The Big Short movie 2015 - Off-Topic | futures io social day trading
futures io futures trading


The Big Short movie 2015
Updated: Views / Replies:4,181 / 62
Created: by Big Mike Attachments:2

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 2  
 
Thread Tools Search this Thread
 

The Big Short movie 2015

  #41 (permalink)
Market Wizard
 
Futures Experience: Advanced
Platform: Spoon!
 
Rory's Avatar
 
Posts: 2,743 since May 2014
Thanks: 5,444 given, 8,097 received

Perhaps we are just seeing the exhaustion of the "Flynn Effect"?

Government parties, corporations, unions etc. are not sentient beings though they are composed of sentient beings. Sentience allows some variable capacity to predict future events however.. traders know more than most what happens when the human mind processes mostly random and how various delusions of control can grow.

Similar to the collateralized debt obligation bubble, we may have a global (optimistically mostly the US right now) "intellectual abstraction bubble" or exhaustion. Republican or Democrat in charge it does not matter, our collective intellect is plateauing.

That may make sense if you watch this interesting (I hope) talk. Or you have a different view.

Why our IQ levels are higher than our grandparents

Without looking him up, is he Republican or Democrat?

Reply With Quote
 
  #42 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Advanced
Platform: Ninja
Broker/Data: Ninja
Favorite Futures: ES, Ym, NQ, VTI, SPY, VXUS
 
Posts: 172 since Jan 2013
Thanks: 797 given, 301 received


ron99 View Post
It wasn't only about discrimination. GOP passed this bill 2003.


funny how the bond mkt reporter for cnbc was asleep at the wheel prior to this crisis. did u ever hear him talk about CMO's, subprime....nope...he just raged at the Fed after the fact.

I left the cbot floor in 2001 to trade treasuries on the screen. Treasury futures have not traded on the floor of the cbot for over a decade...yet he is still there acting like he is in the middle of a trading frenzy and still blaming only the Fed.....

i thought it was an outstanding movie. i have been in the business since '87, i was totally blindsided by this. i paid cash for my house and no clue what was going on......that people behaved like this. just very impressed that these guys were able to figure it out and take advantage of it.

mkts have never been the same.

The Market is Smarter than You Are
Reply With Quote
The following 5 users say Thank You to tflanner for this post:
 
  #43 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,123 since Dec 2013
Thanks: 1,749 given, 3,360 received
Forum Reputation: Legendary



ron99 View Post
Because the banks used ARMs and probably never told buyers what their payments would be when the mortgage hit full rate (stripper in movie). They wanted every buyer they could find.

The banks obviously packaged and sold the loans, and actually originated some of the loans, but weren't most of the loans actually made by brokers like Countrywide and Century One?

Reply With Quote
 
  #44 (permalink)
Market Wizard
 
Futures Experience: Advanced
Platform: Spoon!
 
Rory's Avatar
 
Posts: 2,743 since May 2014
Thanks: 5,444 given, 8,097 received

Actual highway robbery

Russia highway robbery: Official 'stole 50km road' - BBC News

Beat that Wall Street, think you know how to steal big?

Sorry.. off topic.

SEC Enforcement actions addressing misconduct that lead to financial crisis.
http://www.sec.gov/spotlight/enf-actions-fc.shtml

"Countrywide - SEC charged CEO Angelo Mozilo and two other executives with deliberately misleading investors about significant credit risks taken in efforts to build and maintain the company's market share. Mozilo also charged with insider trading. (6/4/09)
Mozilo Settled Charges - Agreed to record $22.5 million penalty and permanent officer and director bar. (10/15/10)

New Century - SEC charged three executives with misleading investors as the lender's subprime mortgage business was collapsing. (12/7/09)
Executives Settled Charges - Paid more than $1.5 million and each agreed to five-year officer and director bars. (7/30/10) "


Last edited by Rory; January 14th, 2016 at 10:50 PM. Reason: Missed link
Reply With Quote
 
  #45 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,730 since Jul 2011
Thanks: 794 given, 4,779 received


SMCJB View Post
The banks obviously packaged and sold the loans, and actually originated some of the loans, but weren't most of the loans actually made by brokers like Countrywide and Century One?

I have no idea.

Reply With Quote
 
  #46 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,527 given, 2,340 received
Forum Reputation: Legendary


SMCJB View Post
The banks obviously packaged and sold the loans, and actually originated some of the loans, but weren't most of the loans actually made by brokers like Countrywide and Century One?

