You have been warned (again) (and again) (and again).
“Either way, you gotta be super smart to run a country and sell vol. buddy, okay? It’s not easy.”
“Perhaps, the prudent investor should be braced for at least a -20% plunge in the value of a well-diversified portfolio at some point during the next 18 months.”
“And yet, I almost feel like I’m being an iconoclast by choosing to take a sip from a glass half full.”
“It’s not crazy”…
Finally, in case you haven’t had enough of “connecting the dots” today, here’s another exercise for you…
So enjoy reveling in our confirmation bias and don’t forget to laugh at the characterization of inverse VIX ETPs as sources of “stable” carry…
The Fed still sees another hike in 2017, perhaps proving that they are in fact leaning in the direction of looking through subdued inflation in the interest of safeguarding financial stability.
Wouldn’t it be super-fun if someone looked at bonds and equities from 15 DM countries going back 217 years and then made an equally weighted index to find out how expensive things really are versus history?
“… the bears could catch up into year-end.”
Well for those who had their doom bunkers all prepped and ready, there’s “good” news on Tuesday – the apocalypse is back on.
The takeaway: if you’re long and unhedged, one of two things must be true. Either you know something everyone else doesn’t or the other way around.
Paging 2 Chainz…
“We believe it is the right time, when markets look at the blue sky with sunglasses and when the trend and carry is your friend, to recommend downgrading risk assets.”
As one reader put it earlier today, “is just being open for trading” a good enough reason for stocks to rally?