Daily Speculations

The Web Site of Victor Niederhoffer & Laurel Kenner

Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.

 

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8/5/04
Victor Niederhoffer: One notes...

One notes that the number of barrels of oil you can buy with Citigroup stock and the number of Nikkei you can buy with one S&P and the number of IBM you can buy with 10,000 Yen are all hovering at 1. Also, the number of bushels of oats you can buy with one Sage stock very unfavorable to Sage today, (but the Sage is an honest man). Let the devil take the hindmost.