Long trip and I’ll need to head back soon. Emotionally taxing and I can honestly say trading was a fantastic distraction, especially when it entails winning so much. I often find my best trades to be done when traveling, probably because I’m not baby-sitting them and I let narratives play out longer.
I see futures are sharply lower and that’s supposed to mean something — because a fucking pandemic is on the loose. I had a guy sitting next to me coughing his brains out and I wanted to tare his head off for doing it.
These are the headlines I’m watching now.
3 Japanese citizens evacuated from Wuhan have coronavirus
China reports over 7,000 cases of Wuhan coronavirus cases, including 170 deaths
Student starts petition to cancel classes at Arizona State University over coronavirus fears
White House announces creation of coronavirus Task Force
Carriers of the Wuhan coronavirus face criminal charges if they knowingly infect others in Hubei
Ikea closes ALL stores in mainland China
Tesla Model 3 production delayed in Shanghai because of coronavirus outbreak
So this is what I’m thinking. Epidemics are very low probability plays. The idea that this flu is going to kill millions is an extremely low probability. However, in the interim, people are fucking panicking. I know the virus stocks look like interesting trading vehicles, but they might be a little to hot to pick up right now, even though they’ve fallen sharply the past two days. They can offer incredible intra-day returns, given the right horrible news and all that — but logically the best play here is resumption of normalcy.
Meaning, buy great stocks that fall on a disruption in their business — due to the virus.
More tomorrow.
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LOL! This fucking guy comes in to work in the cubicle across from me today, he comes and he goes, but today he’s hacking his lungs out, blowing his nose, sniffling. And then he goes and makes chicken noodled soup, slurping it, disgustingly swallowing it down his infected throat. Get the fuck outta here with that.
That’s funny. You work in a cubicle.
Beats a sticky chair in your Mom’s basement
You’re a dick.
You sure are purdy. I bet you can squeal like a pig!
Self-made men don’t mock working for a living. I guess we know where that puts you.
You fucking queers really have no sense of humor. Very thin skinned.
Nice try, that wasn’t an attempt at a joke.
That was just an insecure man belittling someone to try and prop their own ego. Unfortunately, you’re not among your trust-fund buddies and now you’re trying to backpedal.
Not really fuckface, this is the internet. I don’t give a rat’s ass about you and frankly, I find your posts boring. Your a clueless old man (my guess is you’re in your 60’s) who thinks he knows more than he really does. So again, don’t have such thick skin, get a sense of humor….the glass is half full.
Most stupid people do find my posts boring, so I’m not surprised.
For someone that doesn’t care, you sure are gettign emotional about it, snowflake
Waiting for the first case sourced at DisneyLand.
That’s your armageddon kickstarter
https://www.dailymail.co.uk/health/article-7938887/Thailand-admits-unable-stop-spread-Chinas-deadly-coronavirus.html
It could be happening right now and no one will know for two more weeks, that’s the thing about asymptomatic contagion…
LK down 30% from highs off virus news. Overdone?
Might I recommend your favourite SAAS play?
Timing lottory virus stocks is hard, buying Treasuries is easy.
Still not too late for TVIX, no reason why VIX should be 20+ right now. If it’s as bad as I think, then it will hit 30+ (if not should still be above 15).
Hope you guys took some profit on that free 10+% fish I fed you…