tag:blogger.com,1999:blog-34323687.post3858638826228458742..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: The state of the financial labour marketMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger41125tag:blogger.com,1999:blog-34323687.post-88214205317667217762015-04-01T05:28:27.152+01:002015-04-01T05:28:27.152+01:00http://www.bloomberg.com/news/articles/2015-03-31/...http://www.bloomberg.com/news/articles/2015-03-31/sell-your-equities-and-take-six-months-off-says-saxo-economist<br /><br />Steen Jakobsen, Saxo Bank A/S’s chief economist:<br /><br />Investors should sell any equities bought over the past year, hold the proceeds as cash and take a holiday from the market for six months.<br /><br />“If nothing else, reduce your stock portfolio to where it was on the first of January last year, put the money into cash and take a nice long summer holiday,” said Jakobsen, 50, also chief investment officer at the Danish lender. “You won’t make any money, but you lose all the downside risk.”<br /><br />A likely increase in U.S. interest rates will intensify market volatility and threatens to wipe out any gains investors may have made in the past two years, Jakobsen said in a March 29 interview in Dubai. Slower expansion in the economies of the U.S. and China will also hurt investors holding stocks, said Jakobsen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51185845570803432452015-03-31T23:09:42.889+01:002015-03-31T23:09:42.889+01:00Apparently Soros' former girlfriend, a 28 year...Apparently Soros' former girlfriend, a 28 year old soap opera actress in Brazil, is suing him for $50 million. <br /><br />Love is blind ;-)<br /><br />-- WhammerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66453447880855681832015-03-31T22:54:14.753+01:002015-03-31T22:54:14.753+01:00Soros' wife is as scary as Murdoch's
what...Soros' wife is as scary as Murdoch's<br /><br />what's the deal with them Asian social climbers marrying crotchety billionaires twice their ageNicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-30864031198909777992015-03-31T22:32:58.510+01:002015-03-31T22:32:58.510+01:00Three articles about number of trading accounts in...Three articles about number of trading accounts in China:<br /><br />May-2007: <a href="http://www.atimes.com/atimes/China_Business/IE09Cb01.html" rel="nofollow">China's masses rise up and buy stocks</a> <i>"Indeed, as the Shanghai and Shenzhen stock markets keep rising, more and more Chinese citizens join the army of speculators. On April 26, some 325,000 new investor accounts were opened on the single day, pushing the total number to 92.5 million.</i><br /><br />August-2012:<a href="http://www.bloomberg.com/news/articles/2012-08-14/china-bear-market-lures-record-foreign-bids-as-locals-pull-funds" rel="nofollow">China’s Bear Market Lures Foreign Bids as Locals Pull Funds</a> <i>"While overseas firms were granted $6.9 billion of quotas to purchase mainland securities since December, more than in any full year since the government program began, the number of Chinese stock accounts containing funds dropped by 788,000 to 56.3 million in the year to Aug. 3, the most for a 12-month period. A record 110 million are empty or frozen, according to regulatory data compiled by Bloomberg."</i><br /><br /><a href="http://www.bloomberg.com/news/articles/2015-03-31/china-s-investors-open-record-trading-accounts-amid-stock-rally" rel="nofollow">China’s Investors Open Record Trading Accounts Amid Stock Rally</a> <i>"Mainland traders opened 1.67 million accounts in the week ended Mar. 27, rising from 1.14 million a week earlier, which was also an all-time high, according to data from China Securities Depository and Clearing Co.’s website."</i>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-46440982941254003462015-03-31T22:14:06.503+01:002015-03-31T22:14:06.503+01:00@LB, you know things are bad when the proletarians...@LB, you know things are bad when the proletarians are screaming at each other about how "your evil billionaire is worse than mine"...<br /><br />- WhammerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-80913474911485282682015-03-31T21:56:09.552+01:002015-03-31T21:56:09.552+01:00So many commentators on fire lately! You are very ...So many commentators on fire lately! You are very much appreciated. But surprised not more mentions about the Bernanke-blogger, or PCBI, Peak Central Banking Indicator. <br /><br />Is this it? some derivative peak?mcrnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-17320770664994922712015-03-31T21:20:13.121+01:002015-03-31T21:20:13.121+01:00@LB
FT:
I hear u, but keep cool; I very much dou...@LB<br /><br />FT:<br /><br />I hear u, but keep cool; I very much doubt those "evil" trolls have found any true form of happiness;Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-25203390602162322942015-03-31T18:48:41.596+01:002015-03-31T18:48:41.596+01:00The point is we are all tired of living under prox...The point is we are all tired of living under proxy rule of the Koch Brothers, Soros, and all the unelected oligarchs and organized crime figures sometimes described as "hedge fund titans", who exert undue influence in this country and a lot of others. Enough.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-62789032891974843842015-03-31T18:40:31.964+01:002015-03-31T18:40:31.964+01:00Apologies for the language, MM, but he is an odiou...Apologies for the language, MM, but he is an odious old toad, and sometimes you have to tell it like it is..Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-84522353756865944922015-03-31T18:38:01.239+01:002015-03-31T18:38:01.239+01:00Yawn, Soros is apparently long Ukrainian assets an...Yawn, Soros is apparently long Ukrainian assets and short Greek assets, and wants Europe to ditch the poor Greeks in order to save the brave (if somewhat neo-Nazi) Ukies from the Russian bear:<br /><br /><a href="http://www.marketwatch.com/story/europe-ditches-ukraine-as-it-seeks-to-save-greece-2015-03-31" rel="nofollow"> Soros Hearts Ukraine, Hates on Greece </a><br /><br />Look, George, if you are reading this, just piss off. Nobody in the US elected you, and nobody elected Nuland, and nobody gives a toss about supporting a dodgy puppet government in Kiev, or Yemen for that matter. Just go back to Hungary, retire or die. <br /><br />You are a nasty old lizard and we want you to just fuck off. Everyone is tired of your attempts to buy off politicians and break currencies, and everyone knows that you don't do much good in this world and that you have done plenty of evil.<br /><br />Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-10963470396091440482015-03-31T17:01:26.354+01:002015-03-31T17:01:26.354+01:00re coding .. How can anyone every doubt its value ...re coding .. How can anyone every doubt its value when today Google invalid the PACMAN layer on google maps. <br /><br />Here's canary wharf but you can play on most places. <br /><br />https://www.google.co.uk/maps/@51.5050096,-0.0212717,18z/data=!1e3 <br /><br />awesome<br />Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-78714452624880572952015-03-31T16:53:17.133+01:002015-03-31T16:53:17.133+01:00Three small observations:
1) Nobody (not even LB)...Three small observations:<br /><br />1) Nobody (not even LB) seems to think that the Feb high was THE TOP. As a sentiment measure, that, in and of itself, is interesting.<br /><br />2) Second derivative of margin debt is strongly -ve at the moment. That has been a useful leading indicator in the past.<br /><br />3) The number of punters who have bothered to develop even half a decent game plan for a sharp reversal of the long [USD, SPY, UST] trade is very very small indeed.<br /><br />It was hard to stay short QQQ yesterday but we did. AAPL has been weak and if this market has had a leader on the way up, then surely AAPL is it. For now we are short QQQ and long VGK, as we still think the baton is handed off to Europe soon.<br /><br />FX correlations have been all over the place the last two weeks or so, and when correlations start to break down there is usually a big sea change in the weather not far behind. When you see some really smart people like Dalio accumulating cash it makes you wonder what's coming.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-11344610676838031072015-03-31T16:46:22.976+01:002015-03-31T16:46:22.976+01:00If your portfolio manager in 2000 and 2008 had bee...If your portfolio manager in 2000 and 2008 had been an algorithm programmed to JBTFD, then you would have been cleaning out your desk within a month or so of the bear market beginning.<br /><br />We seem to be at peak compliance, peak coding, peak algo, peak HFT. Nothing lasts for ever, although it does sometimes seem that way.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-91129155857549692662015-03-31T15:44:35.902+01:002015-03-31T15:44:35.902+01:00on biotech, me thinks we are closer to Nasdaq 1995...on biotech, me thinks we are closer to Nasdaq 1995 rather than 1999. <br /><br />The science part is real, and a lot more generalist/retail flows can come into the space. Forward earnings are reasonable for large cap firms. PEG ratios better than S&P and margins are crazy high. whats not to love (except that fact that all those should eventually mean revert)<br /><br />It it a bubble now, for sure, but that doesnt mean it will pop just yetabee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-48220266277840836002015-03-31T11:28:16.438+01:002015-03-31T11:28:16.438+01:00@ Mr T
FT:
The problem with bubbles is that they...@ Mr T<br /><br />FT:<br /><br />The problem with bubbles is that they are.....bubbles<br />Remember 1999 to 03/2000...some have paid (me included) to learn that when rationality is not part of the analyticalframework, anything can happen (NDX PER >150)<br />The only way to play it, in my opinion, is to wait to get bearish on equities in general and then short the crazy valuations as they will suffer the most;Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-62834202751773996182015-03-31T07:11:26.987+01:002015-03-31T07:11:26.987+01:00This comment has been removed by the author.TheBondStrategisthttps://www.blogger.com/profile/15654760354283741885noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-88789317510872736532015-03-31T01:41:04.278+01:002015-03-31T01:41:04.278+01:00OK. I'm convinced. Started my 18 month old on ...OK. I'm convinced. Started my 18 month old on Lightbot. <br /><br />http://lightbot.com/<br /><br />https://youtu.be/BEUi8f34aNE<br /><br />BTW, IBB is now in full distribution mode<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-38331231871812982862015-03-30T23:24:59.733+01:002015-03-30T23:24:59.733+01:00Take a closer look at the jobs for "Portfolio...Take a closer look at the jobs for "Portfolio Managers" in the same way that a multitude of dreary back office type jobs appended the word "risk" to the title to make it sound more interesting, now one can be a Portfolio Manager running a diverse and complex group of photocopiers Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-13772137218675305372015-03-30T23:23:01.455+01:002015-03-30T23:23:01.455+01:00Talking about mkts everyday is the same...
