<t>I can't believe u guys care this much about the success of your books!Is it about money? I can't think so. You must have a more than decent salary/package in your jobs (though I tend to think that if someone is posting a messages every few hrs they can't be that important for their employers afte...

<t>QuoteOriginally posted by: Collectoryes, thank you ChukchiI m disapointed! I tought you knew thy weapon Soldier Collector!? More seriously, Very nice article, especially for students and newbie traders, as is your book on the BS pricing formulas.That said, I think a trader who masters a more soph...

QuoteOriginally posted by: athos20145Are u proud of Zapatero's decision to quit Iraq (unsuprisingly backed by Prodi)?Were you proud of Aznar's decision to send troops to Iraq when 80% of Spanish people opposed the war (unsurprisingly backed by the corrupted Berlusconi)?

<t>hi unkpath,I agree that the elitiste culture in France is shit, but what I was doing is answering an explicit question regarding the "prestige and hardness" criteria. Explaining/understanding the rules of the game doesn't mean that one agree with them! Regarding your comment "You would see that t...

<t>I don't know of any other news channel that resisted more pressure from both western and arab governements than Al Jazeera (example..). I don't know of any other channel where you can watch long and challenging interviews with people ranging from Bush and Blair to Hamas leaders, from extreme isla...

<t>QuoteOriginally posted by: bacardiHi all,I would like to do a DEA in september, thus I would like to have your opinion (and ranking) of the following ones :* Paris 6* Paris 7* MMME* MASE (Dauphine)* 104 (Dauphine)In particular, opinions of guys who graduated from these or are currently in would b...

lollll ;]

btw, his name is Driss Ben Brahim and he belongs to what some poeple in this forum call 'sand niggers'!efile4zaggin,He did ECP (Ecole Centrale de Paris).

<t>QuoteOriginally posted by: CreditGuyYes I work there, and you also work around here too, dude! Or you work for LEH maybe ?However, I want a much cleaner and more elegant solution to my question: how do you deal with recovery risk in a first-to-default basket? Pls leave aside the 100% correlation ...

johndcb, Correlation is a dependency measure that is more appropriate for normal random variables. That’s why it is used with returns and not with prices.

<t>CreditGuy, You didn’t answer my question. If you have an ’elegant’ way to hedge a FtD including recovery risk then you can apply it to the ‘simple’ case where recovery is assumed deterministic and homogeneous. I am looking forward seeing your answer. It’d better be ELEGANT!! QuoteOriginally poste...

<t>So the question is to find an elegant way to hedge a FtD (correl<>100%) taking the recovery risk into account. Mm.. I would first like to see an ‘elegant’ way to hedge a FtD with correl <>100% assuming deterministic and homogeneous recovery rates! As far as I know, the hedge (deltas) within any m...

<t>- Where: usually, model validation is part of market risk dept.- How: I think they check if the models are implemented correctly, are consistent with their initial assumptions, verify no-arbitrage conditions (e.g. call-put symmetry...). I don’t know how useful the validation process is but it is ...

<t>QuoteOriginally posted by: NUntrue, it's only TA as you know itI believe this is true for any forecasting method. To have an edge the forecast probability should be better than ½, but if the process we are trying to forecast is a random walk, the best we can get is ½ (actually any forecasting met...

..and the high quality of the website tells a lot about how profitable technical analysis is