And so, having already grown faster in its initial stages than every other notable bubble on the list (and they probably should have included housing in Canada and Sweden), the only question now is whether it will continue to rise and ultimately surpass the 2+ year, exponential rally in BitCoin.Â
If it does, Seth Golden will be one of the richest people on the planet
“It is unlikely that even the last night comments would change that as they concern more of the tail risk, rather than general shift in uncertainty.”
“However, the market impact of a potential conflict on the Korean peninsula could be different.”
Dissensus is back.
“In the light of the recent geopolitical and domestic tensions, the market is taking a closer look at the Trump trade. This is reflected in pricing in a higher probability of a short-term risk off trade.”
“…people think that even Chuck Norris can’t make money buying vol.”
That is all kinds of precarious for all kinds of reasons that should be obvious to anyone with any sense.
” It’s almost like investors are citizens of some financial Prozac Nation, emotions suppressed and buying all kinds of assets regardless of the perceived risk (or return).”
“And you will know my name is the lord!”
“This time is different” is famously one of the most expensive phrases in finance, but perhaps this time really is different.”
“Well sure enough”…
You could call it cruelly ironic: after all, it is the popularity of these products that has served to embed the feedback loop that will ultimately be the cause of their demise. They will almost invariably become victims of their own “success.”
“Vol quickly mean reverts until it doesn’t [but] the dip-buyers might win again in the end.”
“Heads up FAANG, or FAAMG, or whatever the hell the acronym is these days.”
“You unlock this door with the key of imagination”…
“To be clear, the reason ‘what can possibly go wrong?’ has become such a ubiquitous phrase these days has a lot to do with the fact that this has all become one trade.”Â
Riddle me this, Batman…
“Lehman was not a Black Swan. I worked there for seven years and we spent most of them imagining the firm abruptly failing.”
“…financial markets seems to have given the benefit of the doubt until up to two weeks ahead of the deadline.”
“Ok, well it’s time for another edition of ‘interpret that record short VIX positioning.'”
“In fact, August has been the worst performing month for systematic vol sellers since 2010.”
“Is this really sensible?!”…
Nothing to see here…
“It’s probably nothing”…
“The Fed’s halting journey toward balance sheet normalization makes Odysseus’s trip home seem like a speedy jaunt on the hyperloop in comparison.”
You must be logged in to post a comment.