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Jedi2155

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tl;dr insider trader makes $339,421 in two days, realizes the SEC might notice and tries to refuse payment of his earnings. All but one of the brokerages he used took his money.

 

 

Broker:
Hey, you made $47,100 on a $1,200 investment,
3
nice trade, where should we send the check?

Peixoto:
No never mind I was kidding.

Broker:
What?

Peixoto:
I just ... I just don't want the money. For reasons.

Broker:
So you want me to keep it?

Peixoto:
Sure, whatever, I just don't want to talk about it any more, okay?

Broker:
Yeah I don't think I'm going to do that.

 

http://www.bloombergview.com/articles/2014-09-30/accused-herbalife-insider-trader-tried-to-take-back-his-trades

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Since the discussion of rent versus buy has come up a few times, this is a good calculator IMO for making that determination.

 

The property calculators (there are quite a few) on this site really helped me have the right decision for my home.

 

https://www.scefcu.org/forms-info-tools/calculators?CALCULATORID=HF05&TEMPLATE_ID=www.scefcu.org_1

 

Here are the other calculators I've been referring to:

https://www.scefcu.org/forms-info-tools/calculators

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I found this living wage calculator, it makes some rather broad claims on what it expects individuals/families to be paying for food, rent, and other expenses. Personally I find their estimates to be incredibly low, not to mention they don't take into account any savings.
Here's the page for Fullerton:

http://livingwage.mit.edu/places/0605928000

And for all listings in California:

http://livingwage.mit.edu/states/06/locations

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I skimmed it real quick and I don't understand what estimates you are referring to that are low? I find it very reasonable.

 

I calculated that my required living expenses per year are something along the lines of $10,000/year excluding housing. That includes going out and doing the usual things I do. Housing adds another $500-1200/month depending on where and how you live.

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OC's rental highs and lows

Highest average "effective" rent (rent after concessions)

Rank

Submarket

Rent

1

Newport Beach

$2,223

2

South Irvine

$2,091

3

North Irvine

$1,945

4

Huntington Beach

$1,585

5

East Anaheim/Orange

$1,577

Lowest average "effective" rent

Rank

Submarket

Rent

1

West Anaheim

$1,300

2

Buena Park/Cypress

$1,416

3

North Orange County

$1,484

4

Tustin/West Santa Ana

$1,517

5

Santa Ana

$1,561

Source: USC Casden Multifamily Forecast

 

http://www.ocregister.com/articles/rents-638031-apartment-percent.html

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Green said the only thing that could dampen rising apartment rents would be if more renters doubled up or moved elsewhere. If that happened, “vacancies could increase and drive down rents,” he said.

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20141018_gdc022.png

 

Volatility Index has just hit a 2 year high. Also you have things like Netflix getting hammered and losing 25% in after hours trading yesterday. We might be in for a market correction.

 

You also had this happen a few days ago. These graphs show someone dumping $750 Million worth of S&P 500 eMini futures contracts in 28 milliseconds.

20141013_ES15.jpg

20141013_ES12.jpg

Source: http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks

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Ponzi scheme in EvE.

 

 

2 players setup a front as a bank paying 5% interest from EVE players. After they managed to garner 1 trillion isk (~$50,000+ USD) of in game money they called it quits and updated the website to say thanks for the isk. You're screwed.

GG ponzi schemes.

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I remember hearing about that 3 years ago. Because Eve's financial markets are such an important element in the game, it's only natural that people try and take advantage of it.

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*mods feel free to move this comment to the EVE thread*

Join us in more scamming Ren, I got like 4 or 5 RL friends to join up, 4 are in my corp. alone. I need you ren.


Also unlimited skill queue now....

 

https://community.eveonline.com/news/dev-blogs/longer-queues-expected-skill-training-above-and-beyond-24-hours/

 

And finally multi-sell on your items.....