My plan is to read the book The Big Short by Michael Lewis after I finish Douglas' new one so I can post if it talks about Countrywide and Century and other brokers but this sounds right to me.

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
 
  #47 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,060 since Sep 2015
Thanks: 6,586 given, 4,840 received
Forum Reputation: Legendary

Christian Bale nominated for The Big Short

Christian Bale has been nominated for an Academy Award for his role in The Big Short. He plays the part of a Hedge Fund Manager who is amongst the first and few who realized the Subprime market was going to collapse.

I think his character is really interesting in the film.

Reply With Quote
The following user says Thank You to xplorer for this post:
 
  #48 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,060 since Sep 2015
Thanks: 6,586 given, 4,840 received
Forum Reputation: Legendary


xplorer View Post
Christian Bale has been nominated for an Academy Award for his role in The Big Short. He plays the part of a Hedge Fund Manager who is amongst the first and few who realized the Subprime market was going to collapse.

I think his character is really interesting in the film.

I should also add The Big Short has been nominated for a total of 5 Academy Awards in the categories
  • Best Picture
  • Best Director (Adam McKay)
  • Best Supporting Actor (Bale)
  • Best Adapted Screenplay
  • Best Film Editing

Reply With Quote
The following user says Thank You to xplorer for this post:
 
  #49 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,560 since Nov 2011
Thanks: 4,527 given, 2,340 received
Forum Reputation: Legendary


xplorer View Post
I should also add The Big Short has been nominated for a total of 5 Academy Awards in the categories


  • Best Picture
  • Best Director (Adam McKay)
  • Best Supporting Actor (Bale)
  • Best Adapted Screenplay
  • Best Film Editing


Christian Bale's character, Michael Burry M.D., is quite the amazing person IMHO. He lift his residency position in the medical field to trade. He started a Hedge fund with family, friends and his own money. In the 3 year period grew it to $600 million wiki article did not say what it started out at. Then of course what he did that the film depicts so well namely taking a $1.3 billion to ~$2.6 billion for his clients (the ones that stuck around) of which $100 million profit was his. He was early with his trade and almost had to have lower abdominal surgery from the street of it all paying monstrous monthly premiums and dealing with some of his clients leaving. But he was right as we know.

The wiki article https://en.m.wikipedia.org/wiki/Michael_Burry

Ron


Sent from my iPhone using Tapatalk

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
Reply With Quote
The following 2 users say Thank You to Blash for this post:
 
  #50 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,060 since Sep 2015
Thanks: 6,586 given, 4,840 received
Forum Reputation: Legendary



Blash View Post
Christian Bale's character, Michael Burry M.D., is quite the amazing person IMHO. He lift his residency position in the medical field to trade. He started a Hedge fund with family, friends and his own money. In the 3 year period grew it to $600 million wiki article did not say what it started out at. Then of course what he did that the film depicts so well namely taking a $1.3 billion to ~$2.6 billion for his clients (the ones that stuck around) of which $100 million profit was his. He was early with his trade and almost had to have lower abdominal surgery from the street of it all paying monstrous monthly premiums and dealing with some of his clients leaving. But he was right as we know.

The wiki article https://en.m.wikipedia.org/wiki/Michael_Burry

Ron


Sent from my iPhone using Tapatalk

Certainly remarkable. I really like the way Bale portrays him in the movie. He has these quirks like whispering to himself at times.

I also think the most damning moment in the movie is when Steve Carell's character asks the S&P rating agency's lady 'you're not downgrading sub-prime bonds, but have you ever refused to rate any?' and eventually she cracks and goes 'if we don't give them the ratings they'll go to Moody's, right down the block'.

Reply With Quote
The following user says Thank You to xplorer for this post:

Reply



futures io > > > The Big Short movie 2015

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Big Mike Challenge 2015 - $750 in prizes Big Mike Feedback and Announcements 79 March 6th, 2016 08:12 AM
Margin Call - The Movie Silvester17 Off-Topic 21 February 23rd, 2015 12:50 AM
Bitcoin - The Big Short? TheDude Cryptocurrency Trading 26 December 1st, 2013 08:12 PM
Housing Alert: Short Sales May Be in Big Trouble Quick Summary News and Current Events 0 September 28th, 2012 06:00 PM
Jim Rogers Is Short One Big American Bank But He Won't Say Which One.... kbit News and Current Events 0 June 8th, 2011 06:08 PM


All times are GMT -4. The time now is 07:14 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.15 seconds with 20 queries on phoenix via your IP 54.163.209.109