Option Strategy: Long Gamma, Short Vega – Volatility is an asset class that trades under different regimes. During very calm periods with more economic certainty and stability, volatility trades at very low levels. When corporate earnings become uncertain, GDP growth is unknown, and jobless rates are high, volatility tends to shift and trade at higher levels. This might seem like an overly simple concept, but it is important to keep in mind at all times when trading options. The question becomes: are we in a high volatility regime, a medium volatility regime or a low volatility regime? – Surly Trader
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52 Interviews At Goldman Sachs – One Job Offer – We’ve all heard those stories about the number of interviews it takes to get on the payroll over at Goldman Sachs, but many of those stories are received second or third hand, and lots of us wonder whether most are apocryphal. It’s interesting, then, when a former Goldman Sacher comes out of the woodwork and lifts the lid on the firm a little bit. … Sarkis, 38, claims that he had to attend 52 interviews before landing a job at Goldman in 1992, and kept hearing the same words throughout the recruitment process – ‘team player’, ‘dedication’ and ‘client focus’. He also says that, during his fifth round of interviews, a trader suffered a heart attack on a trading floor, slap-bang in front of a number of interviewees. … – Here Is The City
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How Quant Traders Use American Holidays To Make Millions Trading The S&P500 – Vincent Fernando – has 2 examples – Money Game at Business Insider
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One Low Cost Of Capital To Rule Them All – Submitted by Tyler Durden – The only chart that matters for the past 3 decades, courtesy of Morgan Stanley. – Zero Hedge
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Determining Gold’s Fair Value – Today’s gold price in US dollars may be at fair market value. In other words, future gold price appreciation will be caused by increases in money supply and/or speculation. – Plan B Economics
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has lists – BlackRock’s Crystal Ball into 2010 and the Next Decade – By Dian L. Chu –
BlackRock, Inc. (BLK) Vice Chairman Bob Doll has been putting out annual predictions for 15 years. Doll, who helps oversee about $3.2 trillion at BlackRock, the world’s biggest asset manager, just released his ten predictions for 2010 and for the next ten year. Eleven of the twelve predictions he made for 2009 were right. Below are Highlights of his latest market forecasts. – Economic Forecasts & Opinions