
Venti Latte

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Over the weekend, Xerxes did a premium post about bitcoin, and in the comments section, The Wizard made mention of something I had never heard of called the Sornette LLPL. I did a bit of poking around and thought I’d share some information for everyone’s mutual benefit.
“Sornette LLPL power law ascent” refers to the work of Swiss geophysicist and financial economist Didier Sornette, who developed the Log-Periodic Power Law (LPPL) model to diagnose and predict financial bubbles and subsequent market crashes. The “power law ascent” is a key characteristic of the LPPL model, describing the faster-than-exponential growth in asset prices leading up to a critical point (the peak or crash time).
(more…)In percentage terms, these are the three short positions that have produced the best results so far. I intend to simply keep tightening the stops on them.

For a person who has had three dogs in his life for decades, having just one is a big change. But that one – Duke – is a total love, and we’re happy to have him. Happy 1st Birthday, baby!
