I was told some weeks ago (privately) that Tom Sosnoff was moving on. He and I have had a business and personal relationship for over a quarter of a century, and this is a moving and lovely video he just posted:
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
I, Me, Mine
Trading Through the Volatility Drought
(and Why It May Finally Be Ending)
For what feels like an eternity, options traders have been staring at one of the tightest volatility clusters we’ve seen in years. Premiums have been lean. The usual fat opportunities to sell risk have been slim. It’s been like sitting in the calm before a storm, waiting for movement that just won’t come.
But here’s the interesting part: that cluster is starting to spread out. If you pull up a volatility chart, you’ll notice the compression loosening. The market may not have broken out yet, but the early signs are there, and those signals matter for traders who’ve felt handcuffed by months of low implied volatility.
H1-B Hives
The topic of H1-B visas is very much in the news, so I wanted to chime in.
The picture below is from the year 2000 or thereabouts. It is the entire staff of my little company Prophet, which I started in 1992 with a war chest of $3,000. Everyone picture here is ‘mericuhn with two exceptions: the chaps wearing eyeglasses (center of picture and extreme left).
Guaranteed Correct
The permabulls at Zerohedge (which obviously are little more than a mouthpiece for Goldman, whom they parrot endlessly) are 100% guaranteed to be right. These posts were just minutes apart:
