All dips will be bought. I just saw that someone in another thread mentioned Harris Kupperman. I responded that his essay from this past Thursday was excellent. I especially like his conclusion that "Your only logical exposures are long and very long." This bull market in US equities is just getting warmed up, and participation in the stock market on the long side will be the only protection any American has from the inflation soon to come. https://adventuresincapitalism.com/2020/07/16/did-the-market-actually-recover-from-covid-19/ "I want to be riding that freight train, not shorting the occasional violent contra-trend moves." - Harris Kupperman
Time will tell. I don't think it's quite that simple going forward but it has been since the GFC for sure. The fact that you had Powell pleading with Congress to extend the UE benefits, etc. just shows that he knows they can only do so much. Fed is more built to handle the big banks - and we've yet to see the full extent of the damage to the small / mid sizers. We'll see if Congress is willing to go "all in" as the Fed has to that end. In any case it all ends very badly. Buying stocks that go to a billion mean nothing when your currency collapses (not insisting it does soon). Everyone is in the same boat when this ends. My memory fails me on the exact saying. Something like "Ride the plane but make sure you are seated closest to the exit" ?
The current (and still ongoing) weakness in USD is one reason stocks and metals in particular, are seemingly strong. I'm a (continued) dollar bear gold bull for the past several months... if 115-116 is taken out there is a shot at heading towards former 2018 highs. That's my view of 6E.
There are some....IBM on Monday, Texas Instruments on Tuesday. https://markets.businessinsider.com...20&name=&countries=&eventtypes=103,99&tab=ALL I can't seem to find an earnings calendar with a filtering capability.
Wow, a name from the past. I have been a professional trader, since 1998, and was lucky to ride the dot-com mania, in NYC. In 2005-2006, I happened to be in Miami Beach, and visited a day trading office on Lincoln Road. I had set up an offshore private interest foundation, with $5M, and I was looking to diversify by investing in hedge funds. I was told of this amazing young guy, named Harris Kupperman (we were both in our twenties), so I visited his office, and had a face to face meeting. He had an extensive bookshelf, mostly history books, and economics (I have a Bsc. in Economics from Duke University, and also a BA in Art History). I believe he was mostly involved in mining companies in Africa, at that time. What struck me, was a Marquis Jet Card, conveniently placed on his desk. I asked him about it, and he said that it enabled him to fly to remote locations. My other observation was that his office was pretty huge, and empty, as he only had one assistant, visible. I questioned why such a big space, and he answered that he was looking to expand, and he might as well lock in the price on the lease. I then asked about his fund. He said he was managing around $100M, and his minimum was $2M, but just for me, he would lower it to $1M. I passed. One year later, the fund imploded (as in Zero). Investors were given "share certificates", as IOUs. The office was gone. I was still on his email list, and I clearly remember the last email from him, saying that he was humbled, and writing it from his living room. I do not know what happened to the original investors. I googled his name, but this "part" of his life has been fully deleted. I wonder why? TRUE Story!!!
So what about this statement just made in this recent set of posts: Oh wait, I found him.... https://moiglobal.com/crisis20-harris-kupperman/ Apparently, he's still in the business.
I found that too. There is just no mention of his fund implosion around 2006. The "Jet Card" gave me a bad vibe. My gut feeling told me to walk away. And saved me one million bucks. I recently saw him on "Real Vision". Needless to say, I no longer watch "Real Vision". Kupperman definitely remembers that Chapter of his life...