 

https://community.eveonline.com/news/dev-blogs/sell-all-the-things-with-phoebe/

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Oil is falling all over the place. Here's a couple of nice graphs showing WTI (crude oil) and Canada Heavy Crude falling to levels not seen since 2009.

 

20141211_oil.jpg


20141211_oil1.jpg

 

Compare that to the breakeven price per barrel for the various projects we have in the US.

 

20141107_shale.jpg

 

On a semi-related note, I filled up today at costco at $2.95/g for premium.

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These are the two charts I've been checking on a regular basis:

 

http://www.bloomberg.com/energy/

 

http://www.bloomberg.com/quote/USDRUB:CUR

 

I'm also hearing some conflicting but still crazy reports out of Russia (go figure craziness out of Russia). Yesterday NPR/BBC was saying there were no currency lines or bank lines. Today I'm hearing there are both, and that anyone with significant amounts of money is buying every appliance and piece of expensive electronics they can get their hands on.

 

http://www.cnbc.com/id/102273163?#.

 

Also yesterday it was so bad that several of the foreign currency exchange brokers halted trading with the Ruble:

http://www.bloomberg.com/news/2014-12-16/ruble-swings-too-much-for-retail-brokers-as-they-suspend-trading.html

http://www.zerohedge.com/news/2014-12-16/usdrub-pair-will-be-discontinued-due-recent-instability-russian-ruble

 

But like all things finance, we live in a globally connected world and so we just ended up with people using the Norwegian Krone as a proxy, this is the result:

20141216_RUBNOK.jpg

http://www.zerohedge.com/news/2014-12-16/ruble-trading-dead-meet-new-ruble

 

And you probably heard about Russia's central bank (CBR) raising interest rates from 10.5% to 17%. I wonder how all of this will unfold. But don't worry, because Putin won Russia's man of the year again... for the 15th year in a row.

http://www.businessinsider.com/putin-wins-russias-man-of-the-year-for-the-15th-time-in-a-row-2014-12

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Hmmm. That seems to paint the picture that this is exactly what OPEC wants and that they are the ones really benefitting from this, not NA producers, contrary to what I hoped.

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No producers are currently benefiting in the short term, consumers are happy with the lower prices for oil products. Opec is still losing money in the short term. Keep in mind the smaller Opec members may not have the cash reserves to keep that up for very long, they might start turning against the Saudi's after they lose enough money.

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Been 6 years since the last recession.....it's about time things kicked in again. I'm predicting that these low prices is the initial spark to a mild to moderate recession IMO. The bond markets are already hit. It'll take a while for the full effects to ramp up but it'll come in one form or another. The severity probably won't be huge but I expect some effects to come in with crude the way it is. Hopefully with lower gas prices, the middle and lower income classes won't be hit as hard this time around. Also hopefully they won't kick away green tech either.

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Following up on some of the oil discussion there's another thing T Boone Pickens mentioned, and that's to follow the rig count:

 

20141229_WTI2%27.jpg

20141229_WTI3.jpg

 

20141229_WTI4.jpg

 

The bigger decoupling that's happening is oil is decoupling from the Energy Sector and from the S&P500. Which looks something like this:

20141229_WTI5.jpg

Source: http://www.zerohedge.com/news/2014-12-29/wti-hits-52-handle-us-rig-count-tumbles-8-month-lows

 

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I came across one of the most ridiculous graphs I've seen in a long time the other day. Here it is in all it's glory:

gold-case-shiller-pricedingold.png

 

There's apparently an entire website dedicated to this stuff: http://pricedingold.com/

 

Look it's all good that some people believe currency needs to be tied to a fixed commodity like gold, but I find it laughable that they believe gold itself doesn't fluctuate and have it's own trends. For reference here's some charts of gold prices:

 

au3650nyb.gif

 

Notice the massive boom in price starting in mid 2007 and more recently the slow steady decline beginning in late 2011.

 

I've never fully understood the more hard leaning "gold standard" group of people.

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