I've tried...
Concerns about North Korean missile salvos, debt ceilings, 500 year floods, Trump-Russia investigations, Fed balance sheet rolloffs just seem so far away right now. We are witnessing a record reach for risk in the face of record risk.But first, in order to understand this mass complacency we need to learn from the zen master:
ZH: How A Day Trader Made $12 Million Betting Against Volatility:
"The nature of volatility is that it desensitizes over time"
"Yes, it is a crowded trade, but I don't worry about crowds"
Any questions?
Back to today...
War is leading again, because nothing says corporate profits like a good blunder:
Followed by new 52 week highs from revenueless Biotech
Because we know how bullish this is...
Chinese internet aka. "Emerging Markets" retesting the highs
Also "bullish"
Of the biggest cap techs only Microsoft and Apple are at new highs, unconfirmed by Facebook, Amazon, and Google:
The Nasdaq 100 at new all time highs, somewhat unconfirmed by the average stock. Only the price in upper pane is real-time, everything else is yesterday's close:
U.S. Oil ETF, stalled at the 50 day, we've seen this movie before:
New high Bitcoin
New high Apple
"Having a collapsing economy helps trade"
From the bond market's standpoint, either the economy continues to implode or the Fed continues to tighten until the economy implodes. Either way, it's over...
From the bond market's standpoint, either the economy continues to implode or the Fed continues to tighten until the economy implodes. Either way, it's over...
"No one can predict the inevitable"
Fed's Kaplan: "A sharp drop in asset prices would not necessarily be troubling to the economic outlook"
Ponzi x Ponzi:
ZH: FuckToken Is Up 370% In 24 Hours
"The returns are absurd… especially considering the assets are priced in Ether or Bitcoin, which have also soared to all-time highs. So on top of a 1,000% return in Bitcoin, ICO investors have also made a 100,000% return in the token."
