I ended up buying some TNA, ZI, and YMM in spite of not wanting too. I was scared, but now feel brave with the winds behind the market’s sales. This is tragic comedy at all times, people are winning and losing — egos boosted and shattered. We are all in this for the same reason and often go off-track when the risk is too great and we cannot afford losses or because we permit our egos to interfere with the market trends.
The trends have been inexorably lower. After this two day run, people will start to think that is changed and perhaps fish for beaten down stocks, until the next leg drops. How long until the next leg drops? That is anyone’s guess but I will remind you that Russia is still on the move, oil prices are high, and rates are high, as well as inflation.
How did Stocklabs do with this recent downturn?
Some hit some didn’t. The trade officially ends tomorrow and if I end up losing money on my TNA position — that’s ok. I acknowledge the recent downturn as being somewhat unique and the plagues of the current decline are more or less unstoppable. That being said, what goes down the most also goes up the most on bounces.
A collection of the hardest hit stocks of 2022
I’m up +130bps for the session and I should be up a lot more. Day is young.
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Oh man I hope that is some foreboding. If the S&P 500 trades back to the 2009 lows… I will never work for another human being as long as I live.
Big short position ?
I wouldn’t say so, no.
It’s more just how exponentially recursive operations behave.
Just under 700.
It’s probably true value if you strip out 0 rates and all the intervention by the Fed and government.
Personally, I’d like to see a reset like that as well happening just to bring back integrity and to give participants actual confidence.
LOL. People say the stupidest shit here.
10 year rises to 8%, then stocks earnings maintain 2% spread and a 40% decline in general profits from the recession that inevitably sets off.
Do those and you’re probably back to 950 on the S&P 500.
It’s not likely though. Much more likely deflation returns before that. No real point guessing though, just watch cpi.
What’s the cartoon vendor? I need to make one for another endeavor. They used to show it at the end.
I have thrown some cash into a burning barrel of trash in the past but I found it rather unsatisfying.