| Author | Message | ||
     Jalsa Junior Artist Username: Jalsa Post Number: 820 Registered: 02-2008 Posted From: 12.71.129.23 Rating: N/A |
self learnt antey sources? oh meerena GS lo working? | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1622 Registered: 06-2008 Posted From: 99.145.167.217 Rating: N/A |
Nope most of what I know is self learnt and at work. My background is Math. | ||
| Jalsa Junior Artist Username: Jalsa Post Number: 818 Registered: 02-2008 Posted From: 12.71.129.23 Rating: N/A |
jackjill babai, nuvvu mba in finance aa enti? Quantum bhai meeru kooda mba in finance aa? | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4269 Registered: 03-2008 Posted From: 76.118.154.65 Rating: N/A |
edho lendi, naaku two minutes kooda time ivvakapothe ..kopam vachindhi emo ani  anyways , lite teesukondi .. Ok, Index options, are by far the most heavily traded options for hedging purposes if somebody is heavily invested in a particular market. This is most conventional form of hedge, not only for hedge funds, but also for regular Mutual fund managers(to some extent). So, it will definetly have market, provided majority of hedge funds survive this market turmoil and have enough cash to invest in IT. You are on the right track, as soon as we see crude oil options/futures doesnt look attarctive, there will be increase in Index Option trading. Bottomline : Pray to God, that Investors should not loose confidence in US financial system, if it is strong, your product will have good market. | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4268 Registered: 03-2008 Posted From: 76.118.154.65 Rating: N/A |
Index options are by far the most actively traded options on any exchange, like QQQQ, SPX and options on Dow. Binary options are another type of exotics, mostly european style, which can not be exercised till the day of expiration, american style options kooda unnayi, which get exercised as soon as the strike is hit... ante ela ante .. ikkada Gold threads lo .. aabhushan .. edho .. deposits & reciepts gurinchi cheptaaru choodu ... ala .. once your specified price is hit.. you can get that price .. anamaata .. ivi mostly OTC.. recently konni exchanges list chesinayi ... they are no way near to Index options in trading volume. Dow, you may be right, eppudo .. cingular tho deal appudu .. i thought At&T were out .. anyways .. | ||
| Oka_lila_kosam Junior Artist Username: Oka_lila_kosam Post Number: 157 Registered: 08-2008 Posted From: 65.26.194.96 Rating: N/A |
Official DLM star OT, OT Nuvvu MOD vi kada. kavali antee nuvvu DLM ayin ee thred ni delete sesukoo. http://www.chalanachithram.com/discus/messages/125/26715.htm l?1221696000  | ||
| Anand_n Comedian Username: Anand_n Post Number: 1131 Registered: 02-2008 Posted From: 209.183.51.12 Rating: N/A |
Jackjill, deeniki kopam enduku vastundi  It is a portfolio of funds -each managed by portfolio/fund manager..veetilo oka major component ki risk mitigation strategy is collar with caps and floors using index options..they use other strategies as well but USP kinda collar use chestunnaru...memu product rollout chesamu..not the risk calculation engine... My question was more in terms of the market viability/performance of such a product...index options for risk mitigation of international funds enta effective in the current markets ...is it worth investing in it aa chal ke tujhe main leke chalu ik aise gagan ke tale jahan gam bhi na ho, aansoo bhi na ho,bas pyaar hi pyaar pale | ||
| Tinku Junior Artist Username: Tinku Post Number: 290 Registered: 08-2008 Posted From: 198.133.105.247 Rating: N/A |
Jack Index options ki demand unda.Recent ga Binary options ani edo vachhayi ga. Also AT & T is still in Dow.Few months ago Honeywell and Altria were removed and replaced with Chevron and BAC. "Nenu kanaka nee laga kula pichi tho edchi unte def ga naaku adhe gathi.....But OT remember this........Nee patanam nee kallatho choosukuntav.......mark my words some where..........." - Quant on OT. | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4267 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
yes .. there are various factors .... which matter .. At&t was thrown out of Dow .. Verizon got in .. Pfizer got in .. ilaaga .. | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4266 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
kopam techukokandi .. naaku telisinantha lo ... if hedge funds make it through this market turmoil .. product might have market. But only Risk management.. kosam oka system konali ante .. pedda clients dorakali .. But almost all Hedge funds would be interested in a product like this as Long/Short and Global Macro strategies are very widely used. But Collar only enti andi, Collar is just one of the Option starding strategy, does it involve Caps & floors ? | ||
| Chantodu Side Hero Username: Chantodu Post Number: 3186 Registered: 07-2007 Posted From: 12.34.246.35 Rating: N/A |
