NIEDERHOFFER AND THE MARKETS

Via a book review on the site of Tradermike I came across the name of Victor Niederhoffer. Known in the eighties and nineties as one of the most succesfull traders on Wall Street but broke twice as is described by Malcolm Gladwell. He maintains a very interesting weblog about the markets with subjects concentrating on statistics, probabilities and failure.

Markets in a consolidation phase, not much to say about it. The Dow Jones moving slightly above its tradingrange and the S&P 500 in a narrowing range:

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dow jones