Yet someone started betting on it in the afternoon…

Why isn’t there a @HyperliquidX heating oil market….. 🛢️

Häagen-Dazs isn't Danish. It isn't a word in Danish or any other language. Two Polish immigrants, Reuben and Rose Mattus, started the company in the Bronx in 1960, and he sat at his kitchen table saying nonsense syllables until one of them sounded European. He added an umlaut, which Danish doesn't use, and put a map of Denmark on the early cartons. Pillsbury bought it in 1983 and in the US it's owned by Nestle's ice cream joint venture now. The part I like is that when a competitor launched Frusen Glädjé with the same fake Scandinavian look, Häagen-Dazs sued them for copying its Scandinavian marketing theme. The court said you can't trademark pretending to be from Scandinavia. Both companies were from New York.

LONDON, Sept 13 (Reuters) - Saudi Arabia will run out of oil stocks for exports ‌if it doesn't restart its major pipeline to the Red Sea within days, leading to a loss of up to 4% of global supply, Saudi oil buyers and traders said.

Something I’ve noticed over the years. The longer someone has actually been around markets, whether traders, fund managers, pre-Dodd prop guys and brokers, and especially old floor guys, the less seriously they tend to take themselves. They bust balls. They can take a joke. Disagreement isn’t some deeply personal event. I think a lot of it comes from the environment they came up in. Old brokerage and trading floors, and pits especially from what I gather, selected for a very specific personality. Loud, competitive, physical, status-driven, and relentlessly insulting. You got a nickname whether you wanted one or not, probably not a flattering one. Someone could be screaming in your face and then having a drink with you after the close. There wasn’t much room for being precious. Markets themselves reinforce the same thing. Spend enough years being wrong, losing money, getting humbled, and watching incredibly smart people be completely full of shit, and eventually you stop treating every opinion like an extension of your identity. Obviously there are exceptions, and I’m sure the old floors produced plenty of thin-skinned assholes too. There’s some survivorship bias in who is still around. But I still notice the difference. Some of the funniest and easiest people to talk markets with are guys who have been doing this for 20-30 years. Short, sarcastic, allergic to pretension, and usually more interested in who has size and what price is doing than dressing everything up in theory. Then you get on modern Fintwit and disagreement can somehow turn into a moral event. The new generation can talk but that is about it. There is a smell of weakness still. Idk, maybe that has less to do with trading than I think, though. Maybe markets are just a small sample of what happened to society in general. We communicate more than ever, mostly from behind screens, while somehow becoming worse at handling the friction that comes with actually communicating with other people. Either way, I think being able to laugh at yourself, take some shit, give some back, disagree with someone and still like them is a pretty healthy trait. In markets and everywhere else. Anyway, happy Saturday, hope it’s a good one.