Just one data could pump 20 points of the NQ or the T-Notes. :eek: Those made the statistics should easily make a fortune. Today, I know what is the best job in the world. Not the CEO of Microsoft. But the statistician!
why those working at the statistics dept don't make a fortune?
- Thread starter ADX_trader
- Start date
Actually the probability of the market closing a gap is quite likely.
I honestly think some do take advantage......You cant own the market on that news alone....you can take advantage of the move after the anouncement, but sometimes you will still be wrong. The news has to be way of consensus (IMO) to really feel confident it will move in your direction. I mean if they were looking for 5.9% unemployment and they get 5.8%...which way would you bet???.....peace
oooops, maybe you were reffering to them lying about the data...not only knowing before hand......
oooops, maybe you were reffering to them lying about the data...not only knowing before hand......
Quote from ADX_trader:
Just one data could pump 20 points of the NQ or the T-Notes. :eek: Those made the statistics should easily make a fortune. Today, I know what is the best job in the world. Not the CEO of Microsoft. But the statistician!
what about the whole insider trading thing??? They can't really take advantage of that info to make a fortune. At least they shouldn't be able to. Not in this country. In some emerging markets, quite possibly.