What in the world are you talking about. Commerical papers are holding up like rocks. For example, on May 21th, 30Day A1+/P1/F+ commerical papers...
And I should add, for ABX both bid and offers are quoted with wide but not unreasonably wide spreads.
BNP is talking about cash sub-prime assets. ABX is a derivative index. They are still widely quoted many times per day by major dealing desks in...
Does not exist. It's OTC.
Look - fixed income instruments aren't like stocks. Those BBB- may not get bid (which is somewhat unlikely for the exact reason I'm about to...
(1) the Lehman bond isn't trading at par. (2) if you buy the bond and buy the protection (known as a negative basis package), you are going to...
Mostly right. But in certain markets the market makers are also prop traders. Usually happens certain otc spaces. Goldman has a reputation of...
I agree mostly with what you side. Though perhaps not the last point. Hedge funds don't really care about unsophisticated daytraders....
I have no idea how you come up with this number. Care to explain? I'm curious.
What does that even mean? I'm taking the position that there's more to finance than just "trading your chart." That there's more to trading than...
No. I'm not missing your point. I'm ignoring your point. Your point is asinine. "With compounding"? Clearly any nontrivial positive number...
Access. Because you get access for large buying power that only hedge funds and real money accounts can provide. I don't mean inside information -...
Even if you have bloomberg you still won't get "realtime quote" unless you also receive pricing runs from the dealing desks (that is, you trade...
This thread was productive and [hopefully] useful before Jack showed up. Now it's just everyone arguing against Jack's very incorrect...
I'm just thankful the day's done (yeh for early closing for no reason other than friday in my markets). I'm off to grab a few beers and forget all...
Let me quote a few sentences from his very long document, which I actually did manage to read: -- "We do not use quant stuff because it deals...
... now, I'm not going to say that knowing how to program isn't important. it is. you aren't a quant if you can't produce. but for the love this...
Make sure you take plenty of solid math. Take as much calc as you can. Take linear algebra (or adv, if there's one). Take real analysis if there's...
... you managed to figure out causation by dividing change in level (debt) by change in flow (gdp)? You managed to figure out causation? We are...
I would very much like to see where you got that figure from - I'm not saying that it's not true, but it seems like a very certain answer to a...
Separate names with a comma.