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Remember The 15 Sigma Surge In Greek Financial Stocks This Week? Here Is An Update
Remember the 15 sigma move (yes, the move was 15 standard deviations) in Greek financial stocks on the failed attempt by the country to create its very own TBTBF bank with some Petrodollar support? Here is a quick update of how that ended up.
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2 pic's r worth a thousand laughs...
Greece: A national stock exchange index turned into a penny stock P&D.
"TBTBF".... is this a new acronym Tyler? LOL....
Too big to be f*ckd?
Too boring to bait financials?
lol--keep it up, you b on a roll ;-)
The Bank That Bought Farms?
The Back-To-Back F*ck?
"The Back-To-Back F*ck?" - Perfect! I launged enough to make me want to pee.
Where do I get a "15 simga" shirt? Graphic would include a greek style stretch
Thank goodness August is over, September will bring some truth.
These markets are so broken. Now we are up 65 after being red 5 minutes ago. What a wreck this planet has become.
+1
And IMO, the markets are not just broken, they're not markets anymore. More like zombie markets. Few small investors are still in it, they're now mostly crowded by state agencies, pension funds and large banks (i.e. state agencies, state agencies and state agencies).
I would not be surprised if these abominations of "markets" could keep levitate to record highs even in the presence of mass unemployment such as in the 30's.
rigged casino roulette
what caused the jump in the Dow/S&P 30 or so minutes ago?
afternoon delight
closing bell ramp on no volume...must ...close...green
Your avatar name.
Usual shenagins for end of month spies queues and diamond witches
The penis implant is failing in the last few minutes. All they have left is bubble gum and Band-Aids.
TBTBF ?
Please explain.
I need an electron microscope for the second chart!
Isnt this rare?
It's so cooked it well done
It should be. Under the assumption of normal distribution in statistics 15 standard deviations is about 1 in a gazillion probability (to be technically acurate), but markets don't have normal distribution so those "rare" events happen a lot more than expected. Jokingly I suggest that stochastic statistics be used instead. After all two bankrupt banks becoming one bankrupt bank is a stochastic event and must be bullish, correct?
Does that markov stuff work here?
http://online.wsj.com/article/BT-CO-20110831-704995.html
so greece is discussing "cash" collateral with finland. so, ummm, greece, who has no cash, is looking to "borrow" more cash, which will be a loan that is based on "cash" collateral???? huh????
Finland will deposit the cash to the new bank.
The new bank will write a loan to the value of the cash*10.
10% of the new loan will go to Finland as collateral.
Greece buys lube, condoms, marshmallows and wine.
Everyone gets fucked doggy style around the bonfire that was their economy while snacking on roasted marshmallows and quaffing Dom Perignon 53
Crazy world. Maya!
V
how is the whole indian wedding-gold-silver story looking for sept?
Doubt it's a factor.
LoL.
15 times your pleasure, 15 times your fun. Makes sense to me.
http://www.wrigley.com/global/brands/doublemint.aspx
them Wrigley Twins were always hot. Octo-Mom only had eight. How unlikely is it to have 15 babez? ;-)
- Ned
Kind of reminds me of the S&P from 2013
hello, fellow time traveller.
Don't I know you from that conference in 2016?
Don't I know you from that conference in 2016?
what made you come back twice to this time?
did you bring that sports almanac I asked you for?
I love mirages :)
They give lemmings hope. They all go for it AND BOOM BITCH!!! YOUR DEATH AND BROKE!!!!!!!! WHOEHAHAHAHAHAHAHAHA!!!!!!
Maybe Whole Foods Market should open some "superstores" in Greece.
$10 to $66 in the worst recession since the 1930's, still selling stuff marked up 300% because it has a "green" label on it.
Nobody seems to be bothered by the 62 P/E ratio, either....
i can assure you that every produce you can buy in Greece is "greener" than Whole Food's stuff
Whole foods just takes money from the stupid and uppity people who shop for groceries. Organic is bullshit anyway. Funny how women get wrapped up in the whole foods bs to eat natural then go off and pop antidepressant and birth control pills.
thanks robo, if it wasnt for you we wouldve never guessed the market is failing to price in reality.
CANDYGRAM FOR MONGRO! CANDYGRAM FOR MONGRO!
"me mongro! Me like candy!"
http://www.youtube.com/user/wipeout
Running on empty.
Looks like a BTFD opportunity to me.
But I need new glasses.
But I need new glasses.
These are nice and inexpensive too. I get all my glasses from them.
Thanks, tho I was afraid to click the link, knowing you.
but '15 sigma move' sounds really impressive, like '18 teraflops cluster computing' or '14.000 horsepower nuclear submarine engine'...
why would you put horses in a submarine?
To get to the surface? Dunno...
to throw at the filthy British......a la monty Python
you use a . instead of a , when punctuating your numbers but then use a non metric unit when describing power? That's like me saying cheerio pips pips when talking about the bernank.
European.
Like trying to rescuscitate a corpse with an alarm clock.
It does sound inpressive when the reference distributions is Gaussian. However, the distribution is non-Gaussian so these types of events are not really 15 sigma, but more common.
Greece may be a problem. But it is competing with Italy for first place for the country whose population could give a flying fuck about the contagion it is causing and just wants to keep the party rolling. Move over Belarus.
I remember Keene on Bloomberg during the melt-down in '08--"Folks that is an eight-standard-deviation move."
So, if this is 15 Sigma, it is like "once in the life of the universe."
- Ned
my thoughts, too.
i wanted to try and calculate it to see for myself -- 15 sig seems impossible (apart from theory)
Maybe the Bizarrro Universe!!
You Know! the other one!!
Point well taken about the upside spike, but "sigma" (standard deviation of a Gaussian distribution) is to put it mildly a highly questionable measure for the fat-tail type of distribution that these price fluctuations exhibit.
Yep, it sux.
Five dry fires on a six load wheelgun. Roulette at it's best!
i have a bit of experience with six-sigma stuff; but it wasn't related to finance.
can anyone direct me to some resource that would spell out the mechanics that constitute the financial six sig? in other words, what's needed to calculate it?
+1
EPIC
Agree with the poster above. I'm self taught but have used various statisical measures over the years for a number of things - but this article suggests that a sigma move is the same as STD? And STD is great for separating the wheat from the chaff - but that is about it. Any pointers to a tutorial that explains statiscal measures in finance?
Well I have a 12 inch Sigma..and that looks like an 8 sigma to me....John Holmes
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