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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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.

Anonymous's picture

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

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.

Anonymous's picture

Since when prices follow a normal distribution ?

Rama V's picture

When pricing is normal.

TumblingDice's picture

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

Hephasteus's picture

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

BM's picture
BM (not verified) Sep 25, 2009 8:39 PM

1 sigma = fat tails


crzyhun's picture

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