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are the dominoes about to fall?
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if i didn't have all my cash tied up at Cartmel I would get stuck into those markets
. Sterling will bounce back |
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Trading fact ...markets always over react (FTSE 100, FX etc ..)
Short the market - just wait for the suckers to keep following it down - then buy (go long) like phuck ! It's called "The Grand Old Duke of York Strategy" Markets will always eventually return to "fair value" |
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i agree markets will overshoot. what is 'fair value' in a world of zero interest rates and qe?
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Self inflicted recession.....
Where the English grab the bull by the balls the jocks choke. |
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"Black–Scholes equation"
In mathematical finance, the Black–Scholes equation is a partial differential equation (PDE) governing the price evolution of a European call or European put under the Black–Scholes model. Broadly speaking, the term may refer to a similar PDE that can be derived for a variety of options, or more generally, derivatives. Simulated geometric Brownian motions with parameters from market data For a European call or put on an underlying stock paying no dividends, the equation is: ∂ V ∂ t + 1 2 σ 2 S 2 ∂ 2 V ∂ S 2 + r S ∂ V ∂ S − r V = 0 {\displaystyle {\frac {\partial V}{\partial t}}+{\frac {1}{2}}\sigma ^{2}S^{2}{\frac {\partial ^{2}V}{\partial S^{2}}}+rS{\frac {\partial V}{\partial S}}-rV=0} where V is the price of the option as a function of stock price S and time t, r is the risk-free interest rate, and σ {\displaystyle \sigma } is the volatility of the stock. The key financial insight behind the equation is that one can perfectly hedge the option by buying and selling the underlying asset in just the right way and consequently “eliminate risk". This hedge, in turn, implies that there is only one right price for the option, as returned by the Black–Scholes formula. Sorry - but the actual formula didn't come right - but you can google it! |
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good they no assets apart from our money. let them rot
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I've not thought much of the Black Scholes theory since Fergie bought Djemba-Djemba
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at least cameron is used to banks collapsing whilst he,s stood outside no 10
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"I've not thought much of the Black Scholes theory since Fergie bought Djemba-Djemba"...
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1st tp,im pretty sure banks collapsed under the labour tw@ts ?
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not when they were stood next to norman lamont they didnt,
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Frankie Boyle
12m Frankie Boyle @frankieboyle A lot of uncertainty ahead for high street banks, as all our armed robbers come back from Spain |
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There is initial panic...it will calm
Everybody still has to do business |
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Gold's looking particularly shiny
The gold price shot above $1,300 today as investors sought refuge from market tumult. But the gain was far steeper if you were buying or selling gold with pounds, after the UK currency took a hammering following the Brexit result and fell sharply from $1.50 to $1.38. The gold price in sterling jumped 20 per cent to more than £1,000 at one point, before settling back to around £940, while the rise in dollar terms was a more modest 3 per cent. |
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£/$ hit a low of 1.33 following result
bounced back to 1.39 but coming off again last hour or so to 1.36xx going to be volatile today with the w/e coming up but as i look out the window the sun's still shining so i guess the Apocalypse is on hold |
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Jonny
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Are the luvvies still pretending to be worried about the Banks and the Pound, like they were on the BBC earlier this morning?
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