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As someone who has worked in finance and specifically a trading floor - i can confirm that it is widely read by traders/market-makers/risk-takers in those space
by seven4 6y ago
As someone who has worked in finance and specifically a trading floor - i can confirm that it is widely read by traders/market-makers/risk-takers in those spaces.
It's not that those people are inherently bearish or expect the world and financial markets to "go to zero"; but they understand that informed decisions and fair market pricing arises from a matrix of ideas. Zero hedge takes an extreme starting point for most of its commentary/coverage but as long as you know that slant exists it can become a useful input into thinking about the "bear scenario" or the "tail scenario". Knowing that it has reached a critical mass and that other traders read it - it becomes a harder to ignore point of information.
- jevgeni 6y agoI worked in derivatives trading. ZH was mostly laughed at. At least lately, when it became a more racist RT.
- koheripbal 6y agoI'm not sure if you're really in derivatives trading, because ZH has become a f*ing hero on our trading floor as if drove many positions to the short side in Feb because of their early coverage of the covid crisis. They published a number of warning indicators that we just didn't see anywhere else.
- linuxftw 6y agoThe problem with all trading is overcoming the HFT and market movers. If they see enough shorts, they shake you out. Even if I 100% know a company is going to go down, shorts always seemed to get squeezed, and it's completely rigged IMO. You need to have super deep pockets to avoid margin calls and a complete lack of fear to avoid total ruin.
- jevgeni 6y agoMostly structured products, like credit correlation in Europe.
- koheripbal 6y agoThere is content on ZeroHedge that you just cannot find anywhere else. In early January, ZH was publishing multiple articles a day on Covid-19 with details that neither the WHO, nor Chinese media, nor mainstream media were reporting. Novel economic indicators showing the virus impact / reports from crematoriums in Wuhan / reports from Chinese dissidents ...and all while HackerNews and Reddit was filtering the stories, telling everyone it was just the flu, and that masks don't work. Even today, there are topics being discussed that aren't getting much attention anywhere else. Topics that critically inform some of the investment decisions we make managing our portfolio. There's a lot of garbage on ZH, sure, so you need a mature filter, but maybe adults should be able to filter, right? Maybe if you can't read stuff you don't agree with without being offended... maybe we should have a special protected internet for kids?
- timmytokyo 6y agoZH boosters in these comments keep saying variants of this: "You have to have a good BS filter to find the good stuff on ZH, but it's there!" Sure, if you look backwards and cherry-pick only the accurate stuff while ignoring everything they got horribly wrong, then yeah, the site's going to look good. But that's true of any bullshit-peddler. In fact, that's the very essence of what a bullshit-peddler does: throw bullshit at the wall, knowing that some of it will stick, and gullible people will forget about all the stuff that didn't stick. If you really want to prove the site's credibility, then perform some of this vaunted BS filtering in real time. Give us some examples of accurate predictions ZH is making today that can't be found on any mainstream media site, and let us evaluate their conformance with reality 3 or 4 months from now.
- koheripbal 6y agoNo one is trying to demonstrate the sites "credibility". The point is to get the unfiltered feed of news. ZH gets news from various sources - many are totally unsubstantiated and have varying degrees of evidence. This isn't a "reputable news" source. It is a RAW feed. You need to be an adult to understand and read it and disregard the BS.