BreakOut

Too late to resubstantiate? The close will be very telling.

Wonder what the returns on this would have been over the past 15 years: BreakOut Fund: Buy 100% S&P 500 ETF at close Tuesday before Fed Wednesday. Sell half at close Fed Wednesday, other half at close Friday (Fed Resubstantiation Day) Repeat at close on Tuesday before the next Fed Wednesday on the calendar. Of course, buying and holding almost anything 15 years ago might have beat this.

Did someone say launchpad?

I started dabbling in the Treasury auction market a year and a half ago. Since then, for Treasury notes, my experience has been that the interest rate frequently dropped a quarter point or so between the purchase deadline and the actual auctions, which closed a day or two later, around noon Eastern time. A few times the rate stayed the same, once, it dropped almost half a point, but I do not recall the rate increasing into closing, which would have benefited me, the buyer (ie, the Greater Fool). Someone, somewhere, got a slice of the difference.

Wow, looks great! https://tribuca.net/img/pictures/2018/07/20180713165220-selections-basse-def-sncf-train-des-merveilles-08.06.17-maxime-huriez-16a2582-625x417.jpg

Always nice to live to fight another day.

Somebody must have jumped the gun with that finger. As JFK said, there is always someone who doesn’t get the word.

When I get to the bottom, I go back to the top of the slide Where I stop, and I turn, and I go for a ride 'Til I get to the bottom and resubstantiate again Yeah, yeah, yeah

I think we need double up-arrows for that one.

Looking forward to another good sing-along on Resubstantiation Day!

Trivia: Although he pronounced the little known (at the time) island of Oahu as “O-ha-u”, John Daly was the first radio broadcaster to break the news of the Pearl Harbor attack to the nation.

Doing so as we speak, so to speak.

“Gold Goes Space Needle” Gee, it’s almost as if a dozen-plus years of “not actually printing” money has, shall we say, actually, consequences?

Followed by the infamous “Denver Drop”?

Joseph Kennedy and Jesse Livermore, for two. But old Jesse lost his mojo .