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52-80

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Everything posted by 52-80

  1. 52-80
    marked safe from bloody monday. and we owe eddie a beer
  2. 52-80
    VIX can fluctuate more wildly than equities because its a virtual calculation based on a basket of options (of SPX with ~30d expiry) thats much lower in volume and liquidity than underlying stocks. And especially the high print of 65+ today was during pre/early trading sessions, so its deriving options prices from an even thinner market. Once the equities market started to stabilize, the crazy premium for those SPX options eroded. Open options contracts could be sold-to-close and erased from market entirely. Unlike stocks theres no bottom to the price (such as equity book value) or ceiling to the price (some quasi realistic future cash flow prediction), so the SPX options prices could be all over the place, and hence the derived VIX values all over the place. FWIW VIX 38 implies SPX daily move of 2.4% so its far from a quiet market.
  3. 52-80
    Anybody who listens that to that asshat blowhard deserves what they get. Such a fraud. hes very useful. hes even more reliably-inverse than scott galloway
  4. 52-80

    Scotland

    52-80 replied to Chewbacca's topic in Food and Travel

    Lived in UK and we have an office well north of those places. Number 1 selling car is a Qashqai SUV/crossover thing and driving there is never as bad as visitors make it out to be.
  5. 52-80
    Perspective
  6. 52-80
    Are you saying that the Js did this?!?
  7. 52-80
    All of them. Lol. Old economy is looking nice. Altria prints a fat fucking net margin at a 4x revenue multiple. Coke does a steady 25% margin against steady growth at 6x valuation. Both at a slight discount today.
  8. 52-80
    if it keeps going, we all owe Eddie a beer
  9. 52-80
    if the markets' circuit breakers were signaled by a real life guy
  10. 52-80
    schwab app has technical error right now - cant log on (its been happening quite frequently recently). matt levine has a funny bit about how during market distress, people who cant access their account fare off well because it prevents them from panic selling
  11. 52-80
    global indices are all red so there may be too much of a downward cascading effect
  12. 52-80
    LFG ! 🦬🦬🦬
  13. 52-80
    because real shit like physical gold is never volatile
  14. 52-80

    Scotland

    52-80 replied to Chewbacca's topic in Food and Travel

    or you might get a vw touran or sharan minivan or something like that. transit kinda overkill
  15. 52-80

    Scotland

    52-80 replied to Chewbacca's topic in Food and Travel

    driving in uk is actually not that tight, certainly not compared to urban and medieval city centers of the continent. for 5 pax a skoda octavia or superb wagon will be good. they are the size of bmw 3 series on the outside, with more interior volume than 5 series on the inside. should be comfortable for short drives unless you're a family of linebackers.
  16. 52-80
    my short position on nvda is starting to approach flat after getting stomped squarely in the dick for a couple of months 🥴
  17. 52-80
    Who's dumber: mom for giving daughter this name; or govt employee for thinking civilians cant adopt a trademarked name https://www.bbc.com/news/articles/c4ng1xd06xwo
  18. 52-80
    Fun stuff to watch: whether the dept of treasury's financial stress index reaches positive, which defines a state of "stress". The index is constituted from the 5 colored categories below, 4 of which is starting to get tested. And then this is the leverage amount of the 2000+ qualifying hedge funds, which are $150M+ in size. Higher leverage means stronger amplification of market moves i.e. accelerates volatility
  19. 52-80
    There's roughly $10B of creditor repayment from the Mt Gox bankruptcy that started distribution just last month. One wonders how much of that newly-recovered funds is being liquidated to support or take advantage of the Nikkei crashing. And over the weekend there was also news of Jump Trading, a large prop firm / market maker, liquidating its books (shuttering the business?). That may have caused some crypto accounts to deleverage
  20. 52-80
    Subforum Traffic Falling Like Whoa
  21. 52-80
    Berkshire always keeps a gigantic warchest. Their cash + short term treasuries (ie very liquid) are the same size as all their stock investments combined. Almost $300B each. Warren might go on a discount buying spree soon...
  22. 52-80
    60/40 or risk parity is finally doing its job for the first time in like... literal years.
  23. 52-80
    1 crypto market maker shut shop over the weekend and liquidated all their positions. Looks like their drawing down the market is cascading to other participants. VIX futures doing incredible things today. Up 60% so RIP short volatility guys. But hey…long treasury bonds been healthy 😮‍💨
  24. 52-80
  25. 52-80
    If its fridged at the store its fridged at home. Unless if its opened. Highly acidic stuff shouldnt need it.

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