Aug

24

Non-Zero, by Robert Wright, shows persuasively that there is an élan vitale of history with non-zero-sum games of mutual benefit leading to sustained growth especially fomented by gains in information like printing press and internet. wright's book is another reason like the grandeur of evolution of Darwin to believe that the 10,000-fold gain a century will continue.

an interesting study: Hidden Cost of Free Trading? $34 Billion a Year, Study Says. of course the maximum is going to be greater than the average. but this is the tip of the iceberg. study should have compared to brokerages like Interactive that make money off commissions and margin calls rather than kickbacks.

From: Laurel Kenner
Sun, Aug 21, 5:25 PM
To: me

I was at a dinner party last night, with a neurologist. He said that medical people have been forbidden to use the words "sir" or "madam" for patients, and nobody knows what to call them. "Patient 6074?"

I suggested "comrade."

fellow travelers and agrarian economists all around. the more prevalent it is the better for regulatory capture and the market. amazing how none of my tweets are transmitted to an audience except when I pay $5 a follower. apparently I am on a x-list with the algorithms not knowing that whenever reg capture increases, the better it is for market.

the best way for me to approach the market is by paying attention to the interactions between the bonds and stocks. I believe that the fed is mainly interested in stocks and how that will affect the elections. rite now the S&P is down 3 days in a row and the life expectancy hazard ratios are very bullish. a former female associate of mine used to say that the Fed doesn't care about bonds because they all trade stocks. I have found that a good theme to follow even if its only true in part. But no way will they hurt their young-looking boy.

so far the Ibiza trade was rite on only 1 of 3 markets but Dr Brett told me that it gets more and more frenetic in Ibiza as the nite progresses.

My history with Victor is far more personal, as it was his influence and inspiration that brought me to financial markets nearly 20 years ago. It was then that he and co-columnist Laurel Kenner announced an online competition for the best market indicator. I had some free time in my medical school office, thanks to a couple of students who had canceled their counseling meetings, so I assembled my submission. It tracked the average beats per minute of popular music and the level of the Dow Jones Industrial Average. I surmised that we could be near a market peak, citing the growing popularity of the electronic/rave scene, as epitomized at the time in Ibiza. Victor and Laurel declared me the winner, the year 2000 did fortuitously turn out to be a market peak, and the valuable prize I collected was a visit to Victor's trading office in Weston, CT.

From: 3 Things To Learn From Market Speculator Victor Niederhoffer

ibiza not working on bonds yet. don't they realize that when long-term bonds go down, it is self-correcting because it brings economy and stocks down? and remember they have to pretend to help the young-looking bicyclist.

Vic's twitter feed


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