unusual_whales @unusual_whales OpenAI's ChatGPT has reportedly predicted that the stock market will crash on March 15, 2023, per BI. 9:51 AM · Feb 16, 2023 · 4.3M Views
I'm thinking we'll really tank in the morning...people are going to throw in the towel with yet another fail to break above the 200 day plus widening cracks in banking system popping up.
I'm going to eliminate my junk bond position - have to think bond spreads will widen now as people rush to own treasuries and recession fears grow.
So the new question is if the thesis has changed. Are we in for a period of credit tightening from banks, given the financial crisis? If so, earnings will fall more than expected and probably with them, stocks. hard part is that lending standards are hard to measure. what does well when banks don’t loan much? Big companies with no debt?
Bloomberg reporting the same. Like I said earlier, they ( and other small banks ) have the wrong collateral for the Fed's new facility. A lot of loans but not much treasury and GSE's securities. Saw a couple of days ago JPM had provided assistance to FRC, wouldn't be surprised they end up buying and picking up loan portfolio on the cheap.
Sp500 banging its ugly head on the 200 day again. only half a percent below it now.
Most likely resistance will hold and the market will fall back, but who knows. With tech rampaging...there is no better market leader than tech. Ride'em.
Going the other way, selling some small cap shorts, adding to tech and semi shorts.
Igy, just curious ... how would you characterize your investing philosophy in a nutshell? I know you are probably more conservative than 20 years ago but would be interested in your overall investing philosophy.
Going the other way, selling some small cap shorts, adding to tech and semi shorts.
Igy, just curious ... how would you characterize your investing philosophy in a nutshell? I know you are probably more conservative than 20 years ago but would be interested in your overall investing philosophy.
Igy, just curious ... how would you characterize your investing philosophy in a nutshell? I know you are probably more conservative than 20 years ago but would be interested in your overall investing philosophy.
In a word, "permabear."
Permabear is more his sentiment on the market long term. But his investing philosophy is much more complex than that.
Permabear is more his sentiment on the market long term. But his investing philosophy is much more complex than that.
You can't short all the time because you will eventually go broke. The market DOES RISE and rises with consistency over the long haul. Anyone going short all the time is going to lose his or her shirt or blouse.
Sp500 banging its ugly head on the 200 day again. only half a percent below it now.
Most likely resistance will hold and the market will fall back, but who knows. With tech rampaging...there is no better market leader than tech. Ride'em.
good god we are above the 200 day. This crazy market.
if we close above it that would be amazing.
It's just alternating days of terror and bliss.
Maybe we buy if the market is up in the morning and sell if the market is down in the morning. Crazeballs.
We've updated our BetterRunningShoes.com web site to make it easier to find good deals on the best shoes. To keep it great we need new shoe reviews from you.