Normal Markets

Whilst I was away at the weekend this bounced into my inbox for comment (I don’t know the original source) SPZ s rallied 13.75% from the pre-NYSE open low on October 4 to October 12 high. Normal markets do not rally almost 14% in 6 sessions. Normal buyers do not behave this way. Volume was lacking…

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Benfords Law

In chatting about Greece and its systematic dishonesty I made reference to this post by Tim Harford. It talks about the intriguing Benfords Law which according to wikipedia is …….also called the first-digit law, states that in lists of numbers from many (but not all) real-life sources of data, the leading digit is distributed in a specific,…

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Hedge Fund Wreckage

From Bloomberg Of course, the most visible big loser this year is John Paulson. For example, through September 27, Paulson Advantage Fund was down 6 percent for the month and more than 28 percent for the year, while Paulson Advantage Plus, which takes on additional leverage, is presumably down even more. Paulson International Fund was…

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This Wont Work

Whilst it does not qualify for email of the week status an email received last week at blog central does provide an interesting talking point. The gist of the email was that this individual had $40,000 to trade, was risking $600 per trade in the hope of making $250. So I am risking $600 to…

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Trading Expo

Just back from a visit to the latest trading expo and I have some observations not necessarily in any order of importance. 1. Scrubbers are in – content is out. There were no shortage of stands for people I had never heard of whose main way of attracting attention was to have tarts with big…

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