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how do i join this club?
and where is the hamptons?
Same way as usual: write the question test yourself.
Take example, never hand down a perfect test. A 100 pc record draws suspicion. Always stage a few mistakes here and there as an evidence you dont cheat. Because a cheater would have it fully right, right? Especially if he is a greedy cheater.
It's good to be the King. Or to at least buy the King.
"In life, we are Kings or Pawns." I guess we know who is which.
The World is Saved - No loss Everyday - Collusion of the Oligarchy Continues
I would like to know just who the FUCK is losing...besides me, that is.
And that's the point. Very few are "losing" including all those who have money in 401(k)s, IRAs, variable annuities etc. Consider this. When playing Monopoly, did you ever refuse the "Bank error in your favor" card? As long as the "middle class" is dealt into the Ponzi and the quarterly statements go higher, no one is going to make much of a fuss about this.
Fact of life Jack. The people are corrupt so why are we expecting the leaders to be different?
Ah yes, Catherine Austin-Fitts' "Red Button" scenario.
because people are stupid?
Yep. Rule #1 is to make the mark think he's conning you.
Wow, alot of home runs being hit here..Kinda reminds me back when I was watching the famous home run chases..With the likes of Bonds and Sosa and Maquire,wait a minute, Maquires keep showing up..You dont think they may be on the roids do ya? Or is all these numbers legit..
I have pretty much given up any hope of ever seeing change.Today I wrote my Senator Mark Udall pertaining to his Neah vote on the Vitter bill which Im sure was a waste of my time.Everything is corrupt in this country and suppose its time to just accept it.Lie cheat and steal is obviously the American Way.
Yes, it was a waste of time. Yes, everything looks corrupt and likely is. But you don't need to lie, cheat and steal. You only damage yourself by doing so, IMO.
A lucrative and risk free business model. Congrats to the squid and JPMorgueman!
Yeah, and the only take-away is that Morgan Stanley is incompetent. FOUR losing trading days? Morons.
These guys are geniuses! When I grow up, I'll be a TBTF banker just like them!
What are you saying?
Algo's plus 0% Fed Window equal no losses? how?
I can't see it?
Investor confidience builds in a segment, luquidity... and BAM! POW!! SLAM!!! that segment is drained, BITCHES!!!!
I still cant see it???
0% Fed Window equals Purchaser of last resort, T-Bills? What the fuck kind of arbatraige is that? FED ON FED? porn?
I still am a little fuzzy...
New Themis Trading White Paper: http://blog.themistrading.com/wp-content/uploads/2010/05/THEMIS-Data-Theft-On-Wall-Street-05-11-10.pdf
Supports May 6th market behavior pre bid-crash seen here: http://www.youtube.com/watch?v=F0lAIf78WIo&feature=player_embedded
Crunching the Goldman odds: http://market-ticker.org/archives/2305-More-On-Goldmans-Perfect-Record.html
Now you decide...
++ as well.
And what do these companies attribute their perfect and near perfect trading records to? Its not that incredible when you have a monopoly and access to interest free money.
I'm predicting a fresh, new, world record highs in cost of Hamptons rentals this summer.
I'll take the one third from the left...
Cool, you guys share that one, I'll take the rest.
All the banks are above average!
This time is different!
You're just jealous of their skill!
Query: would it be statistically possible for a large casino to have a quarter with no days of losses? (Incidentally this question was intended to be rhetorical, but I actually don't know the answer.)
I would like to see the statistical likelihood of two major banks having simultaneous flawless quarters.
All the banks are above average!
We may need to change the name from Wall Street to Lake Wobegone St.
Putting the douche in fiduciary
Check it out at the ZH approved fundraiser store. Shirts available in a variety of colors.
If you want it on black--here it is!
putting the douche in fiduciary (nice)
leave it to the french to fix our ethics
I laughed so hard the dog got spooked....is that stuff legit. I want the Audit The Fed, bumper sticker x 10
Perfect 10 Club? Hardly. Everybody knows the last 4 days is what separates the Gods from the demigods.
The reform votes are correlated with whether the Senator is up for election come November.
Vote -- it's the preferred method of throwing the bums out.
