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Another week down. Another week of equity indices moving higher. Another week of watching our portfolio and various processes grind larger still. It’s no secret that we hold IBM in our Income Process.  As well as Union Pacific (UNP) which also has not fared too well this week.  And yet … our portfolio’s moved higher still.  There is the tiny ‘Sharpe...

“Maybe we should teach schoolchildren probability theory and investment risk management.” – Andrew Lo First, let’s talk about that long QQQ position, that we had liquidated and went to cash.  Skill?  Or …. … Also, the new ‘Sharpe Report‘ is live, as well as the crypto-currency theft of ‘Bithumb’ (?) that...

Short-term trading can involve a lot of discretion. In other words … skill. You learn to ‘lean’ into a particular belief due to subtle and nuanced reasons that you yourself may find difficult to explain.  Sometimes, you adopt a belief simply because you do not want to be ‘surprised’ by the markets. I find myself at such a point now. I...

“Liquidity is present.  Until it isn’t”– Personal Maxim Markets are quiet. We still maintain that massive long Q’s position that we have been discussing for some time. And at the same time, Bitcoin is making new highs.  Which I think is fantastic for those who are long.  My question, given recent history (of about 4 years ago) …...

Posted on May 24 2017 - 2:09pm by Dan
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The ‘Great Quiet’ continues to coil it’s body around each and every one of us.  Attempting to put traders to sleep in the soft blanket of complacency.  The VIX is printing 10.36 at the time of this writing. Our Core Program hit another brand new high earlier this week.  It has dipped about 6 BPS since that time.  But it’s accompanying the...