I see a lot of V-tards out there conjuring up reason why markets DESERVE to trade even higher, whilst the global economy is shut the fuck down. Understand that these bear market rallies are the essential vitamins to keep plebs going until their heads are to be removed from their bodies.
Most consumer sensitive names, as shown from a basket I’ve made in Exodus below, enjoyed 50% returns the past week. If you missed out on the run, I understand — because of the news flow. But that’s no excuse and you have no business managing your own money.
Find solace in knowing there are people, such as myself, out there who’ve dedicate themselves to a life of wanton generosity — helping the unwashed masses escape dystopian lifestyles and their housing tenements to perhaps one day own a townhouse outside the city limits, across the street from a lightly running railroad.
There is no reason or rationale for markets to head back to RECORD HIGHS, other than massive mental ailments infecting investor psyche to the point of irreversible degeneracy, the sort of perversion that breaks with decorum and walks around the living room with tits and cocks hanging out.
I know for a fact the rout isn’t over and I know there will be stark days ahead. I am prepared for such an eventuality, but careful not to allow my opinions get in the way of a good trade. This much you do know. I am better than you in almost every regard and have a natural talent to dive into the market pool and come out with a net filled with fish. I have never intended to teach any of you how to trade. Why, that would be ridiculous, just like you would never dare to teach me how to become an alcoholic. But if you’re able to sit quietly and eat fish, I’d be more than willing to STUFF YOUR FUCKING GULLETS with delicacies from the sea.
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Very agreeable assessment of the current market conditions. I’m definitely in for some naked puts if the markets push a few more percents higher next week.
Speaking of delicacies from the sea, I had the best abalone sashimi in Fukui last Christmas and will go back if COVID ends on time.
For the time being, the weather in Dixieland is perfect for a clambake.
How would you describe the West Coast of Japan?
An under the radar paradise.
If you can speak Japanese
Yes, and yes.
It would have been a much more difficult experience if I wasn’t with a nephew and his girlfriend from Nagoya, whose “translation service” was crucial. (Maybe a good phone app can somewhat alleviate the communication barrier.)
The ski resorts are heavenly pretty. The hot springs are way less crowded than those in/near the big cities. The people are typically polite and reserved–yet non-judgmental (which is also a typically Japanese trait). The locals genuinely like foreign visitors and treat us like esteemed guests. So I highly recommend it as a vacation option for fun and relaxation.
Not sure if you have ever been there in the smaller towns during the early spring. The local spring fertility festivals are something to behold.
Seeing the local maidens get carried sitting astride the ol’ traditional 12 foot fluorescent orange cock by the burly local lads.
Last Christmas was my first visit. I will get to check those festivals out eventually. (I can see myself living in Singapore plus Australia plus Japan most of the year in another decade.)
Is that why it’s called the pelican room?
The coming week will see a blow-back against the shut downs that we’re seeing in many/most states. In my retarded state, the lock down has been extended to 5/15 …yet still no requirement to wear a mask …no request for the extremely clueless breeders to NOT bring their innocent spawn to the grocery store with them.
Why will there be a blow back? …Because, having retrace the required min 1/2 of the initial virus plunge, people are now free, over the long weekend, to feel to the buzz of the masses …of friends and relations who are starting to realize that they appear to be fucked by the government’s response to the virus.
Bumps in the stock market will be papered over with stimulus upon stimulus. Rational markets are something that will be taught about in history class. We are in full Weimar Republic mode.
US passed half a million cases. What a mess. I don’t see how flattening the curve to a containable level is a viable strategy within a reasonable timeframe. I think they’ll have to start loosening restrictions based on region, but that won’t be very effective unless they put a halt to domestic travel.
Three thoughts come to mind:
1. Around here I notice wide variation in behavior. Some appear to not have a care. It’s an individual thing, although the virus acts without regard to someone’s feelings toward it.
2. Family member in rural area says he is not worried at all, and does not see this as a big deal. He gets his news and information from Fox and several conservative, right-wing message boards and web sites. Mirror image of liberal, leftist news and image sources, I might add. Ah yes, the divided, tribal USA…. Just an observation.
3. Some take the logical and mathematical view… who cares if one or two percent of the US population dies? Why wreck the economy for this?
I am in the hunker down isolation mode. Planning two masked trips to grocery store in off peak hours in the next two weeks. Stay safe everybody.
Yes when you think statistically it’s not even one person in my entire former HS catching it and dying…not sure what to think.
Btw Have had tremendous luck at the grocery stores during rain downpours. One time just walked right in. 4th in line the other day. Usually 30-40 people lined up outside the store and it moves slow. Look at accuweather and plan a grocery run and as soon as you hear the first thunderclap, grab the sanitizer, put your mask on and into the car! Just drive carefully. Be well!
meant to say news and information sources, not image sources
Take care, I hope to survive and see all the familiar names posting in here later this year.
The Fly likes two things.
Penis. Hard, purple penis.
Cream flavored cocksicle.
The mask you’re wearing helps you. But more importantly, it keeps any virus you’re unknowingly spreading more local to you.
If everyone would wear a mask all day when supplying essential services ..or shopping for essentials at the store …the amount of virus out and about would die down over a week or two and these heavy-handed total shut downs could end. We could then let all businesses open to those willing to continue to wear a face covering until testing/treatment capabilities are better informed and beefed up.
We are trading at the same level we were at 10 months ago. Most of the world is shut down and will be for another 2 weeks to a month; maybe longer. Whole industries are laid waste. The fact this market is trading at these valuations shows just how broken this system is. Investors/traders have to GUESS where, when and how much the central banks are going to deploy their monopoly money. Insiders will reap magnificent fortunes.
I upvoted you, isn’t finance highest on our totem pole, that industry is still open, albeit working from home.
You seem to ignore the present value of earnings more than a year out. Most investors time horizon extends over decades. Think pension funds and other institutions. Any equity funds I’m buying today are for my infant child when he’s older than I am now. This virus has negligible impact on their value in 40 years.
This current, and subsequent unprecedented policy will most certainly alter the status quo.
It’s always different this time.
40 years from now most of these companies won’t even exist. Companies are born, grow and die. Look at TUP. It used to be a household name. It was $95 in 2014. Now it trades for $2.30; up 54% from the previous day.
I hold that markets shouldn’t outgrow GDP for long periods of time.
This market is a big bubble they won’t let deflate.
Expect large caps to get massive stimulus from central banks soon, distorting markets even more.
Equity funds can hold hundreds of companies. The ones that die progressively become less impactful on these funds. That may be a worry for stock pickers but not for allocators.