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As a total aside. I had an elder friend that was involved in the markets since the Great Depression. It's hard to believe, but he really did start working as a runner one week before the great crash of 1929. While he might not have the mathematical finesse, he certainly had a fantastic market...

LOL. Was there another split that I missed? If so, I guess I do :)

Honestly, I don't know. That's the reality of investing - you never know and can only guess. From an investors perspective (I don't trade anything crypto-related) I think it would be foolish to invest more at these levels but I also think it would be foolish not to be involved at all. PS. Since...

Who knows, really? Making forecasts is a bullshit science. No matter what the actual market action is, one can always find an argument to support his point of view. In a rally, the perma-bears will expect, everyone to "get out it at these levels!" while the perma-bulls will point to the...

Here you go, these are QoQ numbers from the official US government source. I have no idea who "other sources" are. Well, people who spoon-feed others bullshit (no matter what side they are on) are not to be believed. That's the beauty of scientific approach - the data does not care if you are...

Year GDPGrowth 2016 3.38% 2015 3.11% 2014 4.33% 2013 4.31% 2012 3.24% 2011 3.64% 2010 4.56% 2009 0.11% LOL, yeah :) PS. I love it that people here say things that can be refuted by a simple google search. PPS. There is a tendency for people to misattribute the noise in the economy to...

Never gonna happen. Equities do not decline.

So, stupid question - with the new hardware exploit, Xeon chips should be cheaper now, right?

Cursory look on BBG gives me positive return correlation, but I would still question 90% digital correlation.

Well, majority of larger hedge funds have been running a multi-manager type business where they hire a bunch of PMs and manage them as a diversified portfolio. Supposedly, that type of business is not as susceptible to the capacity constraints, but you still have a number of people chasing the...

It was a slightly different time. These days, I'd say you have almost zero probability of success if you are not starting with 50+ AUM. I am not sure your math works out. As a fund owner, you are taking home from 10 (low) to 25 (high) percent of the performance plus the AUM scrape of say 1-2%...

Normally, I do not post in this section because it's populated by idiots. However, pseudoscience infuriates me enough that I figured I'd respond to one point out of 100: https://www.climate.gov/news-features/climate-qa/which-emits-more-carbon-dioxide-volcanoes-or-human-activities "Since the...

There is no convexity there. XIV is an inverse of an index, check the index definition to get a full understanding

Great news for those of us who do not need a connected box - hopefully I can buy an unpatched version for cheaper

I had a co-pm that was big into refactoring code. I think he is still re-factoring that engine instead of making money.

I recall looking at MS prime brokerage report recently - the number of large funds in their prime universe (I doubt they take on anyone under 250) gone from about 1300 to about 500. So yeah, "consolidation".

Smoking weed helps.

Should I assume you had a great year? Cause all I did is bought some steaks for my pup :) PS. My boss has threatened to give a watch as a present, I hope he does not deliver

Because at the moment if you have a bitcoin futures basis position on, you get (a) no margin relief, in fact futures exchange is agnostic of any position in the u/l (b) no guarantee that the two will converge - have you see that auction description? (c) no free sex Most market makers will have a...

DRYS