@eshear Some parts of certain objects will eventually break down, like black holes. We actually live in that kind of universe, one governed by Heisenberg's Uncertainty Principle and the Planck scale. 🙉
@dampedspring The market is running out of fuel. I’m holding beta, but I don’t think it can go higher for the rest of the week. So, I’ll add VIX futures and sell covered calls expiring at the end of the week.
@rowdyamerican69@zerohedge Look at what has happened over the past five years from “haha, ChatGPT writes poems” to “fix this for me.” Imagine where we’ll be in another five years. Our interaction with AI will become far more profound.
@dampedspring I didn't experience the telecom bubble and the overbuilding of infrastructure. But today, the market is aware of it, and it is one of the biggest concerns. The difference this time is that the market might correct itself faster.
@dampedspring Prediction:
The market will likely remain flat over the next two days, with limited upside potential, followed by a pullback.
I sold a covered call for Monday at 7k on MES. I’m getting ready to buy some VXM on Friday. Currently, I’m 2/3 in cash and 1/3 in MES.
@dampedspring Daily returns of most assets do not follow a normal distribution (they have fat tails), so interpreting moves by dividing by the standard deviation to estimate probabilities is incorrect.
@dampedspring sold 1/3 exposure and back to normal (now 1/3 exposure and 2/3 in cash), expecting higher levels for now. no selling covered call for now as the risk of assignment is high.