The Good Old Days.

I remember when…


The Moon Shot.


New From Epsilon Theory: ‘Things That Go Bump In The Night’

“Why should we pay good money to buy put options as a hedge on our portfolio when the Fed will give us a put option for free? I think this is the most far-reaching and transformative effect of the extraordinary central bank policies of the past eight years — we are no longer afraid of things that go bump in the night.”


Let that sink in.

SocGen: Stocks Haven’t Been This Expensive So Widely Since 2005

Remember: “it’s all relative”.

Chart Of The Day: Making (World) History

What can we say but…

‘Clearly, Investors Are Feeling Good’: Here’s The ‘Euphoria’ Chart Again

Low vol., “humans” cited.

Reservoir Dogs.

“He’s just gonna decide – out of the blue! – to rip us off?”

Dear America: Here’s What Egregious Wealth And Income Inequality Looks Like

Any questions?

‘What Goes Up’: Everything.

And you know what they say about “what goes up”…

The Bernie Madoff Market

I don’t know about you, but “I think something is wrong here”…

‘Just Stop It’: Frantic Search For New Narrative Ensues As 2018 Trading Kicks Off

I’m not entirely sure what everyone expected. If 2018 were a person, it would probably be thinking something along the lines of this: “well shit, give me at least 48 hours to get my feet wet before you start accusing me of being a cheap knock-off of my predecessor.” 

How Long Can This Last? Survey Says…

We’re in the “sweet spot” – it’s “Goldilocks”- it’s “have your synchronized global growth cake and eat your ongoing central bank accommodation too.” 

‘Fuggedaboutit’: Bill Gross Says ‘This Market Is Fake’


‘Little Wonder!’ Here’s The ‘Bad News’ About Earnings

“Outside of a crisis, changes in share prices and earnings highly correlate, and no more so than today.”