The daily link

It appears some of us are interested in the business of trading, hopefully for both fun and profit.
Here's a place to talk about that. I suggest two main categories. How to trade (timeless), and what are you trading now, and why, and how it turned out. Those tend to be missing from the pro boards, so pundits can have selective memory....but that's not all that is important. Being wrong is part of the game, and how to handle it and make money anyway is crucial, for just one example.
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Re: The daily link

Postby Doug Coulter » Tue Jul 10, 2012 7:28 pm

This was too hilarious to not post on an otherwise dull day.
http://www.digyourowngrave.com/tom-mabe ... ene-prank/

Wiping tears of laughter out of my eyes.
Posting as just me, not as the forum owner. Everything I say is "in my opinion" and YMMV -- which should go for everyone without saying.
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Re: The daily link

Postby Doug Coulter » Fri Jul 27, 2012 7:04 pm

Sigh, the markets are a nasty place. Why do I have to feel like the jawboning that created this strange rally is just to sucker the longs back in just long enough to remove the rug from under their feet?

A little scary for workplace:

Mario Draghi: I am a liar.
http://www.youtube.com/watch?v=fxrd_jZJxkg



Angela Merkel....F off.
http://www.youtube.com/watch?v=1K77ehXQ ... r_embedded


The trick of course, is not to give up just because there are lying manipulators around - they've always been. The trick is to figure out who they are and what their goals are...so you know how to bet and not get stomped by the elephants. Good day today for me, actually - I just thought this was funny and all to close to how it really is.
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Re: The daily link

Postby Doug Coulter » Mon Jul 30, 2012 5:18 pm

Somewhat lighter hearted. As Sting said - all the pols look like game show hosts to me.
http://www.youtube.com/watch?v=GXcLVDhS ... _embedded#!
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Re: The daily link

Postby Doug Coulter » Wed Aug 01, 2012 12:57 pm

A lot of people say, why trade these crazy, rigged markets at all? With HFT robots trading to scalp pennies, front-running most other traders, and so on. Well, remember this. Humans are still involved, for one thing, and it's still poker - not roulette. In poker, the "tells" of the other players are all-important, and perhaps the smarter they are, the harder it is to beat them. It turns out (from this and other observations) that these algos, written by "puants" - basically physics recent grads who couldn't get a real job...aren't that smart, and even by itself, one of them can get into oscillations. A few together? Things can go really nuts.

In this case some alert human traders really made out. We'll see if the SEC can look away from their midget tranny porn feed long enough to bust some of these trades, but really - why should a firm that put on all these trades with a robot get a pass anyway? Let'em die, I say, and let the humans who made out off their mistakes keep their money! This is one place humans have a true advantage - if you see something just nuts going on, you can kind of know it's going to revert, and play the return to median. It's a high percentage play.
3718.jpg
From nanex, hi rez trading


Here's some analysis. Damn, I could program better than that before my age reached double digits, but evidently standards of education really have declined quite a lot. And the dumb humans running these bots took almost 30 min to pull the plug...losing at least 10's if not 100's of millions before they did...well, the golden rule will probably apply and they'll get the NYSE etc to bust the trades and rip off the humans who took advantage of the broken robots...we'll see.

http://www.youtube.com/watch?v=dOO9XxH5 ... _embedded#!


Edit, followup:
http://www.zerohedge.com/news/nyse-canc ... ll-balance
Looks like they are going to bust only a few trades and throw Knight under the bus for the rest. Interesting. Justice? How could that be?
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Re: The daily link

Postby Doug Coulter » Thu Aug 02, 2012 2:04 pm

The secret, of course, is that both are poisoned.
http://www.youtube.com/watch?v=E2y40U2L ... e=youtu.be

A real catfight between Bill Gross and Siegel...saw the video this AM on bberg, it was hilarious, and Bill can really deliver the great insults while appearing completely calm and polite.
http://www.bloomberg.com/news/2012-08-0 ... sting.html
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Re: The daily link

Postby Doug Coulter » Tue Aug 21, 2012 8:42 pm

I saw this happen in real time today, and it scared me off shorting aapl as I'd planned. When that "not so invisible hand" jumps in with an unlimited amount of money to move something, it's time to "don't fight the fed" or whoever it was.
http://www.zerohedge.com/news/catching- ... vix-action
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Re: The daily link

Postby Doug Coulter » Fri Aug 24, 2012 4:23 pm

I stole this from ZeroHedge, because it's too good and too timeless to not get a copy of here. Pretty much sums up why I'm anti-politics.

The past several weeks have made one thing crystal-clear: Our country faces unmitigated disaster if the Other Side wins.

No reasonably intelligent person can deny this. All you have to do is look at the way the Other Side has been running its campaign. Instead of focusing on the big issues that are important to the American People, it has fired a relentlessly negative barrage of distortions, misrepresentations, and flat-out lies.

Just look at the Other Side’s latest commercial, which take a perfectly reasonable statement by the candidate for My Side completely out of context to make it seem as if he is saying something nefarious. This just shows you how desperate the Other Side is and how willing it is to mislead the American People.

The Other Side also has been hammering away at My Side to release certain documents that have nothing to do with anything, and making all sorts of outrageous accusations about what might be in them. Meanwhile, the Other Side has stonewalled perfectly reasonable requests to release its own documents that would expose some very embarrassing details if anybody ever found out what was in them. This just shows you what a bunch of hypocrites they are.

Naturally, the media won’t report any of this. Major newspapers and cable networks jump all over anything they think will make My Side look bad. Yet they completely ignore critically important and incredibly relevant information that would be devastating to the Other Side if it could ever be verified.

