Thursday, August 31, 2017

Hazardous Immorality aka. The Big Long

"The nature of  volatility is that it desensitizes over time"

"I don’t worry about crowds — I just worry what the next existential shock might be"





Inverse vol trade





"Safe haven"




What happens when you give a free bailout for greed and malfeasance?

You get a do over, for free...
















Carry traders got the memo:

"RISK OFF"




Big money got the memo and they're leaving an elephant's footprint behind...




Europe got the memo









"I was in Fucktoken, then I don't know what happened after that..."