I watch CNBC and just shake my head when these experts say, “oh there is no volume and that is bad”, or “oh the world will become saner with less leverage” Pimco’s El-Erian is on record saying that there will be less credit, less leverage and people will become saner. Sorry, but that is not (more…)
In the middle of March (18 to be exact) I started this blog entry. I am posting it now because somebody else finally said what I was thinking privately for quite a while. Investor Jim Rogers said he prefers oil over gold as he believes the International Monetary Fund will sell its reserves following the (more…)
Here is something I found quite interesting. If you read the following article you would get the idea that Marc Faber is down on the economy. Futures on the Standard & Poor’s 500 Index lost 1.1 percent. The benchmark index slumped 2.4 percent yesterday as investors George Soros and Marc Faber predicted that the recent (more…)
The SEC is mulling two rules for short selling. The first rule is: The SEC is working on an updated version of the uptick rule to include all stocks and a bid test, which would only allow shorting at a price above the highest available bid, said the source, who requested anonymity because the proposals (more…)
I am going to be blunt, so far the recession has not affected me. On the contrary I could not be busier, and things are actually moving along quite nicely. Well, that was until yesterday. Yesterday I learned that the conference SD West, and SD Best Practices are no more. They have been cancelled because (more…)
I write trading systems for a living and as such I think I have a grasp on the Sharpe Ratio and such. The Economist via Quantitative Trading has an article on the issue of trading and calculating returns using the Sharpe Ratio. A high Sharpe Ratio is one where there is low volatility. Clients who (more…)
Wow, I have not blogged since Christmas. ZIPO… nada, zilch… the problem was time. I HAD NO TIME!!!! I was very very busy with two projects: Reconcillation, and HippoTrader. From previous postings I talked about how I am working on a part-time basis with an investment bank. That is my reconciliation project, which is working (more…)
Oh Rick, I have been on your side many many times, but on this Boston Tea Party you are simply wrong. In fact you are being very dangerous in your discussions because what you are doing is dividing the people and making a very bitter situation more bitter. You are letting your ideals get in (more…)
In the US Christmas retail sales plummeted.
The holiday shopping season was one of the most dismal in years and even the after-Christmas period, when consumers normally rush to stores to use gift cards and seize on big sales, isn’t expected to be enough to save retailers from a terrible year.
No so in Germany, Austria, and Switzerland.
I wrote a blog entry on how my 2008 predictions fared, and what I think will happen in 2009. Well, wow, I did not expect one of them to happen that quick.
My prediction was that in 2009 Japan was going down. It seems Japan is already going down. The headlines read "Japan November industrial output falls ‘off the cliff’".
Before people panic and say, "OMG this will happen to us", you need to go back into my predictions on why this is a Japanese problem.
