Tue Nov 9, pm EST 5. Data analytics in a manner to control consumer trends will only get better. That being said, I am seeing some fine software stocks down in the AHs and many glib fucked for faces on Twitter are declaring them to be dead. You do not time them or worry about the conference calls. You rely upon the management to figure it out — because it is their job.
Your job is to position your money wisely to grow in a manner that conforms with data analytics. We are probably in the 5th inning of moving IT departments out of corporations and into the hands of various SAAS companies. Their revenues are, by design, predictable. Tue Nov 9, pm EST 0. Each day I commit the same mistakes and today I am finally going to learn.
I sell the open like a champion, only to get lured back in because stocks always looks so good to me. Alas and this goes without saying, more often than not I am bled out like a zebra on the dry grass, left for dead until I limp away back into cash and reserve my energy for the final half hour. My position will be clear into the closing hour. Small size and hedged, attempting to add onto present gains but not in a greedy way.
Tue Nov 9, am EST 2. All of those grandiloquent gains are quickly slipping down the wayside. My advice to you is to run. We need a little zero-hedging — dip buyers punished brutally under a cavalcade of sell orders. I am only long BITO calls now and reserve the right to completely change my mind based upon market themes.
The point here is to comport oneself with dignity and to behave moderately in the face of exuberance. Mon Nov 8, pm EST 3. Back in the old days things like this were priced in and stocks would trade lower after the news hit. But today, since everyone is dumb, shit pops after news hits we already knew about. This dichotomy of markets makes it difficult for people with IQs higher than to trade — which is why MEME stocks and the dumbest people on the planet are getting rich, carelessly.
I made just 61bps today, repeating what I have been repeating for months now, which is selling the open, trying my hand at lunch time trade only to drawdown into it and forced to pare down losses into the bell. I had gains of bps and said gains were halved for a numbers of reasons, namely the desire to participate in the depravity. Perhaps this market is too glib to conform with my personality?
One glance at the bubbly action early will tell you that. Not just that, in a note on Sunday he also said trade tensions are becoming more of a problem for business confidence. He sees global growth slowing to a six-year low of 2. The U. So, which countries around the world currently hold all that debt? Cost-estimating website HowMuch. Car sales will also be released later this week. As for Monday, the ISM manufacturing index hits at a. Eastern along with construction spending for May.
Nothing Thursday, of course, in observance of the 4th of July. Almost none of it can be quoted here for profanity reasons, but the gist is that the rise of commodity prices is inexorable and too powerful to bet against. The Fly also provided the natural gas stocks he's holding, and the ones he's watching.
This blog names names. Blogs, a shortening of the term Web log, first appeared about a decade ago and initially were a way for individuals to communicate with like-minded people on topics of interest. At least one of the blogs on our favourites list, Canadian Capitalist, still works along these lines. But some others suggest that blogs, financial ones at least, are starting to develop a more business-like profile.
IBankcoin was formed last November when The Fly brought some other bloggers into his fold to create an organization with 10 writers and contributors to a forum he calls The Peanut Gallery. Another example of a blog that's more of a business than a personal soapbox is DealBreaker, which readers ranked third. There are lots of idiosyncratic things that go on within the Wall Street culture. The overwhelming popularity of DealBreaker, iBankCoin and readers' second-ranked choice, Wall Street Fighter, attest to the appeal of the sharp-tongued approach to blogging.
Wall Street Fighter collects wacky factoids from the financial world and serves them up with lots of nasty comments. The anonymous person behind this site had a good old time the other day with what were described as the seven worst money-saving tips to be found on the Internet.
Tip One: Stop buying alcohol. Wall Street Fighter's annotation: "Well, how do they suggest we get it then?
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