Aneela Nike Post: August 2023

Monday, 28 August 2023

Words say and mean a lot more!

Words say and mean a lot more!

Say it with words. Yes, I mean it. In this blog, I present to my readers five selected poems by Anil Naik, which were posted online some time ago. The poems were well received, liked, and appreciated by the readers, which prompted me to post these poems on Aneela Nike Post.

I take this opportunity to post these poems on varied subjects on my blog and see the reaction of my readers. Kindly read it and post your comments. If you like them, I would love to post more interesting poems by the same author. Words speak and mean a lot!

Memories forever

Friends may change

homes may change,

your success and failures

may change.

You may change,

but memories won’t change.

They will be with you

like a shadow forever,

and flash back

as far as you can remember.

None can steal this treasure

away from you.

Memories will always be with you

till you breathe your last.

(From the collection of poems by Anil Kumar Naik.)

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My dream getaway

I dream of a house

nestled in the nature,

waiting to welcome me

with a smile and open arms;

In the midst

of lush greenery

and the eternal

blue sky looking down.

The rejuvenating cool breeze

blowing my mind with ideas.

And the chirping birds

singing every morn

a soothing song.

The scenic view

outside the window

akin to an artist’s painting.

Where the time will pause

and move at my call,

and nature alive

becomes a true friend,

introducing me

to the hills, streams and river.

(From the collection of poems by Anil Kumar Naik)

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Beautiful Memories

Those beautiful memories,

of the old big house

teeming with people.

The old primary school,

and the loving teachers.

The green fields,

the palm trees swaying in the wind.

The fresh air,

and the cows grazing.

The temple bells.

The fun of playing in the open

stealing fresh fruits from trees,

dancing in the rains

a carefree life.

The smiling faces

of the simple villagers.

The peace and tranquility of nature

are now just

innocent memories;

which give me strength

to survive in the

busy and polluted city

living high in the towering building.

(From the collection of poems by Anil Kumar Naik.)

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Traditionalist

(This poem is dedicated to people who stick to old traditions.)

I am hopeless with gadgets.

I can never drive a car.

Right from the gramophone age,

Radio, two-in-one and cassette age

to TV, DVD and YouTube!

I am awkward with cellphone.

and get a jerk when it rings.

The TV remote is like

a cockpit panel.

I get confused with the

smartphone, tabloid and slate;

Are they any different,

from the good old desktop,

laptop or notebooks?

And memory was not

what you carried on a pen-drive

but in my head!

I am here in this era,

but rooted in a different time and age.

Thank God, I am innocent

of 2G, 3G and MMS.

I get misty eyed thinking

about the good old days –

of innocence, laughter and fun,

not being slave to any gadget.

(From the collection of poems by Anil Kumar Naik.)

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******

Bindi, the dot

I was five

and put in school.

After English,

the Hindi teacher walked in.

She wrote Hindi on the blackboard

with a dot on top.

When I asked her about the dot.

She said, it adds beauty to Hindi.

After school, went home,

asked my mom

about the red dot on her forehead?

She said, it's your dad.

I was confused,

since the last five years

I was calling this man, my dad

who stays, eats and sleeps

in our house

and now mom says, dot is dad!

I started to look at the dot

with respect.

I was shocked to see dad

stuck on the mirror, door frame

and wash basin.

But I was stunned to see the dot

on the commode cover.

Stooping to this low level.

When I told mom

about dad in odd places,

she clarified,

the dot is the bindi

which dad has stuck

on my forehead and

it remains there

but sometimes moves around.

I am still wondering,

is dad the dot or

the man in the house!

(From the collection of poems by Anil Kumar Naik.)

******

Also read:

Flash Crash and an Indian Connection!

The Buddha smiled again!

Why India is Incredible India?

MyPost

Solar mission Aditya-L1 to be launched on Sept 2 from Sriharikota

Isro announced Solar mission Aditya-L1 will be launched on Sept 2 from Sriharikota. Aditya-L1 spacecraft is designed to provide remote observations of the solar corona and in-situ observations of the solar wind at L1, which is about 1.5 million kms from the Earth.

The Indian Space Research Organisation (Isro) announced the launch date for its solar mission Aditya-L1 spacecraft. The mission to study the Sun will be launched on September 2 at 11:50 am from Sriharikota spaceport. Aditya-L1 spacecraft is designed to provide remote observations of the solar corona and in-situ observations of the solar wind at L1 (Sun-Earth Lagrangian point), which is about 1.5 million kilometres from the Earth. It will be the first dedicated Indian space mission for observations of the Sun to be launched by the Bengaluru-headquartered space agency.

