My former name, that I used for several years before requesting a legal name change from the brojos, mainly because it seemed to bug you, reflects:
- I don't actually have any idea what the markets will do and can only guess, like all the rest of you
- the future of the markets is completely chaotic and largely unknowable, and all our collective efforts to assign cause-and-effect between the markets and other things (e.g., the Fed, inflation, bond prices, housing prices, ongoing wars, Musk farting ...) all boil down to a steaming heap of bullcrap, of no real predictive use to anyone, except when looking backward in narrow circumstances, useful only as a basis for idle conversation
It's consistent.
I have lost at least some money every single day for 2 weeks
very cool chart. It adjusts gas prices to incomes and average fuel economy. It suggests the cost to drive 250 miles as a percent of income is not all that unusual now. Because earnings have gone up and gas economy has gone up. Now that's how data should be used.
It suggests that high gas prices might not be as much a problem for households as some think it will be.
Recently I've travelled for work to some places where everyone has 2 to 3 vehicles in the driveway, mainly pickup trucks or SUVs, and not "small" pickups or SUVs, but F250s and the like (who the hell needs that for the daily commute?!?). Not a small car nor hybrid to be found... I dare say those families find the cost of driving to have gone up steeply.
I bought $40k on Monday and another $30k on Wednesday and, with yesterday's meltdown, expected some big gains. Somehow I am down a couple of hundred bucks
I advised you to buy on stock market rallies and you did the exact opposite. It is not an inverse ETF, even though he has a bearish slant. My opinion is he lowered his bearish bets as the market sold off, which is what I would do.
I think many see housing as the next domino to fall...falling house prices could unleash all kinds of weirdness. Certainly it could increase the negative wealth effect (in concert with the fallen stock market) to reduce spending.
Pipe dream from young kids wishing for a 2008 scenario. Single family housing is still scare and demand is still catastrophically high. In fact it's so high that many are hoping for a total economic cataclysm so they can attempt to buy into the market.
Either supply needs to increase or demand needs to decrease. I think both are hard. Housing prices will certainly not go up as quickly and will slow down under higher rates, but for anyone who bought in the past 10 years you're still looking at massive gains.
here's another reason for a new leg down....economic data are surprising mightily to the downside. Every day is a surprisingly slow data point. Econoday has a tool that measures the up or down surprises of econ data releases...it's at the lowest point of the year and very negative. Markets hate surprises, esp negative ones.
I bought $40k on Monday and another $30k on Wednesday and, with yesterday's meltdown, expected some big gains. Somehow I am down a couple of hundred bucks
I advised you to buy on stock market rallies and you did the exact opposite. It is not an inverse ETF, even though he has a bearish slant. My opinion is he lowered his bearish bets as the market sold off, which is what I would do.
Huh?
I got in Wednesday Nite and Thursday was a market meltdown big time -- yet this fund returned only .7%.
reminder: ETF and regular fund investors should be aware (looking at you, Flagpole) that for the next two weeks each will go ex-dividend so will show weird on-day declines in price. You'll be made whole, but not until the dividend arrives a week later.
Recently I've travelled for work to some places where everyone has 2 to 3 vehicles in the driveway, mainly pickup trucks or SUVs, and not "small" pickups or SUVs, but F250s and the like (who the hell needs that for the daily commute?!?). Not a small car nor hybrid to be found... I dare say those families find the cost of driving to have gone up steeply.
Jacked up high profile vehicles are big in Idaho. Usually driven by short guys that need a step to get in. Or SUVs for the suburban housewife that block out the sun. My wife feared for my safety when I wanted the Cayman. I recall during the GFC all the Hummers and Polaris snowmobiles for sale on the side of the road.
I advised you to buy on stock market rallies and you did the exact opposite. It is not an inverse ETF, even though he has a bearish slant. My opinion is he lowered his bearish bets as the market sold off, which is what I would do.
Huh?
I got in Wednesday Nite and Thursday was a market meltdown big time -- yet this fund returned only .7%.
