2010-05-07, 12:02 | Link #7121 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Not if he/she is a freelance trader. Remember the Mizuho Securities fiasco in Japan 5 years ago? That guy gets to keep his winnings.
Besides, freelance traders have no obligation to give back the shares they have bought, neither do they have to get permission from the company to short it. So...... Funny that the trade was cancelled. Maybe because it was inside the S&P 100. Quote:
Spoiler for big:
When it hits 1.2462, you should be able to start exchanging. Either way whether there's a retracement before or after the next support line breakout, I seriously doubt it would drop below 1.24 within the next month. Btw, pass my congrats to your girl for her graduation.
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2010-05-07, 14:46 | Link #7122 |
Le fou, c'est moi
Join Date: Dec 2007
Location: Las Vegas, NV, USA
Age: 34
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Yes, I do sense a kind of "those damn Americans/Asians" attitude from the article; moreover the article misses huge chunks of what might change the portrayal entirely. A question: how "respectable" is Der Spiegel in Germany itself? Is it at tabloid level, i.e. The Sun, or does it claim to a higher newspaper-of-record status like the New York Times? Or somewhere in-between?
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2010-05-07, 14:59 | Link #7123 | |||
AS Oji-kun
Join Date: Nov 2006
Age: 74
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Quote:
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2010-05-07, 15:23 | Link #7124 | ||
* >/dev/null
Join Date: Aug 2007
Location: Surrey, UK
Age: 39
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Spoiler for Election Results conclusion:
I guess for the conservatives it will be: "so close, yet so far away." Definitely an interesting result, and one that will force some sort of compromise between the parties. I wonder how important to the Lib. Dem.'s their desire for electoral reform is, because I think that'll be the issue which makes them go to Labour or the Conservatives. The Conservative position will probably be: "We won the most seats, so we shouldn't have to negotiate on such an important issue with the party that came third." Quote:
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I.e. if he doesn't like the deal they offer, he will turn to Labour next. I'm not sure how well the population would take, as Jeremy Paxman put it, 'a coalition of the losers.' It'll be an interesting few days as this shakes out . |
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2010-05-07, 20:23 | Link #7125 |
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Join Date: Mar 2006
Location: Boston
Age: 35
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I don't get how a Lib-Lab coalition would work as it would still be a minority; would be less effective than a Conservative minority government in my mind. The Lib Dems are screwed no matter how you look at it. They can't threaten to prop up Labour because there's no majority there and keeping Brown in Number 10 would be political suicide. They have little to no bargaining power with the Tories so there's no hope for electoral reform in this parliament. And in the next election the Lib Dem vote is bound to go down as people return to Labour when it's led by someone other than Brown. Totally screwed.
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2010-05-07, 22:38 | Link #7127 |
AS Oji-kun
Join Date: Nov 2006
Age: 74
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I've been considering that question all day now.
First, let me introduce you all to the "size principle" put forward by William Riker in The Theory of Political Coalitions. He uses game theory to prove the mathematical proposition that, under reasonable assumptions, only "minimal winning" coalitions should form. Intuitively, imagine that Cameron in this case is trying to build a majority. He can offer "side payments" to the other parties to get them to join. Riker argues that a rational politician will only make the minimum number of deals necessary to build a majority, thus a "minimal winning" result. Other political scientists challenged this theory on the grounds that it ignores ideological locations. Studies of actual coalition formation show that politicians generally follow a "minimal connected winning" strategy choosing partners closer to them ideologically than far away. So now lets take a look at the results. First of all, there are five Sinn Fein MPs (Sinn Fein was the political arm of the IRA) who I heard today refuse to attend Parliament. That means a working majority is probably more like 323 or 324 seats rather than 326; at 306, the Tories would have to cut sufficient deals to gain another 17-18 seats. Frankly that doesn't seem too likely. The SDLP is the Irish version of Labour so they're off the table as is probably the Green MP. Cameron could try to cut deals with the regional parties, the Scottish Nationals or the Welsh Plaid Cymru, but they'll be asking for huge additional financial subsidies for their regions in return for their support. Given the Tories commitment to cutting government spending this year, Cameron would have a hard time getting this past his own party members. The only likely partner for the Conservatives are the Democratic Unionists in Northern Ireland with their eight seats, but if deals could be struck with the SNP and Plaid as well, you could see an uneasy multi-party coalition bound together with funds from Whitehall.* A Lab/LibDem coalition would start from a base of 315, plus the three SDLP seats. Throwing money at the regionals and sweet-talking the Green could bring them on-board for a total of 328, two more than an absolute majority, and four or five more than the working majority required if Sinn Fein continues to abstain from Parliament. Riker's theory would suggest a Lab/Lib/SDP outcome with a total of 324 seats. The problem with another Lib-Lab coalition is Gordon Brown. Any deal which doesn't include him resigning as PM would be disastrous for the LibDems in my mind, since Brown was the clearest loser last night. Replacing Brown and accepting some type of referendum on "electoral reform," as Brown offered today, seems the only path to a Lib-Lab pact. _____ *I don't see the SNP making any deals with the Tories who've largely been ousted from Scotland.
