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Comment 10 year old news (Score 2) 153

To those who read Russian interwebs since '90 the rise of government astroturfing should have been obvious starting about '00. There was a marked change in tone and verbage of forum comments on different online forums. Such posters are called "brigades" and thought to be FSB operatives.

Comment Mission went as expected (Score 1) 276

After reading open letter from one of the designers of Fobos Nikolai Morozov to russian vice-premier Sergei Ivanov from 03/08/2011 it's hard to believe that Fobos-Grunt launch was anything but a success.

The goal was not to send something to Mars as officially stated but to get rid of material evidence of gross incompetence and graft going on in KB Lavochkin for many years.

Link (in Russian): http://apervushin.livejournal.com/179226.html

Comment Re:Go with the simple over complex theory (Score 1) 803

"you flood the automatic trade daemons with false quote data" - good luck with that.
- First, you have to get connected to marketplaces in a way that makes flood possible. This is not cheap (upward of 30K a month for that.)
- Second, putting in orders with no intention to execute is called "market manipulation" in SEC book and will get you a fine between 100K and few $M depending on severity of the offence.
- Third, people who can deal with as much traffic as you describe already are gainfully employed by US trading houses so the only things you will flood are you 10G uplinks to exchanges.

Comment DJIA is irrelevant anyway (Score 2) 218

The index is too narrow. S&P 500 and Russel 2000 have much better coverage of broad economy. Not coincidentally S&P500 and Russel2K ETFs, futures, and options are among most traded on capital markets.
The publisher of the index, Dow Jones agency also owns Wall Street Journal and that maybe why DJIA is not forgotten just yet.

Comment Risk control failure (Score 1) 179

IT will not catch anyone. They do not have neither authority nor knowledge of applicable risk limits. Authority to control traders risks are granted to "risk managers" (duh!) This loss is an abject failure of a risk manager that was assigned to monitor the trades. Unless the trader cooked the books to hide what he was doing as in SocGen case of last year the risk manager deserves to be thrown out of his job with black mark and put in jail for long time.

Comment Re:Let me be the first to say (Score 2) 102

If you can't value a human life, ask life insurance professional. Short version: a human generates income stream. Value of someone's life is a sum of that income from present to death of the individual. So if GDP per capita today is 14K in Russia and 45K in America then average American life is three time as valuable.

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