Prof. Racket wrote:
First reminder of the year -
Stocks only go up
@Iggy @hussmann
Prof. Racket wrote:
First reminder of the year -
Stocks only go up
@Iggy @hussmann
Can i say something?
What's with all this focus on SARK?
The major indices and everything that matters in any significant way is just on a freakin' tear.
If you want to focus on NFTs, bitcoin, SPACs, whatever as some kind of canary in the coal mine, find, waste your time.
The markets have been moving massively, regardless what's happening off in some dark corners.
... which is my lead-in to note that Apple has just become the world's first $3 trillion company.
seattle prattle wrote:
Can i say something?
What's with all this focus on SARK?
The major indices and everything that matters in any significant way is just on a freakin' tear.
If you want to focus on NFTs, bitcoin, SPACs, whatever as some kind of canary in the coal mine, find, waste your time.
The markets have been moving massively, regardless what's happening off in some dark corners.
I don't even have any idea what SARK is and I follow the market fairly well.
Swaglord__69 wrote:
Prof. Racket wrote:
First reminder of the year -
Stocks only go up
@Iggy @hussmann
@ManheimUsedCarIndex @😷
TSLA will hit 2,000 by 12/31/22 - mark it on your calendars.
Sally Vixxxxxxxxens wrote:
TSLA will hit 2,000 by 12/31/22 - mark it on your calendars.
SARK will hit $60 by 12/31/22 - mark it on your calendars. 😉
Ghost of Igloi wrote:
Sally Vixxxxxxxxens wrote:
TSLA will hit 2,000 by 12/31/22 - mark it on your calendars.
SARK will hit $60 by 12/31/22 - mark it on your calendars. 😉
Gentleman's bet - you are on Igy!
Sally Vixxxxxxxxens wrote:
Ghost of Igloi wrote:
SARK will hit $60 by 12/31/22 - mark it on your calendars. 😉
Gentleman's bet - you are on Igy!
If I lose I will shovel your snow for a week!
seattle prattle wrote:
Can i say something?
What's with all this focus on SARK?
The major indices and everything that matters in any significant way is just on a freakin' tear.
If you want to focus on NFTs, bitcoin, SPACs, whatever as some kind of canary in the coal mine, find, waste your time.
The markets have been moving massively, regardless what's happening off in some dark corners.
A lot of people refuse to believe they might be wrong about something, usually ultimately because of fear.
Instead, they scan the edges of the Earth for small tidbits of validation - anything they can to avoid facing reality. The more fear they have, the harder they'll latch onto it.
And so this is what Igy has done with SARK. He's found one small bear fund that is beating a highly speculative tech fund that no one thought would even work out to begin with, and has latched onto it out of fear and desperation. He has to mention it constantly, because if he doesn't - if people somehow lose focus - then fear starts to set back in.
Iggy never has a solid narrative. I feel like it's all about the narrative.
TSLA is crushing the narrative now: the world is moving quickly towards EV's, moving towards decentralized power with distributed battery networks. The brand is solid, plus it has Musk.
Why would you not want to have part of your portfolio be part of that?
They are on a tear, absolutely.
As I detail my failings on here, I will give you one more: I thought for tax reasons that there would be more selling at the end of 2021 than there was.
So here we go, the first real trading day of 2022, and BAM. Holy smokes. Now IDK what to do , these are not the levels at which I had hoped to buy in. Scheisse! Merde! I will now wait for a more opportune moment to make a US buy.
This feels like that blow-off top. My guess is that there will be only a tiny blip due to taper/rising rates, and that it is already mostly priced-in. Rates, lol—they will be raised from nothing to nothing, and will probably settle back down.
It’s got a rip-roarin’ feeling. It’s going to be smoking. No wonder Pelosi bought those calls. Wish I knew the strike prices etc. Honestly, this feels bitcoin-esque, at this point.
Prof. Racket wrote:
seattle prattle wrote:
Can i say something?
