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Guest Post: Shining A Light On Expert Networks

Tyler Durden's picture





 

Submitted by reader Hedgehod's Repent

 

 


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Sun, 08/16/2009 - 21:45 | Link to Comment Anonymous
Sun, 08/16/2009 - 21:51 | Link to Comment . . .
. . .'s picture

Tyler,

What is the command to insert a picture into your posts?  I tried using the html command <img src="url"> and it didn't work.

Sun, 08/16/2009 - 21:59 | Link to Comment . . .
. . .'s picture

F being a contributor.  I'm here to avoid responsibility, not get more of it.

Sun, 08/16/2009 - 22:10 | Link to Comment wheaties
wheaties's picture

Wow, I didn't even know these existed.  Where do I sign up as an average investor?  Surely the money could easily be recouped with such priveledged information.  This is sick but you have to admit it.  Give Wallstreet a legal loop hole and they'll capitalise.  Sheesh.

Mon, 08/17/2009 - 12:14 | Link to Comment asdfg (not verified)
Sun, 08/16/2009 - 22:20 | Link to Comment Anonymous
Sun, 08/16/2009 - 22:21 | Link to Comment ShankyS
ShankyS's picture

Excellent letter. Makes you wonder just how many under ground railroads there are to Wall St.? Spitzer suffered the consequences of getting too close to the mob. I sense Cuomo has to tread lightly and he knows it. Unfortunately he will not jeopardize his higher aspirations IMO. Remember it is all about personal goals and not the greater good.

Sun, 08/16/2009 - 23:03 | Link to Comment Milton
Milton's picture

If Michael Vick can make a come back there's hope for Spitzer.

Sun, 08/16/2009 - 23:27 | Link to Comment lizzy36
lizzy36's picture

Andy,

Perhaps Spitzer suffered the consequences of his own hypocrisy?

Alas,sex, money and power have always and will always be merry bed-mates. 

I wouldn't count Spitzer out.  Especially in the current enviroment.

Mon, 08/17/2009 - 00:12 | Link to Comment lizzy36
lizzy36's picture

When you witness, or are subjected to, events that you only ever conceived of in theory you end up changed and less sure of everything(at least i do).

Now, i find it harder to think in terms of left and right because i can't properly define either.  I also, cannot tell the difference of either in practice. 

Maybe the search for meaning is more important than the meaning itself? But i am a true dork, and spend to much time thinking about these matters.....

Mon, 08/17/2009 - 01:01 | Link to Comment lizzy36
lizzy36's picture

I love the phrase, "it is business not personal" which in the financial world is the green light for strip clubs, lap dances, hookers and blow. I am of course being facetious about the love part.

In my experience being a law professor in this context means nothing, as far as doing the right  thing.  Especially if it comes at the cost of business (which after all is the ONLY thing that matters).  As for running away, i don't know.  For some the least path of resistance is their chosen course. 

Notwithstanding, anything i just said, i think the whole situation perfectly frustrating.  Nobody doing anything and everyone pretending it didn't happen.  Apathy...

I am sure it will continue as well (why wouldn't it, the perpetrator suffered no consequences).  And it doesn't just go on in midtown.  But the fact that you speak out about it is a small strike at apathy....

Good night Andy!

Mon, 08/17/2009 - 00:50 | Link to Comment Miles Kendig
Miles Kendig's picture

Contemplation is the wellspring of creative genius.

Enjoy the gift Lizzy!

Mon, 08/17/2009 - 00:52 | Link to Comment agrotera
agrotera's picture

Lizzy--it is a gift to be a person who concerns herself with "ideas".

Mon, 08/17/2009 - 01:55 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

+10, and absolutely agree. keep it up lizzy

Mon, 08/17/2009 - 02:07 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

no dude, just got home LOL ... think i overdid tonight ... what time is it there. 2am right ?

Mon, 08/17/2009 - 02:21 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

good luck man i hope you find some more. we got shitfaced last night and went dynamite-fishing with the locals. maybe THE best experience i had in my life.

Mon, 08/17/2009 - 02:59 | Link to Comment agrotera
agrotera's picture

these "flaggers" must have no sense of humor, and no curiosity...that sounds like hell to me!

Mon, 08/17/2009 - 05:03 | Link to Comment agrotera
agrotera's picture

You two are killing me...thanks for the laughs! 

 

Mon, 08/17/2009 - 02:27 | Link to Comment Hephasteus
Hephasteus's picture

Small cap. Like what IBM or Intel. Oh sorry wrong year. That's next year.

