It is different this time around. Right? In 2000 and 2008 cheap money and caviar dreams led to the internet and the housing bubble. In 2017 eight years of cheap money has helped push asset prices to their highest levels in recorded history.
Ramble On
Quick Morning Thoughts
Earnings season is now under way. Last night $NFLX reported earnings and hit a new record high, but the move was well under the move the market was expecting. This morning the stock is set to open marginally higher, giving the option sellers the win on both sides of the chain. Historically Netflix has offered some tremendous out of the money trades into the report.
An $ASPS Squeeze Higher?
$ASPS's chart looked on the cusp of a possible breakout last week. Going through recent financials and filings, I found a company on the mend, a possible turn around story. I entered some April calls to take advantage of this potential move higher. After doing some more research I found out not everyone held my same view.
Yahoo Finance show 83%+ of the float is the hands of short sellers. That is a stunning number of shorts betting for downside. The Klingon's recently confirmed: $ASPS has the highest short interest of any stock this side of the gamma quadrant.
The VIX hits a new 10 Year Low
Lessons From A Wolf
The tremendous growth in technology has given almost anyone the ability to make a complete fool of themselves in live for the entire world to see. Yesterday it was over 14,000 people watching a wolf howl at Apples earnings report. Odd.... weird.... strange...yet oddly amusing. Real or fake, yesterdays Wolfman gave us plenty of lessons for today.