11 Minute Read

Tackle Today: IT

December 12, 2019

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IT wallpaper

« Monsters and ghosts are real. »

The worst thing you can do to a kid with a fertile imagination is making him/her watch horror movies. In this regard, the 80s were prolific in making me s*** my pants in sheer bloody terror. Not that my parents forced me to watch the silver screen dripping blood, I just couldn’t resist their strong gravitational pull. A Nightmare on Elm Street, The Funhouse, Hellraiser, Poltergeist, The Exorcist (from ’73, right, but still one of the most terrifying movies ever made), you name it.

“Come here son, you’re gonna love this movie”.
“No, I won’t.”
“C’mon, it’s alright. This is just a movie”.
“No, it is not”.

And then, there’s IT, based on the Stephen King 1986 horror novel, re-released in 2017 with that Swedish actor who’s even creepier than Tim Curry playing the child-killing clown Pennywise. One of the worst things in the plot is not the demon-like creature itself, but the fact that only the children can see it.

Every time I look at the VIX hitting all-time lows, the market hitting all-time highs and people rushing headlong into “no-vol, no-risk” assets with easy money flooding the markets, I can’t help but feel like one of those children witnessing Pennywise in terrifying manifestations. Is it just me or is there anybody out there seeing the same thing who, perhaps, wants to join me in the new Losers Club?

Maybe the worst thing you can do to an adult that grew up watching horror movies in the 80s is to show the VIX chart at all-time lows and telling him/her “C’mon, it’s alright. This is just a movie.”

No, it is not.

“Monsters are real, and ghosts are real too. They live inside us, and sometimes, they win.”

Stephen King —

Chart of the Day

How much debt corporations have accumulated in past decades?

How much debt corporations have accumulated in past decades? (Source: Federal Reserve Bank of St. Louis)
(Source: Federal Reserve Bank of St. Louis)

“The chart above from the US Fed provides a perspective on how much debt corporations have accumulated in past decades. It took the corporate bond market more than 50 years to grow to 3 trillion in size. Then in the short span of about seven years in the wake of the financial crisis, the corporations collectively piled on almost another 3 trillion.”

Source: The Next Turn

Video of the day

What is Implied Volatility

IV is a very important metric of an option price. IV is calculated by taking an option price, inputting it into the Black Scholes mathematical formula to solve for the value of the volatility.


Rookie Corner

Broker Madness! The Final Word!

Hey Rookie Bloggers! This will be the last in this series of blog posts about brokers. I feel like we covered this very well with one small exception? I forgot to explain why it truly matters about commission rates and why it is so important to get the best deal for you that still fits within your own trading style.

Traders Lounge 11 PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Cashflow Club 8:30 PM EST

Held every Thursday before Friday’s option contract expirations, this show helps you perfect your favorite cashflow strategies.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.


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