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Thanks, makes sense!

Well there's something I didn't know before today, thanks! Any idea why not, is it because of the exposure to the credit risk of the issuer?

Against the Euro (actually the way it was implemented), not against the European Union. Important but perhaps too subtle a distinction for you? As you may or may not know, the UK is part of the European Union and not part of the Euro common currency, therefore it's current situation would be...

From the article quote of "everyone who makes the move will be paid at least as much in salary and bonus next year as they earned in 2018" it sounds like you'll have that money for a year, then I'm guessing your wages will start to reflect the reduced cost of living. And most of his employees...

So you actually said "the entity that pays those employees, and without which they'd be out on the streets looking for work", therefore I wouldn't call it a stretch to assume your own words reflected your mentality! Listen, I'm as pure a capitalist as exists out there. My assertion is purely...

It's interesting you have a "but for me my employees would be out on the streets" founder mentality while I have a "but for my employees I'd be out on the streets" founder mentality. That could be a factor of our industries. I'm in tech where finding and keeping A players is hard, every one of...

Not sure why that's "socialist"? I run a company that I started. I certainly can do whatever the hell I want to with my company, it's mine. Of course since it's not a one person company it's only successful because I'm able to keep a bunch of high quality folks happy working for me rather than...

Exactly! The real answer is that they're a low cost focused operation so they try to automate everything and hire the cheapest possible employees with the theory that they don't have to know anything since "the algorithm" takes care of everything. The first part isn't a terrible thing to do, I...

European for me, SPX. Of course we understand the early exercise concept!

You very pointedly failed to answer the questions I asked repeatedly, thereby indicating quite clearly that you know the answers but find them inconvenient so you try to change the subject. How about you go back to your concept that once a referendum happens the politicians must blindly work to...

Maybe it's @Visaria coming back out from under the rock he's been hiding under since he slunk away back in the spring!

Um, no, nothing like that at all. The referendum was a vote telling the government to do something impossible. To their credit, they tried to do it anyway. They failed, now it's time for the grownups in the room to stop trying to do what the majority of the country clearly doesn't want, a hard...

If they'd held a referendum for a no deal Brexit what do you think the outcome would have been? We have parliament's and congresses because there have to be some adults in the room when the people vote for something undoable. If they held a referendum requiring the government to cure cancer and...

To be fair, the school has no business releasing his grades (and most certainly wouldn't have, threats or no). Completely unfair is the rank hypocrisy by all those on the right who insisted for 8 years that Obama release his grades because they were convinced he got into Harvard solely because...

It's exactly the same situation. Remember, if you buy or sell just before the swap you're subject to both the swap and the currency move. The currency pair surely rises or falls the exact amount of the swap so if you buy it just before the two net out to zero. Actually a little less than zero...

That's kind of the unsupported assumption of the article author, that we can presume automatically that concentration=volatility. There are a couple issues with this. First, it would require that all money be pulled out of all stocks not in the S&P 500, for example, so every other company's...

First off congratulations, you've figured out something that seems to confound 90% of the posters on this site with respect to leveraged and inverse ETFs. Which is that their returns are a multiple of the daily percentage change of the index and hence they would not be expected to be able to...

The best part of the whole page is at the end: "Many people will say that my website has 1995 design. 'dangerousmother.com' with 1995 design is internet's heritage. 200 million websites on the internet went for modern designs and forgot internet's heritage. " You just can't make this shit up...

Actually you as an investor can "create" a share of SPY by depositing a basket of stocks with them. Effectively institutions arb ETFs when demand for the ETF exceeds supply and create new shares in that manner (and can also do the opposite). So unlike a mutual fund, the ETF sponsor isn't out...

It's just like buying a stock before it issues a dividend, the price falls the exact amount of the rollover amount or dividend when it goes ex. No free lunches there.