4 years ago
Sunday, April 18, 2010
Friday, April 16, 2010
ALL COMMODITIES MELTING TODAY DUE TO USA FRAUD
ENERGY FUTURES
CRUDE OIL83.21-2.30-2.69%
NATURAL GAS4.040.055+1.38%
RBOB GASOLINE2.262-0.0642-2.76%
BRENT CRUDE85.77-1.82-2.08%
Current DateTime: 08:10:04 16 Apr 2010
LinksList Documentid: 33282388
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METAL FUTURES
GOLD1139.1-21.20-1.83%
SILVER17.935-49.80-2.7%
COPPER3.525-7.55-2.1%
PLATINUM1705.3-21.00-1.22%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282094
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AGRICULTURE FUTURES
WHEAT4.82752.50+0.52%
SOYBEAN9.87253.25+0.33%
CORN3.63-0.25-0.07%
SUGAR0.1634-0.51-3.03%
COFFEE1.299-1.85-1.4%
COTTON0.8143-0.69-0.84%
ROUGH RICE12.9-0.01-0.08%
ETHANOL1.573-0.005-0.32%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282426
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LIVESTOCK FUTURES
LIVE CATTLE0.981750.175+0.18%
LEAN HOGS0.86-0.05-0.06%
FEED CATTLE1.11775-0.475-0.42%
PORK BELLIES0.982.45+2.56%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282574
More Livestock Futures
INDEX FUTURES
DOW-MINI10969.0-127.00-1.14%
S&P 5001188.8-19.70-1.63%
NASDAQ 1002009.0-25.75-1.27%
S&P MIDCAP 400827.0-2.00-0.24%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282507
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INTEREST RATE FUTURES
TREASURY BOND116.906250.875+0.75%
10-YR NOTE117.1406250.75+0.64%
2-YR NOTE108.679690.1797+0.17%
1-MO LIBOR99.74250.0025+0%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282607
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CURRENCY FUTURES
US DOLLAR INDEX80.8650.28+0.35%
JAPANESE YEN108.78133.00+1.24%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282644
More Currency Futures
CRUDE OIL83.21-2.30-2.69%
NATURAL GAS4.040.055+1.38%
RBOB GASOLINE2.262-0.0642-2.76%
BRENT CRUDE85.77-1.82-2.08%
Current DateTime: 08:10:04 16 Apr 2010
LinksList Documentid: 33282388
More Energy Futures
METAL FUTURES
GOLD1139.1-21.20-1.83%
SILVER17.935-49.80-2.7%
COPPER3.525-7.55-2.1%
PLATINUM1705.3-21.00-1.22%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282094
More Metal Futures
AGRICULTURE FUTURES
WHEAT4.82752.50+0.52%
SOYBEAN9.87253.25+0.33%
CORN3.63-0.25-0.07%
SUGAR0.1634-0.51-3.03%
COFFEE1.299-1.85-1.4%
COTTON0.8143-0.69-0.84%
ROUGH RICE12.9-0.01-0.08%
ETHANOL1.573-0.005-0.32%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282426
More Agriculture Futures
LIVESTOCK FUTURES
LIVE CATTLE0.981750.175+0.18%
LEAN HOGS0.86-0.05-0.06%
FEED CATTLE1.11775-0.475-0.42%
PORK BELLIES0.982.45+2.56%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282574
More Livestock Futures
INDEX FUTURES
DOW-MINI10969.0-127.00-1.14%
S&P 5001188.8-19.70-1.63%
NASDAQ 1002009.0-25.75-1.27%
S&P MIDCAP 400827.0-2.00-0.24%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282507
More Index Futures
INTEREST RATE FUTURES
TREASURY BOND116.906250.875+0.75%
10-YR NOTE117.1406250.75+0.64%
2-YR NOTE108.679690.1797+0.17%
1-MO LIBOR99.74250.0025+0%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282607
More Interest Rate Futures
CURRENCY FUTURES
US DOLLAR INDEX80.8650.28+0.35%
JAPANESE YEN108.78133.00+1.24%
Current DateTime: 01:00:34 16 Apr 2010
LinksList Documentid: 33282644
More Currency Futures
U.S. Accuses Goldman Sachs of Fraud
Goldman Sachs, which emerged relatively unscathed from the financial crisis, was accused of securities fraud in a civil suit filed Friday by the Securities and Exchange Commission, which claims the bank created and sold a mortgage investment that was secretly devised to fail.
The move marks the first time that regulators have taken action against a Wall Street deal that helped investors capitalize on the collapse of the housing market. Goldman itself profited by betting against the very mortgage investments that it sold to its customers.
The suit also named Fabrice Tourre, a vice president at Goldman who helped create and sell the investment.
The move marks the first time that regulators have taken action against a Wall Street deal that helped investors capitalize on the collapse of the housing market. Goldman itself profited by betting against the very mortgage investments that it sold to its customers.
The suit also named Fabrice Tourre, a vice president at Goldman who helped create and sell the investment.
Sunday, April 4, 2010
The inside scoop on Lehman's collapse
A literary genre to emerge from the financial crisis is the Big Bank Biography, led by "The Partnership," Charles Ellis' history of Goldman Sachs, and several tales of the end of Bear Stearns & Co.
