Down goes the Dow

la gente esta muy loca wrote:

Today's the 3rd anniversary of Volmageddon; a.k.a. Volpocalypse. The day XIV died.

guy on wsb lost about 4 million of his and other people's money that day going long on XIV. He posted the loss porn on it too, u/lilkanna was his name I think. Absolutely legendary. Fun fact, XIV still trades otc as a penny stock basically

wondering wrote:

Ghost of Igloi wrote:

Belichick’s fake boobed girlfriend will finally get a chance to wash his mustard stained sweatshirt.

Morgan Stanley stock is still doing well by the way.

Go Squid!

What is wrong with you?

how much time do you have? need about 100 years minimum

Ghost of Igloi wrote:

Morgan Stanley stock is still doing well by the way.

Too bad you sold when it was essentially worthless.

Gruntz wrote:

Ghost of Igloi wrote:

Morgan Stanley stock is still doing well by the way.

Too bad you sold when it was essentially worthless.

I actually bought 1,000 shares of the common and 1,000 shares of the preferred at under $10 in the fall of 2008. Same time you were huddled in fear kissing your ass goodbye.

Ghost of Igloi wrote:

Gruntz wrote:

Too bad you sold when it was essentially worthless.

I actually bought 1,000 shares of the common and 1,000 shares of the preferred at under $10 in the fall of 2008. Same time you were huddled in fear kissing your ass goodbye.

Of course you did.

?

Dr. Racket wrote:

lol you know how much money is being pumped into the economy right now? 4-6% is a certainty

Before I ask this question, be assured I am being sincere. I am admitting to NOT knowing something here (something I do frequently, but no one seems to remember, so I have been called a know-it-all which I am not):

What/or is pumping money into the economy right now that will guarantee 4-6% growth in 2021? I do not have counter information. I am not challenging you or trying to trap you. I sincerely do not know and would like to.

Flagpole wrote:

Dr. Racket wrote:

lol you know how much money is being pumped into the economy right now? 4-6% is a certainty

Before I ask this question, be assured I am being sincere. I am admitting to NOT knowing something here (something I do frequently, but no one seems to remember, so I have been called a know-it-all which I am not):

What/or is pumping money into the economy right now that will guarantee 4-6% growth in 2021? I do not have counter information. I am not challenging you or trying to trap you. I sincerely do not know and would like to.

The Fed basically committing to infinity QE plus not 1, but (presumably) 2 stimulus packages worth 2 trillion each.

The government has inject liked 10% GDP into the economy at this point. Bank deposits are more flush than they're ever been. As long as we don't get some sort of weird external force like another global pandemic or meteor strike then it's almost mathematically impossible to not hot 4-6% growth. Beyond that in the 8+ range will be pretty tough though.

WRONG! Ah...just kidding. Ok. Honestly, thanks for the info. I have been much more focused on the ousted Orange Menace the last 4 years than economics.

I knew that!

The bridge to a more stable economy, baby!

So, passing out $Trillions is the key to GDP “growth.” We should have done this years ago. Oh, that’s right we have, just in smaller numbers. Funny , it takes more and more funny money to generate less and less “growth” as you call it.

Bitcoin is back, baby.

Fell to less than $30,000 10 days ago.

Now above $40,000.

Here is the GDP number you should be paying attention to.

https://twitter.com/Schuldensuehner/status/1357999476259119110

Even Biden realizes 10 million unemployed is a huge problem. Why else is the Administration pulling out all the stops on relief/stimulus?

Ghost of Igloi wrote:

Here is the GDP number you should be paying attention to.

us/1357999476259119110

Even Biden realizes 10 million unemployed is a huge problem. Why else is the Administration pulling out all the stops on relief/stimulus?

Why? To keep the left wing of the Dem party together.

If Biden got in office and suddenly said 'well akshully we can't increase the deficit too much' he'd immediately have AOC and Bernie on his left flank firing very effective machine guns at him.

'Dems in Disarray' would be the headline instead of 'Biden sends money out to needy Americans.'

Biden needs to keep the Dem party together and much of what he does is to pacify the left wing.

1 month

GME +267%

MJ Stocks (Ticker MJ) +57%

Retail +21%

BTC +17

TSLA +16%

CXSE +11

Small Caps +9

Consumer Discretionary +7

Energy +7

USA +6

Emerging +6

Hussman +6

Tech +6

Value +4

Non-US Dev'pd +1

TIPS +0

Inter Treas -1

Gold -7

Correlations are growing...flocking around the 6% level that the USA hit.

Can see how story stocks are the big money right now. I wonder if there is some kind of short term momentum ETF. That would probably do really well right now.

Great news that tech is not leading this. Shows a wider base of support for the market.

My overweights are working...China, emerging, consumer discretionary (and tiny new MJ position)

3m

GME +456

BTC +157

TSLA +94

Cannabis (MJ) +88

Retail +46

Energy +46

Small Caps +26

Consumer Discretionary +20

China +19

Emerging +17

Non US Devlpd +16

Tech +14

USA +14

Value +14

Hussman +8

TIPS +2

Inter Treas -1

Gold -7

this 3 month period starts with the election.

Looks to me a rally of cyclicals - economically sensitive stocks that will benefit from stimulus and the end of Covid.

Great to see value keeping up.

But the big numbers have been story stocks.

Here's a small Vanguard ETF that chooses names based on momentum.

Just seems to be that when a trend is obvious, it's not stupid to play along. Esp with this titanic amount of cash waiting to be deployed.

It has done well - twice that of the US market as a whole.

I'll probably start a position on Monday.

VFMO

1m +14%

3m +26%

Dr. Racket wrote:

wondering wrote:

What is wrong with you?

how much time do you have? need about 100 years minimum

?

[quote]The Unkle wrote:

Bitcoin is back, baby.

Fell to less than $30,000 10 days ago.

Now above $40,000.[/quote}

and i see the really smaht posters withiti

because the rise israel this time

and you know who i'd talking about. jewish it was you.