This is a casino on crack

Over the past year, we’ve seen crashes: NFTs Meme stocks Crypto stocks tech stocks You’d think that would calm retailers down. Instead, they switched from hard liquor to crack cocaine for very short-term stock options. Here’s a Goldman Sachs chart showing that % of SPX volume in the third and fourth quarters (so far) was in options with expirations of less than 2 hours. SPX Option Volume Today is a quadruple witching that makes me question the price, but there is a bigger picture story here and it will end badly. What happened to investing?

Michael Cooper

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