Here’s one that’s probably not on your radar screen.
Ok, so Indian equities were shaken on Monday amid the global risk-off move tied to the Hermit Kingdom’s latest provocation and Kim’s claim that he’s successfully Scotch-taped an H-bomb to one of his garage-made ICBMs.
The Nifty 50 fell as much as 1.1% before recovering a bit:
But the notable bit here is the India VIX which at one point rose 19%, the most since September 29. Ultimately, it was up the most since the U.S. election:
“Uncertainty of reaction to North Korean provocation is dragging on Indian stocks and pushing volatility off from a state of complacency“, IIFL Holdings’ Sanjiv Bhasin warns, adding that “stocks are facing reality after climbing global wall of worries.”
Tomorrow, we’ll get to see if the U.S. dip-buyers, still hungover from Labor Day, are ready to “face reality” or whether the Target managers-turned hedge fund titans will be on hand to deploy the capital they raised from their neighbors in XIV.
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With the Iron Fist Vitae Summa Brevis Spem Nos Vetat Incohare Longam
something like — life is short let’s get started –?
“The Shortness of Life Forbids Us Long Hopes”
The phrase comes from lines in Ode 1.4, by the Roman poet Horace (65-8 b.c.e.):
pallida Mors aequo pulsat pede pauperum tabernas
regnumque turris. o beate Sesti,
vitae summa brevis spem nos vetat incohare longam;
“Still pallid Death is knocking at the hovels of paupers
And the towers of kings. O happy Sestius,
The short span of life forbids us undertaking long hopes.”
https://hokku.wordpress.com/2013/02/05/they-are-not-long-the-days-of-wine-and-roses-the-brief-life-of-ernest-dowson/
Geez! Who are you!? 🙂 That was fun to read and the sad story of such a poetic man – died at 32? How sad – makes you wonder what else he could had said if his life was not so short – and tortured. The rose garden at the bottom of that page is so beautiful! But you have to admit my thoughtful guess at the meaning was not bad for a “redneck” … hahaha!
Have you caught up to the comments on https://heisenbergreport.com/2017/09/03/as-mnuchin-warns-on-debt-ceiling-lets-compare-harvey-to-katrina-because-thats-fun/#comments
Happy Labor Day!