Thursday, September 15, 2011

Rogue Trader who Lost $2 Billion Explains His Trading Method

According to FT, Kweku Adoboli, the UBS trader arrested today for losing $2 billion trading for UBS, posted this on his Facebook page on July 31:

Will they? Won’t they? Reduced to watching Fox News for guidance, it’s a grim affair.
Just a little more than a week ago, Adooboli posted this message on his Facebook page:
need a miracle
No miracles needed. He should have been reading the EPJ Daily Alert, instead of watching Fox, everyone there knows that traders should have been buying U.S. weakness.

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