Re: Trading
Posted: Thu Jan 28, 2021 7:58 pm
Another day in the Universe
https://www.onthenatureofthings.net/forum/
https://www.onthenatureofthings.net/forum/viewtopic.php?t=4041
Financial "masters of the universe", self-titled, can only fail upwards.NapLajoieonSteroids wrote: ↑Thu Jan 28, 2021 8:04 pm The peasants are revolting is right.
Mob-run casinos are fairer. Ignoring all the big guy-little guy emotion this is driving :
what I see is that no one is enforcing the regulations on the books against the hedge funds; they over-extended themselves, screwed up and the reddit kids took advantage of that.
When hedge funds take advantage of screw ups or tank companies like gamestop [it's a dying company but the point of shorting it over 100%+ was to kill is prematurely, right?] it's sheer brilliance and just the way things work.
When retail traders do it it's scary market volatility and must be stopped midstream.
This is more than a pump and dump. Even if it had to happen to start out that way (Not saying it did)Colonel Sun wrote: ↑Thu Jan 28, 2021 7:01 pm While recognizing that this is a complete bubble - a classic pump and dump, still
I was wondering how long it would take before the financial industry moved the goalposts back to "heads I win, tails you lose".
Bloomberg | Robinhood, Interactive Brokers curtain trading in some stocks
"Business Is War" -- Post WWII Japanese adage.Dear hedge fund managers, CNBC, and the like, Guess what I did yesterday? Went to work then got drunk watching anime until 12am. Guess what I’ll do tomorrow if I loose all these gains? Not a goddamn thing different
That will come about when all transaction are based on digital currency.crashtech66 wrote: ↑Thu Jan 28, 2021 7:20 pm So, what may happen once the ordinary man feels he has exhausted all his option? À la lanterne?
Indeed.
However, I predict that the goalposts will be moved so that r/wallstreetbets will end up being the ones bent over, grasping their ankles, while receiving a proper clackering.In a blowout comedy for the ages, finance pirates take it up the clacker
It is almost inevitable. The hedge funds are almost certainly already short on Game stock from close to its high. If it goes up higher than that the hedge funds will get another bloody nose. But how likely is it that it will go above the $483.00 high at this point? It all depends on when the hedge funds are required to cover their shorts. Rumor has it that will happen Tomorrow and Tuesday. When you are required to buy something the price automatically goes up.Colonel Sun wrote: ↑Sun Jan 31, 2021 2:05 amIndeed.
Taibbi | Suck It, Wall Street
However, I predict that the goalposts will be moved so that r/wallstreetbets will end up being the ones bent over, grasping their ankles, while receiving a proper clackering.In a blowout comedy for the ages, finance pirates take it up the clacker
Wall street might think that they would love that. Actually I think that is exactly what they are going for. But what they would miss is the estimated $6 trillion in wall street investments they would get if the stock markets were completely democratized. But most of these banksters are of the durian elite class and they will never figure that one out.Nonc Hilaire wrote: ↑Mon Feb 01, 2021 4:17 am My unenlightened guess is that this is the beginning of the end for retail brokerages and the personal ownership of individual stocks.
The only option going forward will be owning Blackrock/Fidelity type etf’s. Maybe the pink sheet and five letter penny stocks will survive.
Nonc Hilaire wrote: ↑Mon Feb 01, 2021 7:01 am The retail brokerage model has aged out.”You will own nothing and you will enjoy it” fits most of the investing public right now. When I talk to my broker to initiate a simple DNS registration with the transfer agent customer service is always unfamiliar with the process.
If you’ve ever been tempted by a flutter, you’ll know how bookmakers and casinos stack the odds against you. The clearest example is roulette, where there are 36 red and black numbers plus the green numbers 0 and (in the U.S.) 00. So that’s 38 possibilities in total. When betting on red or black, the odds of choosing correctly are 18/38, and a fair payout for a $1 stake is $2.111. However, the house pays only $2 and keeps the difference. In that way, it guarantees itself a profit.
A similar bias occurs in bookmakers’ odds on horse races, soccer, and every other sporting event. The bookies always ensure that the odds are in their favor. But setting these odds is harder than those for roulette because the calculations are trickier.
And that raises a tantalizing possibility. Is it possible to come up with a better way to calculate the odds, and thus beat the bookies?
ZH | SEC To Crawl Through Social Media, Hunting For Gamestop Manipulation FraudDoc wrote: ↑Fri Jan 29, 2021 3:04 amThis is more than a pump and dump. Even if it had to happen to start out that way (Not saying it did)Colonel Sun wrote: ↑Thu Jan 28, 2021 7:01 pm While recognizing that this is a complete bubble - a classic pump and dump, still
I was wondering how long it would take before the financial industry moved the goalposts back to "heads I win, tails you lose".
Bloomberg | Robinhood, Interactive Brokers curtain trading in some stocks
"Business Is War" -- Post WWII Japanese adage.Dear hedge fund managers, CNBC, and the like, Guess what I did yesterday? Went to work then got drunk watching anime until 12am. Guess what I’ll do tomorrow if I loose all these gains? Not a goddamn thing different
"Freedom Isn't Free"
Remember when Harry Markopolos warned the SEC - repeatedly - that Bernie Madoff was running a giant ponzi scheme... and the SEC did absolutely nothing, eventually leading to the biggest fund fraud in modern history, with countless investors losing billions?
