Do you trade this with good results? I tried this as one of my earlier research but could never make it consistently work.
I recently sat across the table from a NYSE exec who complained about "those damn traders" wreaking havoc with is 401k. And he did this without a hint or irony or self-awareness.
That is a really good explanation I think. I was thinking along similar lines where you could say equity markets are just instruments that large institutions/big money utilize to buy at wholesale prices and sell back to the public. Of course, not everything always works perfectly.
Maybe this is what happens when he can't load the instruments he is shorting with duds. When he's doing it without some GS back-loading help, he seems kinda lousy at it...
Fuckin idiot If you sat on Goldman's lap , you would be a billionaire by today , not fucking losing your own money , but other people's money ..They would give inside information and package toxic assets to short in your favour. When you sit on their lap .you can smell Blacknfiend's underwear , without Gucci . Bloody clueless moron. They even bought the SEC You wanna be a trader?or a fuckin moron? http://www.youtube.com/watch?v=85lpWoESHUM
Exactly. He did it once - but can't do it any more. So he is losing and losing and losing..... Hahahahahaaaaaaaaaaaaaaaa............................
I look at trading as professional gambling with the added benefit of providing liquidity for long term investors. I just want to be the casino when I trade. That said, everybody gambles everyday. Every time you take a ride in your car you are betting that a tree won't come crashing down on you. Professional gambling is about finding an edge, even if it's a small one, and minimizing the chance of going broke to a near zero probability through proper risk management.
You do understand that Paulson made more money for himself betting on Financials and Gold during the recovery than he did shorting subprime. He is NOT a one hit wonder by anymeans. He was in Gold before it became the fad.
He was in gold after the event.He is a one hit wonder of Goldman's SEC subpoena. Gold was already up 150 % in 2009 ,before he went in. http://www.dailyfinance.com/2009/11...n-paulson-rushes-into-gold-but-investors-sho/