tag:blogger.com,1999:blog-34323687.post3103288744182611008..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Calculated StupidityMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-34323687.post-65979448644156350162012-11-01T16:46:08.900+00:002012-11-01T16:46:08.900+00:00Anyone feel passionate about the Yen (one way or t...Anyone feel passionate about the Yen (one way or the other) right about here?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-27433184727457177452012-10-26T02:31:24.240+01:002012-10-26T02:31:24.240+01:00Watching the market today ...it's just the sam...Watching the market today ...it's just the same monotonous end of day analysis of late which brings amps to his favorite indicator " FUCK YOU INDICATOR" it's signal has told him to take the rest of the year off..what is it saying <br /><br /><br />Fuck new york , fuck you banks....amplitudeinthehousenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-70362191293287753352012-10-25T22:42:57.667+01:002012-10-25T22:42:57.667+01:00DD,
Lots of ways to get to the same conclusion. I...DD,<br /><br />Lots of ways to get to the same conclusion. In my local disaster zone, I'd dedicate the proceeds of the tax to fund social security and then lower the retirement age a few years. Would get the spenders into the labour force and the hoarders out. Instead, they've decided to raise it to 67 years. Only benefits those that the luck of a birth date made into winners, much as the may whine about it.<br /><br />It's not just the 1 percent. It's a whole generation.Charles Butlerhttps://www.blogger.com/profile/00486529931043507880noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-64859330883526886492012-10-25T20:14:16.752+01:002012-10-25T20:14:16.752+01:00Charles, hence the point often made in this very p...Charles, hence the point often made in this very place: fiscal crackdown on assets to fund tax cuts for "activity". <br /><br />Obviously, and regardless of our earlier boomer debate, the largest (and growing) demo is longer and longer of assets and shorter and shorter activity (C would argue flat but the point remains). They're not voting themselves out of those hard earned paper gains so what then?Dee Dee Humbersidenoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-21155517322877872222012-10-25T19:04:13.613+01:002012-10-25T19:04:13.613+01:00I'm feeling a bit guilty now Polemic Paine (or...I'm feeling a bit guilty now Polemic Paine (or fellow 'twin'). <br /><br />I think Tinypic have it right. They do similar as you to screen out robots, but you can just key in any old rubbish and it works (as long as you are still logged in). Confuses the hell out of the bots who just give up. Alhttps://www.blogger.com/profile/14381013196081166483noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-90688658319986930632012-10-25T18:58:30.076+01:002012-10-25T18:58:30.076+01:00Why would anybody expect there to be returns? Ther...Why would anybody expect there to be returns? There's more money chasing yield than is being invested in the real economy. Tail can only wag dog for so long.<br /><br />The scary thought is that the marginal returns from the evolution of 19th century discoveries are approaching a very low number. (Apologies to iPhone gurus)Charles Butlerhttps://www.blogger.com/profile/00486529931043507880noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-25128231726875940012012-10-25T17:52:17.715+01:002012-10-25T17:52:17.715+01:00It's always hard to know what really big Real ...It's always hard to know what really big Real Money is doing, as they usually don't talk to media, or in the case of certain highly over-exposed prognosticators [e.g. Michael Gayed of Pension Partners], seem to reverse their positions approximately once every half hour. Perhaps he should be in an HFT shop.... LB has a severe case of Gayed fatigue. Please just STFU until after the election, or after DX actually moves by more than 0.5% in a day. Pass the duct tape, TMM....Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-12172758267815286822012-10-25T17:31:11.908+01:002012-10-25T17:31:11.908+01:00a related point. From my vantage, it seems the Hed...a related point. From my vantage, it seems the Hedge funds who have been hedging this year, as last year, are the ones getting killed. Lazy real money doing well. HFT is killing the hedgers!abee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-8543527284875324732012-10-25T17:19:03.905+01:002012-10-25T17:19:03.905+01:00LB sincerely wishes that the robots who write the ...LB sincerely wishes that the robots who write the screechy headlines for the financial media would just fall off the fiscal cliff today....<br /><br />In truth we are probably going to have a series of endless Mr Whippy days like today where DX runs up and down between 80.05 and 79.70 (with associated market moves) until the bloody election is finally over.....Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-33164538782652625242012-10-25T15:35:01.475+01:002012-10-25T15:35:01.475+01:00C Says'
