Financial Surveys & Statistics
Here are some random, but relevant statistics that I’ve collected the past week.
600K – The number of workers hired by the Commerce Department to conduct door-to-door canvassing for the 2010 Census until mid-July. The agency said the hiring could lower the unemployment rate by several tenths of a percentage point. (Source: The Associated Press)
15% – Boomers are almost 15% wealthier than the previous generation was at the same age. The middle wave of the silent generation reached age 50 in 1986 and had an average household income of $76,975 (in current dollars); the middle wave of the boomers reached age 50 in 2006 and had an average income of $90,067. (Source: US Census)
0 – The number of women that have served on a U.S. Navy submarine. The first are expected to report for duty in 2012. (Source: The Associated Press)
$100K – The average amount the financial crisis and recession cost U.S. households in lost wealth and income. (Source: Treasury Department)
2/3 – Two-thirds of middle boomers (those aged 52 to 58, comprising 29 million of the group) have at least one parent still living, and half still have children living at home. Half have grandchildren. Some 72 percent provide financial assistance to their children and grandchildren, averaging about $38,000 over the past five years (Source: MetLife Study of Boomers in the Middle)
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Basically, chances of identifying some sort of new trading strategy that hasn’t already been incorporated by the market is slim. You’re up against hedge funds and investment banks that each employ dozens and dozens of quants who have years of experience, accumulated algorithms and insight on there side.
Responding companies have widened their sales reach geographically during the last year.
It’s all good learning about Black-Scholes (infact if your trading in options and don’t understand the basic pricing fundamentals you need to reassess NOW what your up to), but from a practioner’s point of view, Black-Scholes is very simple to implement, like you can code it in 15 lines in pretty much any language, and can do it in excel with a few function calls.
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