The space agency said in a post on social media platform X that the spacecraft -- the first space-based Indian observatory to study the Sun -- would be launched by PSLV-C57 rocket. The Aditya-L1 mission, aimed at studying the Sun from an orbit around the L1, would carry seven payloads to observe the photosphere, chromosphere and the outermost layers of the Sun, the corona, in different wavebands. Aditya-L1 is a fully indigenous effort with the participation of national institutions.

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Mangalore, India

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Monday, 21 August 2023

Flash Crash and an Indian Connection!

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Flash Crash and an Indian Connection!

The May 6, 2010, flash crash, also known as the crash of 2:45 or simply the flash crash, was a United States trillion-dollar flash crash (stock market crash) which started at 2:32 p.m. EDT and lasted for approximately 36 minutes.....

On May 6, 2010, U.S. stock markets opened and the Dow was down, and it trended that way for most of the day on worries about the debt crisis in Greece. At 2:42 p.m., with the Dow down more than 300 points for the day, the equity market began to fall rapidly, dropping an additional 600 points in 5 minutes for a loss of nearly 1,000 points for the day by 2:47 p.m. Twenty minutes later, by 3:07 p.m., the market had regained most of the 600-point drop.

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At the time of the flash crash, in May 2010, high-frequency traders were taking advantage of the unintended consequences of the consolidation of the U.S. financial regulations into Regulation NMS, designed to modernize and strengthen the United States National Market System for equity securities. The Reg NMS, promulgated and described by the United States Securities and Exchange Commission, was intended to assure that investors received the best price executions for their orders by encouraging competition in the marketplace, creating attractive new opportunities for high-frequency-traders. Activities such as spoofing, layering, and front running were banned by 2015. This rule was designed to give investors the best possible price when dealing in stocks, even if that price was not on the exchange that received the order.

On May 6, 2010, almost $1 trillion disappeared from the US stock market, with the market rebounding in under 30 minutes. What led to flash crash, the fastest drop in market history?

It was the UK's general election day, and Wall Street was gripped by mounting anxiety about the Greek debt crisis as the Euro was falling against the dollar and the yen. Despite such turbulence during the trading day, no one had expected what followed next. The US stock market started plummeting, wiping out almost $1 trillion of market value. Hundreds of billions of dollars were wiped from the share prices of household name companies like Procter & Gamble (P&G) and General Electric.

Frenzy followed. The massive plunge did not last long. The share prices returned to their pre-crash levels by around 3 PM, eventually closing 3% lower. Notably, in just 20 minutes, 2 billion shares worth $56 billion had changed hands.

The official report of the investigation by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) outlined a hot potato effect, when people spend money faster, trying to get rid of it like a hot potato. After 5 years after the incident, the US Department of Justice charged Indian-origin British financial trader Navindra Singh Sarao with 22 criminal courts, including fraud and market manipulation, with a maximum sentence of 380 years.

Who is Sarao and how did he make the market turbulent from 4,000 miles away? A genius in math and a prodigy who played with the stock market like a computer, Sarao left his job in 2008 to trade independently. He’s estimated to have made a profit of $40 million from the confines of his bedroom at his parents’ house in Hounslow. He developed a software that placed thousands of stock orders before quickly cancelling or changing them, which created an artificial demand for other traders to buy or sell that asset.

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This practice of spoofing allowed him to genuinely buy or sell orders at a profit in the volatile market later. In Jan 2020, the now 42-year-old autistic trader was spared imprisonment and sentenced to one-year home confinement based on his co-operation and crimes unmotivated by greed. Depending on whom you ask, Sarao was a scrounge, a symbol of a financial system run horribly amok, or a folk hero – an outsider who took on the tyranny of Wall Street and the high frequency traders.

On April 21, 2015, nearly five years after the incident, the U.S. The Department of Justice laid 22 criminal counts, including fraud and market manipulation, against Navinder Singh Sarao, a British Indian financial trader. Among the charges included was the use of spoofing algorithms; just prior to the flash crash, he placed orders for thousands of E-mini S&P 500 stock index futures contracts, which he planned on canceling later. These orders, amounting to about $200 million worth of bets that the market would fall, were replaced or modified 19,000 times before they were canceled. Spoofing, layering, and front running are now banned.

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