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Fear is palpable. Panic is in the air. Stock markets down 10% in a week. Headlines blaring fearful news. Time to nibble. Time to cover some shorts. With the DJIA down another 800 points today as I type this, I’m covering 15-20% of most of my short index hedges
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The DJIA tried to rally and got up a full 450 points…before falling 600 points from that level and is now down 150 points as I write this. Even as I’d been so cautious and defensive and I’d warned repeatedly about how the market should not be
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Well, we’d spent the last two or three weeks trimming, selling and hedging to try to prepare for the kind of sell-off the markets are now going through. I’m kicking myself for not having pulled more triggers on short ideas with China’s major trading partners, as I’
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I had two main takeaways from the panel I hosted at the CFA Austin annual dinner where the topic was The US and China: When Two Global Economies Collide: 1. Nobody on the panel seemed to be very concerned about COVID-19 and the potential longer-term market/economic ramifications that might
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Happy President’s Day. Apple says coronavirus effects will cause revenues to fall short of guidance That’s not good news, but we were quite preparing for this weren’t we? Also, we’ll have to see just how big the market reaction will be to this news tomorrow. Futures
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Before we jump into the transcript from this week’s Live Q&A Chat, I’ll just mention that it’s not normal to buy a stock and have it go up 300% in three months. (TSLA) and (SPCE) are literally up 4x from their lows last year. You’
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Gravity can’t keep me in place, Gravity won’t let them escape, Gravity still laughs in my face. – The Muddy Souls What’s driving this latest rally that’s gone into overdrive in our long-going Bubble-Blowing Bull Market? Let’s analyze and strategize. It’s essentially a gravitational force
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I had a very productive and interesting three days in NYC. Lots of meetings, running around the city, learning and networking. See pics below. Here’s the transcript for this week’s Live Q&A Chat. Stay vigilant out there. Q. Are you tempted to trim the Chinese holdings
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The markets today are acting like: “What coronavirus?” as the major indices bounce about 1%. Oh, and then there’s Tesla TSLA TESLA(!) up another [checks screen, rubs eyes, doubles checks screen] 20% today and up more than 250% from where we loading up on it as my favorite pick
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Here’s the transcript from this week’s Live Q&A Chat. Not much fear in the chat room and that sometimes makes me a little bit worried. Q. Do you think there will be decent pullback? (Different from panicky sell off). A. At some point, definitely. Whether that
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Markets were nasty today with coronavirus fear. I’d rather nibble some of what we trimmed or cover some hedges than panic with the markets right now. In the meantime, here is Part 3 of 3 of my latest personal portfolio positions and most of the hedge fund positions with
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I just got scheduled to do a Fox Business hit to talk about the markets and earnings and what not today at around 2pm ET. Here is a Part 2 of 3 of my latest personal portfolio positions and most of the hedge fund positions with updated commentary and ratings
