I'm a little late, but: Congratulations, James, thats great!

QuoteOriginally posted by: James"the USA would support any bloody dictator as long as he was our son of a bitch."Yes, but time is a good ingredient. The worst examples, Pinochet, Marcos, and the ShahAnd, er, Saddam Hussein...

<t>PaperCut, I agree that your gamma risks are going to tend to be the far bigger issue, but that wasn't the question.what you describe is goold old gamma risk.to my mind, pin risk encompasses those risks surrounding expiration that cannot be captured by delta, gamma etc, such as:- I have a conversi...

<t>Could someone place Joe di Maggio's feat in a statistical context, ie assuming each game to be an independent event, and ascribing reasonable a priori probabilities, what do we get as the cumulative probability of his run.I know its a bit unsatisfactory, but I guess its the only way that we can b...

Bun only applies to GBP IRS...

For the purposes of thinking abt carry, the fixed leg is yr bond, the floating leg is equivalent to a term repo.carry and roll are not interchangeable.

QuoteSell the house, sell the car, sell the kids...Apocalypse Now, Colonel Kurtz's communication to his wife.

I'm so bearish, I'm even selling puts

<t>Well, I'm not sure that you will end up with meaningful results, but if you are determined to try, you could consider:- is it exchange-traded or OTC: exchange-traded options have more pin risk due to the clustering of strikes and expiries- if on exchange, how quickly do you get notified of assign...

Sell the house, sell the car, sell the kids...

<t>I'm not sure that is an entirely fruitful debate, as 'neo-con' is a vague term with no precise definition. further, I guess that neo-cons don't tend to define themselves as neo-cons, and hence this is a term almost exclusively used by their opponents.given that, one simply can't discuss whether '...

<t>Fair comment. It is clear that levels of support for the neo-cons, their aims and methods has never been high in Europe. Even conservative commentators tended to be equivocal at best. My point is that the trend over here has moved from equivocation or lukewarm distaste decisively towards a full-o...

<t>Ppauper, I used quant to signify one who'd done serious study in a quant discipline; I agree that Jordanian banks probably wouldn't have much need of quants per se Seriously, I'm no fan of the neocons, but I'm not trying to grind an axe here. It just struck me that I've read several articles rece...

Serious question:As a result of the Iraq adventure, the neo-cons are (a) bloodied but unbowed, or (b) in full retreat?what is the feeling in the US?

Muhahahaha!(apparently he's a quant too; did his Ph.D. in knot theory)