HFT is irrelevant. The tech hedge like...C Says'<br />HFT is irrelevant. The tech hedge like all such hedges only exists until it is arbed itself by the increasing numbers using it. They then eat each other.<br />It's no accident that many large hedge funds have gone from outperform to the opposite as more, and more hedge funds came into existence. This is the very nature of how commercial opportunities arise,get exploited and then get nullified.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45235165784412677902012-10-25T15:31:04.168+01:002012-10-25T15:31:04.168+01:00That second paragraph was pure Douglas Adams - mar...That second paragraph was pure Douglas Adams - marvellous Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66646959686089521262012-10-25T15:12:24.413+01:002012-10-25T15:12:24.413+01:00"...but now one has to squint through reading..."...but now one has to squint through reading glasses at a blurry picture of someone's door number and then untangle a ball of string to pick out the letters of a word that isn't a word..."<br /><br />Loved the imagery such as the above. Thanks for that; first time I have actually laughed out loud in front of my computer screen in a while.<br /><br />MC<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-70548143590919976672012-10-25T14:42:06.072+01:002012-10-25T14:42:06.072+01:00as a reformed scalper my experiences with HF tradi...as a reformed scalper my experiences with HF trading are jaded and the games that are played intra day and with for those players/fund where large orders need to be filled are real, but for the average investor I dont think HFT really does much harm<br /><br />The real problem is intertwined with the speed of newsflow, information, fast money and volatility. <br /><br />Here is an example of the broader problem I see. The markets have this tendency to have very low vol and then regime change switch into high vol very quickly. In those switching periods, people get run over really quick and therefore once they happen many just stay away, waiting for some signal. The algo's then take over (or do as they are supposed to do and push the market to the extreme) and b/c PIN, even less are willing to don the kevlar. <br /><br />Even though we joke about PIN, in the real world there are stop losses and people do re-evaluate their opinions when prices are 25% lower than their purchase price in 2 weeks. Maybe I did miss something?<br /><br />it is what it is and its not going back anytime soon. but the loser in all of this I think is fast money. Not content to eat the lunch of the pensions and slow mutual funds, they are now cannibalising themselves. <br /><br />btw, keep up the great work TMM, always a pleasure to readabee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-3917973844757941402012-10-25T14:25:43.643+01:002012-10-25T14:25:43.643+01:00"TMM simplistically think that if algos are c..."TMM simplistically think that if algos are causing distortions in markets that move prices to places they really shouldn't be on your own measure of value, then you should celebrate the opportunity they give you (even in flash crashes) not curse them."<br /><br />Could I cross-out 'algos' and insert 'central banks' - or would that lead to banishment in the purgatory that is Zero Hedge?SteveHnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-9061688611587507782012-10-25T14:08:51.234+01:002012-10-25T14:08:51.234+01:00turnkey rentalSlowly, but surely, the foreclosure ... <a rel="nofollow">turnkey rental</a>Slowly, but surely, the foreclosure crisis seems to be abating <a rel="nofollow"> rental properties</a> .cmamunsultanpur3https://www.blogger.com/profile/05573879583938144564noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66678795663019904632012-10-25T14:00:20.666+01:002012-10-25T14:00:20.666+01:00From what I hear high frequency is not that high a...From what I hear high frequency is not that high anymore, holding period in FX is increasing form fractions of a second to tens of minutes. The whole idea of algorithm trading is overblown by people who just don't understand how it works and are justifiably scared to be extinct in a few years / decades. It would be curious to see EU and the rest of the world budget proposals to be back tested by algorithms. NickAnonymousnoreply@blogger.com