quad tamud h r u | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1601 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
Hmm I am aware of this...But I didn't know what was different in them when compared to others....its true that the config of the index changes some firms go out of business...and I guess the composition is know a priori based on market cap etc right...Index options are standard literature in most books right????? | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2964 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Ala anipinche munde meeku option ichanu..not to answer ani..  | ||
| Hail_the_labour Junior Artist Username: Hail_the_labour Post Number: 361 Registered: 06-2008 Posted From: 65.30.78.134 Rating: N/A |
COOL. | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4264 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
fund of funds .. is completely different than what I am talking abt .. Funds investing in other funds are fund of funds ... Index linked securities are securities which Add/sell equal amount of a particular stock.. based on Market Value weighted or equally weighted ratios .. But my question was abt .. http://finance.yahoo.com/q/op?s=DJX-X.W | ||
| Anand_n Comedian Username: Anand_n Post Number: 1130 Registered: 02-2008 Posted From: 209.183.51.248 Rating: N/A |
Basky/Raju, that's too much information on a public forum - prefer not to answer those questions jackjill, meeku oka questio vesanu post 1126 lo..apreciate your take on funds hedged using put and call index options aa chal ke tujhe main leke chalu ik aise gagan ke tale jahan gam bhi na ho, aansoo bhi na ho,bas pyaar hi pyaar pale | ||
| Hail_the_labour Junior Artist Username: Hail_the_labour Post Number: 358 Registered: 06-2008 Posted From: 65.30.78.134 Rating: N/A |
1988 lo vacchi nappudu, h1b visa undedha.?? or how.. Business visas aaa | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4263 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
I cant tell you this, unless it is published on my company's websoite .. I am sorry ..Any information which is not published is insider, as per Code of ethics and Proffesional conduct .. to be frank I dont want an e-mail from my compliance dept.. And about Index linked securites, I guess you are mistaken abt the way Index Funds work and Index Options work... Index funds just follow their benchmark Index.. whereas Index options are the Call/Put options on a particular Index like Options on Dow Jones, S&P 500 and so on .. | ||
| Anand_n Comedian Username: Anand_n Post Number: 1129 Registered: 02-2008 Posted From: 209.183.51.14 Rating: N/A |
Basky, cool..nadi anta on the job learning ..requirements session lo kurchunte vaddu annanta exposure to business side and my projects include the business process change not just IT so domain understanding mandatoryaa chal ke tujhe main leke chalu ik aise gagan ke tale jahan gam bhi na ho, aansoo bhi na ho,bas pyaar hi pyaar pale | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2963 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Meeru edaina Desi company lo BFSI domain aa? need not answer..if you don't want to .. | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2962 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
uttigane annanu lendi.. I lived in Texas for 5 years..worked in Equities domain..should consider myself lucky to be working there in that domain... Now I am learning other asset classes..and trying to become Multi-Asset class repati roju edaina karuvu kalamu vasthe edo oka Asset class lo udyogamu vasthundi ani ..anthe | ||
| Anand_n Comedian Username: Anand_n Post Number: 1128 Registered: 02-2008 Posted From: 209.183.51.11 Rating: N/A |
Rajusk, Proj mgmt kada- not restricted to vertical- keep jumping across mortgage, brokerage, insurance,equity loans,financial planning etc...but job market very dismal  monna cheppanu kada project funding outlay for next year is abysmal..don,t know how long it will last...aa chal ke tujhe main leke chalu ik aise gagan ke tale jahan gam bhi na ho, aansoo bhi na ho,bas pyaar hi pyaar pale | ||
| Hail_the_labour Junior Artist Username: Hail_the_labour Post Number: 355 Registered: 06-2008 Posted From: 65.30.78.134 Rating: N/A |
I did my PG diploma in BANKING and FINANCE from pondicherry central univ. just domain knowledge kosam IT lo use authadani ani. chesaaa. | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2960 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Specific to any asset class? or all? Anyway glad to know that far off in San Antonio I have a job, in the worst case scenario  | ||
| Anand_n Comedian Username: Anand_n Post Number: 1127 Registered: 02-2008 Posted From: 209.183.51.13 Rating: N/A |
Rajusk, Project management of Financial services applications/products aa chal ke tujhe main leke chalu ik aise gagan ke tale jahan gam bhi na ho, aansoo bhi na ho,bas pyaar hi pyaar pale | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2959 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Anand Garu, Meeru emaina Futures trading application lo dealing aa ? | ||
