Markets closed near session lows, DOWN 155 NASDAQ — deservedly so.
Pray tell me, aside from your holdings — why should stocks go up? Why can’t they go lower — much much lower?
See, I am of the belief that the economy is SLOWING, as evidenced by massive job cuts at Amazon and CRM. I am also of the belief that this time, apparently so, the Fed isn’t coming to save you.
With that in mind and all other things, you know it and I know it — we are STEAMING towards perdition and nothing can stop this train from derailing and crashing into the ravine.
I traded +26bps today, Quant +44bps — because I am a professional.
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Thanks Clint. Howabout Citidel? The hope is small cap public companies in my case.
Some pretty shrewd players have predicted that there will be a positive real interest rate by year’s end. Astounding if this comes to fruition. In such an environment Buffet’s Value Investing strategy would return with a vengeance along with Mom and Pop, brick and mortar businesses.
Forward CPI the real rate is already positive.
The question I have is this: will the short end yields come down or the long end go up?
The Joe Biden Boom continues! 3.5% unemployment, drop in inflation,
job openings galore! Does this piss you off, Fly, along with the continued
PLUNGE in TSLA?
Go Joe Braden!