Down goes the Dow

Ahh, Friday morning entertainment

This is highly anecdotal based on what I tend to see, but it seems that Fridays often sell off only to have Mondays be strongly up. If that is the case, going leveraged long could be a good swing trade.

That was the plan, but I will readily sell today if it seems right.

DGTD is pretty quiet these days, do all the Q1 revisions have everyone down?

I didn't really understand the market reaction to that. I would have thought that it would be greeted positively since it would offer reason for Fed to start cutting earlier since it indicates economy is moderating and not running too hot. Maybe it fueled recession fears?

Earnings Scorecard: For Q1 2024 (with 98% of S&P 500 companies reporting actual results), 78% of S&P 500 companies have reported a positive EPS surprise and 61% of S&P 500 companies have reported a positive revenue surprise.

Reddit legend DFV confirms he has over $200 million in GME

https://www.reddit.com/r/Superstonk/comments/1d6r5vp/gme_yolo_update_june_2_2024/?sort=new

Yikes! Should be interesting....

Josh439's username just gave me an idea. Maybe I should start posting as thirteen-ten gente.

Giving you all a heads up, might be going full Andrew Mellon soon.

I know a lot

I get a lot of references (unless they are about pop culture after say 1999)

Gente, I get around 1/5 of your references. It's like you and I grew up in different libraries!

Something about Revelations 13:10? Mellon's tax crimes or his charity?

SP500 returns are great.

Just noise here and there, mostly surrounding inflation/interest rates.

SP500 TR

1 month +5%

3 months: 4%

YTD: +11%

1 year: +28%

Absolutely nothing to complain about there.

I take Josh439 to refer to his P.R.; there's a famous quote by Mellon.

ok thanks

I didn't know you were that fast! Unless that's a 3200 meter PR then it's not so great.

looks like gamestop may be up dozens of percentage points tomorrow - crazy crazy. animal spirits are running.

Wasn't the 5k (the false implication was intentional), 3.2k or 100m. GoI might know it. There's another level thirteen-ten works.

Agip, you're not the only one. You just have more courage admitting it.

Did I miss anything good?

Igy has been saying Hussman Strategic is a strong buy.

Whew, sold the spxl 5 mins after open for a bit of a gain--but failed to pivot back to spxs :(

Now that we are a tad past 5/12 of the year gone, let's see how Ol' Flagpole is doing against the Dow YTD.

Dow: UP 2.34%

Flagpole: UP 7.48%