SAAS stocks are off by more than 2.5% now — with outsized losses in ZS, AYX, TWLO, and OKTA. Normally, not a big deal; however, the broader indices are masking this pain and people might easily get lured into trades amidst hair razing declines.
My Bubble Basket is down 1.2% and bonds are strong.
It appears, and pardon me for saying this — we might trade lower today. I know — it hurts and it’s never fun — but it’s gonna happen.
Typically I’d dive headlong into a sundry of inverse ETFs and end up donating that money to the underprivileged children of Direxion — but today I’m opting against that strategem in favor of sandwiches. Maybe I’ll raise some more cash too. But what I won’t do — is buy TVIX or TZA.
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Is it just me, or does a PE of 25 seem a little high for a company with good profits but virtually no income growth (PG)?
FB +2% and some of the Dow stocks doing well.
title of next post: “I bought TVIX and TZA” with some kind of humorous and witty picture.
May do a day trade. Don’t know if I want to watch the tape all day tho.
Make up your face, Fly.
Trump wants to nominate another wingnut to the Fed board, Herman Cain.
Fucking idiot.
He only hires the worst people so he doesn’t have to retire his famous line — “You’re fucking fired!”
In the company of wingnuts Pompeo, Bolton, Haley, etc. …Cain, the black son of a cleaning woman ..who rose up and studied mathematics in college instead of victim studies. A man who worked as a ballistics analyst for the Defense Dept. Is probably the least wingnutish of any Trump nominee.
I don’t see a gold-standard guy effectively running a fiat central bank.
Trump would be seeking to hire someone who is compliant, not a gold standard guy. I’m not arguing that Cain wouldn’t be compliant …only that he is less nutty than most of Trumps neocon nutjobs. Candidates like the standards, president like standards only on the next guy’s watch.
Yeah, but a gold standard guy taking orders from an idiot is even less re-assuring.
…and a man who was a director of the Federal Reserve Bank of Kansas City.
Moore is just a political hack with a disproven theory (“trickle-down”).
Little topping pattern in /nq here.
GDX threatening to break little down trend …even while PMs are down and major indexes retracing.