The irony of Putin first to market with a COVI-19 vaccine is rich with humor. Over the past few hours, just about every medical expert on the west trashed it — sounding more like VAXXERS than people who want to actually see a vaccine for COVID-19 come to fruition. The level of butt-hurt, seeing the evil Russians invent one first, is on a monumental scale.
But because of this, in spite of the fact that ZERO people will take it, stocks are steaming ahead. It wasn’t like that earlier, with the Nasdaq lower by more than 100. Since then, that ugliness has been erased and now everything is up. The theme is normalization, with airlines, cruise ships, credit card companies and the likes roaring ahead.
More interesting is the SPIKE in rates — the 10yr up to 0.65% and there utter COLLAPSE in silver — off by 10%. Gone are the days of risk off. We are now pricing in +10% GDP and FULL employment.
Restaurant stocks are gapping higher and just about anything consumer facing. Nothing can stop the optimism, unless of course you look at the grim stats and come to realize that many of the 55 million Americans will be PERMANENTLY unemployed.
We’ve adapted to the personless COVID-19 world quite well, automating just about everything. We do not need employees, but more robots.
My trading has been light, but flawless today.
DUST +11.5%
TPR +3.5%
RGS +3.5%
SHAK +2.5%
RVLV +1.4%
I’m now 75% cash, waiting for the lull of the afternoon to pass, in order to execute a few more transactions in the hopes those trades will pay for my country club initiation fees for my new tennis obsession. I will have you know, I am progressing quite well and all of the mechanics are coming into place. I will be a tennis pro inside 6 months.
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…also, if there’s an effective vaccine, one excuse for stimulus on overdrive goes away.
Le Fly, how is the tennis coming along? Here are a few tips for avoiding unforced errors and improving technique. Don’t change the ball angle on the return; don’t hit the ball too hard; when serving, hit the ball as it’s falling; and add lots of topspin, giving gravity a helping hand to curve the ball downwards. It was topspin, of course, that Newton had admired. In short, tennis players should obey the laws of the universe. Simple, really.
That is Isaac Newton, who loved to watch tennis. His three laws of motion make a good synopsis of a game of tennis: 1, an object in a state of uniform motion will remain in that motion unless it encounters an external force; 2, force equals mass times acceleration; and 3, for every action there is an equal and opposite reaction (unless the ball goes out)
I would keep it simple for Fly.
Just smash it between the white lines and you will be good.
…trades will pay for my country club initiation fees….
As Groucho Marx said (substitute “Fly” for “me”): “I don’t want to belong to any club that would accept me as one of its members.”
Racket should be strung tightly but not as tightly as you think it should. Looser strings (not too loose, though) conserve more of the energy fed to them by the ball, deform themselves more and deform the ball less. For the same reasons, better elasticity and a little roughness, gut strings are better than synthetic ones. On the other hand, stiff frames, which vibrate less, play better than the flexible kind. As for sweet spots, where the player barely feels the impact of the ball, there are in fact three per racket, very close together. A wider head makes the sweet area more central, allows more room for topspin and reduces the risk that a miss hit will make the racket twist in your hand. Now give a sure-thing fucking stock tip.
You should try playing tennis someday. I think you’d like it.
Erikbakerbruce has become a tennis expert by playing Pong for years. Less stress on the knees.
i ponged my nuts right in your wife’s face.
Fear of cure. Sell everything.
Thank you for this poetic insight. I think this is one of your top ten all time posts, Mr Fly. As the animals and gladiators stream in to the coliseum, the games are about to begin. (Tomorrow probably, maybe even premkt.)
SLV calls NOW? Or will we follow thru with Dollar up gold down Fly sold too bold?
I’m the last holdout looking for free advice and picks. Been here since the blogspot days. Come on, throw me a bone. 2 1/2″
Wild day for $SHAK!
Moar robots! elect an algo for President