Archive for April, 2010
Trading With Discretion One of the best things about “Inside the Black Box”, the book about quants that I am reading, is the authors refreshing candor in discussing the shortcomings of algorithmic trading. The quant’s Achilles heel is something called “regime change”. Regime change is basically a fancy way of saying that the future looks [...]
Price Action is NOT Random The chart above courtesy of the ChartStore, recently appeared on Barry Ritholtz’s Big Picture blog and immediately caught my eye. What I find fascinating about it is how it completely contradicts the efficient-market-all-price-action-is-random school of thought. Those of us who trade every day of course know empirically that price action [...]
I guest hosted CNBC Squawk this morning. Here are a few video clips. I was also star struck from meeting Jim Rogers in the green room.
Outlook for Australian Banks (I come on in a minute)
Greetings from Singapore! I was on Bloomberg Television this morning talking about my outlook for the EUR and GBP. If you can catch it, I will be guest hosting CNBC Australia from 6am-7am Singapore time (6pm – 7pm NY Time) tomorrow morning.
Click on the image to access the video:
Temp In “Inside the Black Box”, Rishi Narang lifts the veil away from the secretive world of quantitative trading, explaining in clear, easy to understand English the key concepts that drive so much of hedge fund trading today. Instead of becoming bogged down in the inscrutable math of the quants. Mr. Narang expertly navigates the [...]
I am headed to Singapore for the Asia Trader & Investor and will be out of the office (ie. not blogging) starting today until May 7th.
If you are in Singapore or plan on visiting, here is my schedule. Stop by and say hi!
Singapore Seminars April 24-27
Asia Trader & Investor Confidence
Presentations at [...]
The euro has strengthened significantly over the past 24 hours as EU officials finalize a prescription for Greece. Here are the details:
1) bilateral loans from European governments for 3 years
2) up to €30bn lending by euro area members states for the first year, in addition to the IMF’s contribution (€12.5 to 15bn reportedly)