Crash today
Crash today
No crash, but SARK shows the fundamental weakness in hipster stocks. Mega cap growth is holding up the market, a break in those stocks would lead to something more significant.
carmine9 wrote:
Crash today
3% down from the high of the day to the low of the day.
Not great.
agip wrote:
at its low today the R2k was down 12% from its highs
SP500 down 4% from ATH
unweighted SP500 down 7%
clearly there has been some significant damage under the big names.
I can understand that.
It's tough to look at your portfolio and see the indices looking so good over a given timeframe, then see some individual stocks (other than the big FANGMAN stocks) that have underperformed.
The inclination is to unload them.
I've got two or three that fall into that basket.
wu tang finance wrote:
https://twitter.com/wu_tang_finance/status/1276537016201723904
Sure:
https://finance.yahoo.com/chart/SARK#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 stuff.
Bullish or bearish?
Or arbitrage? Sell the big names and buy the beaten up little ones?
In any case, we’re like a developing market now,
With only 5 stocks that matter.
And this shows the problem/advantage to ETFs. They are almost all market cap weighted so all that sweet new money is going to the same big caps. Fight it or play along?
https://twitter.com/zortrades/status/1466196875019698181?s=21
Retail may think all is well, and the financial industry will say the same. Big money moves the market, retail serves as grease, liquidity for trades.
Ghost of Igloi wrote:
Bib #1 wrote:
100% chance that the market will regain lost value in future months. You can take that to the bank.
That is actually very wrong. History would say ten years from the high.
You really need to avoid posting on things you know little about.
AND IT STARTS
My favorite thing. Going through a bunch of predictions I've kept in my calendar, to check on them down the road. One per day in December.
This is the first on the list. March 11, 2020. The very bottom of the covid bear market. Down what - 30%?
Our very own Sawtoothian predicted 10 years until the next new high.
History reveals that it was only around 4 months until the SP500 hit new highs.
And full credit to whoever 'bib #1' is. He or she killed it.
it's all page 1933 if you want to have some fun and read about what we were thinking back then. Interesting stuff.
I'm starting to cycle out of big cap market weighted indices.
This dependence on just a few names in the SP500 and other big cap indices is making me very nervous.
Switching to dividend payers like in SCHD or equal weight indices like RSP.
agip wrote:
Ghost of Igloi wrote:
That is actually very wrong. History would say ten years from the high.
You really need to avoid posting on things you know little about.
AND IT STARTS
My favorite thing. Going through a bunch of predictions I've kept in my calendar, to check on them down the road. One per day in December.
This is the first on the list. March 11, 2020. The very bottom of the covid bear market. Down what - 30%?
Our very own Sawtoothian predicted 10 years until the next new high.
History reveals that it was only around 4 months until the SP500 hit new highs.
And full credit to whoever 'bib #1' is. He or she killed it.
it's all page 1933 if you want to have some fun and read about what we were thinking back then. Interesting stuff.
The miracle of $4.6 Trillion. Bailing out leisure travel, subsidizing American consumers, and creating the biggest bubble in financial history.
And guess what, we will still reach the same levels as predicted March 11, 2020.
Meanwhile SARK reaches new highs….
Sounds like you really need to avoid posting on things you know little about.
Like SARK….😹
Today is the 20th Anniversary of the collapse of Enron. Interestingly today there are many financial irregularities similar if not worse than that era. Proliferation of non-GAAP metrics, stock buybacks, crypto, SPACs, NFTs, meme-stocks, payment for trading execution, and trading apps. It will take a market collapse to produce real change.
agip wrote:
I'm starting to cycle out of big cap market weighted indices.
This dependence on just a few names in the SP500 and other big cap indices is making me very nervous.
Switching to dividend payers like in SCHD or equal weight indices like RSP.
Probably a good idea. Insights appreciated.
RIP: D3 All-American Frank Csorba - who ran 13:56 in March - dead
RENATO can you talk about the preparation of Emile Cairess 2:06
Running for Bowerman Track Club used to be cool now its embarrassing
Rest in Peace Adrian Lehmann - 2:11 Swiss marathoner. Dies of heart attack.
Hats off to my dad. He just ran a 1:42 Half Marathon and turns 75 in 2 months!
Great interview with Steve Cram - says Jakob has no chance of WRs this year