| Elcaminocapastrino Side Hero Username: Elcaminocapastrino Post Number: 8208 Registered: 03-2008 Posted From: 204.95.150.205 Rating: N/A |
use | ||
| Elcaminocapastrino Side Hero Username: Elcaminocapastrino Post Number: 8207 Registered: 03-2008 Posted From: 204.95.150.205 Rating: N/A |
we sue this when we deal with banks in cash apllication for electronic bank transactions...lockboxes et v etc | ||
| Anand_n Comedian Username: Anand_n Post Number: 1126 Registered: 02-2008 Posted From: 209.183.51.10 Rating: N/A |
SWIFT-society for worldwide interbank financial transctions It is a messaging service - categorised by MT numbers..inka grandhikam eppudo chinnappudu chadivanu monna cost-basis project ki malli use ayyindi Jackjill latest project lo index option collar based productnadi anta - risk mitigation for moderate gain - market undi antara? aa chal ke tujhe main leke chalu ik aise gagan ke tale jahan gam bhi na ho, aansoo bhi na ho,bas pyaar hi pyaar pale | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1595 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
Well ppl traded LehmanAggregate index which was like a fund of Funds... .... | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1594 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
Index linked scurities are very old right in as much as I know? | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1593 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
Kick in...exactly what we tried attacking was a path dependent GIS solutions for some reinsurance client. They were taking secondary exposure to the contingent claims and wanted to know that fair value of that option...It was a nightmare...for my boss to comeup with some acceptable model that could have made them happy...their Hedge costs were way up...and they wanted to see if they can bring it down..So when a pre maturity claim or with drawal kicks in, the fund has to take certain cap assme the withdrawals capped btw 4% and 10% and if the 10% is reached before 60 yrs say the Fund had to bee modelled with a kick in feature... | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4262 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
mee neither ..  I asked a Sr.Trader , he said he will get back to me .. long time ago .. If you know somebody, just ask this question and let me know ?? As such, an Index is an Imaginary portfolio, so people start trading derivatives on these Imaginary portfolio's, what do they deliver at expiration? There should be way these are trading .. but my small brain is not thinking beyond its parameters .. | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1592 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
No | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1591 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
btw what is SWIFT?? and Jack....are u into asset management??? If so what are people using now as a replacement for Lehamn Aggregate for the sake of Fund Modeling??? | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4261 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
barrier .. options .. wonderful .. like kick-in .. kick-out .. did you ever come across .. HDD ... CDD concepts .. energy options .. | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1590 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
When I say exotics my knowledge is limited to barrier options of certain kind | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1589 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
hmm assuming u are asking whether I know what are delivered at the expiry. Frankly, NO. I had experience modeling some look back puts for some botique shop. All I know is that they are moving boundary Stoch Diffe Eq and they are proper nasty computationally.....most of them are not Lyapunov stable. In school I worked with Levy processes with improper martingale measures..for some energy diffusion statistical physical problems. My experience is limited to that | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4260 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
No I work at XYZ Investment Management in their FI & Derivative Operations .. kaani .. Equity desk ki vachindhi message .. edho .. vinayakudu paalu taagithe pilichinattu .. pilichi soopinchaaru ... traders & Ops analysts .. mammalni .. | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4259 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
You are taking to heart ... there is no King or queen in the society .. if one subject is everything .. there wont be balance .. in the society .. exotic Indices & Index options ... funny subject ... do you what are delivered at the expiration of these Index options ?? | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2956 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
