Zero who?
It only does when you're long.
Of course they do, because saying otherwise you'd be implying markets were fully efficient. In that case any type of non-indexed investing and...
How many $10m CDS contracts have you bought in your lifetime? I doubt utterly cheap CDS are a good example, representing the typical cost of...
Summer doldrums. Expect range and volume to pick up in 4-5 weeks time.
Sure, but you put in 1% premium every month/quarter/year because 'sooner or later' the idea will work -- hey it's a bubble after all so it's...
Bass' fund is a beautiful example for one of these 'I have this great asymmetric payoff trade, this is a no-brainer' ideas gone haywire. There's...
See that's the difference between you and Ralphie. You're both assholes, but Ralphie is tounge-in-cheek half of the time and doesn't take himself...
No, as there are no appropriate future contracts for most of the components of BOND.
And when new money comes during a slight drawdown before a new run-up it will increase performance. The aggregate effect on performance is likely...
Nothing wrong with adding to a profitable position. I don't see a problem your problem.
Remember the academics and central bankers giving sound advice to Japan on how to cure their malaise over 10 years ago. The same guys quietly...
Yes I gradually got stopped out out most equity long positions, also reduced overall gross exposure. I am now approx. 15% net long (25% long, 10%...
So much for 'top ticking' long bonds and EURUSD. Ralphie is the type of guy that is very loud when he's shitting on people but becomes very quiet...
You keep bringing up dividends on stocks like WMT and IBM which yield about as little or even less than the S&P 500. Why so?
It appears Germans don't mind paying; they just hate having little control over how it is spent. They transferred about 1.2+ trillion EURO from...
Imbalances (in productivity, wealth, GDP/capita etc.) under a common currency aren't that big a problem as long as national social, budgetary and...
The low in 10y German bund yield in 2009 was 3% (at the peak of global panic). Now 1.41% (all time low). Who would've thunk?
Looking at multi-week SPX chart... haven't heard much Hussman bashing lately.
Let's also not forget Hank Paulson thought it'd be a great idea to let Lehman fail in a disorderly manner on a Sunday evening and thought the...
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