You've been double and triple dog dared by the Senators who are counting on you not voting.
DON'T WORRY HE'LL BE BACK:
I just knew you were holding out on me. :>)
Watch this child... God love him..
“These franchises create numerous opportunities for the firm.”
Indeed... opportunities to front run, manipulate, defraud, lie, cheat, steal and become a monopolistic blood sucking Squid. Getting so tired of the tolerance for this sh*t.
The rape and pillage of the middle class - history is repeating.
And the unemployed and under employed are losing money
in this permanent contraction.
Is it ok to call bullshit?
And it's not ending anytime soon - great report on Huffpost on the lobbying armies that made it perpetual - http://www.huffingtonpost.com/2010/05/11/big-bank-takeover-report_n_570847.html
Only way to compete with criminals in this market is to think like a criminal yourself....
Bank of America had no losses too.
TYLER -- Please, tell us to stop re-posting this. We can't help ourselves. Last Thursday's market action will be repeated in the future (no matter what government agencies put in place). Everyone should read Atlas Shrugged. These are grossly manipulated markets on many levels. They will eventually break down. It's a matter of timing. Be patient. There is no Market...
by AR on Mon, 02/22/2010 - 16:35#240616
It's slow today, so I'll add to your comment. I've repeated this story over the last 6 months from time to time, and I'll do so again here. Back in June 2009, a colleague of ours (a $5+ Billion dollar hedge fund) traveled to Europe on a meet-n-greet, money raising campaign. At the time, he returned and said "there is 50% LESS MONEY out there to invest." I presumed his observation was due to lost investments, the meltdown, margin calls, etc.. Then, a month later (keep in mind they are large) he told us, "...there is no market..." I said, what do you mean there is "no market?" He literally said, there is no market. What he meant was, they could not find market participants to take the other side of their trades -- literally. Bid/Ask spreads were huge, and there was no liquidity anymore for them initiate trades as they’ve done in the past (or, much less).
Since then (the last 4-6 months) all of us, have now discovered, exactly what he was talking about. There is NO MARKET (period). Volume is gone. Government, computers, quants, algos, HFT's -- whatever you want to label them – now are said to dominate 70% of all volume today. Thus, keep in mind too, that they dominate 70% of "today's volume" (which on the above premise, is 50% LESS than the real volume the market traded before the credit crisis).
So, think about all this. One, there is 50% less real volume. 70% of the existing (50%) volume is computer led. Thus leaving, theoretically, only 15% of the actual volume in today's markets being "true or real volume" (when compared to volume prior to the crisis). Only 15%. So... now we see the problem with the market's today. This is a huge structural shift (and problem). We don't see it getting better in the short-term. Interesting dilemma. Good luck everyone...
Sorry, I'm a little slow. Can someone please explain to me how this works (The mechanics behind it)?
So Goldman, JPM, Morgan Stanley, etc all get free money, and they use that money for prop trading.
OK, fine--no cost of capital. I get this part, but how do you get zero losing trading days this way? When Goldman's prop desk takes a position, who is on the other side of this? I assume the gov't, since nobody else can keep losing money like this indefinitely (maybe some pension funds and a bunch of hedge funds in the aggregate, but I'm not hearing anything about any of them blowing up. Retail for the most part isn't even in the bond markets, so it's not them), but even then, how does this work? What are the mechanics?
They front-run their clients, and operate bucket shops (trades execute in dark pools off the exchange) so they can skim automatic profits on every trade.
Fraudulent, and illegal, but hey: It's state-of-the-art.
Google "front running" and "bucket shops" for more (like: http://en.wikipedia.org/wiki/Bucket_shop_%28stock_market%29 )
Further, they "sell" access to capital markets, market-make the commodities, and otherwise operate a "protection racket" for large funds (e.g., municipalities and pensions). Really, there are a lot of sources to their guaranteed income, but the initial post is explicitly in reference to their trading/speculation desk (front-running and bucket shops), as well as their insider info fixing the daily market's activities.
I'll take a look--thanks.
I made a fortune last quarter. Whiners and Complainers don't make money. Play the Game, Losers.
Did you manage to do it without a single losing trading day?
Jory also hates gold and thinks silver is a small wooden spike in the hand.
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