Search results

No, but you can sell your stocks and move into other names or fixed income. Not being able to short in 401K’s probably saved investors a trillion dollars or more the past decade alone.

Social media and the modern news media industry exaggerates the shallow impulses of vain humanity and trivializes rational thought and logic. Being informed is not the same thing as being intelligently informed.

Kim Jong Un is in a coma.

Countries with high public mask compliance saw big summer spikes. US States with high public mask compliance like California and New York saw big summer spikes (as did Texas and Florida). Sweden had an early spike but let it burn through and their summer was modest. Mixed scientific opinions...

I texted a buddy who is a securities attorney (University of Chicago) about some of the legal claims and injuries cited in this thread. ( I sent him a few screenshots ). I think he sent me every laughing emoji currently known as a reply. If (highly unlikely) a party could prevail on 5th or...

No they do not. And front running futures orders is illegal - been that way since forever. I knew a couple floor brokers who executed orders for their own account in front of large customer orders and they were suspended and fined. This was in the waning days of time stamped trading cards.

Great point. Russia is home to some of the smartest Engineers and Scientists in the World. Dr. Loren Graham from MIT has some great YouTube videos on why Russia was never able to modernize itself to the extent of the West and take commercial advantage of the genius of its technological...

This is really eerie. At the end of World War II, the US had a GDP equivalent to all of the other belligerent nations on both sides combined. Europe has massive structural economic and systemic taxation issues. This is what happens with the VAT and with high income tax rates. Investment and...

The US Treasury will roll coupons all the time. They will buy higher coupon Notes and Bonds on the open secondary market and will re-issue lower coupon Notes and Bonds. Think of it like the US government refinancing its debt at lower interest rates. When commercial banks lend money to each...

The Fed turns over the assets on its balance sheet. Including the real estate and subprime loans - that's all long gone. Most economists believe that the Fed actually made a tidy profit from the 2008 bailout and the subsequent Quantitative Easing.

Good find. That is fascinating. For all its faults, the US has a career path for genius Engineers and clever Scientists - we make millionaires and billionaires out of them. And there is no shortage of venture capitalists willing to take on enormous risks in order to seed new innovations...

I knew of a proprietary trading group that had AI software that scanned all news feeds and applied that news to a logic grid in order to arrive at a buy or sell signal. Didn't work that great. Mostly because the markets would frequently but not always use "bearish" news as a buying opportunity...

About a decade ago, I got something like 20-plus PM's from various Bright Traders who were just getting crushed. It seems like it had been SOP at the firm for quite some time for them to model one or two sigma deviations and to fade those levels faithfully. And these guys were just getting...

There is automated market-making in all of the electronic options markets. What that means to you is that both the bids and offers are populated by HFTs, and those bid and offer levels will change with the underlying on an automated basis as well.

Post of the New Century :thumbsup:

No. Makes really great looking charts, though.

He also quotes himself over and over again in order to make a nonsensical point.

You don’t have to make grand macroeconomic “market wizards” bullshit proclamations to successfully trade markets. A sense of what is a star and what is a dog can serve you quite well. I’ve mentioned several times now that I had clients long NQ and short ES as a weighted spread and they just...

You don’t have to make grand macroeconomic “market wizards” bullshit proclamations to successfully trade markets. A sense of what is a star and what is a dog can serve you quite well. I’ve mentioned several times now that I had clients long NQ and short ES as a weighted spread and they just...

Or, alternatively, when every institutional investor in the World - including the largest Sovereign Wealth Funds, are bid for US Technology Companies with both hands relentlessly, you don’t fight it. It is what it is. Fighting the market is an incredibly self destructive enterprise.