“We're not in Oracle. Oracle bonds that have been issued are trading at a 10% discount to their issue price, and that was only four weeks ago. The cost of insuring bonds is the highest level since the JFC.”
No settled horizons yet — outcomes appear at 30/90/365 days.
Risk: max drawdown 8.6%
· volatility 71.5% ann.
· Sharpe-proxy -1.16