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You repeat the drivel you read in mainstream articles without using your brain. Notional exposure has little to do with actual risk. As an exercise look up '18 ED options and compare premium cost vs. notional value of underlying.

You wouldn't call me kiddo if you stood in front of me, armchair warrior.

The real scandal is that this wasn't already the way they handled it in 2008-2010. They're 5 years too late.

That's some of the dumbest shit I've read in a while.

The US fiscal situation has little to nothing in common with Greece nor Argentina. These attempts comparing apples to oranges are cringe worthy at best.

What does it matter to you, considering you have obviously no exposure to the market at all.

And if Sahel elephant herds travel westwards the Dow falls.

You do that. Always great to see people who enjoy their hobbies.

What about journalists and researchers who write text books on starting or improving a business. According to your theory they're all snake oil sellers. The whole $10 bln Dollar industry.

Why not hit Vegas instead? At least you'll have a good time.

Exactly. Premium sellers look like geniuses until the curtain is pulled on them.

Gold historically works well in both inflation and deflation. What's killing gold is extended periods of (even if only seemingly) stable growth.

Nonsense. In fact 99.99% of all money managers won't achieve that, not even close to that over long horizons (20+ years). 8% annualized after fees over the risk-free rate puts your squarely in the top 1% of all professional money managers, regardless of their investing or trading style. With...

Which is of course a bunch of baloney. A good upper barrier to inflation to look at is nominal GDP growth, which has been stalling around 3-4% recently and may yet be revised sharply downward over coming quarters.

Did you also call 'phony' when you saw this guy on PBS in the late 80s?

The interesting thing is VN was pissing on other traders as 'misguided' and 'amateurish' every opportunity he got but was propagating non-sense like the above at the same time.

Neither was any sensible buyer in 1999. Still the Nasdaq gained 50% before imploding 80%. Similarly during the 1926/1927 recession US stocks rallied 50% before imploding in 1929. Stocks are expensive and probably offer weak long term returns but that doesn't mean they can't go much higher.

Not only did he love to sell puts, he also loaded up on on ES futs after his stat models gave their buy signals for an upcoming rally after N consecutive down days. These work 49/50 times until you get swept away by a tsunami in the 50th trade. Buying dips and exiting with a profit target...

1. Don't blow up 2. Don't blow up twice

For those interested http://www.volatilityinvesting.co.uk/