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2010-05-07, 22:42 | Link #7128 |
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Join Date: Mar 2006
Location: Boston
Age: 35
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The 28 other seats:
Northern Ireland 8 Democratic Unionist Party seats (allied with the Conservatives) 3 Social Democratic & Labour Party seats (allied with Labour) 1 independent seat (anti-Tory) 1 Alliance Party seat (allied with the Lib Dems) 5 Sinn Fein seats (nationalist, anti-everyone) Scotland 6 Scottish National Party seats (nationalist, anti-Tory) Wales 3 Plaid Cymru seats (nationalist, anti-Tory) England 1 Green seat (don't know where she stands) So the Conservatives can only rely on the 8 Democratic Unionist seats of the 28 other seats. The other 20 probably loathe the Tories. Cameron will definitely be prime minister, but he'll need at least ad hoc Lib Dem support if he wants to pass legislation. |
2010-05-07, 23:39 | Link #7129 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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I suppose any news will lift the market confidence about the Euro, but ultimately it is still the supply and demand issue of economics - people tend to feel emotionally about the value of their property rather than really evaluating the price logically across the board, thus the sales and buyouts are influenced by random decisions rather than a cohesive groupthink (market panic). Can't wait for Merkel's solution though. It would be a perfect opportunity to do scalping.
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2010-05-08, 00:25 | Link #7130 | |||
✖ ǝʇ ɯıqnɾl ☆
Join Date: Feb 2006
Location: Mortuary : D
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Guilty or Innocent ?
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Credits : Sankaku.C
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2010-05-08, 02:04 | Link #7131 | |
Senior Member
Join Date: Mar 2007
Location: Australia
Age: 41
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Evidence that neanderthals interbred with early humans
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Last edited by killer3000ad; 2010-05-08 at 05:25. |
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2010-05-08, 02:31 | Link #7132 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Sorry, but I couldn't find the exact news headlines over at the US or more prominent papers, so I used my local's.
Let's play the blame game! *sarcastic* Alarm over algo trading Quote:
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2010-05-08, 13:27 | Link #7133 | |
Moving in circles
Join Date: Apr 2006
Location: Singapore
Age: 49
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New-school feel awaits rookie MPs
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2010-05-08, 16:00 | Link #7134 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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Quote:
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2010-05-09, 01:19 | Link #7135 | |||
Senior Member
Join Date: Mar 2003
Location: China
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It's hard to say which choice is better. On one side, the exchange is supposed to maintain an orderly flow and make sure that the right reactions get followed, but on the other side and when there is collateral damage, it has to protect those more... innocent. If it was just one bank (the one that caused the problem) hurt, then let it suffer the consequences. If everyone got hit when it's not their fault, a do over is better - so long as the culprit gets penalized, that is. Quote:
Ditto. Deep-sea ice crystals stymie Gulf of Mexico fix Quote:
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2010-05-09, 01:42 | Link #7136 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Quote:
The Euro crisis already have their news on ForexFactory last year fall, but it still trended upward until mid November, probably due to anticipation that the price will dip to the bottom for cheap buys, thus influencing a buyout and increasing the price (S&D). When people are proven wrong by buying at the top, they quickly sell off to recoup losses, thus the drop. This year's fall in Euro is fuelled by market pessimism, and I already took a screenshot of the EUR/USD chart on MT4 for further reference.
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2010-05-09, 02:27 | Link #7137 | |
Moving in circles
Join Date: Apr 2006
Location: Singapore
Age: 49
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That, and a fat margin account. |
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2010-05-09, 15:54 | Link #7138 | ||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Quote:
Why the Dow Plunged 1000 Points in 8 Minutes Quote:
Come to think of it, I was seriously laughing my ass off at the bolded line. At the millisecond level, the market reacts to something known as market noise, so even if there is a buy/sell trade, it would only be worth like...$0.0001 profit/loss per stock? Regarding the liquidity flow problems, I believe that it is a communications issue rather than automation issue. Data sent should be executed precisely rather than automatically, because the trades should be made by sound human judgment and analysis, not computers running on a limited set of algorithms. Using the computers to increase the speed is fine, but having traders shouting orders isn't that bad if there are installed high-grade speech-detection software. Besides, having human traders isn't a bad thing, it can slow down panic short/buy-outs for people to reconsider their decisions. If that is used an excuse that computer traders are better than human traders due to their technical superiority, I am guessing that makes up one of the dumb ideas that contributed to unemployment and bad financial management amongst the citizens. Modern day trading should be a fine balance between human judgment and computing superiority to reduce errors, not a sole domination of just one of them.
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2010-05-09, 18:16 | Link #7139 |
Senior Member
Join Date: Dec 2004
Location: Portugal
Age: 44
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Next step to stop oil: Throw garbage at it
Woah! Ingenious solution! Throw garbage to cover up a mess. If this is the best BP can come up they should just admit they can't handle it.
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2010-05-09, 23:43 | Link #7140 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Quote:
Besides nobody can really handle that kind of spill because oil rigs store 6-7 times more oil than a ULCC. I laughed when a kid here suggested using liquid nitrogen to freeze it......I wonder how the judges at the science competition hand out prizes because the surface area exposure is too damn bloody big for the freezing to be effective (Entropy effect). Might as well suggest that we set the oil on fire.
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current affairs, discussion, international |
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