Is today’s stock market rally for real?

With the closing bell, today's market recorded a significantly high spike to the tune of 5.8%! Somehow, when my ears heard the ring... it sounded hollow! "Profitable" news from Citi chief this morning caused the spurt. But will this rally be sustained over the coming days? Already there's talk of tightening credit. Metrics used by … Continue reading Is today’s stock market rally for real?

He wanted to be a “Quant”…

In the late 90s, my close buddy quit his well-paid job of 'research scientist' with a leading oil company. He wanted to be a "quant". Lured, not by the money; that would follow (and plenty of it, although not quite as much as the obscene figures that Wall Street traders take home), but by the … Continue reading He wanted to be a “Quant”…