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A hack where personal info is stolen but no money could be covered up or ignored. If they're a publicly traded company and any significant amount of money was stolen they'd have to falsify their financials. Doing that is like a Ponzi scheme, only a matter of time before it's obvious.

My pet and somewhat provacative theory is this. There are two types of people interested in computers. The first group won enough of the genetic lottery that they can do a good job of coding, so they learn that and get a job coding with the commiserate salary that comes with the current shortage...

One wonders why he didn't lead with this part!

Well you can't lose a lot of money without it showing up on the financials and you can't have customers lose a lot of money without it showing up places like here. They don't pay the all the employees there that touch the financials enough to put their life in legal jeopardy falsifying...

That's a little akin to saying "There's a gang hitting the local libraries, we all know they're gonna hit the banks next, it's just a matter of when". EDGAR was archaic, as all of us who ever used it know. Heck the hackers probably broke in a year ago but had to spend 6 months teaching...

Something like the original Quantopian contest that allowed teaming would be a pretty cool idea along these same lines. It requires a third party you trust not to share your source code or trades, but if you had that you could take advantage of what sle pointed out that several disparate...

First rule, don't attempt to "crush the market". Seriously, find a small edge and exploit it, don't be greedy and don't try to become a millionaire overnight. Remember, if you manage to make 10% a year consistently you're already better than the vast majority of professional money managers. If...

I have gotten some errors on EDGAR that made me question how secure it was. Only a matter of time and could have been going on for years by others if they were smart enough not to be greedy and blend it in with other trading to avoid the suspicious activity screens.

I don't think anyone can provide anything more than a qualitative educated guess on if they're easier to predict. I would point out that if an exotic has a spread 50X wider than a major pair, it has to be easier to predict by a commiserate amount. It's up for you to determine how likely that is...

IB is infamously for not gasping the fundamental concept that a spread has a maximum loss and charging you margin on some higher amount. If you get lucky you may talk to a human there that gets the concept, but they'll always defer to "the algorithm" that runs the place and which is impervious...

The UNITAID portion of what they do is much like a Food Bank. The Clinton Global Initiative is much more like the non-profit I work with and the one Arnie works with, both of which were described in detail in an earlier portion of the thread. They are nothing like either a food bank or a youth...

Why don't you address the specific issues I just pointed out? I know it's inconvenient, but give it a try. You clearly don't understand that a non-profit can provide non-direct aid. That's pretty fundamental to non-profits. What boards have you served on, exactly?

So here's gwb-tradings "logic" gwb - "Show me where the charitable giving is" everyone else "Well part of it is here, and not all non-profits devote all or even part of their resources to direct aid" gwb - "OK, but they only gave 13% as direct aid, therefore they're illigitimate" everyone else...

Well for starters UNITAID commodity expenses are the money paid out to buy supplies to support UNITAID, which if like me you aren't familiar with is an organization that provides malaria, tuberculosis, and TB, and hepatitis treatment and prevention. But.... The real point is that you are stuck...

Sorry you're right. Definitely should have been less sarcastic and more helpful as I see looking back at my post. If puts are priced with a significantly different implied volatility than calls, i.e. one is more "expensive" than the other, it represents a risk free arbitrage opportunity. You...

As traders you and I have probably both been bitten by mistaking correlation for causation. It sounds like we now agree that every administration has a number of appointees who are formerly worked in investment banking. Why is this. It could be a global conspiracy by GS to manipulate the...

No, I'm sure it isn't. The OP was basically making a nonsensical observation and I was trying to point that out, but since he appears to not know what p/c parity is or have the curiosity to look it up, it was probably a wasted effort.

Seeing as how they donated money to candidate Obama before he became President, I'm not sure WTF that has to do with what they thought about his policies as President? In fact it's pretty clear you didn't even bother to read the articles you linked to, the VERY FIRST LINE in the last one is "For...

Nice list. Care to make the same list for every modern President? There are over 9,000 positions in the Plum Book, most of which are filled by several people over an 8 year term. Some fraction of a percent of them are always going to have worked in investment banking. If you made a list of...

You've got a guy on here that when confronted with posting opposite and mutually exclusive assertions still refuses to admit he may have been wrong on one of them. Don't hold your breath, some beliefs are impervious to facts or reason. "Obama bad, Clinton bad" is apparently one of those...