Well, after the recent reddit revolution sent a handful of highly shorted stocks soaring and blew up a couple of hedge funds while making other hedge funds much richer, the SEC has decided that this time it will be proactive in cracking down on fraud and according to Bloomberg SEC investigators are now "combing social media and message board posts for signs that fraud played a role in dizzying stock swings for GameStop Corp., AMC Entertainment Holdings Inc. and other companies."
According to the report, the scrutiny - which comes following news that a non-recused Janet Yellen will head a task force of financial regulators addressing the recent surge in GameStop and other stocks, as well as silver, and which will inevitably also look at Citadel which paid Janet Yellen US $810,000 in non-conflict of interest dollars for a handful of speeches last year - is being done in tandem with a review of trading data to assess whether such posts were part of a manipulative effort to drive up share prices.
These WallStreetBets types are "financial terrorists on the scale of ISIS". My guess is the Biden admin will sent 25k national guardsmen to wall street to stop future such attacks and build a wall around it.Colonel Sun wrote: ↑Thu Feb 04, 2021 2:43 amZH | SEC To Crawl Through Social Media, Hunting For Gamestop Manipulation FraudDoc wrote: ↑Fri Jan 29, 2021 3:04 amThis is more than a pump and dump. Even if it had to happen to start out that way (Not saying it did)Colonel Sun wrote: ↑Thu Jan 28, 2021 7:01 pm While recognizing that this is a complete bubble - a classic pump and dump, still
I was wondering how long it would take before the financial industry moved the goalposts back to "heads I win, tails you lose".
Bloomberg | Robinhood, Interactive Brokers curtain trading in some stocks
"Business Is War" -- Post WWII Japanese adage.Dear hedge fund managers, CNBC, and the like, Guess what I did yesterday? Went to work then got drunk watching anime until 12am. Guess what I’ll do tomorrow if I loose all these gains? Not a goddamn thing different
"Freedom Isn't Free"
Remember when Harry Markopolos warned the SEC - repeatedly - that Bernie Madoff was running a giant ponzi scheme... and the SEC did absolutely nothing, eventually leading to the biggest fund fraud in modern history, with countless investors losing billions?
Well, after the recent reddit revolution sent a handful of highly shorted stocks soaring and blew up a couple of hedge funds while making other hedge funds much richer, the SEC has decided that this time it will be proactive in cracking down on fraud and according to Bloomberg SEC investigators are now "combing social media and message board posts for signs that fraud played a role in dizzying stock swings for GameStop Corp., AMC Entertainment Holdings Inc. and other companies."
According to the report, the scrutiny - which comes following news that a non-recused Janet Yellen will head a task force of financial regulators addressing the recent surge in GameStop and other stocks, as well as silver, and which will inevitably also look at Citadel which paid Janet Yellen US $810,000 in non-conflict of interest dollars for a handful of speeches last year - is being done in tandem with a review of trading data to assess whether such posts were part of a manipulative effort to drive up share prices.
https://www.neatorama.com/story/Dogecoi ... QP7pHWpwS8Vox populi. The voice of the people, or at least the majority of people. I believe that it is a phrase that exists for a reason, as the voice of people can do many things. It can establish and overthrow rulers. It can also reshape society through change and revolution. Time and time again, the voice of the people has proved itself to be a powerful force, and it seems that it has displayed its power once again, and this time, you can hear it in the meme world and the cryptocurrency market, specifically, in Dogecoin — a cryptocurrency inspired by a meme.
Another severe problem for hedge funds is their dependence on outside money and their need to file quarterly returns. Bros do not have this problem; they can therefore just “HODL” for years if necessary, waiting for an investment to come right. The spectacular success, albeit on a small scale of Bro investments in the cryptocurrency Dogecoin is an example of this. Founded in 2013, with a picture of Woofles as its symbol, it was intended as a joke, and subjected to the most intense Keynesian money-printing, so that 128 billion DOGE are now outstanding. For years it languished, even through the crypto-currency bonanza of 2017. However, in the last six months, it has soared to around 150 times its initial issue value and a market capitalization of some $6 billion (while still sporting Woofles – a brand is a brand).
Those Bros who have held DOGE right through have enjoyed a true bonanza; even the Bros who bought in six months ago have made 10 times their money. Hedge funds, subject to quarterly reports of investment returns and meetings with their unimaginative investors, would have sold years ago. The liquidity and price transparency of DOGE and other cryptos is in this respect a disadvantage for hedgies; a private equity fund could have ignored the market price and pulled the wool over its investors’ eyes, making deep meaningful statements every quarter about DOGE’s hidden technological potential and the Blockchain.
Abstract
In this paper we explore the specific role of randomness in financial markets, inspired by the beneficial role of noise in many physical systems and in previous applications to complex socio-economic systems. After a short introduction, we study the performance of some of the most used trading strategies in predicting the dynamics of financial markets for different international stock exchange indexes, with the goal of comparing them to the performance of a completely random strategy. In this respect, historical data for FTSE-UK, FTSE-MIB, DAX, and S & P500 indexes are taken into account for a period of about 15–20 years (since their creation until today).