I bought $40k on Monday and another $30k on Wednesday and, with yesterday's meltdown, expected some big gains. Somehow I am down a couple of hundred bucks
I advised you to buy on stock market rallies and you did the exact opposite. It is not an inverse ETF, even though he has a bearish slant. My opinion is he lowered his bearish bets as the market sold off, which is what I would do.
It seems like were I to put in an order for this right now, it would not be filled until Monday morning at the opening price on Monday.
I bought some yesterday pre opening and it was not filled until this morning at this morning's opening price so I totally missed out on yesterday's +.7% for that purchase.
Plus, the market was down 3% plus and this fund returns ony 0.7%?
Like I asked before, it this fund loses money when the market does well, it ought to be on fire now. And it is up something like 17% this year with the market down 23%.
I advised you to buy on stock market rallies and you did the exact opposite. It is not an inverse ETF, even though he has a bearish slant. My opinion is he lowered his bearish bets as the market sold off, which is what I would do.
Huh?
I got in Wednesday Nite and Thursday was a market meltdown big time -- yet this fund returned only .7%.
This guy loses when the market goes up.
He does not win when it goes down?
Not sure what time you consider Wednesday night. If you bought after 4:00 years PM EST you were buying Thursday’s 4:00 EST closing price. If so, there’s you problem. Also, your broker may charge a fee to purchase. For example, Fidelity charges $50 for a purchase of HSGFX.
I got in Wednesday Nite and Thursday was a market meltdown big time -- yet this fund returned only .7%.
This guy loses when the market goes up.
He does not win when it goes down?
Not sure what time you consider Wednesday night. If you bought after 4:00 years PM EST you were buying Thursday’s 4:00 EST closing price. If so, there’s you problem. Also, your broker may charge a fee to purchase. For example, Fidelity charges $50 for a purchase of HSGFX.
I got in Wednesday Nite and Thursday was a market meltdown big time -- yet this fund returned only .7%.
This guy loses when the market goes up.
He does not win when it goes down?
Not sure what time you consider Wednesday night. If you bought after 4:00 years PM EST you were buying Thursday’s 4:00 EST closing price. If so, there’s you problem. Also, your broker may charge a fee to purchase. For example, Fidelity charges $50 for a purchase of HSGFX.
I advised you to buy on stock market rallies and you did the exact opposite. It is not an inverse ETF, even though he has a bearish slant. My opinion is he lowered his bearish bets as the market sold off, which is what I would do.
It seems like were I to put in an order for this right now, it would not be filled until Monday morning at the opening price on Monday.
I bought some yesterday pre opening and it was not filled until this morning at this morning's opening price so I totally missed out on yesterday's +.7% for that purchase.
Plus, the market was down 3% plus and this fund returns ony 0.7%?
Like I asked before, it this fund loses money when the market does well, it ought to be on fire now. And it is up something like 17% this year with the market down 23%.
I would just add, HSGFX it is not an inverse ETF, and it is not a trading vehicle. Buy SH if that is what you are looking for.
I'm selling millions of dollars of TIPS this week...the inflation story is ending, both on the supply side and demand side. The bond market is saying 2.8%-3.4% is correct for the 10 year and that means inflation will shortly be an old story.
I just hope the Fed's plan is to understand when the inflation threat is passed and not keep throttling down the economy.
this, for example. And we've all been reading about big inventory overstocks.
Carl Quintanilla @carlquintanilla Worst week for wholesale gas prices (-12%) since March 2020.
I'm selling millions of dollars of TIPS this week...the inflation story is ending, both on the supply side and demand side. The bond market is saying 2.8%-3.4% is correct for the 10 year and that means inflation will shortly be an old story.
I just hope the Fed's plan is to understand when the inflation threat is passed and not keep throttling down the economy.
this, for example. And we've all been reading about big inventory overstocks.
Carl Quintanilla @carlquintanilla Worst week for wholesale gas prices (-12%) since March 2020.
Janet Yellen, Joe Biden and others already told us that "inflation would be a old story." They said it would be "transitory." I am sorry, Agip, but we are not buying that crap anymore. We don't buy anything from this adminstration any more. I would even bet you that next month that inflation goes up rather than down. I am looking at a million-year high of around 9.5%. Everything under this adminstration is a sh*thole. Everything is in the tank. How can you still support this adminstration?