Cannon sized dick moves today, from down 1000 to up Nasdaq to now down 700. I didn’t do anything because I saw WTI down 5% and not budging and the 10yr still under 1.2%, off by 15bps. Plus it’s a Friday and before lunch and anything can happen. NO THANKS.
I did get a serious bout of FOMO and really wanted to get long — but I walked away.
In other news, we launched The Stocklabs news wire for you good folks, free from charge. Enjoy it with my compliments. We are working furiously, tech located in the middle of Germany — big German men typing hard into the computer to complete the project with the utmost efficiency. You know the Germans always make good stuff (extra Sham-wow).
To recap, no interest in buying here yet and go check out the SL news wire.
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I think saying mostly on the sidelines is a good call. Probably just get chopped up. The only thing keeping US case numbers from going up is that there are no tests and Trump is lying so anything can happen here over the weekend.
Sold out of *all* my Treasury bonds into cash. BTW, when I’ve been saying “sold my bonds”,
I don’t mean 10-yr Treasury bonds, the type that Financial Advisors recommned
I don’t mean direct holdings of 30yr bonds, as I prefer more liquidity
I don’t mean TLT, either.
I mean **TMF,** just I like I told you guys
“The
Mother
Fucking
best ETF for when this insanity ends,”
https://ibankcoin.com/flyblog/2020/01/15/hated-stocks-will-rise/#comment-565419
https://money.cnn.com/quote/chart/chart.html?symb=TMF
Merry Fucking Christmas
On the short side, I still have some CHAD, because the Chinese still haven’t learned waht happens when you try to propr up markets.
On the long side, I’ve been building a position since Tuesday that should pay off in the next week or two.
“Virus turns old socks into gold.”?
That’s not news! Curated news. It’s Twitter feed crap!! F Twitter
Ok boomer
Trading off each headline of Coronavirus. Crazy
All the Jackass Commentators are saying
“Fed should announce a big rate cut soon”.
Utter / total BULLSHIT. Rates are at
ridiculous lows already. Why not get
creative, like “Starting 3/1 the USA
government will put 100% of Social
Security daily receipts into index funds”.
The OASD takes in ~ 900 billion per year.
Just put that into the four biggest indices
where daily purchases of stocks are made
on their market cap weighting.
Then the OASD earns cap gains PLUS
dividends and will grow like a summbich.
And the stock market will SOAR!
That was the basic idea with George Bush’s Social Securirty plan. Wall St was drooling to get a piece of that giant pie.