Expectations
Market Is Unglued

Market Is Unglued

Market Is UngluedCan it get worse? Certainly. Will it? We don’t have a crystal ball. All we have is what we observe, and it is NOT simply ‘up’ or ‘down.’ Rather it is the combination of inputs that needs to be observed.Again, for the 9,639,411th time: there is no room...

Market Is Unglued

Just Flip It Upside Down

Imagine the shock when people found out the earth wasn’t flat. It’s the same as those that didn’t understand the denominator. This was never a surprise to moi, evidence here.No one complains when the volatility goes in their favor. That said, it’s still...

What Did You Think Would Happen?

What Did You Think Would Happen?

What Did You Think Would Happen?IF you saw that interest rates were going higher than expectations, then the losses in risky asset markets (NPV) was clear (but always always uncertain, look at the image at the very bottom).. At that time, the rational decision was...

Live Stream, NOW

Live Stream, NOW

Live Stream, NOWI am not really going to comment on poker, I AM going to be commenting on financial topics en masse. You can bring your questions to the online chat, while I fold and fold and fold (and then ultimately lose).The stream will last as long as I am still...

Market Is Unglued

Off-Target

The Debate Over My Coffee Cup ContinuesThe Live Videos Have / Had A Reason (not financial advice, dyor)For those that have watched the videos, and actually read the newsletter, it described auction theory (nerdy explanation here), the look at charts have everything to...