bad eco...Talking about mkts everyday is the same...<br />bad economic data or low inflation... CBs cut rates or promise easing or people bet on that... financial assets rise... commodities fall.. <br />if data are positive... QE works and you have to continue it... if data are negative you need more... <br />if there's is a 3% dip: buy a lot...<br />M&A usually is 40% up for target and 10& up for buyer: win-win<br /><br />about biotech: i opened a website names www.lalabiotech.com; two hours later i received 3 offer starting from 3 millions USD! (it' a joke!) but we're near to thatTheBondStrategisthttps://www.blogger.com/profile/15654760354283741885noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-66418972443657184422015-03-30T23:19:56.099+01:002015-03-30T23:19:56.099+01:00@washedup - Yep. However as the pullbacks (and thu...@washedup - Yep. However as the pullbacks (and thus my positions) have been relatively small I have yet to join the Cristal sipping, gold-plated iPad crowd ;-)FunnyMoneynoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-49996427236554653312015-03-30T23:10:03.960+01:002015-03-30T23:10:03.960+01:00@abee: i'm a tech passionate, like hardware an...@abee: i'm a tech passionate, like hardware and know something about IT, database etc...<br /><br />it's also useful to understand how a software is programmed, well ok...<br /><br />but BEFORE it's fundamental to have a GOOD Knowledge of Excel and maybe some basic VBA programming..<br /><br />C++?????? Please tell me why do i have to know this and to make which use? what do you have to code that's not available with most popular software???? <br /><br />Today's workers have to understand how a software works (it's not a wizard) theorically and to use most part of its functions (Excel for example is very powerful... add Access also)..maybe to create some macro. Stop! then you have programmers and nerds. <br /><br />All these quant traders & co what do have to code?? When i worked on trading systems i programmed with Tradestation...TheBondStrategisthttps://www.blogger.com/profile/15654760354283741885noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23773571479484658502015-03-30T23:01:54.835+01:002015-03-30T23:01:54.835+01:00FM - you back into equity length? looks like more ...FM - you back into equity length? looks like more of the same so far - buy the 3-4% dip from the all time high, rinse and repeat..washedupnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-5383209452135771832015-03-30T22:44:12.736+01:002015-03-30T22:44:12.736+01:00I disagree with most here. Unless you're a C++...I disagree with most here. Unless you're a C++/Java guru, or able to architect Big Data Analytics in your sleep, your IT skills are largely meaningless. Harsh, but true.<br /><br />For all the institutional post-GFC changes, finance is still where it's at IMO. Today's bid in USD/stocks (courtesy of the BOJ) is our weekly reminder that the cup of unending funny-money doth runneth over. Thus I assume that those running risk are currently snorting coke off the bodies of naked strippers, whilst sipping Cristal & reading Dr Bernanke's (new) blog on their gold-plated iPad airs. Oh, and please do thank compliance for okaying the BYOD (bring your own device) policy on tablet computers.FunnyMoneynoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-58487099397497217202015-03-30T22:26:19.279+01:002015-03-30T22:26:19.279+01:00Maybe under this over-compliance world, we should ...Maybe under this over-compliance world, we should long accounting and consulting firms. Their businesses must be booming. <br /><br />farmerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-85675834704124762482015-03-30T22:02:57.661+01:002015-03-30T22:02:57.661+01:00Regulators complicit in illegal HFT?:
http://www.n...Regulators complicit in illegal HFT?:<br />http://www.nanex.net/aqck2/4022.htmlAnonymousnoreply@blogger.com