clue

What you are talking about here.

I get.

"But you would react in the same partisan defensive manner..." as a defensive partisan once wrote.

I can interpret only fragments of this.

What is the conclusive point of this information?

Thanks in advance.

I would love to hear that this sudden selloff affects these sickeningly priviledged few in a bad way.

https://www.google.com/amp/s/www.bloombergquint.com/markets/2018/01/24/scaramucci-says-salt-las-vegas-conference-won-t-happen-in-2018.amp

Anthony Scaramucci said he’d like to have a role again in the future of SkyBridge Capital, the fund-of-hedge-funds firm he founded, and scrapped plans to hold his flagship SALT conference in Las Vegas this year.

“If the sale goes through I would like to -- and I’ve talked to the HNA people about -- retaining some equity in the firm and being active in terms of trying to help the firm’s growth and prosperity,” he said Wednesday on Bloomberg TV from Davos, Switzerland.

Scaramucci last year agreed to sell his stake in SkyBridge to a group including an American subsidiary of Chinese conglomerate HNA Group Co.


Snip
Instead, he intends to take a group on a five-day trip to China for an event he’s calling the SALT Platinum Partners Experience.

It will introduce participants to business leaders and entrepreneurs in cities including Shanghai and Beijing.

Scaramucci said SALT will return to Las Vegas in 2019 and that he would continue to own 51 percent of the conference business if the sale proceeds.

Held annually at the Bellagio hotel, SALT is best known for attracting some of the world’s most well-known hedge fund managers, mostly male, as well as its lavish parties and after-parties.

In a radio interview with Bloomberg News earlier Wednesday, he responded to a question about a Financial Times report on groping and harassment of women at a London male-only charity event, predicting that the “seediness” of such events ...
More..

You think Trump's investors will get their money's worth?

The line about the white knight-buy backs-failing to prop up the market

This is the main reason the Dow is overvalued. Cooperations were buying their own stock to drive up value. Trumps tax give away was supposed to prime this

There are better economic sites than zerohedge.

A lot of careers have their own words for perfectly simple things. Half a person's education in some of these fields is merely learning the language. So, Add to that the fact that Quants are Not valued for their communication and social skills and you have something that makes absolutely no sense to this farmer.

But thanks for trying.

The real money is made selling complex stuff that the buyer's don't understand.

That goes for business, finance, politics, science, academia, ...

I really wanted a simple job...But, if you look at organic farming and synchronizing your inputs and outputs it can get quite compex. But of course not as complex as this.

Who was it that said capitalism excels at selling imaginary products or some such statement?

My father had a 6th grade education, but he knew a lot about animal husbandry, agronomy, mechanics, electricity, carpentry, blacksmithing, and a whole lot of other skills that farming requires. If you hire tradesmen to do all those tasks, you will not have much to live on from the things you sell.

was a wise man.

My father also.

My sons, don't need such dirty hand things to make them feel good. They have "investments".

facepalm: :

And they didn't work out? And we pay?

Sounds about right.

gambling, by any other name, would still be risky...

What the ever loving fuck does that mean?

The Risk We Warned You About: ‘Short-Vol’ Was a Money Maker…Until It Wasn’t

https://www.barrons.com/articles/short-vol-trades-the-risk-we-warned-you-about-1517882936

The "can't-miss" trade of 2017 is blowing up, even as it helped send stocks plunging Monday, with the Dow Jones Industrial Average and the S&P 500 losing over 4%, most of it in a wild, last-hour slide.

That sure thing was the sale of futures on the Cboe Volatility Index, or VIX, which measures the volatility of options on the S&P 500. That strategy--called "shorting vol" in trader lingo--was close to a sure thing in the record-low volatility that stretched across every asset class, from equities to bonds to currencies, until just a few days ago.

As I explained in Up and Down Wall Street, the strategy involved the sale of longer-dated futures on the VIX, which were priced based on the expected volatility of the S&P 500 a few months down the road.

VIX futures traded above the level of the "spot" VIX quoted in the media--the so-called fear gauge--a condition called "contango" in the futures market. As the VIX futures approach expiration, their prices converge on the spot VIX, falling from 3% to 10% per month. The VIX futures short sellers then get to cover at a profit--if markets maintain their historically low volatility; that is, if nothing bad happens. As the stock market continued on its straight-line ascent, the record-low VIX made the strategy a sure thing.

more at link...

Thank You

No one knows where it will go and if they did they wouldn't tell you or me.

Over the long run invest and you will make money.

prices are too high imo

Just as the pundits argued there was nothing fundamentally wrong - some 'shorts' made good, bought more on the uptick, and now we're back where we started.

The elites make money when Wall Street soars. The elites make money when Wall Street crashes.

The elites are whales. The rest of us are sardines in a pull-top can.

That explanation was helpful. I read about this yesterday (along with info on gold) and it was so hard to understand. The author I read did say "this is how it ends " however----regarding how the market goes down next time.