This is why leveraged bets are really difficult to pull off. You might be right on the direction but short term volatility can take you down.
I guess we’re on for a NVDA earnings watch together? Sounds fun! 
2 Likes
I’ll be fast asleep by then (about an hour from now?). But I heard on an Odd Lots episode that there were (maybe still are) NVDA earnings call watch parties in certain bars in Manhattan. I’m not much of a party goer or barfly, but I’d love to see the crowd at such a watch party, reacting to every word uttered by the executives on the call.
2 Likes
Pozsar’s Bretton Woods III on hacker news top page… stuff getting hot.
link
3 Likes
I find watching their after close buying/selling clicks pretty entertaining myself. FOMC post meeting press conferences are pretty entertaining too.
Interesting read, thanks! This makes me wonder, have we gotten out of the repo crisis? I’ve not seen anybody calling it off. I guess there’s more liquidity in the system now, though not necessarily that much more trust between actors and Pozsar seems to say there’s a different kind of stress in the financial markets, but a stress nonetheless.
So…bull run continues?
Looks like some reversal. 
i’m still awake but didn’t look at earnings. so what’s the news? Are we cooked? 
Nvidia reported $57.01bn in total revenues, beating investor expectations of $54.9bn in revenue. Sales increased 62% year-over-year, and profit rose 65% year-on-year to $31.9bn. On the key metric of data-center sales, the company reported $51.2bn in revenue, beating expectations of $49bn.
So, Christmas rally mode it’s activated 
3 Likes
Sell low, buy high:
In 2025, UK investors appear to be engaging in classic “buy high, sell low” behavior. While the London stock market (FTSE 100) is booming, driven by foreign investment and cheap valuations, UK investors have pulled a record £26 billion from UK stocks, seemingly missing out on the gains and potentially selling at a relative low point. This exodus comes as the FTSE 100 is having its best year since 2009, leaving many to wonder if domestic investors are inadvertently selling just as the market is taking off.
4 Likes
Just typed in the key words in google:
Yes, and both of those links seem to match what I described: junior investment bankers hired to create training materials at $150/hour.
They are not describing people being hired for writing pre-canned prompts for this domain, and it is not highly paid by IB standards. (Like, I’m sure a lot of people here would not spit at those rates, but it really will not tempt a Wall Street banker who made it through the gauntlet).
Hence my question of whether you were describing something else, or the story had gotten garbled up somewhere along the way.
So what happened? Before I went swimming, I was up 1%. It reversed and now I’m down 1%. I was banking on selling into the rally
3 Likes
My explanation: -
The WSJ:
Here’s Why Stocks Have Given Up Their Gains
Major stock indexes slid into the red in midday trading Thursday after opening sharply higher. Here are a few factors driving the loss of momentum:
The artificial intelligence turnaround appears to be fleeting. Though Nvidia’s earnings report last night seemed to restore some faith in the AI trade, the confidence boost might have been temporary. The information technology sector is leading the way down for the S&P 500 today.
And it’s not just AI bubble fears. Other concerns—like doubts that the Federal Reserve will opt to cut interest rates in December—are still hanging over markets. The employment report this morning might not have helped much: “The mixed messages coming from the September jobs report seem tailor-made to prompt vigorous debate at the next FOMC meeting,” Michael Feroli, chief U.S. economist at JP Morgan, wrote in an afternoon note.
Risk-off vibes remain. Bitcoin prices continued their weekslong descent on Thursday, and high-momentum stocks like Robinhood and Western Digital Corp. were among those leading losses.
Uhh +2% into -1.5% on my portfolio intraday 
Not entirely sure why I did not pick up on this earlier …
You went swimming and the tide went out? I’m afraid to ask what kind of swimming gear you were wearing at the time …
naked?
Please refrain from posting any explanatory pictures.
6 Likes
Reddit in shambles, sky is falling, run to the hills. Bought another $500/year’s worth of SCHD 
2 Likes
Just call me Nostradamus! 
3 Likes
