808

Memento mortis

[808 @prpl8]

Profits High
Employment High
Buybacks High
Deferrals High
Debt Service Low
Spreads Low
Taxes Low
Valuations High
HH Stock Allocation High(est)
US Stock Weight High(est)

2025 seems like its going to be a fun year, but sometime this Presidential term it will all roll over

[808 @prpl8]

@BarackO59493 @rev_cap mmm hmm

[808 @prpl8]

@vixologist good time for Wall Street, lots of investment banking fees, lots of trading profits, lots of otc hedges to be sold

[808 @prpl8]

I started ML Dec 1994, ended up specializing in hedging concentrated stock positions

goals: keep some upside, hedge downside, get cash, defer taxes, avoid reporting

I am not up to date on all the laws but i will tell you this:

if you have highly appreciated tech stock now is the PERFECT time to do a collar [plus loan]

insane call skew makes it so advantageous

i can tell you at least a dozen stories of proposals i made to hedge > 50 million (year 1999 dollars) where the guys lost essentially everything

a few of these guys were CEOs that should have known better

do not waste this chance

[808 @prpl8]

@vixologist it is time

[808 @prpl8]

@fullbidlift single name stuff totally out of control though

[808 @prpl8]

I came up with my "In Calls We Trust" mantra in 2020 due to the idea that Fed put + overwriting & collar funds were giving a great opportunity to buy persistently cheap calls

well, you guys have taken it too far, sorry

[808 @prpl8]

In Calls We Trust

[808 @prpl8]

@fullbidlift always possible

[808 @prpl8]

@joe_fish34 super complicated but selling calls vs squeezing stocks is not my thing

[808 @prpl8]

@WmMarquess people like cash, but the opportunity is not in the loan, it’s in the collar

[808 @prpl8]

@tleilax___ but that was a great scene

[808 @prpl8]

@tleilax___ only the movie

[Mark Ungewitter @mark_ungewitter]

Today’s semiconductor melt-up obviously resembles post-1998 behavior (upper clip). ROC is well short of the 76-week reading at the March 2000 top (middle clip), but well ahead based on the 61-week interval since April 2025 (lower clip). Trailing stops, anyone?

[808 @prpl8]

AOC fixes this

[First Squawk @FirstSquawk]

TRUMP: WE HAVE VERY LITTLE INFLATION

[808 @prpl8]

@HiroPro79750486 All of June

[808 @prpl8]

trip to a walmart in Las Vegas, they lock up soap here

how we feeling about

1) inflation
2) pricing power
3) American character

[808 @prpl8]

found @AlwaysLongGamma hidden identity

[Nick O’Neill @chooserich]

Michael Saylor’s ponzi implodes triggering largest crypto collapse since FTX

[808 @prpl8]

@PaToFe4 ok what are discarded wheel weight s i know the other two…no idea on inflation in them though

[808 @prpl8]

this was v good

[🎙Redefining Energy podcast @Redef_Energy]

🎙️Ep231. Car Wars: China vs the West
#spotify https://t.co/LswQeD8qcp
#applepodcast https://t.co/d28wFPPtZY

@gerardreid14 and @MegaWattXinfo welcome Michael Dunne @dunne_insights to discuss the state of the Auto industry. China, Electrification, Autonomy.

[808 @prpl8]

@oilgastourist the old moon/crater…never gets old does it?