popularity this decade, have hit their most challenging performance stretch in at least a year...

it's possible they did that trade, they have a lot of phd's on board.

A Bloomberg reporter is sending out emails asking who is the unlucky sob. I personally don't know ....

LOL seriously... the LTCM gang was trading for their ego... for immortality... not just the money... i remember robert merton saying his first tought after the blow up was "oh what's going to happen now to my precious finance theory" the hell with the investors... if we all were...

if you cannot stand any kind of uncertainty then go to government or teaching. if you hate them, then you'll have to brainwash yourself into accepting and thrive from uncertainty, all private sector careers, even relationships have some degree of uncertainty, no job is certain. may i suggest...

c'mon happens all the time, remember LTCM? how their brokers started to piggy back their positions? someone mentioned that one of the perks of being a prime broker client is inside information, well this is what we are talking about.

call me paranoid but i don't like that prime brokers might tell their vip clients or their prop trading groups what my positions are at any given moment. i have the impression that chicago futures brokers are less dishonest and less likely to sh*t on you for a lousy buck, not that they...

Luciano Burti crashes Michael Schumacher. At the German Grand Prix 2001 at Hockenheimring Luciano Burti crashes during the start into the slow driving Michael Schumacher. Both drivers are able to join the race at the re-start.

LMAO Check this out "F1 TECHNICAL ANALYSIS 2001" http://www.speedgear.com/Details.cfm?ProdID=3164&category=0&SMID=6&SID=1&SCID=151&CID=151

That's also a good analogy. For racing, that would be focusing on performance, not on the results, on braking at the right spots, accelerating at the right moment, to challenge or not. Schumacher used to have that problem, he was too aggresive, he wanted to win too bad. Now he focuses more...