In Codes of the Underworld: How Criminals Communicate, he mentions that since criminals find it very hard to communicate directly they often take their signals from vivid events and happenings like in The Godfather which is their favorite (by the way, Puzo had never met a gangster and wrote the book completely from transcripts). They adopt the language and the styles and the activities.

The top feeders in our field have a similar problem. They can't communicate their actions directly as they would be front run and also the public would not be able to weaken and succumb to give them good fills. So they wait for vivid events like today to do their stuff, first clearing the action to make sure there are no others around to intercept their messages. The horse's head was yesterday, but today FOMC was the massacre of bears.

Ralph Vince writes: 

The best bridge is played before the first trick is.

Orson Terrill comments: 

What about the ECB signaling that next year is when they'll stimulate. Was that a "FOMC, we know you're tightening to some degree soon, and this time we want to lag behind in the interest rate cycle, to get a relatively weaker currency"?





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2 Comments so far

  1. anonymous on December 17, 2014 4:43 pm

    One thing about dealing with the underworld…..You want your bookie to be connected, you want your poker game to be sponsored by a made guy, and you want to put your money with a Shy that's connected. The reason is that you know that you will get paid. In my life I have made the mistake of placing wagers with unconnected bookies that welshed, played poker games arranged by amateurs(only to not cash out, or get robbed in a set-up), and put money out on the street through a poseur Shy, only to get delays in payment, or getting blown off completely. The real made guys have a sense of honor, and will ensure you get paid. After all, it's bad business to get known as a welsher as word does get around. That's why for illegal activities, I prefer to deal with the mob.(Please post this as anonymous)

  2. bo keely on December 17, 2014 7:51 pm

    Communication was the same problem when i started riding boxcars. Hobo and yard worker lingo is so riddled with jargon that i understood as much as spanish, about half.


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