Daily Speculations

The Web Site of Victor Niederhoffer & Laurel Kenner

Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.

 

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7/29/04
James Sogi: A Musical Round

Sing Row Row Row your boat in rounds. It starts off clear, but when two or three groups are singing together, each phased off by one stanza the words and music get pretty garbled. As the rounds fade off, soon only one original strand is left, right where it began. Each trading group is singing their own tune. When off phase, noise. When only one tune going, directional movement. Reminds me of the action in the Euro, Hang Seng and Russell these last few months. Round and round, garbled music, then ending right back where it started. Gently down the stream, Merrily, merrily, merrily, Life is but a dream. Rapids up ahead? Waterfall?