Non-Farm Payroll report today helps sending the stock market higher so far this morning. Looks like we are back to the bad data is good for the stock market regime. How long would it last though given so much money has been pumped into the system yet we are not seeing what the politicians promised …
I found this pair of videos very amusing. First, an attempt to make an unpickable lock. And then how this lock was picked. The way these two guys interact may lead to some real improvements in making locks, finally.
Lately I find an explosion of horoscope videos on YouTube. Many are jumping onto this new era of superstition to see if they can make a career out of it. Well, being an astrologer is not for everyone. Circular argument, ignorance of obvious common sense and choose to creatively interpret the astrology classics would not turn one into an expert of astrology overnight.
I found this video a great snapshot of at least a part of the crypto crowd’s mentality. The theme is really nothing new. Going all-in for instant gratification and when things not going their way just lie to themselves that they are in this for the long term.
I am not against playing with cryptos. I made very decent profit from it myself and have no complain. What I like to point out is that new technology of every generation always led to extreme speculations and crashes. Right now we are going through the process of elimination of those things that should not exist in the first place. Think for a moment, how many of those 9000+ coins are really worth anything at all?
This process usually takes several years to complete. I will take the sign that when these 9000+ coins are reduced down to like fewer than 300, the crypto space will be ready for its next phase.
I was asked a very interesting question the other day about automated strategy generation. My take is very simple, the current quant approach to strategy development, including AI based and genetic programming, will only yield models that are bounded by their framework. As long as the framework they use stays the same, which is serial data analysis, they will not be able to discover anything useful or consistent over time. I collect these platforms since the 1990s and never stop testing out these stuff. Nothing impress me at all so far …
This month I have to focus on polishing our prop trading models. I work best alone when serious research work is required. It feels great to get things done this way.
Have a good weekend all!