Labor Department issues rule to crack down on bad retirement savings advice
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The U.S. Department of Labor headquarters in Washington.Al Drago/Bloomberg
via Getty ImagesThe Biden administration issued a final rule on Tuesday
that cra...
1 hour ago
In speculation .. you eat others lunch or you provide lunch.
ReplyDeleteMacro Risk Advisors says the trader known as "50 Cent" was able to turn a massive loss into a big profit last week.
"The persistent buyer of VIX call options that we have been tracking finally made money – and how! As of the Feb 9th close, we calculate that '50 Cent' is up nearly $200 million ever since we started tracking their purchases in January of last year," Pravit Chintawongvanich writes.
The Cboe Volatility Index, or VIX, is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. It surged by 115.6 percent last Monday to 37.32.
LOL!! Power to their strong hands ... It/they deserved it!! :)
ReplyDeleteBut most likely an institution protecting an even larger hoard of assets ... they incurred massive cumulative losses of US$200M on this hedging strategy from Jan 2017 until Jan 2018 before striking payday in Feb 2018 of US$400M.
Get rich or die tryin' --- original 50 Cent ... LOL!