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Its quite common in Indian culture to do this to your elders specially in rural India. Not just parents but aunt, uncles, grandparents, etc. In the cities it is less common.

I doubt you will see a real recession with a huge labor shortage. Similar to pre-1920s boom or post-WWII, although the 1950s & 1960s boom was largely a result of the collapse of the European capacity for obvious reasons. Modern capitalism itself is probably a consequence of the labor shortage...

What do you expect from idiots who believe 33 years of QE is not enough. Yen will soon be 250/USD.

Everyone seems to agree which means rates haven't peaked. War in Ukraine means Wheat & Fertilizers will be elevated for a while. Potential 1973 type war in the Middle East means elevated Crude & RBOB prices.

He should have just admitted his guilt from the beginning. He might have only done time in Club Fed like Boesky or Milken. What a comedown from star trader at Jane Street to this debacle.

Update on the Defiance Russel 2000 daily Put selling ETF. It started trading yesterday on the IWMY ticker. Looks like their strategy is to sell daily ATM/ITM puts on the Russel 2000. Still no word on when/if the 0DTEs will come out. I guess they will alternate between 0DTE & 1DTE. From the...

Berserkly, CA -- the same as the author of Liar's Poker (Michael Lewis).

Health Care & Entertainment doing well? I don't know who wrote this article but they obviously don't have access to stock charts. Besides the Wegovy & Mounjaro makers everything else in the XLV is crashing. Cruise Lines & Airlines doing well? They are also crashing.

Very true. I had friends who worked in both Silicon Valley Bank & First Republic and they were imminently linked to the whole VC market. Believe it or not my friend at First Republic told me years ago that they had an informal branch inside Facebook & Google. I told him that was very risky...

Shorting the DXY is a poor idea since it is simply a math formula of the Euro, Cable, Yen, Aussie dollar & the Loony. The only realistic way it will go down is if the BoJ decides to end their YCC policy and allows their rates to skyrocket which I doubt they will ever do. The EU & UK are dying...

Carter & Dukakis were the end of the FDR Democrats, Clinton and his Democratic Leadership Council were the new wave of Democrats which relied on rich people donating aka Neo-Liberals. Thus NAFTA & Welfare reform. As for regulation always being good? Well the EU has little to no growth and...

I doubt being great at Math is going to help him much as CEO. I can only think of Jim Simons & Mike Milken where being good at math really helped. Simons more than Milken however Milken was more head of the High Yield department and not really CEO. Milken basically created a new market (new...

Looks like it started to work again at 1040 EST. 33 minutes for a market sell order on my BITO calls.

Why else? Blondes with big tits sell well. Just look at all the female telejournalists on Fox News. If Playboy was still being run by Hefner (RIP) she would have already been on it. I mean that blue bikini pic looks perfect for Playboy.

A better poll question is whether Argentina will become the next Zimbabwe. South Africa is well on its way to becoming the next Zimbabwe. Just wait for the rest of the Afrikaans farmers to get booted/killed.

Term Premium is an interesting concept but ephemeral. It does remind me of the Triple State of elements in Physical Chemistry. The theoretical temperature of an element where it exists as a solid, liquid & gas.

Precious metals have done well since the Hamas attack but I bet it will be short lived just like the bounce when the Ukraine conflict started. Rates rising & the USD rising will mute its rise. Gold already made its inflation move in 2020 & 2021. I think rates would have to go down for Gold to...

I doubt the Fed will lower rates anytime soon. We are still in the inflection point of a rate turnaround similar to the late '70s & early '80s. Only when the rates have saturated the economy then they will probably go back to the 60/40 behavior. That might be 2024 or much later. Seems like its...

I think IWM is supposed to have 0DTE options daily pretty soon. I remember the lady who runs Defiance ETFs said that they were working on a 0DTE put writing Russel 2000 ETF like their SPY & QQQ versions (JEPY & QQQY). It seems like heavily traded stocks like AAPL, TSLA, etc. should also have...

Amazing. They would have to let 7 Trillion in assets roll off the balance sheet to get to pre-Lehman Brothers. It seems unlikely to ever happen.