Perspective

With all the gnashing of teeth regarding the collapse of the USD and the subsequent end of civilisation as we know it should this fall continue I thought I would post a chart of the USD Index. The USD Index measure the performance of the USD versus a basket of currencies. On this chart I…

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Open versus Closed

Interesting chat on the mentor forum this weekend regarding open equity, that is the value of your positions measured to the current close versus valuing positions to the level of their stops. This discussion was prompted by the following graphic I posted which looks at one of the advisory service portfolios. This portfolio trades a…

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Madoff Revisited

Excellent podcast on Bernie Madoff who has become something of a lightning rod for all of Wall Streets sins. It is interesting that all the red flags that were raised to Madoff including the excellent work by forensic accountant Harry Markopoulos were ignored.

Banker Pay

Apparently $1.6 million is not a lot to get by on…….. WSJ …. The paymaster noted that median precrisis pay was about $2.2 million a year. On average, some $200,000 came in base pay, with the remaining $2 million coming in an annual bonus, about 60% of which was paid in cash. That is roughly…

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