I will admit the candidates for My Side do make occasional blunders. These usually happen at the end of exhausting 19-hour days and are perfectly understandable. Our leaders are only human, after all. Nevertheless, the Other Side inevitably makes a big fat deal out of these trivial gaffes, while completely ignoring its own candidates’ incredibly thoughtless and stupid remarks – remarks that reveal the Other Side’s true nature, which is genuinely frightening.

My Side has produced a visionary program that will get the economy moving, put the American People back to work, strengthen national security, return fiscal integrity to Washington, and restore our standing in the international community. What does the Other Side have to offer? Nothing but the same old disproven, discredited policies that got us into our current mess in the first place.

Don’t take my word for it, though. I recently read about an analysis by an independent, nonpartisan organization that supports My Side. It proves beyond the shadow of a doubt that everything I have been saying about the Other Side was true all along. Of course, the Other Side refuses to acknowledge any of this. It is too busy cranking out so-called studies by so-called experts who are actually nothing but partisan hacks. This just shows you that the Other Side lives in its own little echo chamber and refuses to listen to anyone who has not already drunk its Kool-Aid.

Let’s face it: The Other Side is held hostage by a radical, failed ideology. I have been doing some research on the Internet, and I have learned this ideology was developed by a very obscure but nonetheless profoundly influential writer with a strange-sounding name who enjoyed brief celebrity several decades ago. If you look carefully, you can trace nearly all the Other Side’s policies for the past half-century back to the writings of this one person.

To be sure, the Other Side also has been influenced by its powerful supporters. These include a reclusive billionaire who has funded a number of organizations far outside the political mainstream; several politicians who have said outrageous things over the years; and an alarmingly large number of completely clueless ordinary Americans who are being used as tools and don’t even know it.

These people are really pathetic, too. The other day I saw a YouTube video in which My Side sent an investigator and a cameraman to a rally being held by the Other Side, where the investigator proceeded to ask some real zingers. It was hilarious! First off, the people at the rally wore T-shirts with all kinds of lame messages that they actually thought were really clever. Plus, many of the people who were interviewed were overweight, sweaty, flushed, and generally not very attractive. But what was really funny was how stupid they were. There is no way anyone could watch that video and not come away convinced the people on My Side are smarter, and that My Side is therefore right about everything.

Besides, it’s clear that the people on the Other Side are driven by mindless anger – unlike My Side, which is filled with passionate idealism and righteous indignation. That indignation, I hasten to add, is entirely justified. I have read several articles in publications that support My Side that expose what a truly dangerous group the Other Side is, and how thoroughly committed it is to imposing its radical, failed agenda on the rest of us.

That is why I believe 2012 is, without a doubt, the defining election of our lifetime. The difference between My Side and the Other Side could not be greater. That is why it absolutely must win on November 6.
Posting as just me, not as the forum owner. Everything I say is "in my opinion" and YMMV -- which should go for everyone without saying.
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Re: The daily link

Postby Doug Coulter » Fri Sep 14, 2012 5:29 pm

This guy is usually too bearish, but here he makes some great and salient points. Sorry, Bloomberg TV won't work if you've got adblock on, usually.
http://www.bloomberg.com/video/faber-sa ... 7HDRA.html
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Re: The daily link

Postby Doug Coulter » Tue Sep 18, 2012 2:03 pm

I truly hate having to report things like this about my own country.
20120918_fascist_0.png
From ZeroHedge
20120918_fascist_0.png (28.36 KiB) Viewed 1315 times

http://www.zerohedge.com/news/us-totali ... -provision

Were any other country doing this, our human rights activists would be agitating hard. Where are they now?
20120327_fascism_0.png
20120327_fascism_0.png (54.29 KiB) Viewed 1315 times


Really?
First we declare war on a technique old as the ages that will never stop being used by the weak against the strong, then this? Emergency war powers for an indefinite period.
Being in the middle of reading The rise and fall of the Third Reich...this is pretty doggone spooky stuff to see happening in my own country.
On top of that - IP and other "best law money can buy" are constantly being improved to lock the little guy down, for the benefit of the big guys.
This has really gotten out of control. I just don't see any real threat that justifies these kind of power grabs over us all, and the using of our constitution for toilet paper by our "law makers".
We'll just print money - a stealth tax on everyone. We'll deny me my tax rebate on the Volt because I didn't file returns for years I didn't make money and lived off savings, so kept no records.
We'll break our debt ceiling with impunity (have already this year) but not mention this in the news - because Tim Geithner can just steal from gov pension plans for a couple months till after the election, which if I understand right is also against the law. Yet we are supposed to follow laws that are classified so we can't even know what they are?

What the F happened to the land of the free and the home of the brave? I'm not seeing much of either around just now.
Posting as just me, not as the forum owner. Everything I say is "in my opinion" and YMMV -- which should go for everyone without saying.
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Re: The daily link

Postby Doug Coulter » Wed Sep 19, 2012 7:01 pm

Nothing truly new here, but short and sweet.
http://www.youtube.com/watch?v=2oHbwdNc ... r_embedded


He leaves out one step though - who owns the Fed (Or, ECB or....). Even they are just front men. And since all money from them is created as debt, there's not even a theoretical way to pay it all back...
Interesting, eh. Could that be why they ownership of the banks that make up the fed (and the names of the banks themselves) are an utter secret? Most don't know the fed is as federal as Fedex as is.
There's one born every minute...

Could this be why the Fed doesn't bail out the people that need it, but instead the banks (eg themselves), and then charge honest taxpayers the principal and interest for it?
Posting as just me, not as the forum owner. Everything I say is "in my opinion" and YMMV -- which should go for everyone without saying.
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