Acknowledgments

This book is the result of many years of observing the effects of various shocks on financial markets. It has been influenced by conversations we have had about financial markets with many individuals, including John Ebert, Gwen and Hesham El-Naggar, Bill Fung, Rick Gerson, Rich Jaycobs, Michelle Kelner, Pak Lui, Andy Peskin, Jason Pickard, Paul Staneski, among others.

It has also been influenced by presentations by a number of prominent traders and hedge fund managers (not mentioned above) to Bob’s Financial Trading classes at the University of Virginia over the years. These include Arki Busson, John Henry, Paul Tudor Jones II, Peter Matthews, Drew Millstein, Jerry Parker, Paul Touradji, Jaffray Woodriff III, Chuck Whitman, and Jeff Yass, among others.

We would like to thank the following individuals for letting us reprint extended quotes of their comments in the book: Thomas Peterffy, Julian Robertson, and George Soros. We would also like to thank Wolfgang Engel of the International Institute of Finance and Sibel Yilmaz of the World Federation of Exchanges.

We would like to thank the following individuals and organizations for granting permission to use or providing us with charts for the book: Matt Moran and Gail Osten, CBOE; Kate Darcy, CME Group; Diane Lau, Yahoo! Inc.; Dr. Ulf von Kalckreuth and Dr. Leonid Silbermann, Deutsche Bundesbank; Stockcharts.com; and XE.com, Inc.

We would like to thank Clara Lee and Andrew Shipley. Bob would like to personally thank Joe Fung, Rich Leonard, and Palmer McCraw, who stimulated a number of discussions on various market shocks. Alex would like to thank Takuya Kon, Phillip Walker, Patrick Boström, Liu Haiyi, and Alan Gregory.

A special note of thanks is due to Jim Boyd, Executive Editor at FT Press, for his advice and steadfast encouragement on this project. Finally, we would like to thank our family for the patience, love, and encouragement that they showed while we were writing this book.