Add to this list Vicky Ward's "The Devil's Casino," an inside account of the egos and rivalries that guided Lehman Brothers from the 1980s to its catastrophic end in 2008. The story couldn't be more timely, coming as investigations allege gory new details of its fall such as how top executives hid borrowing.
Ward's book is rich on details, like CEO Dick Fuld's aversion to Casual Friday (the end of Western Civilization, as he saw it) but almost empty on the firm's storied first 100 years. As Ward, a contributing editor at Vanity Fair, explains, that story has been told elsewhere.
Her book takes off from 50 pages of an official history that was commissioned by the firm in 2003.
The pages were never published because so many executives painted negative portraits of Fuld and offered so many disparate accounts that the firm's own writers could not weave a clean tale for public consumption.
They got that one right. In Ward's hands, the notes become a gold mine of gossip and the basis for further revealing interviews. Affairs poison friendships. Money changes priorities. And the wives of top executives gripe how hard it was to pack for a retreat featuring hiking by day and fancy dinners by night.
There are tales to admire as well: the firm comes alive on Sept. 11, 2001, when it lost only one of the hundreds of its employees at the World Trade Centre, then brings itself back into operation days later because technicians had carried crucial servers down many flights of stairs out of the doomed building.
Fuld often emerges in the book as a sympathetic character, committed to his family and to various charities, and, like a good chief executive, at pains to mend feuds.
But when Ward connects the dots, the rough conclusion she comes up with is that fatal flaws of Fuld's culture brought Lehman down. Briefly: his ambition to match Goldman Sachs and other firms led Lehman to pile on too much risk, such as the mortgage-backed securities that ultimately proved fatal.
The problem with this analysis is that Lehman's fall does not lend itself to a cultural explanation alone. It is also a story of a firm allowed to become too big to fail by regulators navigating uncharted waters.
And, despite speaking with nearly all the central players and getting terrific details of the desperate, last-ditch negotiations to save Lehman, she lacks several key accounts including that of Fuld himself, who is hamstrung by lawsuits.
This is the limit of the Big Bank Biography: without subpoena power, the full picture is out of reach.
No matter how good the gossip, top executives are also actors in a wider financial system, and the inside story can only explain so much.
Friday April 2, 12:10 PM Source: Indian Express Finance
Add to this list Vicky Ward's "The Devil's Casino," an inside account of the egos and rivalries that guided Lehman Brothers from the 1980s to its catastrophic end in 2008. The story couldn't be more timely, coming as investigations allege gory new details of its fall such as how top executives hid borrowing.
Ward's book is rich on details, like CEO Dick Fuld's aversion to Casual Friday (the end of Western Civilization, as he saw it) but almost empty on the firm's storied first 100 years. As Ward, a contributing editor at Vanity Fair, explains, that story has been told elsewhere.
Her book takes off from 50 pages of an official history that was commissioned by the firm in 2003.
The pages were never published because so many executives painted negative portraits of Fuld and offered so many disparate accounts that the firm's own writers could not weave a clean tale for public consumption.
They got that one right. In Ward's hands, the notes become a gold mine of gossip and the basis for further revealing interviews. Affairs poison friendships. Money changes priorities. And the wives of top executives gripe how hard it was to pack for a retreat featuring hiking by day and fancy dinners by night.
There are tales to admire as well: the firm comes alive on Sept. 11, 2001, when it lost only one of the hundreds of its employees at the World Trade Centre, then brings itself back into operation days later because technicians had carried crucial servers down many flights of stairs out of the doomed building.
Fuld often emerges in the book as a sympathetic character, committed to his family and to various charities, and, like a good chief executive, at pains to mend feuds.
But when Ward connects the dots, the rough conclusion she comes up with is that fatal flaws of Fuld's culture brought Lehman down. Briefly: his ambition to match Goldman Sachs and other firms led Lehman to pile on too much risk, such as the mortgage-backed securities that ultimately proved fatal.
The problem with this analysis is that Lehman's fall does not lend itself to a cultural explanation alone. It is also a story of a firm allowed to become too big to fail by regulators navigating uncharted waters.
And, despite speaking with nearly all the central players and getting terrific details of the desperate, last-ditch negotiations to save Lehman, she lacks several key accounts including that of Fuld himself, who is hamstrung by lawsuits.
This is the limit of the Big Bank Biography: without subpoena power, the full picture is out of reach.
No matter how good the gossip, top executives are also actors in a wider financial system, and the inside story can only explain so much.
Friday April 2, 12:10 PM Source: Indian Express Finance
Thursday, April 1, 2010
Volatility Index
Volatility Index is a measure of market’s expectation of volatility over the near term. Volatility is often described as the “rate and magnitude of changes in prices” and in finance often referred to as risk. Volatility Index is a measure, of the amount by which an underlying Index is expected to fluctuate, in the near term, (calculated as annualised volatility, denoted in percentage e.g. 20%) based on the order book of the underlying index options.
India VIX is a volatility index based on the Nifty 50 Index Option prices. From the best bid-ask prices of Nifty 50 Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days.
http://www.clientniftynext.blogspot.com
India VIX is a volatility index based on the Nifty 50 Index Option prices. From the best bid-ask prices of Nifty 50 Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days.
http://www.clientniftynext.blogspot.com
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