HiLo

13 ms·

121.
by HiLo 11y ago
Yeah, there's also 50% of the US' refining capacity along the Gulf Coast, as well as a massive new surge of crude and therefore products in the area. They simply can't get enough dockspace or pipeline takeaway capacity to m
122.
by HiLo 11y ago
Wow, nobody mentioned the natural rate of interest yet?
123.
by HiLo 11y ago
Yeah so actually the IMF puts out some great economic research that is pretty highly regarded across the econ community, further, your pet theory for what happened is really only accepted in maybe some media outlets, but not really the acad
124.
by HiLo 11y ago
What? The LIBOR scandal was Wall St banks.
125.
by HiLo 11y ago
Very good point, I think it's very telling that they seem to have minimal appreciation for those fields. These techies hate the Wall Street types but are quickly becoming them, like the nerds who became jocks.
126.
by HiLo 11y ago
lol, probably true, but it's actually pretty easy to keep up with accounting standards once you're somebody with his experience and you just have access to the FASB website, like we did in my accounting class in university. On a s
127.
by HiLo 11y ago
You know, financial theory pretty much has this theory of people lending directly to each other not looking so good. Quite frankly, you have zero predictive ability to outperform the market, particularly over an extended timespan or multipl
128.
by HiLo 11y ago
That's such as simplified analysis. Perhaps there's no shortage (unlikely given Texas' power needs), perhaps there's transportation bottlenecks creating local oversupply? That price has to lower to send the price signal
129.
by HiLo 11y ago
Startup events remind me a lot of what it was like going to investment banking and sales & trading events, or financial conferences. Every overachieving Ivy Leaguer with no real sense of who they are or what they want to do just chasing
130.
by HiLo 11y ago
I'm actually at a bit of a loss for words that somebody thinks a business can be reverse engineered just by looking at it as a black box system. There are so many intricacies with cash flow forecasting and management alone, requiring d
131.
by HiLo 11y ago
I would just like to add that multiple concentrates from different locations are frequently blended before being smelted into a refined product, so, even more to your point...
132.
by HiLo 11y ago
Inside the matching engine, there's a sitting limit order on the limit order book flagged as a retail order, just off the bid/ask. Whereas you may not have taken the other side of that resting order before, you might now because y
133.
by HiLo 11y ago
How would this work in areas where local cartels already have control over these types of assets?
134.
by HiLo 11y ago
Meanwhile, nobody on here complaining about those mutual fund fees that are orders of magnitude bigger than HFT haircuts for the savers themselves :)
135.
by HiLo 11y ago
The only reason retail orders actually get matched up well is because they're flagged as retail, are known to contain less information, and are a statistically good bet to transact against. Fundamentally, this was around before HFT and
136.
by HiLo 11y ago
Can you guys explain what you mean by a sentinel order?
137.
by HiLo 11y ago
That's a pretty interesting solution to a pretty interesting problem. This happens all the time in the physical commodities markets - you insert or remove a document required to make payment on a letter of credit, shorten the time wind
138.
by HiLo 11y ago
"Remember kids, Wikipedia is not considered a valid source for your essays." lol k
139.
by HiLo 11y ago
I live in Houston, and am moving to LA soon over NYC (finance + commodities background) or SF (fits current career path). I know NYC and SF can be really cool places, but you really have to stop pretending they are unless you really are pul
140.
by HiLo 11y ago
solid pr
141.
by HiLo 11y ago
Although I already have my finance degree and wouldn't so much need it, getting my CFA is a near-term goal. Learning wise, trying to completely re-learn mathematics, starting with books like the Mathematicians Delight and beginning wit
142.
by HiLo 11y ago
Haha I like that comment about how everybody is bashing the use of median income while offering a more arbitrary and harder to measure metric instead. Somebody correct me... but wouldn't that be a pretty good metric if it's pre-ta
143.
by HiLo 11y ago
They don't have enough berths. However they have really fast turnaround, 1-2 days for jobs that for most others take 2-4 days. Edit: this is partly because they have so little space and have to share so much with petrochemical and othe
144.
by HiLo 11y ago
Considering most on average do fail, most people will never recover from this financial damage before they die, particularly later in life when the differences are most pronounced and the marginal dollar is much more valuable due to rising
145.
by HiLo 11y ago
I was in finance as well as trading risk management at one of the largest physical commodities trading houses in the world ($100+ billion revenue) and orders, positions, PNL, inventory, inventory movements, market research and analysis, and
146.
by HiLo 11y ago
Most commodities markets get really thin a few years out the curve as well, so if you're a large producer wanting to hedge your production the next few years it may still be pretty tough without lots of slippage.
147.
by HiLo 11y ago
lol those fees
148.
by HiLo 11y ago
I understand your concern and do appreciate your point, but can you elaborate on why you think the definition is so black and white? Simple illegality oftentimes makes wrongdoing less clear, for example with insider trading.
149.
by HiLo 11y ago
John Arnold (former Enron energy trader) also posted something on Bloomberg View, and the main gist of the article was: Front-running is profitable against traditional orders entered by humans. But with spoofers in the mix, the picture loo
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by HiLo 11y ago
wilmott

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