Question for traders: For measuring real risk and performance/return numbers, do (trading) models count? Even if those models/systems are...
PhDs and MBAs = doofs. :D
Investors are also suing Refco, and are expected to name the underwriters and auditor to the class actions that lawyer Melvyn Weiss said his firm,...
thanks, TS, good post!
well, my best guess is that it may be that the extemely deep liquidity in the forex market ($2t a day volume) has something to do with it. so...
mm... maybe. but think along the lines of evil corruption hid from the eyes of the public. :)
<img src=http://ichart.finance.yahoo.com/z?s=RFX&t=3m&q=c&l=on&z=l&p=s> :D
as an aside, for ex-Refco ForEx traders, you may want to consider this fx broker. best, Coinz
I DIDN'T SEE A SMILEY FROM THAT MAN!!!
Let's not forget Drexel. :D *busts up laughing* fx
Wep, the best thing you can do is ignore markless1's rants of panic. lest you end up trading like him. fx
The fallout from Refco's collapse is reverberating through the financial system. The SEC is investigating the collapse, and there were reports...
In August, Refco went public with a share offering that raised $583-million (U.S.) at a price of $22 a share. Within a few weeks, the company was...
:(
what post from fxskalper did you find?
:D I think it was all a well-structured, highly organized intentional fleecing of $100s of millions of the public's money in one fell swoop....
Just dropping in quickly to point something out. Besides Long Term Capital Management, REFCO had ALL the brightest PhDs and MBAs IN THE WORLD....
Of all the threads scattered about Refco, this thread is dedicated strictly to the FALLOUT Refco's accounting scandal/bankruptcy is causing....
as an FYI (though it's hard to be heard over Chode's bellowing little woman routine): Refco sells unit, then files for bankruptcy A...
It's only a good policy, Chode, because if you entered the forex you'd get your clock cleaned, trading. So, your forex broker possibly folding...
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