Time to get Charlie back on @ErikSTownsend ?
With the action this week, which Nomura's McElligott said resulted in a "traumatic risk-management unwind" that saw 124 pair trades stop out on the firm's Long/Short monitor including 47 greater than three standard deviations, 26 greater than four and 6 greater than five.
As ZH notes "a 5-sigma move is supposed to happen roughly once every few thousand years in a normal distribution."
McElligott: To me, a lot of this "Stop-Out / Capitulation" is about Crowding in what had been an unusual year of widespread "High Sharpe Winners" as the "Gifts That Kept Giving" in both -Carry and -Trend....but now, particularly with the abject "Performance Pain" now occuring late in the year during Q4... Traders are now simply forced or incentivized to "Survive Drawdowns" and avoid having their Capital culled ahead of the new year PNL turn...so it's "De-risking and Shut-It-Down" -mode even if some juicy looking trades are there.
ZH: as McElligott shows, the "Reversing" flag is now lit up across nearly every asset class on Nomura's trend monitor: Treasuries across the curve, EUR rates, JGBs, SOFR futures, the S&P, the Nasdaq 100, copper, cocoa, sugar and half the G10 FX board.
zerohedge.com/markets/glass-…
hung parliament prevents excessive spending
Pete retweeted
Anthony de Mello 🗣️
“A good way to discover your shortcomings,” said the Master, “is to observe what irritates you in others.”
"Live your life as you see fit. That's not selfish. Selfish is to demand that others live their lives as you see fit."
"Seek to change yourself, not other people. It is easier to protect your feet with slippers than to carpet the whole of the earth."
"If people want happiness so badly, why don’t they attempt to understand their false beliefs? First, because it never occurs to them to see them as false or even as beliefs. They see them as facts and reality, so deeply have they been programmed."
“As soon as you look at the world through an ideology you are finished. No reality fits an ideology. Life is beyond that. … That is why people are always searching for a meaning to life… Meaning is only found when you go beyond meaning."
“People who want a cure, provided they can have it without pain, are like those who favour progress, provided they can have it without change.”
“The world is full of sorrow. The root of sorrow is attachment. The uprooting of sorrow means the uprooting, the dropping of attachments.”
"Sinners often speak the truth. And saints have led people astray. Examine what is said, not the one who says it."
“Suffering occurs when you clash with reality. When your illusions clash with reality, when your falsehoods clash with truth, then you have suffering. Otherwise there is no suffering.”
“All I can do for you is help you to unlearn. That’s what learning is all about where spirituality is concerned: unlearning, unlearning almost everything you’ve been taught. A willingness to unlearn, to listen.”
“Think of a flabby person covered with fat. That is what your mind can become—flabby, covered with layers of fat till it becomes too dull and lazy to think, to observe, to explore, to discover. It loses its alertness, its aliveness, its flexibility and goes to sleep. What are these layers? Every belief that you hold, every conclusion you have reached about persons and things, every habit and every attachment. In your formative years you should have been helped to scrape off these layers and liberate your mind. Instead your society, your culture, which put these layers on your mind in the first place, has educated you to not even notice them, to go to sleep and let other people—the experts: your politicians, your cultural and religious leaders—do your thinking for you. So you are weighed down with the load of unexamined, unquestioned authority and tradition.”
“When you come to see you are not as wise today as you thought you were yesterday, you are wiser today.”
“Of what use is it to be tolerant of others if you are convinced that you are right and everyone who disagrees with you is wrong? That isn’t tolerance but condescension.”
“To be properly wicked, you do not have to break the Law. Just observe it to the letter.”
“Certainty is the culprit. The spiritual person knows uncertainty—a state of mind unknown to the religious fanatic.”
“Most people end up being conformists; they adapt to prison life. A few become reformers; they fight for better lighting, better ventilation. Hardly anyone becomes a rebel, a revolutionary who breaks down the prison walls. You can only be a revolutionary when you see the prison walls in the first place.”
“The neurotic is a person who worries about something that did not happen in the past. He’s not like us normal people who worry about things that will not happen in the future.”
“You listen,” said the Master, “not to discover, but to find something that confirms your own thoughts. You argue, not to find the truth, but to vindicate your thinking.”
"Another illusion is that external events have the power to hurt you, that other people have the power to hurt you. They don't. It's you who give this power to them."
"Enlightenment is: absolute cooperation with the inevitable."
“If you see through yourself, you will see through everyone.”
doesn't matter. Pretty sure MS was also positioned SHORT before they issued this report....