JJ you work on SWIFT ? | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4258 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
I am not a Qunaster .. so I hardly understand your statements .. except the above one ..the efficient market hypothesis... After all said and done........ Why were people trying to trade, securities which are not even priced by market, where the basic principle of supply and demand drives the prices ? MBS.. these were uneccesarily complicated ..in the name of OAS .. assumptions .. yeah right .. I have seen them change these left and right ... just to come up with a attractive trade .. wiht out thinking about default risk.. which is only possible by over complicating & over quantifying .. I am not saying that Quant should be out of or ruled out of financial markets, but over dependance on quant caused the problem. Money is like energy .. if somebody is loosing money ... somebody else should be making money .. but it does not look like the case now ... because they were trading money .. which never existed .. thats leverage .. PS : First time on my desk, I saw a Bankruptcy Corporate action Swift msg come in today .. a day late .. Lehman brothers .. sad to see .. | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1587 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
Hmm I dont think I can guess on that. I don't qualify to comment on that... as a layman I would hope so | ||
| Chiru_fan Comedian Username: Chiru_fan Post Number: 1232 Registered: 04-2008 Posted From: 170.22.76.10 Rating: N/A |
/THEY WERE SIMPLY DEFEATED BY FORCES OF MARKETS AND no amount of smartness can handle that much info... / Do you think that there would be some change in their attitude towards the market in the near future so that they would not mess up the insitutions with their stupid decisions? Mera puranaa naam...Idlebrain_fan | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1586 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
Adhe kadha cheppedhi Raju garu...executive decisions are made by management and they just value on the money u make on the back of the products u make...U are only as good as ur previous trade...They KNEW that they were selling crap....and it got to the point that they blieved that what they sold was "may be not crap" and started buying it back...coz IT was making "NOW".....NOW THIS BONUS...dictatates everything.....what I was saying was that...they got sucked into the whirlpool not because they didnt know what they were dealing with...THEY WERE SIMPLY DEFEATED BY FORCES OF MARKETS AND no amount of smartness can handle that much info... Can you predict the course of weather 100%..NO its too complex a dyanmical system for that..Ur model.when it works it works....Thats the best u can expect out of it...even that much certitude is a bonus right than complete chaos | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2951 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
I heard that they were the best on the street during the heydays of FI...kaani intha detailed gaa teliyadu..good to know Kasi bidda laaga unnade..30s kooda touch kaakonda 700k per year ante | ||
| Chiru_fan Comedian Username: Chiru_fan Post Number: 1231 Registered: 04-2008 Posted From: 170.22.76.10 Rating: N/A |
/Fixed income Quants....YES........and thats very big dept.....Jr Quant aina telikemo kaani....to be hired directly as Quant Modeller...is no kids play... / Mari antha thelivi thetalu vunna vallu vundi kooda antha pedda company downfall yenduku predict cheyyaleka pooyaru? Mera puranaa naam...Idlebrain_fan | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2950 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Welcome to Capitalism...it comes with a prize.. Only the street smart survives ..there is no scope for complacency People should realize that not many people can work for Government of India for 35 years and get a salary no matter what..and also a pension... | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1585 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
Fixed income Quants....YES........and thats very big dept.....Jr Quant aina telikemo kaani....to be hired directly as Quant Modeller...is no kids play... I know a guy from India who got hired as a advisory consultant before he finished UG...as he traded to consistently beat their model for 2 years...and that guy the last I knew was JEE Air 1...went to caltech on a VonKorman fellowship...got his PhD in 3 yrs after UG in philosophy and Pure math....and earned abt 700K per year..of crse he came out and now is with google!!! | ||
| Hail_the_labour Junior Artist Username: Hail_the_labour Post Number: 345 Registered: 06-2008 Posted From: 65.30.78.134 Rating: N/A |
endi naa thokka. INDIA lehman employees got 24 hours JOB notice. just. Isiri road meedaku paddaru. emi lehmann ayyya babu, they dont have any projections, alternatives aa... I guess it could be some insiders handy work scammm type | ||
