pick an index, if it's it's 6 digits, imagine what life in space will feel like when it's 12 or so digits? that's not happening in the present, but we either thrive in the future or we rremain stagnant, or grow moderately? not long ago, earth used horses, and focused on growing food for survival. This time it's different. Technology is doubling at a relatively constant rate that's phenomenally unbelieveable, but definetly unlikely to stop it's slow steady pace of everyday life. When I begain trading the dow was below 1,000 (and had only been above it once, i think). what is it now? Add lots of zero's and it doesn't matter if it matches supply demand curves of our past experience. It's no longer in fashion to say some index or stock symbol is going to the moon, or on fire...And the threats, currently being considered or so it often seems, is from asteroids as small as 3,000 feet in diamater, potentially causing destruction of all that we know so, from my perspective, those that have been calling for large numbers, in the future, for the stock indexes, the digit perspective .. have said 20 years ago to expect phenomal growth (in index prices) in the future. it may not be pleasant surving this virus, but we will and we will prosper and propagate the stars with safe places to vacation becaues machines will do everything for us. They do already (almost). Instead of continually replenishing paper and pencils (and trees, which take effort and time to grow), what we use instead exists forever, as computer monitors, and cpu's, which will become something different ....and maybe then with that hindsight, looking back, it will make sense? iow, pick an astronomically improbable economy or economic system of cooperation between everyone, where money is a foreign concept that existed in the distant past, and is no longer used because it isn't needed. Then visualize how we will determine what is worth owning, if owning things remains in fashion. Just this week a billionaire began heading in that direction by saying he was selling off a lot of his own personal distractions, in the form of homes or property he owns because it's of value to him to be doing that for reasons not entirely clear, other than the obvious Occupy Mars T-shirt he wears, and perhaps (reading between the lines) he's encouraging others to do the same, in what I believe is an effort to encourage more cooperation and less fighting amongst the current paradigm which is the class system of haves and have not's. or rich and poor. a few years ago a few other billionaires began down what imo is a similar path, in their own respective fields of interest, via establishing philanthropic entities, and perhaps encouraging their sons and daughters to think more about what they really want to do as their primary cause for being here on earth, rather than waiting to inherit the fruit's of someone elses labor. Appologies to whoever might be offended by this, because I don't like to think people might someday write stuff about me, such as this, without checking all the facts to make certain they're correct., but if they do, then that's what it will be and it will be written with the same love and respect I'm feeling (for everyone) working toward creating the materials our future society will need to surrive.
Bingo i think the last 3 months proved again the economy and stock mkt are completely different . Think about the millions of people that have been stuck at home day trading . There all going long on dips . Think about the record $5 trillion in money funds . Think about the Fed buying everything .They will stop at nothing to keep asset prices form crashing. Understand when any of the millions of traders buy something we have zero intention of holding it . Its a short term transaction no different than flipping a car or any other item . We could care less if its going BK as long as we think we can trade it for a couple of $'s knowing we'll hold it for only min's,hr's or days we'll buy it . Thats what got me decades ago away for the thought process of " My god the economy is crashing stocks will crash". Buy low and sell high has always been the mantra . Week after week 3-7 million more unemployed the last 6 weeks . Almost every Thursday when released the mkt rose. People believe in the Fed and until that bond is broken the mkt will never crash and stay down . Something i learned a long long long time ago. Going long is like hitting the side of a barn if you have time were shorting is like threading a needle . A short can only fall 100% and a Long can run to infinity . That illustrates how stacked the deck is against shorts over time.That said theres still great opps to short for a 1-2 day period butas you said you must be cautious. I advise 99% of the avg person on the street never to short . If your bearish don't trade and wait for long trades .
Saudi is going long: The PIF disclosed stakes worth $713.7 million in Boeing, ABOUT $522 million in Citigroup, $522 million in Facebook, $495.8 million in Disney (DIS) and $487.6 million in Bank of America (N:BAC), the U.S. Securities and Exchange Commission (SEC) filing https:// on Friday showed. The PIF has a nearly $514 million stake in Marriott (O:MAR) and a small holding in Berkshire Hathaway (N:BRKa), according to the filing. The PIF also disclosed an $827.7 million stake in oil company BP (L:BP), which has American Depository Receipts (ADRs) listed in the United States. "The Saudi sovereign fund went shopping in Q1," tweeted Ali Al-Salim, co-founder of Dubai-based consulting firm Arkan Partners, adding that it now held about $10 billion in U.S.-listed equities, up from $2 billion at the start of the year.
Sorry to hear that, but I would imagine the amount of speculators that did what you did would be enormous. I guess you (and they, and me) are part of the reason why the market is as high as it is now, we've all had to cover our short position.
And Buffett is selling . I think Buffett has a better track record . Were going to have to see if the stock mkt can fall in a possible depression over the coming yr with the fed printing a possible $10-$20 trillion . Its never worked for any other country in history but maybe it does .
Great points.. market's been rangebound af the last few weeks so I'm focusing on relative strength sectors next week. Gold oil cannabis and gaming. Top picks GDX GOLD CGC ACB MGM PENN UCO USO plus inverses on red days.. Thx hafez, smart re 2day and short risks, gotta get blinders off re overly bearish especially in rangebound mkt, appreciate your insights