ES Journal Archive (2009 - 2010)

[wave]

Do you really think life insurance companies would still be in business if they had to pay out the term policies with such low rates they charge? They know their probabilities, that is it! And guess what most folks have?

 

[wave]

There is little risk when you know the probabilities are on your side.

 

[Lawrence Chan]

Quote from wave:

Do you really think life insurance companies would still be in business if they had to pay out the term policies with such low rates they charge? They know their probabilities, that is it! And guess what most folks have?

They don't know their stats. That's why life insurance companies always blow up in the end whenever disaster (natural or artificial) strikes.

But that's shareholders' money, along the way, the executives got paid, the sales get bonuses, and their balance sheets looks like healthy profitable companies luring people to buy their stocks.

We traders, however, answer to our own bankroll thus have to be much more responsible.

 

[gobar]

5, 15 min chart r looking toppy

 

[romik]

Quote from wave:

Do you really think life insurance companies would still be in business if they had to pay out the term policies with such low rates they charge? They know their probabilities, that is it! And guess what most folks have?

Most folks have unhedged paper

 

[kinggyppo]

Quote from wave:

30pt run in the making for the longs. The aroma of 1080 still in the air.

Da Wave!! keep your your thing.

 

[wave]

hey king

 

[romik]

AIG

Quote from Lawrence Chan:

They don't know their stats. That's why life insurance companies always blow up in the end whenever disaster (natural or artificial) strikes.

But that's shareholders' money, along the way, the executives got paid, the sales get bonuses, and their balance sheets looks like healthy profitable companies luring people to buy their stocks.

We traders, however, answer to our own bankroll thus have to be much more responsible.

 

[ammo]

Quote from ammo:

sh 53.5 and 53,wave the mar jun lin is 58 on cash,res

add 56.5.....add 58.75

 

[Lawrence Chan]

57-57.25 bid size =D