Divine Intervention

I am Fucked!! It will be official in 3 weeks time when the results for corp fin, accounting and capital markets are declared at LBS. Sometimes being intelligent is a bit of problem.

Again it’s darn frustrating to be out of markets when there is so much volatility and so less liquidity. This is the best time to trade and make some bucks. And I can’t do it!!! Never felt so bad….

Look at crude oil. It hit 99$! God, if only I had a chance… Options are being written for prices above 150$! “Elliot’s wave” suggests prices to hit 100$+ shortly… Subprimes are giving lots of mispricing or relative value arb trading opportunities.. Markets are crazy.. This is the time to raise money and start a fund based on “absolute return distress cum even driven” strategies.. Am sure we can make shit load of money and retire…. J

I was reading this article by “Joseph Stiglitz” on subprimes. Mr Stiglitz is a professor of economics at Columbia and won the NOBEL for economics in 2001 for his pioneering and ground breaking work on “asymmetric information and market reaction”. He gives good insight on securitization and the information asymmetry that it creates and the reason for the current crash… It’s a good paper to read and there are lots of hedge fund trading strategies that we can derive which can earn good returns. Couldn’t understand how these people come out with such simple methods and apply them into capital markets. Brilliant!

But the bottom-line is I am royally waiting for my first sem results to be out!! Hope I will be able to slide my ass thruuu…. I really need some divine intervention this time...