$VIX Update: Sit back and wait—if the market goes up, you make money; if it goes down, you make even more.
Now consider how asymmetric this hedge is: the market is up +2.5% since your long $VIX recommendation, and you’re still in the green.
This tweet isn’t about showing off—I shared all these trades in real time, and you could have taken them too. The goal is to showcase the process and challenge you to think differently.
FASCISM ON COURSE
By Prof Wole Soyinka
It would appear that a record discharge of toxic sludge from our notorious smut factory is currently clogging the streets and sewers of the Republic of Liars. It goes to prove the point that provoked the avalanche EXACTLY! The seeds of incipient fascism in the political arena have evidently matured. A climate of fear is being generated. The refusal to entertain corrective criticism, even differing perspectives of the same position has become a badge of honour and certificate of commitment. What is at stake, ultimately is – Truth, and at a most elementary level of social regulation: when you are party to a conflict, you do not attempt to intimidate the arbiter, attempt to dictate the outcome, or impugn, without credible cause, his or her neutrality even before hearing has commenced. That is a ground rule of just proceeding. Short of this, Truth remains permanently elusive.
The ensuing cacophony has been truly bewildering. It strikes me as a possible ploy to smother recent provocations by other, far more trenchant issues, such as revelations of declarations of a religious war. If so, let it be known that I have long declared war against religious fundamentalism, the nature of which justifies the butchery, kidnapping and enslavement of students in the name of religion. That aspirant’s alleged gaffe cuts no ice with me. Far more alarming was the grotesque fantasy of the Chief Justice of the Supreme Court disguised as a wheelchair, zooming off in space to a secret meeting with other parties of the conflict. On its own, that is sufficiently scary. Swiftly followed thereafter by a television tirade of intimidation, it strikes one as more than the mere antics by the mentally deranged. The tactics are familiar: ridicule, incriminate, then intimidate. Objective: undermine the structure of justice .Just as a reminder: this writer was not being rhetorical when he declared, on exiting prison detention: Justice is the first condition of humanity.
The instigating contest – Nigerian Democracy 2023 - has witnessed much that is innovative – largely in the retrogressive vein. Violence and ethnic profiling. “Spiritual” warfare in the shape of sacrificial rams to keep “disloyal” communities under restraint – in short, intimidation yet again! Easily overlooked however are those missives of violence directed against dissenting voices, real or suspect. Such, for instance, were the virulent attacks and threats to the musician Seun Kuti, his family and iconic music Shrine. His crime consisted of nothing more than declaring the name “Obidient” derogatory to his sense of civic dignity and activist history. Such beginnings – and instances are numerous - have culminated in the open intimidation of the Court of Last Resort, even before proceedings have begun. By the way, I do agree with Seun Kuti; ‘Obidients’ is one of the most repulsive, off-putting concoctions I ever encountered in any political arena. Some love it however, and this is what freedom is about. Choice. Taste. Free emotions. By contrast, I have no quarrel with “Yes Daddy”. Roman Catholics are used to saying “Yes, Father”. Secularists say “Enh, Baba”. The context and content are what matters, and lies – where established - raise bothersome issues such as Integrity Deficiency.
Let us remind ourselves of the following: in any adjudication, society finds it unacceptable that a party to the dispute resort to influencing tactics by extra-judicial means – such as bribery. Intimidation and threats are merely the obverse complements of material inducement. Those who fail to appreciate this are entirely free to their existence in an illusory world.
We shall add the following pointer for this particular electoral tussle - the news may be unpleasant, but here it comes.
@NinoDelEspirito@MoghaluKingsley This is over $32B ought to have been used to develop the region that provides the major source of revenue in Nigeria. Unfortunately, the Niger Delta is one of the poorest, most polluted and most impoverished place in the world. This is a cluster fu*k. What a pity!
@realFFK@realDonaldTrump A classic case of the blind leading the blind. You and my other naija brothers sole reason for supporting DJT was his "Love of Christ", moving the US embassy to Jerusalem and all other "Christian like" ish while ignoring his many acts that defied basic decency. May God deliver u
@fimiletoks A perfect example of a cluster. When politics is local then the stakeholder know what’s in it for them. Practice true federalism then the stakeholders will have a true sense of ownership and would hold each other accountable. Until then it’s free for all; national cake!