| Hail_the_labour Junior Artist Username: Hail_the_labour Post Number: 344 Registered: 06-2008 Posted From: 65.30.78.134 Rating: N/A |
koddiga Extra ga undemo eee qualification. | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2948 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Thanks Quant..Is this applicable only to their Fixed Income or company in general.. I got an offer from them in 2003 and I turned it down at the last moment.. I am happy that I did not go there.. Not sure if I should be proud of it or not (will wait to hear from you)  | ||
| Hail_the_labour Junior Artist Username: Hail_the_labour Post Number: 343 Registered: 06-2008 Posted From: 65.30.78.134 Rating: N/A |
Assets, Liabilities ratio. Assets in the form of FIxed, non-fixed. Banking investments speculative fields lo ekkuva exposure ivva koodadu. | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1584 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
For some yes...transport urself back in time and try getting into their fixed income group. May be u r so smart that u can crack them...but FYI they hire only the super smart....U are talking about Wolf prize winning mathematicians too and yeah if u deem u are smarter than them....then ALL the very best...may the world benefit from ur expertise | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1583 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
You shud then try writing Mike spence or some one so that they can hire ur services to world bank and then the best brokerage firms will follow suit..... | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1582 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
Can u out of ur infinite expertise suggest the fundamental rules of banking??? | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2945 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Ledu Brother...too much Grandikamu ayyipoyindi...it went over the head like an Allan Donald bouncer anthe..vere vallaki samaj ayyiundochu.. i am just a Layman ..luckily not at Lehman | ||
| Hail_the_labour Junior Artist Username: Hail_the_labour Post Number: 339 Registered: 06-2008 Posted From: 65.30.78.134 Rating: N/A |
Lehman emanna PISTHA company aaa... basic fundementals marisipoyyi banking sesthe Lehman ayina okate, world bank ayina okate. | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1581 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
what happened raju garu anything wrong in the statement of mine??? | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1580 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
JackJill, FYI jeff bezos was a quant..........Hal varian the inventor of Google adsense was a quant!!!!!!!!!!! Sergi brin's concept of social networks using isomorphic topological groups (tho he doesn't know it) which quants at botique shops used long time back to devise correlation between exotic indices!!!!! MATH IS KING... | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2942 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
 | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1579 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
This is a sweeping generalisation...even calculation of continuous compounding of interest is quantitative that uses finite calculus which is not a satisfactory method for certain classes of rate problems!!!!!!...and actually ppl recognized spreads in that too....what other way can you specify???? The point is that....investment is not completely a fail safe process coz U have emotive chars governed by the underlying of avarice....NO HUMAN WOULD SAY I DONT WANT ADDITIONAL MONEY if it is possible...for all the philosophical caveats...that question is impudently philosophical and I bet no one can change that tone of investments... When I package a crap MBS and approach a bank...what they ask me is whats the return Vs risk ratio....No one just takes risk as the criterion......What ur comments entail at is a direct challenge to the notion of grand principle of Capitalism: "Equilibrium exists in free agent markets and all prices reflect all the information out there"...... This is an AXIOM in modern economics. If this holds then.......Merton's model is one beautiful piece of extension of this albeit mathematical and it completely quantifies that AXIOM. What goes on at Quant desks is just extension of these....very easy qualitatively to understand but requires real smart heads to implement...we are talking about stochastics....Its the ONLY way to model uncertainity out there...!!! | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4257 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
annai ... veeti anniti kante mundhu .. manushulaki .. jobs unte .. anni sardukuntaayi .. edava tokkalo ... 600 $ .. teesukuni .. pandaga sesukomante .. ilaage untundhi .. | ||
| Proline Comedian Username: Proline Post Number: 1158 Registered: 06-2008 Posted From: 170.22.76.10 Rating: N/A |
