DATA
French Market:
If you are interested in doing your own research on the French Index, you can use this high frequency file: covering a 7 years period (necessary to get all market conditions) =>
CAC40_fut_hourlyscale_7Y.txt
Similar file for the US main index (S&P500):
SP500_fut_hourlyscale_7Y.txt
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You can also read our education series to learn the most fundamental ideas of market mechanics […]
LTCM (in french)
Septembre 1998, le monde découvre qu’il est passé à côté de l’explosion d’une bombe financière nommée LTCM. Ce “hedge fund” a failli entraîner dans sa chute le monde de la finance. Seul un plan de sauvetage de 3,7 milliards de dollars a pu limiter les dégâts.
UN DEMI-DIEU DE LA FINANCE COMME PDG
LTCM, ou Long Term […]
A word on inflation
What is inflation, how it impacts the global economy and markets, and what conclusions for investors?
Let’s start by the definition. The standard statement that inflation is a general increase in prices is not correct. Precisely, monetary inflation is an increase in the supply of money. Then, it implies an increase in prices. The increase in […]
Cotes M.P. France
Nom / ISIN/ Mémo Maturité Cours du sous-jacent
ABN AMRO Breakfast Open-End
FR0010313650 / 1085N Ouverte 100,00
ABN AMRO Panier Moisson
FR0010373076 / 1176N Ouverte 162,00
ABN AMRO Prestige Open-End
FR0010313643 / 1084N Ouverte 129,00
Aluminium Open-End
FR0010309138 / 1061N Ouverte 2 667,25
Aluminium Quanto Open-End
FR0010371419 / 1159N Ouverte 2 537,00
Argent Open End
FR0010307421 / 1007N Ouverte 17,13
Argent Power Up
FR0010311464 / 1057N Ouverte 17,14
Argent Power […]
Forecasting Markets
Let’s start with some common false beliefs about any financial markets; it does not matter whether it concerns bonds, equities, earnings or any other financial product. Do we have to believe experts, as fund managers or financial institutes, when they provide forecasts with a great level of confidence? The conclusion of M.R. Geer (1999) is […]
Bond prices vs interest rates?
Why do interest rates tend to have an inverse relationship with bond prices?
At first glance, the inverse relationship between interest rates and bond prices seems somewhat illogical, but upon closer examination, it makes sense. An easy way to grasp why bond prices move opposite to interest rates is to consider zero-coupon bonds, which don’t paycoupons but […]
Gold BUGS Index
Overview: Two major gold indices dominate the market–the Philadelphia Stock Exchange’s XAU and the AMEX’s Gold BUGS Index (HUI). The major difference between the two is that the BUGS index is made up exclusively of mining stocks that do not hedge their gold positions more than a year-and-a-half into the future. This makes the BUGS […]
Common trading terms
American Stock Exchange (AMEX) - Second largest stock exchange in the US.
AMEX Market Value Index - Measurement of all stocks on the American Stock Exchange.
Asking price - The price an investor pays to purchase stock.
At-the-money option - when the strike price of an option is the same as the current market price of the underlying […]
Options & Futures
Besides the primary financial assets discussed in previous posts (stocks, commodities, exchange rate), many other financial instruments, such as options and futures contracts, are traded on organized markets (exchanges). These securities are generically called derivatives, because they derive their value from the price of some primary underlying asset. The most basic derivatives are options. An […]
Back to Basics
A general introduction to main instruments available on financial markets is useful. The purpose in this post is to get a general knowledge to make the most profit of the next chapters of our report. There exist risk less and risky assets. A bank (saving) account is an example of a risk less financial asset, […]
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