With markets being so turbulent, how are you handling your trading? These days, we are witnessing the common modes of operation: Fear and Panic. People are worried about their future. They are thinking, “How can I pay my mortgage, my children’s college expenses and what is happening to my retirement account?” The uncertainty is uncomfortable. Some feel that the devil they […]

Have you been in situations where you had several winning trades which were wiped out by one losing trade? Have these become a pattern? Like some of my clients, you may be saying, “I have spent hours creating my plan.” Then you start the day with every intention of following it. After a few losing trades, you lose your control […]

Hedge funds started in China in the early 1990s, and has so far undergone four stages: infancy, formation, mindless rush, and adjustment & standardization. Currently hedge funds in China fall into two categories. One is those companies backed up by the government, including brokers managing pooled property, trust and investment companies’ trust and investment projects, and investment companies managing their […]

A new online game has been brought to my attention, it’s called Wall Street Survivor, where novice investors can contemplate their present and future investment plans without gambling with their hard earned savings.  As volatility in the world’s financial markets have even the most hardened Wall Street warriors at a loss, the game lets potential investors test the waters with […]

It’s incredible that institutions as large as Barclays still use Excel spreadsheets as a ledger for multi-billion dollar deals, and even more surprising are analysts who think that “hiding” columns with extremely private information is a good idea. From theregister.co.uk “Working to a tight deadline, a junior law associate at Cleary Gottlieb Steen & Hamilton LLP converted an Excel file […]

This document is intended to be a summary of the SEC Release No. 58591 on September 18, 2008.  For the full SEC document, please go to the following link:  http://www.sec.gov/rules/other/2008/34-58591.pdf .  For the Edgar Form SH: http://www.sec.gov/about/forms/formsh.pdf Who does this ruling pertain to? An institutional manager that exercises discretion on accounts with at least $100,000,000 in FMV of 13(f) securities […]

Wow!  That’s all I can say over the past day.  The government swung and swung big.  I am least suprised by Short Selling Disclosure and the creation of a “no borrow” list.  In light of the seizure of the credit market and redemptions in Money Markets on Tuesday and Wednesday mornings it is no suprise that someone had to swing for […]

Fear and greed are amazing motivators, but fear has an immediacy that greed will never have.  Fear adds the propensity to “do something” and do it quickly.  But this “do something” mentality can have unintended consequences.  In the SEC’s case, daily short reporting for hedge funds and institutions, if not managed correctly, can add market volatility right when it is […]

This blog entry was delayed because I have been spending all my free time (and some of my non-free time) playing with Google Chrome. I am using chrome to create this post, and will do a review shortly! Happy Memorial Day weekend, we hope that everyone is having a relaxing time with their families & friends. Over the last few weeks […]