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I dont think you can shorty UVXY anywhere right now. But why not just do it with futures? And at the old, -2 ratio? No one seems to be talking about it, but UVXY isn;t just comprised of the futures positions of late, but includes some swap in it. To me this is a red flag, and I'd keep the hell...

Careful with that axe, Eugene. It depends on the time window one uses to measure the correlation. The shorter the time frame, the more that the correlation flips--goes positive for short periods of time. These have historically marked good interim turning point s in the markets, and might be...

Oh that's not a function of the executing broker, but rather that when the SHTF I watched prime brokers that you thought would be able to handle the heat and couldn't, when in fact, Lightspeed did. Amazing how those 5-sigma days separate wheat from chaff.

Yes, and I beg your pardon on that - my eyesight is so bad I have gotten lazy and use speech-to-text and it struggles with many proper nouns.

I very never had that happen. On many occasions, I've written far more than the oi in a given series, both equity options and future s options, by selling at a sligjlty lower vol and vice versa. I've found I can pretty much operate on the notion that there is unlimited size in any option...

~600 billion comes in the door at Treasury, and comes out into circulation on the streets of the US, and ~200 bln each year thereafter. For the life of me, I cannot figure out how DJTs predecessor's could NOT have made the corporate tax reduction and repatriation simple task #1. That was the...

Me.

It depends entirely on what you are looking to do, what your criteria is, your goal, for being in the markets. Most people don't have a f***ing clue, and are too lazy to spend a Summer staring at a ceiling fan to figure that one out. So, like most people in most of life, saddled by momentum and...

The question of how much to risk is a function of what you trade, how you trade it, and what your criteria (i.e. what are you trying to achieve) in trading it that way.

I agree Ironchef. In fact, I would posit that is perhaps the biggest driving force behind these equities markets these days - the pervasive, contagious and invisible fear that our society is soaked in. We are a bike helmet society. Forty years go, we would hitch hike across the continent on a...

Yes, and yesterday's shutdown insanity bill, is still somethign highly, HIGHLY stimulative.

And have some pain-tolerance, something traders nowadays have seemingly very little of. This isn't church bingo.

October 16, 1987 turned out historically, to be a GREAT day to be a buyer. So to was anytime in 2007, 2008. The fundamentals beneath this market are super-strong, and valuations are nowhere near where they need to be for the end of a bull market. What we've experienced so-far, is nothing. You...

Ask yourself this -- can you take an 80% (or more) hit in one day and be able to keep it together and keep going, and do so without any drift in your strategy? Now I know most of you will think there's no way that can happen to you, or that you have it all covered, but the markets will find a...

Like the man at the rail by the wire said to me, "If the best horse always won, this shit would be easy."

Thank you for this. I would too.

Yes, very true! Correlations (positive) diminish in rising markets, as does volatility, and declining markets these things tend to pick up. It;s why you now see, as is typical for a bull market, sector selection and individual stock selection becomes important. It;s why things like real estate...

This too is v true! Also, spy had been a beast to keep up with sans leverage.

We witness disparate real estate markets, I think, much as we see more sector rotation and selectivity in bull markets. When things go south, correlations return.

It arbitrary. To me there are no significant price points.