Admittedly, I have to reduce my IQ by 100 points each time I decide to buy a movie theatre stock or anything consumer facing. The intellectual heft is indeed on the side of the bears, or at least the people who are reticent to buy here. I do not understand how anyone can justify adding to long term position now, which is why my retirement account is still in cash. Granted, I sold at the wrong time, now with the benefit of hindsight. But I’d do it again — because this shit is crooked and wicked and of course WRONG.
In a just world, stocks would crash in half, get Thanos’d, and get cooked in an oven. Instead, we are left with this Frankenstonian mockery of a market, totally dependent and totally reliant upon central banks to prop us up. It’s a bastardized form of capitalism that caters to the compliant and the institutionalized favorites.
As of right now, bank shorts look great. CRE shorts too. But by 3:30pm, after another buy program, I bet they’ll look dreadful. Or maybe we’ll close poorly and then BOUNCE hard tomorrow based off some meaningless vaccine news. The point I am struggling with and conveying to you is I sense I am on the wrong side of history betting for higher prices but do so out of necessity and compliance.
Rebels die penniless and without land.
Small caps are getting smoked, as well as anything consumer facing. We are talking about 4% losses today, not the FANG bullshit. As for me, I sold two losers — UAA (-8.7%) and CC (-4.6%) and have 40% cash — nothing too exciting happening as of right now. My positions, all things considered, are doing ok.
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as you have said, Boss — with Fed crack-cocaine, the market is looking over the valley of death into the lands of milks and honeys
Should the Fed remove said crack, the valley of death will exact its toll
I lucked out on AMC. I never would’ve guessed that outcome.
Not sure what the interest is there.
Whole Foods I understood: they liked the demographic base of their customers, and inforamtion is the most imporatn currency.
What info does AMC hold that AMZN values? Or do they actaulyl just want to get in the movie theater business?
I can only figure that they could screen their own movies and shows, and make the viewing of their content a more collective experience. If you had a hit show like “Game of Thrones,” and you could screen it at the same time it’s aired, there might be an audience for that.
Highly speculative. Might just all be BS.
Gambled on 5.50 puts for Friday earlier since my broker can’t find shares to short. The day fade looks strong with this one.
Bought some oils that I completely sold out of last week for hefty gains.
Bought them through etfs (XES,XOP,VDE).
Not all in yet.
Seeing the same setup I saw 4-5 weeks ago when the oil equities got trashed but price started improving even as price of crude went down.
This happened again this AM so we shall see.
And kudos to whom it was that bought RIG at the bottom weeks ago. I thought it was heading to Chapt.11 but it looks like a bullish setup now (at least to me).
Did the same last wk, only holding BP in energy, most of my money is in BA,RTX and airlines.
GLT.
Oil stocsk were gettign trashed up until Trump’s tweet adn the FED’d’s corporate bond buyout. Sicne then, oil stocks have gone up compeltely unconencted to to oil prices.
Now that both oil stocks and oil prices are going down on a ***bullish*** news: surprsie Saudi output cut.
https://www.bloomberg.com/news/articles/2020-05-11/saudi-arabia-deepens-oil-output-cuts-in-effort-to-prop-up-market
You never know where that electricity(money) will strike next!
TMF back to recent lows. Volatility cuts both ways unfortunately.
That’s true.
Anybody with NUGT in their long term buy-and-hold accoutn shoudl know that. Down 68% from Feb highs.
Look at a 10-yr chart of NUGT as an example of an investement that shouldn’t be in anybody’s long-term holdign account – ever. Its for suckers, and there are much better choices for Gold bulls.
We can agree on that. It’s crazy looking at the historic prices on the leveraged ETFs after reverse splits. Definitely something not to set and forget.
The MotherFucking best ETF is an exception
It’s… intersting… the way you morphed from a buy-and-hold- stocks-and-10yr, and now lately you are in short-term trading vehciles and talking about “following you algos,” Bro.
Sorry I was mocking a fellow commenter referring to my algos. The only active thing I’ve done with any real impact was go from 70/30 portfolio to 60/40 on April 16th with a big move in my 401k. No bueno so far. I wanted to be a little more conservative while we are in the worst quadrant of expected returns:
https://mebfaber.com/2013/09/18/keeping-it-simple-trend-and-valuation/
I didn’t want to make the move after simply breaching the average but my mid April thought it looked like a good spot to take a little off the table.
I will pat myself on the back for a major tax loss harvest out of broad large cap US and into QQQ on 3/30.
Any activity I have in these other random ETFs or options are basically the equivalent of paper trading.
There will never be a problem being long ever again. BTFO-I
102 new 52 week highs on the Nasdaq today. Highest since Feb 20 I believe.
SMH
CHina shcooling Trump on the Art of the Deal. Last time, all they had to commit to was to buy food i nreturn for dropping tariffs .
Now that they know Trump is even more desperate:
“‘A Tsunami Of Anger’: Chinese Officials Call For Renegotiation Of ‘Phase One’ Trade Deal”
https://www.zerohedge.com/economics/tsunami-anger-chinese-officials-call-renegotiation-phase-one-trade-deal
Just throw out another tsunami of money. And done.
OK, now I get it! Stawks are a recession hedge!
We should have seen that sooner.
LOL, but i think it is more true than you eralize. People at home, with nothing better to do now than trade their $1200 in the market with $0 commissions.
Has the volume and volatility increase from those $0 commissions been measured? I always question the timing of them doing that and our current situation.