Trade Alert: Everybody Knows This Market Sucks. What Will They Know In Six Months?
Everybody knows that the dice are loaded, Everybody rolls with their fingers crossed
Everybody knows the war is over, Everybody knows the good guys lost
Everybody knows the fight was fixed, The poor stay poor, the rich get rich
That’s how it goes, Everybody knows
Everybody knows that the boat is leaking, Everybody knows that the captain lied
Everybody got this broken feeling, Like their father or their dog just died
Everybody talking to their pockets, Everybody wants a box of chocolates
And a long-stem rose, Everybody knows – Leonard Cohen
Wow I just grabbed those lyrics because they popped into my head after I kept writing about how “Everybody knows” in the paragraphs below. And boy, do they actually fit, pretty much perfectly for what I’m trying to say…read on.
ARKK at new lows. So are the semi’s and the Nasdaq and as of this moment, the broader indices are too.
In the hedge fund, I’ve some META common, some GOOG calls (dated out a couple weeks with $102 or $103 strike prices), I bought some more VZ common, bought a tiny second tranche of WOLF. Be careful out there, but now is not the time to be scared, in my opinion. Everybody I know can not think of a reason for the markets to go higher. Nobody can think of a reason to buy or believe that it just might work out for the US once again. If not today, perhaps soon. But it usually does work out for the US. And since we’ve spent the last year being cautious and defensive I don’t think now is the time to get even more cautious and defensive since prices have already in large part crashed and, as I keep saying, everybody knows that the markets and economy are precarious. And if everybody now knows it, it’s too late to act on that information. What will everybody know in six months that it will be too late to act upon then? Everybody wants a box of chocolates, let’s start making some.
We’re going to have to postpone our livestream Q&A until tomorrow at 4:30pm ET. I’ll send out a link via email and I’ll post in the chat room too. We’re going to be testing out doing it from YouTube instead of Zoom for this one and we’re having some issues putting it all together.
We’re going to have to postpone our livestream Q&A until tomorrow at 4:30pm ET. I’ll send out a link via email and I’ll post in the chat room too. We’re going to be testing out doing it from YouTube instead of Zoom for this one and we’re having some issues putting it all together.
