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    Flash crash analysis by Nanex

    Maybe we should recall some ET members why Credit Suisse was fined for 6 month ago : Case Note Violated NYSE Rule 342 by failing to adequately supervise development, deployment and operation of proprietary algorithm, including failure to implement procedures to monitor certain...
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    Dynamic Hedging and Volatility Expectation...

    From time to time I stumble across Nassim´s website and find some interesting stuff : http://www.fooledbyrandomness.com/volexpect.pdf Reminds me of Dynamic hedging Simon Benninga and Zvi Wiener http://finance.wharton.upenn.edu/~benninga/mma/MiER71.pdf Good lecture for everybody...
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    What is happening to men?

    Last check : everything is just fine... :D :D :D
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    EU Stress Tests Fail to Reassure Investors Wary of Criteria

    July 24 (Bloomberg) -- European regulators found that seven banks need to raise a combined 3.5 billion euros ($4.5 billion) of capital, underwhelming analysts who said the stress tests may not have been strict enough. “The amount of capital needed is much lower than the market expected,”...
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    EU bank stress test

    I am not celebrating only cheap hedging. By the way : Put / Call Ratio 1,95. Ay, ay, ay so much negativity out there... My closing price guess : 1005.50.
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    EU bank stress test

    1040 July 30 puts trading at lousy $2.35...
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    EU bank stress test

    There will not be Q4 failures, if European banks have finally learned what the ECB has telling them for over 2 years : strenghten your damn balance sheet. Recapitalize. Over and over and over again.
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    ES Journal Archive (2009 - 2010)

    11.000 lot fake offer orders appearing at 1089.50...Somebody is very, very, very desperate ...
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    German Ifo business-climate index posts sharp rise in July to 106.2

    Stuff like Mercedes Benz, BMW, Audi, VW and Porsche´s that the Chinese like very much paid with money uncle Ben has printed. So tracing the $$$ is very easy : US=> China=> Germany.
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    Short DAX at 7740

    Germany's Ifo index posted an unexpectedly large jump in July, offering further evidence of the strength of the euro zone's largest economy. The business climate index jumped to 106.2, up from a reading of 101.8 in June, the Munich-based Ifo Institute reported Friday. Economists had...
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    German Ifo business-climate index posts sharp rise in July to 106.2

    LONDON (MarketWatch) -- Germany's Ifo index posted an unexpectedly large jump in July, offering further evidence of the strength of the euro zone's largest economy. The business climate index jumped to 106.2, up from a reading of 101.8 in June, the Munich-based Ifo Institute reported Friday...
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    California Teachers Fund Earns 12% After Record Loss Last Year

    July 19 (Bloomberg) -- The California State Teachers’ Retirement System, the second-biggest U.S. public pension fund, earned 12.3 percent in the year ended June 30, led by gains in stocks and bonds that offset losses in real estate. Calstrs, as the Sacramento-based fund is known, ended the...
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    Paulson joins trend with launch of retail fund

    Paulson risking to lose his reputation ? Never - ever...:D
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    The Stress Test Guide

    At 5pm London time/6pm Central European time, the Committee of European Banking Supervisors is scheduled to publish an aggregate summary of the results of the European bank tests. From then on, individual results will be published on an ad hoc basis by the banks or their national regulators...
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    ES Journal Archive (2009 - 2010)

    Hum, not those who have hedged their "a.." :D
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    ES Journal Archive (2009 - 2010)

    What coincidence that we today have much lower volume between 02:30 and 03:30. Must be algos on strike. Seems almost NOBODY is willing to sell. Strange enough all algos have decided it at the same time. Ay, ay, ay what coincidence.
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    ES Journal Archive (2009 - 2010)

    Of course DEMTDAYBOYZ need to move above 93.5 otherwise no algo fun....
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    ES Journal Archive (2009 - 2010)

    Well, I have my 1040 puts already in place. :D
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    ES Journal Archive (2009 - 2010)

    Honestly, I am astonished that US managers are not shi..ing their pants because of tomorrow´s release of stress test results...
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    Short DAX at 7740

    Yadda, yadda, yadda. Missed this rally completely. :(
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