Mo Lester
Top 25 worst Nicknames in Sports History
1. Lester Hayes - "The Molester"
2. George Carter - "Dirty Dingus"
3. Onterrio Smith - "The Whizzanator"
4. Larry Johnson - “Grandmama”
5. Glen Davis - “Big Baby”
6. Jared Lorenzen - “The Hefty Lefty”
7. Mark Sanchez - “The Sanchize”
8. Scottie Pippen - “No Tippin’ Pippen”
9. David Beckham - “Golden Balls”
10. LeBron James - “King James”
11. Ty Cobb - “The Georgia Peach”
12. Joe Bryant - “Jellybean”
13. Nate Archibald - “Tiny”
14. André Racicot - “Red Light”
15. Eric Esch - “Butterbean”
16. Anthony McFarland - “Booger”
17. Shaquille O’Neal - “The Big Aristotle”
18. Dennis Awtrey - "Moose Breath"
19. Mark McGwire - “Big Mac”
20. Adam Dunn - “Big Donkey”
21. Chris Bosh - “The Boshtrich”
22. Paul Pierce - “The Truth”
23. Joe Jackson - “Shoeless”
24. Freddie Mitchell - “Fred Ex”
25. Charles Barkley - “The Round Mound of Rebound
Pete retweeted
JUST IN: The man who stopped the school shooting in Bend, Oregon, has been identified as 36-year-old Kalub Giamanco.
Giamanco, a carpenter, was reportedly driving home for lunch when he heard gunshots.
After hearing the gunshots, Giamanco, who has a concealed carry permit, followed the suspect into the school.
He then shot and killed 16-year-old John J Griffin moments after the teen opened fire into a special education classroom.
Giamanco, who has two children of his own who attend the school, is family friends with one of the victims, a 7-year-old who uses a wheelchair and was shot in the face.
The 7-year-old survived and is in the hospital.
Three children at Silver Rail Elementary School were killed. Their ages are 5, 8, and 11.
According to Giamanco's brother, Giamanco doesn't feel like a hero because he feels guilty for not being able to save more children.
You are a hero, Kalub.
Pete retweeted
Dr. Dunkenstein beats them all if you ask me.
Top 25 Best Nicknames in Sports History
1. The Great One - Wayne Gretzky
2. The Hitman - Tommy Hearns
3. The Sultan of Swat - Babe Ruth
4. Manos De Piedra - Roberto Duran
5. Iceman - George Gervin
6. Magic - Magic Johnson
7. The Say Hey Kid - Willie Mays
8. Sweetness - Walter Payton
9. Black Mamba - Kobe Bryant
10. The Big Unit - Randy Johnson
11. Canelo - Saul Álvarez
12. Mr. October - Reggie Jackson
13. The Rocket - Roger Clemens
14. Prime Time - Deion Sanders
15. The Answer - Allen Iverson
16. MegaTron - Calvin Johnson
17. The Golden Bear - Jack Nicklaus
18. Marvelous - Marvin Hagler
19. White Chocolate - Jason Williams
20. The Iron Horse - Lou Gehrig
21. The Greatest - Muhammad Ali
22. Big Papi - David Ortiz
23. Iron Mike - Mike Tyson
24. Beast Mode - Marshawn Lynch
25. The Minister of Defense - Reggie White
Pete retweeted
Somebody should've been scraping Lennar's website to keep those turds honest!
Lennar caught selling homes to themselves, juicing numbers and inflating comps.
h/t @hntrbrkmedia @m3_melody $LEN
ANTHROPIC’S IPO VALUATION EXPECTATIONS DROP FROM $2 TRILLION TO $1.5 TRILLION
Some investors are considering a $1.5 trillion valuation for Anthropic’s upcoming IPO, down 25% from earlier expectations of $2 trillion.
Anthropic reported $16.8 billion in Q3 revenue, up 45% quarter-over-quarter, but growth slowed sharply after revenue more than doubled in Q2.
The company also reported adjusted profitability for the quarter.
The key concern: Slowing revenue growth and rising AI infrastructure costs could weigh on one of the most anticipated IPOs.
Source: Reuters Exclusive
Pete retweeted
Replying to @DavidBCollum @jimmycarr
He had a bad "Covid" emergency. Haven't heard him apologise and won't hold my breath.
Un. Fooking. Defeated
Looking at the metadata on @TheEconomist website, you can see the exact time the cover came out.
Un. Fooking. Real.
@biancoresearch
Pete retweeted
Looking at the metadata on @TheEconomist website, you can see the exact time the cover came out.
Un. Fooking. Real.
@biancoresearch




























