Ctrl-Alt-‘Up’.
Another day, another…
‘Pigs Just Might Fly’ In A World Where Spreads Are This Out Of Touch With Leverage
“However, by 2008’s final quarter, corporate debt reached 523% of internal funds and the high-yield EDF soared to 10.33%. At the same time, a mild recession was turning into a global calamity.”
Blankfein: Goldman Isn’t ‘Endorsing Bitcoin’ – Until They Decide How Profitable It Will Be
“Still thinking about #Bitcoin.”
Gandalf Sighting! Kolanovic Describes The Next Crisis, Warns Of ‘Backlash Against Central Banks’
And what does Kolanovic think the next crisis will look like? Well, “the next crisis’s main feature will be severe liquidity disruptions resulting from market developments since the last crisis,” he says.
Here Is The Source Of The Next Crash
“But I wonder if Ray Dalio’s retirement was equally smart. Could he have timed it perfectly? Did he retire like Michael Jordon after sinking the jump shot in the dying seconds to win the series?”
Trump ‘Hates’ To Tell Puerto Rico, But They’ve Thrown ‘A Thing Called Budget Out Of Whack’
“What is your death count?”
‘Your Guess Is As Good As Mine’: One Trader Tells You How Friday Is Going To Go
“Still, like it or not, traders will scream about, and trade on, misses or beats of statistically meaningless amounts to a number whose meaning will only be really known in hindsight.”
2 ‘Remarkable’ S&P Stats
Meanwhile, from the file marked “evidence that the equity euphoria is completely out of control”…
‘Robot Monster’: Pricing In ‘Physical Annihilation’
“I cannot — yet I must. How do you calculate that? At what point on the graph do ‘must’ and ‘cannot’ meet?”
Here’s One Rally You Should Maybe Fade…
“There are many flaws in the bullish argument for the greenback”…
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
You need an upgrade.
‘Do You Accept Rubles?’ Facebook Admits 10 Million People Saw Russia-Linked Ads
“Weren’t some of these ads paid for in Russian currency? Why didn’t your ad review system notice this and bring the ads to your attention?”
Rotate Me.
“The past few weeks have been marked by significant rotations.”
What Happens In Vegas.
A somber day. An ebullient market.
If You’re Short Volatility, Do Yourself A Favor And Go Buy A New iPhone
Here’s one that’s sure to bring in some angry e-mail from both the Apple acolytes and the vol. sellers.
This Is It: One Trader Calls The Top
“If you dared suggest maybe their theories might be flawed, you were labeled a luddite who did not understand the massive imbalances in the global financial system.”
Reagan Adviser: Every Member Of Trump’s Cabinet May Go Down As The Worst In History
“…prominent figures on both sides of the political divide are already wondering whether the administration could be historically incompetent.”
Trader: A Part Of Me Wants To ‘Sell Everything’
“On a purely emotional basis, I was torn between sell everything — hard to do in foreign exchange — and wondering anew whether news itself no longer has any meaning for investors.”
Goldman To Start Bitcoin Trading Operation: WSJ
“In response to client interest in digital currencies we are exploring how best to serve them in this space.”
The Poison Pill: ‘Trump May Have To Resort To Shutting Down The Government’
“We struggle to understand the positive market reception to the unveiling of the detailed tax reform proposal last week. In our view, the plan, which is not even close to meeting the Byrd test, has little chance of becoming a reality.”
Cryptocurrency Monaco Soared Nearly 700% After Promoting A Visa Deal That Never Happened
“In retrospect, we probably wouldn’t put the Visa name on there yet.”
‘Until It Blew Up’…
“They mistake the distortions of their wall of money for the wisdom of their observations.”
‘What’s The Worst That Can Happen’? Pandora’s Box And The ‘Balkanisation’ Of Spain
“If he loses support in parliament, there’s an outside chance that this could topple the government and create unexpected political risks.”
‘Facebook Has Been Weaponized By Aliens’
“However reluctantly, Zuckerberg is recognizing the not-so-nice aspects of our ever-more-interconnected world.”
‘Maybe Volatility Is The Answer.’
“All this combines to suggest a volatile fourth quarter. Year-end themes remain elusive.”
‘These Go To 11’: SocGen ‘Goes There’
“This is the second longest stretch of consecutive gains for the MSCI World since its formation in 1969.”
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