I love when we get dislocations like this; it makes for good arb. Who’s right, the Dowfags or Nasdaq? We have a situation where the yield curve is widening, causing banks to rise, yet the tech sector is getting fucking wrecked.
Check out my NVDA short? Still talking shit?
Now the billion dollar question is: will high valuation stocks continue to nosedive? I track them in Exodus via a Bubble Basket. Here’s a 3 month chart.
My position is clear: this market is filled with shit, brimming with it. Non-talented losers are claiming to be gurus now, launching hedge funds, doing all sorts of outlandish shit. The signs are everywhere. Don’t even get me started on Bitcoins. The only question is, will it happen now, or later?
I am short oil heavy Russia, via RUSS, short BAC, short NVDA, long UVXY. These are my hedges. The one long that I have that should do ok during a squall is AAL, providing oil truly slides lower.
To sum up today’s trade: banks up, everything else lower, especially tech, copper, and Chinese burritos — anything that is up big YTD.
It’s worth noting, Dr. Copper might’ve been trying to warn us of the dangers lurking beyond the shadows.
Dr.Copper and Dr.10Y seem to be having a gentleman’s disagreement.
Did you know, if VXX drops ~6% in the next 2 days the gains on the 30.50 put options will roughly equal Bitcoins YTD gains.
Please bitcoiners, tell me more about how I am missing a once in a lifetime opportunity.
Exactly. All these idiots act like the bought in at a dollar. On a side note nice call on NVDA fly
A short on NVDA is a good method to short bitcoin, as graphic chips are often used in BC mining hardware. Or pu/call NVDA options if you want more laverage.
Another buying opportunity or the start of something more?
“Non-talented losers are claiming to be gurus now, launching hedge funds, doing all sorts of outlandish shit.”
Yep, you said it.