A Checklist for Tracking the End of the Credit Crunch 1. Real estate values – must stabilize or edge higher 2. The rate of existing and new home sales – must rebound 3. Credit conditions – must ease up substantially 4. Crude oil prices – must continue to decline and then stabilize How Are We Tracking Now? 1. Real estate values – Encouraging 2. The rate of existing and new home sales – Less encouraging 3. Credit conditions – Discouraging 4. Crude oil prices – Encouraging . | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4256 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
They were leveraged, but as soon as Wall st got to knwo them , they crushed them mercilessly. Once again, two Nobel prize winners on the board, trying to get unecessaryily quantitative, forgetting the basics of investing/trading .... we see the Genius fail .. and its ought to happen .. again and again and again .. Know the basics ... cash is king ... dont be way too faar sighted ... dont try to calculate .. in the money .. out of the money probabilities for 2140 expiration .. | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4255 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
Thats exactly what I am saying .. it doesnt take 10k Quants to shook the market .. and I am sure .. you are not proud that only 50 quants were able to shake the market .. | ||
| Balapam Junior Artist Username: Balapam Post Number: 89 Registered: 03-2008 Posted From: 199.67.131.151 Rating: N/A |
http://www.nytimes.com/interactive/2008/09/15/business/20080 916-treemap-graphic.html | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2940 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Veedu saavu kaburu sallaga septhunnadu The worst of the financial crisis may still lie ahead and more major financial institutions may face trouble in coming months, IMF director general Dominique Strauss-Kahn said on Wednesday. | ||
| Getafix Junior Artist Username: Getafix Post Number: 421 Registered: 02-2008 Posted From: 208.242.14.185 Rating: N/A |
Investors across the board are at fault too.. financial markets ni load chesi odilaru recent times lo.. Recent years lo chusina vatilo okkadu okkadu vere industry vypu chudanukuda chudaledhu financial markets thappa. | ||
| Chiru_fan Comedian Username: Chiru_fan Post Number: 1228 Registered: 04-2008 Posted From: 170.22.76.10 Rating: N/A |
Quant bhayya, may I know what is your specialization? I mean nuvvu finance sector loo analyst vaa? Mera puranaa naam...Idlebrain_fan | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1578 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
I agree especially when linked to long term cash flows this is a big factor...BIG but there is no way in known literature to quantify it....for an example Actuaries define defualt risk on the back of historical data and some relative freq intrepretation....but that not true for these things...they are tied to broader capital markets conditions.... ECONOMICS IS NOT A SCIENCE...its a covenient set of heuristics tied together as accepted practices....... Thats the reason why there are so many smart mathematicians who become economists...coz its a field in the making and IMO it can never be a science...its too much information to statistically make sense of...... | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2938 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
made sure that the Indian system DID NOT go down the same track | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1577 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
true...that was a big chapter in quant finance....ppl havent learnt from them...actually.....ppl then stripped bonds...and made huge spreads out of it...and the default of russian rouble was a extremal movement that they never thought of....in LTCM....I mean look at 10 yrs before they went bankrupt...THEY DEFINED WHAT THE TERM PROFITS .....they had so much leverage that ppl didnt understand...what they were doing........ and its not that LTCM was a mammoth shop...it hardly had 50 quants...yet they shook wall street.... | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2937 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
It is a WAKE UP call to the American lifestyle...Spend without having the money in the pocket... I am hoping that this time around people (the general American public) will start learning their lessons..either through forcible Government regulation or lessons learnt the hard way (like now)... Fortunately or Unfortunately (may be due to so many scams/uncertainty in life) ...people in India and some developing nations are very skeptical when they make investment decisions...you will find few people who invest recklessly in any asset..unlike here...also RBI's timely intervention in maintaining the lending rates etc...made sure that Indian system went down the same track.. | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4254 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
