Markets and other notes
I’ve been doing more homework on several names but just am not ready to pull the trigger on any of them yet. Are any of you dear Trading With Cody subscribers anxious to trade more?
JesseLivermoreThe human side of every person is the greatest enemy of the average investor or speculatorEmotion is always the enemy of the great trader/investor. Buying and trimming in tranches, along with cutting losses when we have to, is key to avoiding letting emotions drive your trades/investments
Q. If the market doesn’t follow through with this ‘would be’ correction that we’ve been hedging our portfolios for, do you think that when one does come, it will be a lot deeper than this one might have been? I’m thinking the longer we go without a sustained and meaningful correction, the more painful it’ll be later on.
A. Depends on what time frame we’re talking about. A short-term pullback can happen at any time and I don’t think each short-term pullback in the markets is necessarily correlated with how the markets were trading directly prior to such a pullback. On the other hand, longer-term, I do expect that when the Great Economic Reset (new term I just coined) happens and the fiat currencies, the central banks, the collateralized securities, the market manipulations, the M&A- and low rate-driven oligopolistic profiteering, the corporate-welfare tax code, the tens of trillions of dollars of government debt and all that mess that the Republican-Democrat Regime has created for our economy and society…well, the longer they’re able to kick the can, the worse the eventual crash/depression might be.
Markets are still struggling to make any meaningful move since the hit their post-Brexit-crash highs a few weeks ago. Tech is leading all other sectors and our largest positions are all near all-time highs except for Apple, which is near 10-month highs.
I wouldn’t be shocked to see the market rotate between down days of close to 1% followed by up days of close to 1% being in a general down trend for the next couple weeks. Feet to fire that is, not something I’m necessarily trying to game.
A few other not-so-random notes:
As I wrote on here many times when $AAPL was closer to $90, I think $AAPL could end the year closer to $130 than $100. I still think that, but wouldn’t want to chase $AAPL after its 15-20% spike straight up over the last few sessions.
But what if the new products pipepline fails to catch traction and inventories build again? Frankly, if Karma is a flop, I’m not sure$GPRO is a long-term sustainable business. They need a hit now to be able to keep investing in future products. I’ve got no position in $GPRO but have little faith in the management there.
I think $VRX is still in big trouble with way too much debt and that there will be little assets or value left for shareholders when they finish paying that debt back. I’ve been short $VRX for a year plus now and remain short a small bit of it.
How naive I sound four years later after posting this on Facebook: “September 20, 2012 · I just noticed this Map called “Places” on my Facebook page and I am not kosher with people knowing where I am when I post on here. I’ve just wasted five minutes of my career trying to figure out how to remove it from my Facebook homepage. If it’s still there in a week and if I can’t figure out how to remove it easily, I don’t know if I’ll keep using Facebook as a platform. I know people have long hated the Facebook privacy settings, but I’ve always just figured I’m a public figure anyway, so who cares. But nowadays Facebook discloses to all of you my exact location when I’m positing on here? Am I missing something?” In a world where people are streaming the insides of their houses with GPS locations using Pokemon Go and Periscope, it sounds quaint to worry about Facebook disclosing your location when you post.
The #WearablesRevolution is rocking as the makers of the Myo armband just raised $120 million from $AMZN, $INTC and othershttps://www.youtube.com/watch?…
Haha, this is hilarious! “Innovation at its finest…”$AAPL
Drives me bonkers when a dude who took $75MM in welfare and went bankrupt months later goes around Tweeting/talking like a “conservative” and has the gall to badmouth people who use food stamps to eat. #Corruption #EndTheRepublicanDemocratRegime“Ex-Red Sox pitcher Schilling agrees to 38 Studios settlement …”http://www.headlne.com/redirec…
All this is correct, but knowing which outcome we’ll see is impossible, and that’s part of why we hedge: “There seems to be no fear at all in this market…. If the fed does the unexpected…. We could be in for a rough couple weeks… Although in the grand scheme whats another quarter point”
