Janis

Gona leave you guys with two charts. I am just trying to stay on the left side of the curve. Already buying a little, but I think 40k is likely. This is were we bid bigtime

LAWMAKERS TO INTRODUCE BIPARTISAN BILL BANNING SPORTS BETS ON PREDICTION MARKETS SUCH AS POLYMARKET AND KALSHI: WSJ

The entire economy is becoming a derivative of itself And we will continue to see this in other industries as a byproduct of prediction markets esp The reason is pure PSYCHOLOGY Capital always goes where liquidity is. If you can get leverage and tighter spreads in the derivative, why trade the underlying? Price discovery moves UP the stack, then infrastructure follows. The underlying loses relevance HOWEVER derivatives still settle against the underlying, options expire into stock, futures settle against spot. This is all real except it now has a fraction of the liquidity it used to normally this is fine, until some big event occurs (and it will happen again) Ex: 2008 CDS notional exceeded actual bond issuance, march 2020 when treasury market ‘broke,’ GME, etc… This fragility is invisible to 99% of people until you need the underlying liquidity to show up and it’s not there Really is a delicate game of playing ‘reality’ as the masses see it and then getting out when you’ve ran your luck and the true ‘reality’ emerges In reality, there are infinities realities and most people box themselves into one! Understand what constraints they have boxed themselves in and arb it while you can then GTFO We’re approaching that point