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its a massive asset bubble. something like a third of a trillion dollars was conjured out of the ether yesterday and converted to market cap. at this point the surest way to predict broad market sentiment is to ask yourself what the fed thinks it can get away with. also i made a an absolutely wretchedly ill informed twitter play today without realizing i was longing the ATH since march and my ROKU swing is holding me upright, barely, but goddamned sometimes i really frustrate myself.
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I was listening to Cramer this morning for first time in long time. He was losing his shit about the NQ 6. Just nuts he says. His problem currently is he likes to riff about company fundamentals and well.... his schtick is irrelevant atm.Originally posted by sonatine View Post
he sounds different to me somehow. Must be a backstory.
rotation divergence to Russell is happening slowly. SPY feeling nervous. You know I’m fresh short againComment
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“Fair to say you simply flooded the system with money?
POWELL: Yes. We did. That's another way to think about it. We did.
Where does it come from? Do you just print it?
POWELL: We print it digitally. So as a central bank, we have the ability to create money digitally.”Comment
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Powell has that Mr Smith Goes to Washington vibe. Impossible to dislike. Yellen and Bernanke have been direct especially lately - their recent testimony is well worth skimming.
i am well fucking aware of the pressure he endures from the White House. Used to kid he would quit.
I remember Greenspan so I have an appreciation for these things, Greenspan-speak was legendary.Comment
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On SPY things unrelated to day trading...
...the weighted average of the 5 biggest companies that make 20% of spy is up 35% YTD when SPY itself got positive YTD like a day ago. The big five have cowered the February high water mark easily while SPY is still trailing. The other holdings in SPY aren't making the fund more robust because they are interconnected and as a whole they are far weaker to any negative event and are less capable of capitalizing positive events.
As is the big five alone are more robust. How this played out was highly predictable. The other 503 holdings in SPY are just negative fodder.Comment
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this ^ also explains the massive disconnect between spy & qqqComment
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I did a little dollar trade. Always scary.
dollar just continues to get smoked.
You had this feel $103 if I recall. $95 and a few ticks.Comment
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Oh, when do RH kids pile into gold? I see you nodding your head.
right? They hit the ludicrous mode button.
ABC down NQ’s homey. I finally make some SPX $$$$$.
Die SPY DieComment
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honestly we might hit sub 80s by the time the fed taps out and lets the market settle to a holistic price.Originally posted by Sanlmar View PostComment
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Having a full blown prepper father, and really strong desire to not back up because my retirement is about 50% saved wages, I have purchased 100 oz of silver, and 100g of gold every month for the last 5 months.Originally posted by Sanlmar View PostComment
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I don’t even know where to start with the Hunt Brothers Silver story. Tremendous. They took silver from $1.40 —-> $50 with physical delivery of hundreds of millions of ounces.
the transfer of their to Switzerland with the “Cowboys” riding shotgun.
wonder if there was a movie
baby brother owned the KC ChiefsComment
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by the by im half way through Flash Crash and honestly its indescribably good.Comment
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Thank you....forgot about this.Originally posted by sonatine View Post
asperger tendie eating momma’s basement living trading prodigy. Living breathing meme. I’m so glad it’s good. If I downloaded tonight I’d finish with the birds chirping tomorrow AM.
70 mil and he had a yellow bike with Lambo painted on the side. I was stomping my feet in the bleachers. Beautiful.
Dev Patel in the movie, I don’t know about the screen play but there is a decent chance the flick won’t be shit with him in the lead role.
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Is Flash Crash gonna be Rounders for 2020?
Prediction:
the RH kids will regard Navinder as an aspirational tale.
quoting lines from movie.... well, cause they don’t read books.
srsly will scrape it for trade ideas.Comment
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