Like a man, I looked at my computer screen and acquiesced to the fact that I was wrong. I sold out of my position and went to cash. Also, with a little bit of said cash, bought another tanker and SHORTED THE FUCKING BANKS.
The results
APT +4.5%
(LOPE -7.3%)
(OXY -6.9%)
(FAS -8%)
(YINN -3.8%)
(MAR -8%)
(AYX -2.2%)
(MDB -0.7%)
(XPO -3.2%)
CRM – wash
SE +0.8%
FB +0.34%
NFLX +2%
TSLA +1.4%
NOT FLATTERING, but if I only showed you the ups, you would have no idea of the tumult it takes to get there. I’m going thru a process here of trying to reconcile an insane market. This is very 2008ish and I am beginning to see outsized movements in CDS that suggest SEVERE credit issues are on there horizon. You can plainly see it in HYG and SRLN now.
I do not have a crystal ball and can only offer you words to help you see through this horseshit. But the issues the global economy is facing now is in fact unprecedented. Don’t just sit there and see your portfolio shrink. If we’re heading into recession, prepare for another 20% lower from here. Of course there will be drops and pops, fantastic rallies. But this sort of shit, up 1,000/down 1,000 is enough to drive me nuts. Most of you simply can’t handle the tick tock.
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I do in fact have a crystal ball. Next week the fed cuts rates and we rocket to nasdaq 30k in 10-15 years. im saying buy old man dividend stocks now for the long run.
Ah, so glad you decided to post here. What else does said ball say?
sauternes and nebbiolo are undervalued. so is raw puerh tea (since you no longer consume the grape).
Will the government shut down the stock markets entirely? Ban short selling? They will do something unwise, it’s coming.
What is up with TLT
MY tell was rates rising whilst market down 700ish. Looked like a trap and it was.
Trump fucked things up by lying about a bailout package. Now congress is going on a break…
Long toilet paper. Local COSTCO .. none. Maybe next we ban high fiber foods?
I FOMO’d myself into a 30 pack just the other day!
Widely advised safe havens don’t exist. Consumer necessities, WMT, KR, CHD, AZO, gold, silver …everything gets hit in a recession, they just take turns. And look at the PEs and debt of some of the formally-conservative safe havens. Yeesh. But treasuries traditionally do well …but we’ve already shot that load.
Where to go for the reset??????????????????????????????????
DGAZ
Who knows?
But I’m adding a little here. Good dashboard:
https://bitcoin.clarkmoody.com/dashboard/
WHO declares pandemic.
I like this market. And I was already nuts.
Long live the internal combustion engine. An oil price war into fading demand is quite damaging also, to the economies. Electric battery can wait for a while now with the potential clientel besides themselves on what to horde.