Sun, 08/16/2009 - 22:28 | Link to Comment . . .
. . .'s picture

You want teeth to bite the bankers, feed information to the plaintiff bar.  A hungry plaintiff lawyer will be happy as a pig in sh*t suing banks for a peice of the settlement or judgment.

Mon, 08/17/2009 - 08:52 | Link to Comment Sqworl
Sqworl's picture

Problem with Plaintiff Bar is that it needs to be Class action.  Results, they get 40% and after expenses, distribution is a lunch coupon for the NYSE cafeteria!

Individual investors lose at FINRA...

Sun, 08/16/2009 - 22:56 | Link to Comment hohack
hohack's picture

marla/td,

some music please.

Sun, 08/16/2009 - 23:24 | Link to Comment Anonymous
Sun, 08/16/2009 - 23:38 | Link to Comment Anonymous
Mon, 08/17/2009 - 12:14 | Link to Comment asdfg (not verified)
Sun, 08/16/2009 - 23:46 | Link to Comment Anonymous
Sun, 08/16/2009 - 23:52 | Link to Comment JohnKing
JohnKing's picture

Flash trading can't be called "front running" and now expert networks can't be called called "insider trading". Membership does have its privileges.

Mon, 08/17/2009 - 00:13 | Link to Comment Anonymous
Mon, 08/17/2009 - 00:19 | Link to Comment bluelou
bluelou's picture

I used to work in hedge fund of funds. Some of the health care and tech hedge funds that we were invested in used "consultants" such as GLG and said that they thought that GLG could put you in touch with corporate insiders who would give inside info. The funds that we were invested in said that they were careful not to ask for what they thought would be inside info and we could only take their word for it.

 

Personally, after speaking to several GLG clients my impression is that GLG is a willfully blind "information launderer". That is, they arrange the meetings where the exchange of inside info is likely to take place but they deliberately avoid monitoring what is said in the meetings.

Mon, 08/17/2009 - 00:24 | Link to Comment Anonymous
Mon, 08/17/2009 - 00:55 | Link to Comment agrotera
agrotera's picture

More details about our country, the banana republic of Gotham City.

Mon, 08/17/2009 - 01:37 | Link to Comment Hephasteus
Hephasteus's picture

Not to worry. We are quickly approaching the golden age where computers will be able to judge us and keep us in check.

http://www.youtube.com/watch?v=_jvqPvDUEW8

Mon, 08/17/2009 - 02:41 | Link to Comment Anonymous
Mon, 08/17/2009 - 04:02 | Link to Comment Comrade de Chaos
Comrade de Chaos's picture

All eyes on China, it's about to ... 

-12 in past 14 days and another -4 %+ today.

duck & cover, Round 2. 

Mon, 08/17/2009 - 05:09 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

King ( from British Central Bank ) just decided to devalue the pound ( it this even news for you FX traders or a known fact ? ). If you ask me why, i don't know; and if someone here could give me a cause for this action, i would really appreciate it. Thanks. Oh, and I'm pretty sure it has nothing to do with increasing production and exports ( they have no industry  left )

http://www.bloomberg.com/apps/news?pid=20601087&sid=aY.WFW.AgaVY ( the story is to follow, i have just post the link for validation )

 

and so it beggins  http://www.forexrate.co.uk/charts/gbpusd.php  just look at that fall

Mon, 08/17/2009 - 06:43 | Link to Comment whacked
whacked's picture

Is TD still negative on USD?

 

Disconnect between JPN and USD would be fun.

 

 

Mon, 08/17/2009 - 06:48 | Link to Comment Cheeky Bastard
Cheeky Bastard's picture

i have no idea man; haven't seen articles about USD in a while from TD, but RoboTrader did some excellent analysis a couple of days ago; and Travis/Cornelius/Narrator has a piece on the front page about currencies. I'm negative on USD on the long term, but totally not interested in it in the short term.

Mon, 08/17/2009 - 04:27 | Link to Comment Anonymous
Mon, 08/17/2009 - 04:51 | Link to Comment e1even1
e1even1's picture

when was the playing field ever level? when was corruption not endemic? fyi, utopia syndrome is a pathology. just so you know.

expert networks are just sucker bait anyway. trading on expert or inside info is extremely risky. better to just let price tell you which way it's going. that's reliable. then take the insiders for a ride.

Mon, 08/17/2009 - 08:19 | Link to Comment zeropointfield (not verified)
Mon, 08/17/2009 - 14:11 | Link to Comment Anonymous
Mon, 08/17/2009 - 23:27 | Link to Comment Anonymous
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