Ghost of Igloi wrote:
Hipster (ARKK) stocks continue to take a beating:
https://cms.zerohedge.com/s3/files/inline-images/2021-11-23_7-34-09.jpg?itok=ucoytuyW
I've only heard of a handful on that list.
I own a couple of them, and they are both up in all the timeframes referenced.
So maybe I may not be so hip, but worth listening to nonetheless.
But no surprise that commie ZeroHedge sees red everywhere they look.
Hmmm, I pictured you as a limp wristed metrosexual.
seattle prattle wrote:
Ghost of Igloi wrote:
Hipster (ARKK) stocks continue to take a beating:
https://cms.zerohedge.com/s3/files/inline-images/2021-11-23_7-34-09.jpg?itok=ucoytuyWI've only heard of a handful on that list.
I own a couple of them, and they are both up in all the timeframes referenced.
So maybe I may not be so hip, but worth listening to nonetheless.
But no surprise that commie ZeroHedge sees red everywhere they look.
Pretty sure SARK etf was engineered by Putin.
very quietly the VIX has edged up to 21 or so...highest in around 6 weeks.
if I were a betting man I'd buy an inverse etf or some kind of hedge.
I'd suspect to see some locking in of profits among traders, to make sure they don't give away all their profits in the last month of the year.
Ghost of Igloi wrote:
seattle prattle wrote:
I've only heard of a handful on that list.
I own a couple of them, and they are both up in all the timeframes referenced.
So maybe I may not be so hip, but worth listening to nonetheless.
But no surprise that commie ZeroHedge sees red everywhere they look.
Pretty sure SARK etf was engineered by Putin.
No, but you would only hear about it from ZeroIntelligence if it was predominantly in the red. If it isn't red, they don't see it.
Today, SARK and the underperformance of ARKK was featured on bubble vision favorite CNBC.
I believe SARK is a good hedge to overvalued markets. Actively managed ETF ARKK loaded up on story stocks. As enthusiasm for same has waned ARKK experienced fund redemptions, forcing Cathy Wood to sell positions, in a self reinforcing negative cycle. Just an unwinding of the momentum that saw ARKK as a leader up to February 2021. Precursor IMO of what is yet to come in the broader market.
Ghost of Igloi wrote:
Hmmm, I pictured you as a limp wristed metrosexual.
Given your record, it should be no surprise that you were wrong again.
Good thing, I was afraid there would be no future Troll clones.
You clearly don’t understand how cloning works. Again, no surprise.
By some measures this is a broad market. By others it’s been hollowed out.
Difficult.
https://twitter.com/charliebilello/status/1463192381092728841?s=21
agip wrote:
By some measures this is a broad market. By others it’s been hollowed out.
Difficult.
https://twitter.com/charliebilello/status/1463192381092728841?s=21
why wouldn't that be a positive indicator?
Overvalued stocks being right-sized.
Tech and Nasdaaq returning to relatively flat for the day. I'll take it, given how ripe things seem to be for a long-awaited downturn.
seattle prattle wrote:
agip wrote:
By some measures this is a broad market. By others it’s been hollowed out.
Difficult.
https://twitter.com/charliebilello/status/1463192381092728841?s=21why wouldn't that be a positive indicator?
Overvalued stocks being right-sized.
Tech and Nasdaaq returning to relatively flat for the day. I'll take it, given how ripe things seem to be for a long-awaited downturn.
it would be a negative if the majority of tech stocks were falling but, say, the ten largest stocks were not. That would suggest a bubble - where money is flooding in and all buying the same 10 names regardless of fundamentals. Which would mean at some point the market woudl crash because the prices are not sustained by the fundamentals. That something bad is happening in the economy, that we can see happening in the weak stocks, and will eventually hit the big ones.
But sure, might be a good time to start hunting around in stocks down 30+ or more.
agip wrote:
seattle prattle wrote:
why wouldn't that be a positive indicator?
Overvalued stocks being right-sized.
Tech and Nasdaaq returning to relatively flat for the day. I'll take it, given how ripe things seem to be for a long-awaited downturn.
it would be a negative if the majority of tech stocks were falling but, say, the ten largest stocks were not. That would suggest a bubble - where money is flooding in and all buying the same 10 names regardless of fundamentals. Which would mean at some point the market woudl crash because the prices are not sustained by the fundamentals. That something bad is happening in the economy, that we can see happening in the weak stocks, and will eventually hit the big ones.
But sure, might be a good time to start hunting around in stocks down 30+ or more.
Ok, makes sense. I was just responding in line with a few of the hyped stocks i saw in the list, like Palantir, Pintrest, and Roku , that i figured were the pumped stocks, but most of them I don't even recognize.
Palantir was one of my worst bets, I just followed the bandwagon on it. Sad!
are we at the point yet where good economic news kills the market, because investors assume big growth will bring much higher interest rates? Today's jobless claims were strong economically, and it's looking like we'll get c.5% GDP growth for the next half-year or so. Plus, I suppose we now believe that the Fed's independence to raise rates has been locked in with Powell's re-appointment.
So maybe we're there. Let's see how the next few weeks of econ news play out in the stock market.
"New jobless claims fell far more than expected to the lowest level since November 1969 last week, underscoring the present tight labor market conditions as initial unemployment claims near 2019 levels while job openings hold near record highs. "
I remember in the summer of 2000 when the market got shaky, but still close to the then all time high. One big Morgan Stanley broker said “ we’re OK as long as Mary’s stocks hold up.” He was referring to Mary Meeker then dubbed “the Queen of the Internet.”
https://money.cnn.com/magazines/fortune/fortune_archive/2001/05/14/302981/
VS-SJW-IR-TS idiot wrote:
Igy, hot tip:
https://www.cnbc.com/2021/11/24/cathie-wood-says-firm-is-testing-a-more-aggressive-strategy-that-would-be-ark-on-steroids.html
The Russians countered with this disinformation piece, under the direct order of Putin. Oh, and from the staging grounds for the Ukrainian invasion:
https://www.zerohedge.com/markets/dont-look-now-cathie-woods-ark-funds-are-taking-water