Down goes the Dow

Forward PE is a Wall Street convenience to support the bullish narrative. Means little more than manipulation. Sorry.

agip wrote:

I can't even put into words how happy this TSLA short squeeze is making me.

Elon Musk is one of my heroes, so glad to see him having a moment here. And his rockets are working real well.

And I love little more than a good short squeeze. Just watching it is amazing.

Up another 6% today.

It'll end with TSLA issusing a Saturn 5 size load of new shares, to fund operations for another five years, but until that happens, oh man this is fun.

I have no tsla shares, other than through index funds.

Another financially upside down company; no worries.

Racket wrote:

Igy - stocks only go up

agip - what's this I hear about you giving away your wealth to someone else? I'm flattered that you've no doubt preemptively chosen me as a recipient and I pledge to spend no more than half of it on frivolous sh!t I don't need

ok but not one penny can go to any Nike product with a "%" in its name.

Up another 0.5% today, still going strong.

TSLA, I bought some shares from the options proceeds, when I wrote on here that I thought it was still a buy. Sold them all today for a large gain. If TSLA price ever craters, I will buy a boatload. Don’t have a target price in mind and no order placed, I will know it when I see it.

What I missed out on was shorting BOIL, which the guy did who was asking me what I thought about oil. He just made a killing. Good for him, I wasn’t confident enough because his reasoning seemed fragmented to me. Will be watching what he does with oil in the future.

Everything old is new again. People way back used to buy shares for the dividends, and bequeath them upon death, or set up a trust to hold them, because they never had any intention to sell, and didn’t want their inheritors to be able to, either. Wealth preservation vehicle. In some cases it works. Let’s not forget that step-up basis.

Ghost of Igloi wrote:

Forward PE is a Wall Street convenience to support the bullish narrative. Means little more than manipulation. Sorry.

No worries. My point holds true for the current value also.

Not true, but keep your fiction going, it’s a good story.

Maserati wrote:TSLA, I bought some shares from the options proceeds, when I wrote on here that I thought it was still a buy. Sold them all today for a large gain. If TSLA price ever craters, I will buy a boatload. Don’t have a target price in mind and no order placed, I will know it when I see it.

$570 in early trading, up another 4% at the start of the day, what a crazy world we live in!

I dabbled with TSLA in 2018 but abandoned it out of frustration. I jumped on the speeding train earlier this year at $405 and sold at $490, then bought in again at $525. I *should* sell it again and leave well enough alone, but it's a very small stake I can afford to lose, and I'm I', just darn curious to see what might happen.

Forward-looking expectations on Wall St have always been a key piece in the gamesmanship played among the key entities, as well as a sales device. “What are those guys doing, and why? They must know something.”

Turns out that in the modern era it has been revealed that they know nothing more than anybody else about aggregate markets. The fact that their pronouncements drove things in the past is now seen as having been an observer-created reality. They carry far less weight today.

Ghost of Igloi wrote:

Not true, but keep your fiction going, it’s a good story.

No, it’s true. I know it doesn’t fit your narrative, but when have you ever been right?

Know what? Hold it, for 10 years. I should have kept it. Like I said I will buy a boatload if it craters.

I always leave profits on the table, which is why I never get caught in a selloff. YMMV, you could do much better than me in a bull market if you are less nervous.

Hey mas two cnbc guests just said what you have been saying about the price of equities, that there is nowhere else to go, and comparing it to high-priced manhattan real estate. You’re a lawyer, you should sue!

Lol lurker it doesn’t work like that.

Besides, I don’t think that either my point, or the way I expressed it, are particularly insightful, and they are certainly not novel. There is great resistance to their acceptance from those who have not been exposed to markets like Manhattan or Van RE. This type of thing has been going on in Europe for quite some time.

Like RE, there is still something underpinning the market. It is the value perception that changes. Glamour stocks like AAPL are the first to ratchet to the new higher level: then, like Monaco RE, they are in shorter supply and become a bit staid, and new cities come on line, and rise.

These are early days. Early risers could rise into the future, until they settle at a price high enough where trading volume decreases, and the money finds more attractive opportunities. With etf’s gaining control this mechanism is communicated to many stocks in a sector, or in a market—it’s as if when idiot buys a condo in Van, he also has to spend money on one in Toronto, Winnipeg, Swift Current, etc.

So we see a sector rising, like “tech”...or an index, like the S&P. It’s decision time, how best to play this new environment. So far for me personally my active trades are outpacing passive vehicles, but I could see that not being true over the next 10-year period, especially as the full globalist-fascist paradigm takes over as corporate voting power becomes increasingly concentrated in etf’s and institutions, and becomes increasingly used.

The best thing to do in the next period might just be to pick your baskets of choice, and dump in money as soon as you get it, and do nothing else.

Markets other than the US will ne much more risky until they completely fall in line with what the US has done and is doing, and they know it—the problemnis foreign populations. The unique thing about the US has always been that everybody has wanted to elevate themselves to “the top”. Believe it or not, in many other places, the zeitgeist has instead been to drag down those who are elevated. There is still much of this sentiment even in highly-developed societies and economies like France. Some French can’t stand it, and yearn for another way of being, , and still desperately want to come to the US. Many, in fact, including most of the young. And not knly France, but everywhere else in the world people get tired of just wanting to bring others down.

So inasmuch as markets’ regulatory frameworks reflect those sentiments, they will not adopt US mechanisms, nor will they fully link to the US. Also the US resists linking by some places, for political reasons—eg China, at the moment.

Good geographies? US, Can, Schweiz, Singapore, JPN, GBR maybe, Saudi, Israel, etc.

Just musing.

Tesla is up 20% in a week.

Oh it burns, it burns.

Many hedgie PMs are thinking about some other career right now.

How would you like to have a miserable 2019, betting against markets all the way and being dead wrong...then finally getting through 2019, wiping the slate clean, getting a fresh start...and then in January your big short idea goes up 42% in the first three weeks of the year.

Your record is already terrible and the clients will not be pleased.

You are supposed to be too smart to be caught in obvious short squeeze situations but oh you walked right into it, you did.

Five out of eight indexes on our world watch list posted gains through January 21, 2020. The top performer is our own S&P 500 with a gain of 1.93%. Germany's DAXK is in second with a gain of 1.27% and in third is Tokyo's Nikkei 225 with a gain of 0.88%. Coming in last is Hong Kong's Hang Seng with a loss of -1.96%.

https://www.advisorperspectives.com/dshort/updates/2020/01/22/world-markets-update?bt_ee=vPsj1yrFttsd15Dy3jdNKNMz%2FgspGaa%2FGnwEgwvSeKvhxNnCqQtJj0c4NCLfxUdD&bt_ts=1579699473224

Racket wrote:

Big Dog Investments wrote:

Bought UBER yesterday. Fully invested at the moment. Don’t hate me.

Hopefully this is just a troll post, otherwise : yikes.

Currently up about 6%.

KeIIy wrote:

Ghost of Igloi wrote:

Not true, but keep your fiction going, it’s a good story.

No, it’s true. I know it doesn’t fit your narrative, but when have you ever been right?

“Hypervalued extremes create a glorious past, but a dismal future. I know you don't care. This is to teach your kids.”

—John Hussman

Ghost of Igloi wrote:

KeIIy wrote:

No, it’s true. I know it doesn’t fit your narrative, but when have you ever been right?

https://mobile.twitter.com/hussmanjp/status/1220041314118533125

Speaking of never been right... Thanks for the stamp of approval.