Not everything has to be quantified.. default risk is something .. one should care about .. when taking crazy bets.. not just numbers .. especially when you have seen .. examples like LTCM .. academics (on the financial & academic) side .. have been warning about this situation .. | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1575 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
I dont think so....What do u mean by injecting new capital....The fact is there is no capital...to the measure of trades being executed....on the back of the exposure they are trying to take..... Classically what they have to do is to try restructuring their risk tolerance...coz at a certain level as Raju said...its more behavioral....U make money now...U know its bad in the long run...but I need my BONUS NOW...finance idustry lives in the present and thats the truth... They need to restructure their Accounting standards.....AIG is a result of great accounting FRAUD.......they are the bad boys os insurance and have been so for so many years now....U can look at any independent report...and any one can understand...they were bound to FALL....... | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2936 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
New capital from where ? BTW, Whose Balance sheet are you referring to? | ||
| Rocky Junior Artist Username: Rocky Post Number: 145 Registered: 02-2007 Posted From: 68.99.54.200 Rating: N/A |
The only solution for this problem is injecting new capital instead of shrinking the Balance Sheet. | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1574 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
U may be right...but there is no one on the face of the world who can quantify Economic viability..........all we have are approximate answers to abstract questions...... and IMO...quants brought glitz back to economics.....turned the sterile field of social sciences into the most rigorous mathemaical structure in recent decades...look at ppl like Derman, Heinke et al...these are Grade A particle physicists and they turned to finance coz they know they can do something original there...something big....... | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1573 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
what u are witnessing today is a result of a bloated system which was bound to burst at the seams....and this is not a dislocation of the financial system that we are witnessing...it is a permanent reshaping of the world financial system...the finance industry will shrink to 1/3 of its current size and the jobs we loose "WILL" not be created again.....as simple as that..... anyone interested read..."Globalization and its discontents" which has a speciual chapter on asymmetry in information dissemination. Though the context is diff, it is the problem today...when morgenstein devised a Game theoretic approach to economics he devised ratings as a nullifier of bias in agents.....but what happened was that he didnt consider the INCENTIVE of a rating into picture.....they has to be a new model...... | ||
| Maverick Side Hero Username: Maverick Post Number: 6043 Registered: 01-2008 Posted From: 192.146.101.24 Rating: N/A |
welcome back | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1571 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
This is 100% true....last year I was at this conference in italy by Morgan...and there was this guy from moody's rating...they were pampering him like crazy and what he did was to get up and sing praises of these MBS and how this will go on and on..... when ppl spoke of risk and managment...they just didn't hold attention......Old mutual life insurance.......they have been downgraded today....I guess after selling 3 billion of crap insurance products in last 8 months.........They knew they were selling crap yet...they did it........to sound good on their books | ||
| Quantummorphed Comedian Username: Quantummorphed Post Number: 1570 Registered: 06-2008 Posted From: 199.171.86.140 Rating: N/A |
in as much as I know all quants do is to price a instrument under several suumptions risk nuetral or whatsoever............Who defines risk the capital markets assumptions...not the Quants.....they are set by economists whoa r not quants....at all..... When merton built the math model behind option pricing he made assumptions which enabled mathematical analysis...towards closed form solutions of that setting...not that those assumptions were valid...read his paper..... Later macro economists validated his assumptions...read Cox,Rubenstein et al.. Option pricing: A simplified approach. In as much as I know, financial engineering is one of the toughest pursuits of applied math and its not a joke to be a recognised quant....these desks have some of the crazily smart ppl that I have ever seen in my life....for example Lehman had a guy called Lednov ...a 21 yr old Phd Grad from Steklov math institute in russia..won all the math famous math olympiads across the globe when he was 11!!!! | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2933 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
