Posts Tagged ‘crisis’

Sir Francis: the Probabilty Machine – From Chaos to Order – Randomness in Stock Prices

IFA.com – http – The random walk of stock market prices and the efficient market hypothesis is simulated by physical action of beads hitting a pattern of pins. The Efficient Market Hypothesis says prices are fair. If the expected return of an investment is 1% per month, about half the monthly returns will below and above that average return. So the fair price set at the beginning of each month sets the chance that future returns will be 50% higher and 50% lower than the expected return. The further the returns deviate from the average, the less likely they are to occur. The red bar overlay represents 600 simulated monthly returns of ifa’s Index Portfolio 100. As you can see the distribution of the beads is similar to the index portfolio.

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EXCHANGES #251 15 USC CHAPTER 2B – SECURITIES EXCHANGES

Identified Banking Product. – For purposes of paragraphs (4) and (5) of section 3(a) of the Securities Exchange Act of 1934 (15 USC 78c(a)(4), (5)), the term ‘identified banking product’ means – “(1) a deposit account, savings account, certificate of deposit, or other deposit instrument issued by a bank; “(2) a banker’s acceptance; “(3) a letter of credit issued or loan made by a bank; “(4) a debit account at a bank arising from a credit card or similar arrangement; “(5) a participation …

EXCHANGES #94 15 USC CHAPTER 2B – SECURITIES EXCHANGES

security future, bond, debenture, certificate of interest or participation in any profit-sharing agreement or in any oil, gas, or other mineral royalty or lease, any collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities … Meltdown Credit Crisis …

INDENTURES #8 15 USC CHAPTER 2A SECURITIES AND TRUST INDENTURES

indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including … Meltdown Credit Crisis …