From Caitlin Zaloom
Department of Anthropology
University of California, Berkeley
There are four core elements of discipline:
First, traders separate their actions on the trading floor from their lives outside;
Second, they control the impact of loss;
Third traders learn to breakdown the continuities between past, present and future trades, by dismantling narratives of success or failure;
Fourth, they create a stance of acute alertness in the present moment.
Right now, Hank Paulson has two choices.
orRight now, he claims to be pushing toward the second, but isn't getting out of the cab.
Britain is moving quickly to use the its new bank rescue facility, which was increased from £59 billion to £75 billion. Note the article suggests that stock market trading may ...
Cramer Should Be Suspended: "His market call on the Today Show this week for investors to completely liquidate out of the stock market is the most irrational market commentary I ...
Central banks with lots of reserves have not been running away from the dollar. But they do seem to be running away from any dollar asset with a hint of risk. ...
Voice your opinion on which generation will suffer most as a result of today's financial crisis.
A programmer for the trading desk at an electronic foreign-exchange and equity network was smoking outside a financial office in Jersey City, N.J., around 6 p.m. Thursday. The man was red ...
“It’s like a slow motion, controlled crash.” (Trader Mike also Trader’s Narrative)
We are headed for the second worst week in Dow history. (Bespoke)
“It’s forced selling.” (Bill Rempel ...
Many stocks, perhaps most stocks, are trading at prices that do not reflect fundamental value, as determined by traditional methods. The excellent team at Bespoke Investment Group, one of our featured ...
When I write, I don’t always know what will be popular, and what won’t. Personally, I thought my article Rethinking Insurable Interest was the more innovative of my two articles last ...
Local government minister John Healey has blurted out the ideology of our rulers. Councils, he says:are in a different position from individual savers. They are intelligent, they’re well-informed investors…This is ...
Wouldn’t it be nice if, just once, policy makers exceeded expectations instead of falling short? Actually, it would be more than nice: until that starts happening, policy will keep losing ...
La crise financière n'est pas un sujet facile à traiter par les médias : elle impose de décrire et de comprendre des phénomènes abstraits et compliqués, des évènements rapides, dans le ...
U.S. Treasury Secretary Paulson said he and his Group of Seven counterparts had agreed to an “aggressive” plan to deal with a financial turmoil that has quickly ballooned into a “global ...
On FT Alphaville this week, - FTSE 100 crash. - Dow crash - Pound crash. - Asia crash. - Commodities crash. - World trade crash. - So, stand and delever. ...
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