Down goes the Dow

Debunked my @$$. Blocked.

VIX creeping up, stocks sliding down. Anybody (agip?) buying today's dip?

I'm busy selling lots of european stocks. hand over fist.

and I think we all have to consider gold...every central bank has to buy gold now and keep it in a vault...if the West can just take away their reserves. Have to think they'll all buy gold.

Only poor and ultra corrupt countries will benefit from that and they won't be able to buy much gold since they're poor anyways.

When you have the combined GDP of the US, the UK, and EU together on the same team, you get to make the economic rules. Simple as that.

Going the other direction, but selling some of my shorts with limit orders on the dip. I suppose of course some will find value here.

I have established a position in EMD, and will add as it drops further (hoping for lower prices).

Odd how quiet the market is with VIX very high, above 30.

I guess a lot of PMs want to keep their longs but at the same time have an overlay of protection in case the merde hits the ventilateur

Futures hammered….

probably the nuclear power plant smoking in UKR.

Nuclear power is such a tantalizing idea but humans just aren't smart enough to handle it.

Getting nastier by the day….

Cramer says investors still buying high-growth tech stocks won't last long in the market

this is one of the biggest questions I have.

Tech has obviously been the best place to invest since 2009. returns have been stunning and far higher than the market as a whole.

Is this downturn a chance to buy in at a discount? Or is it the end of an era, and will tech stocks flatline for a decade.

One of the biggest questions out there. Seeing changing eras is so hard and can take years, with lots of false starts.

High. growth tech is a narrative, largely false. Most of these companies have minimal organic growth, modest EPS growth fueled by stock buy backs and lower tax rate. Hipster stories investors have been sucked into. Highly likely the current trend will continue with this sector being the worst performer.

lol well folks there you have it! Igy has declared the whole tech sector to be a huge sham!

Why didn't you say anything sooner man! Where was this advice back in, I don't know....

THE INDUSTRIAL REVOLUTION OR SOMETHING IDK

I posted numerous times about AAPL and MSFT. It is more about folks willing to pay more for a unit of earnings. It won’t likely be anything like the last five years. We’ll see, perhaps this is a new era. Certainly hasn’t been that way for ARKK stocks, NFTs, meme stocks, SPACs or crypto. And this would be true if the Russian invasion never happened.

Despite all the chaos out there, taking just one step back, the US market has been pretty quiet.

trailing returns are just sort of blah for the SP500

1wk: +2%

1 month: -2%

3 months: -4%

1 year: +16%

Shows the strength and self-sufficiency of the US economy. So far.

it's true that one of the major headwinds facing the US is that we may decide that multi-trillion dollar companies don't deserve to sell at 30x earnings or 10x sales because the kind of long-term growth that justifies those valuations is impossible with a giant company. Law of big numbers.

If that's the case, the SP500 will be decapitated and won't go anywhere higher for a long time. I suppose that's an argument for value. Or at least the unweighted SP500, to avoid the giants.

VIX close to 34 this morning. Anyone (agip?) buying the fear today? :-)

BTW, I've just looked back at the VIX since 1990. Here are some interesting statistics:

- VIX was above 30 678 of 8099 trading days (8.4% of all trading days)

- VIX being above 30 is usually short-lived when it happens. Nearly 12% of VIX>30 occurrences are a single day, and 37.4% are a week or less

- some VIX>30 occurrences are very long. 42% of them last longer than 3 weeks

- the 5 longest extreme cases for VIX>30 were 170 days (ended 18 May 2009), 50 days (3 times) and 47 days

All that to say, while high VIX may usually be a pretty strong buy signal, there are cases where the "signal" might last a long time and your patience could take a long time to be rewarded.

Depends on how long you can afford to wait. Anyone how bought the dip in 2008 and just held is insanely rich today.