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Everything posted by Hobbiewood

  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. Roll Over, Beethoven, and tell Tchaikovsky the news
  6. “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
  7. 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.
  8. No doubt. I simply find these rally's underwhelming. Leaving Mother market wanting for wood and yet endlessly seeking fresh batteries.
  9. If the VIX is any indication of fear its in 'barely a moist underarm territory'
  10. 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.
  11. Now AMZN is showing some drama, but the VIX is not. Interesting lack of fear here.
  12. 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.
  13. I may have caused Kitty to come out and dance the hora. Volume dried up in the last move down but overall I'd say the market is doing what its supposed to. Its facilitating trade in this case at lower prices. I say its trending down.
  14. There’s something happening here. What it is is increasingly clear.
  15. I don't short individual stocks just ETF's and I don't know what the rules are for shorting IPO's nor do I know what it says about the market in general but I can say with certainty that I am in the 'Cloud' business and this SNOW price is a freaking joke.
  16. The S&P had another failed midmorning woody. At this rate she's gonna need fresh batteries.
  17. I’m on the edge of the western world here in Sausalito, CA air quality is finally improving significantly at the moment. That situation looks to be moving East. Thank you for your concern. Pray for rain, there’s none in sight for the foreseeable forecasts. And that’s what climate change is really about with this. The time until seasonal rains arrive. Well neither are three digit temps near me but luckily none of that is in the forecast either.
  18. Nice. I like how its epitaph is the last sentence in its definition. "The denominator of the index is calculated based on number of shares traded, not their dollar value. Therefore, a highly traded stock with a low share price will affect the index more than the same dollar volume traded in a higher-priced stock."
  19. Measured between the hours of golden shower and the mild to raging member midmorning midpoint.
  20. VIX looks deeply underwhelmed by this. This how I think of the premium in these leveraged shorts.
  21. So what you're saying is don't expect sell-off drama just failed rally after failed rally for the foreseeable future?
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