The news gets worse but the market doesn’t. Markets are efficient my arse…..all that matters is price. Personal disclaimer my system will go long the IBEX on a break above 6770

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Junk Mail

One of the more persistent pieces of spam to fill my inbox is those little gems that relate to people or software’s ability to predict the market. I suppose this is the joy of having an email address that has the word trading in it. They generally start their pitch with something along the lines…

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Dave Barry Quote

I was cleaning out some old presentations when I came across this oldie but a goodie. Q: Why didn’t Wall Street realise that Enron was a fraud? A: Because Wall Street relies on stock analysts. These are people who do research on companies and then, no matter what they find, even if the company has…

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S&P500 Futures

Following on from chart last night – Which showed a nice little gap up, this is how the market finished up. You can see the open at 1336, with a high of 1336.50 and then the drop away. A nasty little day for those looking for anything positive.

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The main Spanish index the IBEX had rallied last week and in the early morning session looked at if that rally would continue with the market nudging 7000. However, this rally soon collapsed as shown below. The market quickly went from a euphoric opening gain to close down 35. This seems to sum up the…

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Flash Crash And Other Cock Ups

A little piece that looks at the impact of HFT . It doesn’t add anything new other than offering a more personal narrative. Although the book by the author Scott Patterson might be interesting to drop onto the tablet. As a counterpoint this article places the blame for the Facebook debacle squarely on the shoulders…

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This Is Interesting

This is an intra day chart of the electronic session  S&P500. The true market is not open yet but this is indicative of how the market might open. It is interesting to see a gap.  

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I am a dedicated user of Amazon. I have found the lure of an Aussie at/above parity, an enormous selection and not having to deal with local half waits who should have been drowned at birth too much to resist. However, even I was staggered by some of these numbers. Source

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Euro 2012

Apparently, Euro 2012 is this year. You know that sport where massively over paid prima donnas go down at the slightest touch only to make a Lazurus like recovery. As opposed to athletes who are paid less but seem to be more resilient. In an attempt to avoid a drop in stock market trading volume…

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Michael Geismers $710,000 Blackjack Breakfast

I have just finished reading about Michael Geismer in Hedge Fund Wizards (I’m still not overly enamoured with the book) and nothing in it so far has convinced me that hedge funds are not run for their managers. Take Geismers fund – it apparently returns 12% on average of which he trousers 30%. Consider this…

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