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| Authored by: albert on Wednesday, April 24 2013 @ 12:55 PM EDT |
Actually, flaws in the Market can be corrected with a few simple (and well
known) remedies. Like the last commercial banks crash, the solution of which was
also well known, these remedies will never be implemented.
I would suggest to anyone with money in the stock market to investigate an
indexed commodity fund like the Rogers International Commodity Index (RICI), but
not ETFs, as a hedge against a market crash. Unlike the market, commodity
prices never go to zero.
The Wall St./ Fed bubble-making machine is hard at work, so be warned.
NOTE: I am not connected with Rogers or any other financial institutions. [ Reply to This | Parent | # ]
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| Authored by: Anonymous on Thursday, April 25 2013 @ 09:00 AM EDT |
So this "hedge fund" manager was hedged, made money for
3 minutes, stopped out on a 150 point dip and reversed to
a long position, reversing again to his original hedged
position after 3 minutes? Why only a 150pt sell off? This
implies a lot of skepticism to the original tweet.
"Terminals and traders" -- depends on how you trade. Some
techniques deliberately disregard and shield themselves
from this type of instant information and prefer instead to
use market results as their guide. Point and figure,
parabolic stop and reverse, any system that stops in or out
on price action in a given time frame etc... Is this the
only tweet in the last two years that has conveyed the type
of information that might cause the claimed result? That
idea seems a bit far fetched. How about any of the other
trillion insane tweets that cause no change in market
behavior what so ever? Or is the AP the only credible
source for stupid tweets? How might one explain the
difference with this one? If we know how to cause a 3
minute 150pt sell off that fixes itself quickly then it
should be easy to make money, right? That is the primary
flaw in the logic here. Rumors can come from anywhere. Why
is this one credited with an effect that so many others
lack? Because it came from an AP account? Traders are
risking millions on a phony AP tweet? If they are then they
deserve what they get. That simple question seems to have
escaped a lot of the coverage aside form the AP itself
trying to cover for its own lack of on line security. It's
a hyperbolic non story. This hedge fund guy should go back
to pension fund management where he belongs.
[ Reply to This | Parent | # ]
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