Some Trader Has Made A Very Big Bet That Something Very Bad Will Happen Within The Next 60 Days
From Cashin’s Comments:
A Very Big Bet In A Somewhat Unlikely Instrument – Jim Brown, the ever-alert consummate professional over at Option Investor pointed us to a rather unusual trade.
Here’s what he wrote in last night’s edition of his valuable newsletter:
In past years I have reported on trades that were so large it appeared someone had inside knowledge of a pending event.
Sometimes those were massive put positions on the S&P.
A new trade just appeared that suggests there will be a market event in the near future.
Last week somebody put on a call spread on the VIX using the April 20 and 25 puts. They bought 150,000 contracts for a net of $75 per contract.
That is an $11,250,000 bet that the VIX will move over 20 over the next 60 days.
You would have to be VERY confident in your outlook to risk $11 million on a directional position with the VIX at five year lows and the markets trying to break out to new highs.
Jim then goes on to list some of the scheduled events and deadlines visible over the next 60 days (mostly in Washington).
When you add in the broad variety of geo-political possibilities, it’s a decent reason to stay extra alert.
I Was Wrong … It Looks Like A Very Bad Piece Of Fiscal Policy Is About To Go Into Place
A key policy goal right now is to minimize short term austerity since the deficit as a percent of GDP is already shrinking quickly, and the deficit should continue to shrink over the next few years. So my view has been that something would be worked out on the “sequester” that would minimize immediate spending cuts.
It appears I may be wrong, and the “sequester” cuts might happen on March 1st.
Read more at http://www.calculatedriskblog.com/2013/02/sequester-budget-cuts-appear-more-likely.html#T5KIpWlYAypSKf3D.99
Dollar Sell Off Within 4 Months-John Williams
A Revolution Is Happening In Offices Everywhere [SLIDE DECK]
Despite the massive changes we’ve seen in our personal lives from technology, the workplace has been remarkably static.
Many of us still work in big offices, in cubicles, and at the same desk and computer every day.
Not for much longer.
The workplace of the future is going to be less centralized, more mobile, and more flexible than anything most people outside the startup and freelance economy have experienced before.
And the trend’s going to be accelerated by rapid uptake of mobile technology, economic volatility, and the global war for top talent.
The next and last Pope – Petrus Romanus aka Peter Turkson
A staunch anti-Muslim. King of the North with push at King of the South. You know the rest.
ROME – Pope Benedict will step down as head of the Catholic Church on February 28, the Vatican confirmed on Monday.
Putin Turns Black Gold to Bullion as Russia Outbuys World
When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it.
Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg. The added gold is also almost triple the weight of the Statue of Liberty.
“The more gold a country has, the more sovereignty it will have if there’s a cataclysm with the dollar, the euro, the pound or any other reserve currency,” Evgeny Fedorov, a lawmaker for Putin’s United Russia party in the lower house of parliament, said in a telephone interview in Moscow.
As Egypt Runs Out Of Dollars, Is It Next On The Devaluation Bandwagon?
Late on Friday Venezuela shocked the world when instead of reporting an update on the ailing health of its leader, as many expected it would, it announced the official devaluation of its currency, the Bolivar by nearly 50% against the dollar yet still well below the unofficial black market exchange rate.
By doing so, it may have set off a chain reaction among the secondary sovereigns in the world, those who have so far stayed away from the “big boys” currency wars, or those waged by the Big 6 “developed world” central banks, in an attempt to also “devalue their way to prosperity” and boost their economies by encouraging exports even as the local population sees a major drop in its purchasing power and living standards.
So in the game, where the last player to crush their currency inevitably loses, the question is who is next.
The answer may well be America’s latest best north African friend, and custodian of the Suez Canal: Egypt.
The FEMA-Camp Bill is Back!
It looks as if Representative Alcee Hastings a Democrat from Florida has decided to reintroduce his FEMA Camp bill.
The latest iteration of this bill has been introduced as House Resolution 390 otherwise known as the National Emergency Centers Establishment Act.
This bill would authorize not fewer than 6 military installations as sites for the establishment of national emergency centers to be run by FEMA under the command of the Secretary of Homeland Security.
The U.S. Government Is Preparing For War Against The American People
Christopher Dorner Is First Drone Target on US Soil
DHS Watchdog OKs ‘Suspicionless’ Seizure of Electronic Devices Along Border
JUST-IN: Credible Chinese MSM Source reports Troop Mobilization – Prepping for Japan War – Troops Active For Several Days In Fujian And Zhejiang – Hostilities Between China And Japan May Be About To Take A Major Turn For The Worse!!