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About Hobbiewood

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    Stock Proctology Intern

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  1. https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html?action=click&module=Top Stories&pgtype=Homepage I'm increasingly convinced it's only the chart in the link above that matters. I'm irrationally superstitious and biased too. Yet, as has been said many times, at the end of the day the virus doesn't care. It doesn't care about TA, where you are, who you are, or if there's anything at all on Hunter Biden's laptop. It's running its own algorithm on our species and it will run to completion along its own rule set.
  2. The orange shit gibbon just tweeted that there will likely not be a stimulus package until February at the earliest. If thats true, the market reaction is still discounting this as a negotiating ploy.
  3. Speaking of hard to believe: https://apple.news/A9KZCOplcQPaDmn6nvU7QNg
  4. It’s not exactly like taking Farve out and putting Rodgers in.
  5. “The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” ― Matt Taibbi
  6. In sticking with my thesis of AMZN as proxy for COVID-19 rally I was worried yesterday that it signaled 'its over'. All day there have been few bids. Jimi what do you call this reversal.
  7. No doubt. I simply find these rally's underwhelming. Leaving Mother market wanting for wood and yet endlessly seeking fresh batteries.
  8. If the VIX is any indication of fear its in 'barely a moist underarm territory'
  9. I didn’t realize until a moment ago that today was a triple witching day whereby the market must organize itself to have the greatest number of options expire worthless. Ohh BTW Doc, I don’t want to be rude. You’re a cranky old man.
  10. Now AMZN is showing some drama, but the VIX is not. Interesting lack of fear here.
  11. Doc, what I tried to unartfully say yesterday is that while I trade ETF's a think individual stocks can be proxy's for more generalized market behavior. In my feeble mind AMZN, given both its retail and cloud services revenue streams, is a near perfect proxy for lets call it the COVID-19 rally. Which brought the stock from 1700 to 3600. Yesterday I posted when it was making a low. It is there again now.
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