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Fat Tails

Tyler Durden's picture




 

A look at the SPY VWAP since the FOMC announcement. Just a slightly abnormal distribution.

 

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Fri, 09/25/2009 - 17:32 | 80032 Anonymous
Anonymous's picture

* Georgian Bank to cost FDIC insurance fund $892 million

* Bank catered to rich, featured on-staff chef

WASHINGTON, Sept 25 (Reuters) - Regulators on Friday closed Georgian Bank in Atlanta, marking the 95th U.S. bank to fail this year and another sizable hit to the federal insurance fund used to safeguard bank deposits.

Fri, 09/25/2009 - 19:43 | 80123 Anonymous
Anonymous's picture

48% loss severity on a bank that only had a 50-something texas ratio last quarter. Something's not kosher.

Fri, 09/25/2009 - 20:50 | 80168 Hephasteus
Hephasteus's picture

I don't know if you've been keeping up with current events. But banks are NOT closing down any more. They have gone to just a few closings every weekend.

Which begs the question. What FDIC insurance fund?

This is scary as hell to me. If there were 8 closings this weekend i'd sleep better. but this is SCREAMING bank holiday.

Fri, 09/25/2009 - 17:38 | 80033 Anonymous
Anonymous's picture

Since when prices follow a normal distribution ?

Sat, 09/26/2009 - 10:49 | 80382 Rama V
Rama V's picture

When pricing is normal.

Fri, 09/25/2009 - 19:52 | 80131 TumblingDice
TumblingDice's picture

The Oct 14 support of 1044 has to be defended. Otherwise, its bad mojo.

Fri, 09/25/2009 - 20:11 | 80147 Hephasteus
Hephasteus's picture

Still making people pay the highest price or close to it.

Fri, 09/25/2009 - 20:39 | 80165 BM (not verified)
BM's picture

1 sigma = fat tails

)))

Sat, 09/26/2009 - 00:00 | 80266 crzyhun
crzyhun's picture

Good chart. I prefer a week chart, that maybe a tell.

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