What's with all this focus on SARK?
The major indices and everything that matters in any significant way is just on a freakin' tear.
If you want to focus on NFTs, bitcoin, SPACs, whatever as some kind of canary in the coal mine, find, waste your time.
The markets have been moving massively, regardless what's happening off in some dark corners.
A lot of people refuse to believe they might be wrong about something, usually ultimately because of fear.
Instead, they scan the edges of the Earth for small tidbits of validation - anything they can to avoid facing reality. The more fear they have, the harder they'll latch onto it.
And so this is what Igy has done with SARK. He's found one small bear fund that is beating a highly speculative tech fund that no one thought would even work out to begin with, and has latched onto it out of fear and desperation. He has to mention it constantly, because if he doesn't - if people somehow lose focus - then fear starts to set back in.
Well if SARK is speculative tech (TSLA is the single largest position in ARKK at 7%), then the major indices are essentially five tech stocks. Tesla up 13% in one day; nothing weird about that of course. Then Apple at a $3Trillion market cap. I think it is you that has the fear, and perhaps for good reason. That said, if you get $Trillions more in monetary and fiscal stimulus, you’ll be OK. If not, well not so good.
Sally Vixxxxxxxxens wrote:
Sally Vixxxxxxxxens wrote:
Gentleman's bet - you are on Igy!
If I lose I will shovel your snow for a week!
Your on.
Ghost of Igloi wrote:
Sally Vixxxxxxxxens wrote:
If I lose I will shovel your snow for a week!
Your on.
officially in the agip year-end calendar
Maser wrote:
They are on a tear, absolutely.
As I detail my failings on here, I will give you one more: I thought for tax reasons that there would be more selling at the end of 2021 than there was.
So here we go, the first real trading day of 2022, and BAM. Holy smokes. Now IDK what to do , these are not the levels at which I had hoped to buy in. Scheisse! Merde! I will now wait for a more opportune moment to make a US buy.
This feels like that blow-off top. My guess is that there will be only a tiny blip due to taper/rising rates, and that it is already mostly priced-in. Rates, lol—they will be raised from nothing to nothing, and will probably settle back down.
It’s got a rip-roarin’ feeling. It’s going to be smoking. No wonder Pelosi bought those calls. Wish I knew the strike prices etc. Honestly, this feels bitcoin-esque, at this point.
my hunch is that today's bump was hedgies taking off the hedges they slapped on in December to protect their big 2021 gains.
I think later in the week the math guys will plug in the much higher interest rates we're getting today and hit the sell button pretty hard.
Bonds getting crushed today - rates rising fast. Lately that has been bad for stocks, not good. Something else has added into the equation today. I think it's the selling of hedges.
Swaglord__69 wrote:
Iggy never has a solid narrative. I feel like it's all about the narrative.
TSLA is crushing the narrative now: the world is moving quickly towards EV's, moving towards decentralized power with distributed battery networks. The brand is solid, plus it has Musk.
Why would you not want to have part of your portfolio be part of that?
2021
TSLA +49%
XLE +53%
Besides:
https://www.coinbase.com/price/bitcoinYeah I was hoping for this to be an overshoot
Sally Vixxxxxxxxens wrote:
Sally Vixxxxxxxxens wrote:
Gentleman's bet - you are on Igy!
If I lose I will shovel your snow for a week!
And I’ll paint one side of your house. 😹
agip wrote:
my hunch is that today's bump was hedgies taking off the hedges they slapped on in December to protect their big 2021 gains.
I think later in the week the math guys will plug in the much higher interest rates we're getting today and hit the sell button pretty hard.
Bonds getting crushed today - rates rising fast. Lately that has been bad for stocks, not good. Something else has added into the equation today. I think it's the selling of hedges.
Hope they wait another month. I did a lot of purchases in late-Jan/early-Feb of last year. Need that full year hold to get the reduced taxes.
Good hypothesis though.