Going Gray
Everything under the sun is in chaos. The situation is excellent. – Mao Zedong (1893 – 1976) Forget it, Jake. It’s Chinatown. – Chinatown (1974)…
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Everything under the sun is in chaos. The situation is excellent. – Mao Zedong (1893 – 1976) Forget it, Jake. It’s Chinatown. – Chinatown (1974)…
I’ll have a new full-length Epsilon Theory note out early next week (“Going Gray”), but wanted to pass along two background points. First, a replay…
Take your instinct by the reinsYou’d better best to rearrangeWhat we want and what we needHas been confused, been confused– REM, “Finest Worksong” (1987) The…
Two items for the mid-week. First, an invitation to attend a Salient Webinar I’ll be presenting next Thursday, September 18th at 2pm ET, titled: “The Game…
– Actual conversation as I left a client meeting with a Salient colleague last Friday and we checked our phones… Colleague: Wow, looks like the…
If names be not correct, language is not in accordance with the truth of things. ― Confucius, “The Analects of Confucius” (551 – 479 BC)…
Something on the lighter side from Epsilon Theory today, as summer winds downs here in the last week of August. Most of us have seen videos galore…
You know what I’ve noticed? Nobody panics when things go “according to plan”. Even if the plan is horrifying. If, tomorrow, I tell the press…
From an Epsilon Theory perspective, the scariest, most market risk-creating event of the past 48 hours had nothing to do with Iraq, nothing to do…
I shared a dark suspicion that the life we were leading was a lost cause, that we were all actors, kidding ourselves along on a…
You think you’re alone until you realize you’re in it. Now fear is here to stay. Love is here for a visit. – Elvis Costello,…
[Jeremiah and Bear Claw hunt elk] Jeremiah: Wind’s right, but he’ll just run soon as we step out of these trees. Bear Claw: Trick to…
“He’s dreaming now,” said Tweedledee, “and what do you think he’s dreaming about?” Alice said, “Nobody can guess that.” “Why, about you!” Tweedledee exclaimed, clapping…
There were no donkeys in Guizhou until an eccentric took one there by boat; but finding no use for it he set it loose in…
When I was a little kid we had a sand box. It was a quicksand box. I was an only child … eventually. – Steven…
That’s not how it works. That’s not how any of this works. – Esurance “Beatrice” commercial There’s a wonderful commercial in heavy rotation on American television,…
1M implied volatility on the VIX fell to an all-time low last week. Generally speaking, this means that options on short-term market volatility increasing have…