The Infinite Creativity, from Victor Niederhoffer
The infinite creativity of the market mistress, (who must be very good on the romantic front) gives us and me, a 1% down open after an unchanged day, vis a vis close and yest open to close, to help relieve the weak from their funds in a summer month.
Anatoly Veltman writes:
I listened carefully to everyone at the annual FX WEEK conference Tuesday at NY Hilton. The complacency toward the EUR currency trading levels was stunning: some called 1.22 bottom and rally to 1.32. I was profoundly baffled. Yes, there may be opportunistic pops here and there - but that currency is conceptually doomed. I wonder if equity holders will ever want to take this doomdom into some consideration