If you fucked up and find yourself wishing for a miracle, your pink levels are 1,000% and you need to clean slate. Often times at market tops people get stuck with the most speculative stocks because risk was rewarding then and the highest returns were found in the very worst companies. During declines those stocks lead the way lower and the trap is believing those shit stocks will bounce the hardest.
That’s not the way this works.
Those stocks are finished for good, or at least for a while. The stocks to bounce first are ones of the highest quality, names like SHOP, SE, SQ, TTD, SAAS stocks, NTLA. Yes I’m talking my book because I know what should rally during an oversold bounce. I know because I’ve been doing this so fucking long it is ingrained in my DNA.
If we reverse lower today and this small bounce given up, you would expect some truly horrible price action to follow. Don’t spend all your cash and if you’re selling short, consider it a hedge against longs. Net shorting into a hole often leads to men jumping off buildings.
My position is 50% cash, the rest long in quality names. The cash will be used to average down or in or even up into the stocks mentioned above.
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Amazon’s internal documents show the company rates their stores using a “diversity index,”
They don’t give 2 shits about diversity you WOKE rubes.
It’s all about the threat of unionization. lower diversity = higher chance of unionization
WOKE = DIVIDE & CONQUER!
“Oil leaps on big crude build” is not the kind of thing you want to see if you’re betting on deflation. Ouch.
At least lumber looks like it’s finally rolling back over. I have a two year delayed construction project I’d like to restart sometime this decade.
I’ve got a house to build, I’d like to not give them one of the kids…well, there’s this one…
Lol always that one kid…
Also good luck on the house and my sympathies. Can’t think of a worse time to build.