That whole system is a joke..you pay a company to rate you...and still call it independent rating ...and sell it off to investors..  | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4249 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
may be true .. but too much dependance on Quant .. without looking at economic viability ... and default risk is what I think is the reason for the turmoil .. | ||
| Hyderabadi10 Junior Artist Username: Hyderabadi10 Post Number: 562 Registered: 04-2008 Posted From: 199.43.32.86 Rating: N/A |
now goldman down 24% and morgan down 36%...... its getting crazier | ||
| Hyderabadi10 Junior Artist Username: Hyderabadi10 Post Number: 561 Registered: 04-2008 Posted From: 199.43.48.129 Rating: N/A |
i think the credit ratings system is also screwed up.... if a company performs bad...the rating go down resulting in investors not putting in their money and this further takes the firm down.... | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2932 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
My thinking are these two are related.. If the Investment Banks were not after Crazy profits to show quarter after quarter they would not have thought about MBS etc and get into this financial mess...they would have done their traditional business..which is Investment Management/Mergers and Acquisitions/Brokerage/Retail Banking etc.. The GREED for quick money to show on their books..is what resulted in this mess | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4246 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
it is just a bad time for Fuld, he is one of the guys I idolize on Wall st, man graduated from Boulder, Colarado , spent his whole life with lehman , starting at the Bond Trading desk and has built Lehman a very strong FI shop ... something went wrong .. He doesnot deserve this .. he himself lost around 700 mill in equity ... | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4245 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
you are talking two different things .. Accounting scandals are completely different from... what is going on right now ?? This is Credit crunch .. Investment Banks are failing because of leverage and stupid bets .. lack of liquidity and cash generation .. this is because of some financial engineer .. made a model with no .. economic input .. I am sorry ..This is just my opinion .. No doubt .. CEO's are supposed to be blamed too .. as they never tried to understand .. whats going on at their Arbitrage desk or Credit derivative trading desk .. The market turmoil .. could have been controlled .. if the firms were not so crazily leveraged .. | ||
| Elcaminocapastrino Side Hero Username: Elcaminocapastrino Post Number: 8188 Registered: 03-2008 Posted From: 204.95.150.205 Rating: N/A |
"Wall Street analysts believe that it was the 'hubris' of Richard Fuld, the 62-year-old CEO of Lehman, who did not take the telltale signs of impending doom very seriously. Fuld, nicknamed The Gorilla for his foul temper, intimidating presence and tough talk, rejected many bids to save Lehman because he thought that the sinking giant was much bigger than Wall Street was giving it credit for, and wanted to get more price for the sale of the company." are'nt all jewish ceos like dat  ....he is the same CEO since 9Os ...idhi sollu point | ||
| Rajusk Side Hero Username: Rajusk Post Number: 2931 Registered: 02-2008 Posted From: 66.93.90.250 Rating: N/A |
Blame the Regulators or who ever who made quarterly results as a measure of success of these mega corporations.. How can any company turn profits ..quarter after quarter...without..fudging results... I was told that it was not so about 15/20 years back...back then it was Annual results..in which case you have enough time to generate profits or cover up your mistakes.. But with this Profit only culture..they have ruined the faith in the companies..See the list of companies that collapsed because of this Profit manipulating culture ...quarter by quarter.. WorldCom Enron And today we have the who's who of Wall Street collapsing for the same error.. Do not blame the quant's for it..they were just the foot soldiers.. | ||
| Jackjill Side Hero Username: Jackjill Post Number: 4244 Registered: 03-2008 Posted From: 206.243.134.73 Rating: N/A |
I have to blame .. to much of financial engineering .. these quants are .. ruining the market .. JMO.. | ||
| Elcaminocapastrino Side Hero Username: Elcaminocapastrino Post Number: 8185 Registered: 03-2008 Posted From: 204.95.150.205 Rating: N/A |
http://specials.rediff.com/money/2008/sep/16slde4.htm too much kadha....real estate slump ki whole US rail road ki finance support ichhi 150yrs history 60 yrs nucni same CEO bank... tappani padindhi... } |
