i posted this before from the Quantifiable Edges. Buying Fri dip has been easy money. So who went long last Fri? http://quantifiableedges.blogspot.com/2010/03/after-down-fridays-over-past-year.html "It is important to understand that this is what I often refer to as an âenvironmental edgeâ. In other words, it is something that has worked in the recent past and seems to be a result of the current market environment. It is not an edge that has persisted over a long period of time nor do I expect it to continue to persist for a long period of time from now. That doesnât mean it isnât a useful observation, though. In such cases where I believe a setup contains an environmental edge I will look to use it to my advantage until it appears to be losing its effectiveness. Of course I do this with all edges, but environmental edges are on a tighter leash than others."
Back in 2000, a Greek analyst working in Goldman Sachs arranges a deal with Greek government to issue more and more debt without the knowledge and insight of EU and Greek public. Goldman Sachs makes millions from these deals. After 10 years, the debt comes due or comes to light and one more country comes down to despair. When is Goldman Sachs closed or forced to end the operations. These people are evil. Who knows how many other deals this evil has made with other countries or companies? How many scandals will they bear to? How come the US government allow all these? How about the hidden potential scandals regarding Treasury, central bank and white house? Are there any deals struck with Goldman Sachs? Why do we have to know about all these after the collapse happens? WE NEED INFORMATION NOW!!!!!!!!!!
there is no stop-loss in that study. it just looks at close-to-close (Fri-Mon) outcome. i am guessing the strat is b/e over a much longer historical interval.
I voted bearish not because of the Greek problems but we ran up a lot and our house is not in order.....yet....NYC traders will be jumpy and nervous in the light of the Time Square timebomb... this means KABOOOOOM for ther spooz !!!!
Greek riots? Delta and gamma stomping all over vega and breaking theta's windows. Oh wait, this isn't the options forum.