TRENDING
Here I am – stuck in our vacation rental thanks to a nationwide quarantine taking effect this morning – and honestly I could not be happier. Although I have never been a perma-bear the past decade of eternal effervescence had become the bane of my existence. Living in Valencia I increasingly noticed it everywhere around me as unbridled mass tourism is a prime litmus test for an economic bubble that’s just waiting to be pricked. Beyond mere ‘moral hazard’ the grand financial experiment of the 21st century wrought cultural and social implications that ended up destroying families and inter-personal relationships on a mass scale, and in the process pitted [...]
Alright, so it’s time we take a closer look at the situation across equities. Which is annoying me to no end to be honest any natural laws involving gravity seemingly have been abandoned. It’s not that I want this market to fall as trading up is usually a lot easier than trading down. But while uni-directional market may look like fun on the surface, unless your name is Bill Eckhard it’s a major pain in the rectum for most traders who don’t enjoy buying on the way up.
I feel rather conflicted about the price action over the past month and quite frankly that’s exactly how I should feel and thus act accordingly. Just take a look at a daily E-Mini chart and compare the March contract (ESH7) with the current front month (ESM7) and tell me what you see.
In 1959 at Caltech, Dr. Richard Feynman presented the American Physical Society with his classic lecture titled ‘There’s Plenty of Room at the Bottom‘, outlining his vision of the future and the possibility of engineering microscopic technology down to the molecular scale. Feynman’s presentation has continued to inspire several generations of biologists, physicists, and chemists to this very day. Only in the recent past however, more than half a century later, are we beginning to harvest the fruits of his vision, as our scientific knowledge and technological capabilities are slowly encroaching into the microscopic world.
Unfortunately however it seems [...]
Evil Speculator 101
