j-wo wrote:
https://twitter.com/paulkrugman/status/1327212593342197762?s=21
What a surprise... a radical leftist wants radical leftists to win. Krugman is a piece of carp.
The market is bent
Nio was up 10%+ today mid morning.
Some clown called Andrew Left at Citron research at that point declared "After a rocky road of trading, NIO has found itself in unchartered territory that can never be justified by its current standing in the China EV market or its near-term prospects"
Immediately NIO began tanking.
Price has dropped 21% in 4 hours since his proclamation.
I bailed once the price fell 11% to the closing value yesterday.
Made a small amount on this bet I made Monday.
This is not how a legit market acts where forces unknown, in concert with their front man Left, can manipulate a price so much.
I suspect this was a move to drop the price so they can buy in cheap.
I am leery about the week-end but will be looking at closely on Monday. Unfortunately I cannot trade over the week-end like the Big Players can
The Unkle wrote:
[
This covid is being used for a massive transfer or wealth from the majority to a small minority of economic elites. Just look at the numbers. It is not debatable. You are incredibly naive if you think the powers that be are doing these lockdowns out of concern for our well being. Just absured
So let's look at the numbers.
https://fred.stlouisfed.org/graph/fredgraph.png?g=xJ9VThe lime line is the top 1%; the onyx line is the bottom 90%.
Earnings Scorecard: For Q3 2020 (with 92% of the companies in the S&P 500 reporting actual results), 84% of S&P 500 companies have reported a positive EPS surprise and 78% have reported a positive revenue surprise. If 84% is the final percentage, it will tie the mark for the highest percentage of S&P 500 companies reporting a positive EPS surprise since FactSet began tracking this metric in 2008.
Racket wrote:
I'm gonna start putting spreads out for favorable entry on Wal-Mart and Microsoft today. Both of those companies have strong staying power even if there's a second wave.
That was 4 months ago.
You got me looking at Walmart, and i bit.
Been underwater until today so i sold at the absolute break even point, to the penny. SHort term trades have not been my strong point, so feel fortunate just to claim no loss.
Likewise the MSFT is about flat over that time period, but I've been in that for a long time now and holding for sure.
Weekly update
VTI (USA):
1m:+2
3m: +8
12m: +19
VGT (tech)
1m -1
3m +7
12m +42
XLE (energy)
1m +11
3m -9
12m -38
CXSE (China)
1m +4
3m +18
12m +64
VTV (value)
1m +6
3m +8
12m +1
Big month for energy and value...is this an inflection point?
I doubt it over the short run; short covering and rotation fueling up move. Covid will continue to impact oil demand. I do think there is a floor on prices, and of course currencies have to be factored in. Relative to the assets tracked will do best over a year period.
This always cracks me up:
https://twitter.com/RampCapitalLLC/status/1055169655533432832
as ho
??
la gente esta muy loca wrote:
The Unkle wrote:
[
This covid is being used for a massive transfer or wealth from the majority to a small minority of economic elites. Just look at the numbers. It is not debatable. You are incredibly naive if you think the powers that be are doing these lockdowns out of concern for our well being. Just absured
So let's look at the numbers.
https://fred.stlouisfed.org/graph/fredgraph.png?g=xJ9VThe lime line is the top 1%; the onyx line is the bottom 90%.
The top 1% are not the economic elites. Not even close.
The net worth of someone just in the top 1% is a lot closer to those in poverty than it is to the elites
The top .0002% are. The billionaires.
I previously posted the explosion in wealth of the multi billionaires since Covid hit.
Massive increase.
j-wo wrote:
https://twitter.com/redrivergroupms/status/1327627529021100032?s=21
In March of 2009 Wilson said the market would go lower. If he wasn’t bullish he would not have a job.
Ghost of Igloi wrote:
j-wo wrote:
https://twitter.com/redrivergroupms/status/1327627529021100032?s=21In March of 2009 Wilson said the market would go lower. If he wasn’t bullish he would not have a job.
Wouldn’t that be bearish?
j-wo wrote:
Ghost of Igloi wrote:
In March of 2009 Wilson said the market would go lower. If he wasn’t bullish he would not have a job.
Wouldn’t that be bearish?
He wasn’t CIO in 2009.
also interesting to note that tech has underperformed the market for 1 month and 3 months. Pause or sea change?
Only as long speculation continues, once it ends, it will do worst of all sectors.
Oh, please!
Underperformed? If you mean a one percent difference, then fine, underperform my concern.
Let's get real, okay?
The only numbers of merit on that page are :
1) a very very risky bet on China over a 12 month span, which we both know as quite risky becuase emerging markets has been in the dumper for most of our lifetimes. So consider that a longshot.
2) Tech.'s 12 month 42 % return over 12 months, which is pretty freakin' good considering that it is a relatively safe bet that has outperformed for many years running.
If you are worried about tech simply matching the overall US market performance over the last 3 months, then you probably shouldn't be in tech in the first place. Save for outsized gains for those of us with a little more vision.
Okay, Iggy, cue up them Ruskie charts with the downward pointing dashed red arrows.
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