I knew right away on Friday morning that there was something very FISHY about this May 2020 jobs report. Just did not ring true.
Within 3-hours folks had spotted the error.
Did YOU know about this error?
Trump sure did NOT mention it. Numbers are NOT as good as he was making out. They were 3% worse.
You better check it out.
Check Category ‘Investments’.
WOW! Talk about historic. Oil futures going BELOW $0.00. Oil prices, albeit in a futures contract, going below $0.00. Down to about -$32. Yes, MINUS $32.
Well, you don’t have to be Einstein to work out that they can’t be below $0.00 forever. Right?
Yes, short-term they might go down another $20. But, oil can’t stay below $0.00.
As some of you know I am a very active trader & investor. But, I have NEVER done oil before. Knew NOTHING about oil. 90% of what I do and what I have done is my sphere of experience/expertise high-tech. But, I am also uniquely equipped mentally & with the technology to do deep-dive research. And that is what I did. Flipped that magic-switch I have. Had my brain going in overdrive. Didn’t take long to work out what ETFs I needed to buy.
I had a fairly large stash of cash sitting on the sidelines just for an opportunity like this. SMILE. I pulled the trigger. No pussy-footing. I went in BIG. SMILE. V. BIG. Large trade. Now I am just going to sit back and wait. As oil demand comes back — as it has to FROM TODAY — I will be smiling even broader. This was insane.
So EASY. I am still smiling.
Those Who This Morning Thought Markets Would Close Up Deserve To Lose Everything They Did — And Why Is ‘Ferrari’ UP?
The mentality and acumen of many of my fellow investors amaze I!
Why would you think — on a FRIDAY — with New York & California closing down, that THE SMART MONEY (and yes, I do count myself among those (SMILE, SMILE)) would go LONG into the weekend. [‘Long’, meaning without taking risk off the table.]
That is not how it works. Smart money is risk averse. They are NOT going to get caught short over the weekend in case things really start to unravel. Best to unwind position and keep your powder dry for Monday.
All that said, I am LONG — and have been for 20-years! But, I am SMART MONEY.
I knew that we would close down today. Had to. If we hadn’t, I would have despaired.
I am keeping an eye on Ferrari.
Now, in the case of Ferrari — I did sell! I had owned Ferrari for YEARS, since it was spun off from ‘Fiat Chrysler‘ in 2014!
I will buy it back — later in the year.
But, why is it going up NOW?
How is rushing out buying cars right now.
I feel bad for the stupid money. SMILE.
There is a so called ‘dead-cat bounce‘ of stock markets. To I this feels different. I would NOT be surprised if it does not fizzle out by this afternoon!
That is why I am calling it a ‘dead-virus bounce‘. Different characteristics.
We are a long way from DONE. This virus will continue to wreak havoc for months. The market will NOT like it. We still have a ways to go down.
So, do NOT celebrate. Do not become complacent. Nothing to cheer here.
Those Who Sold Amazon (AMZN) Stock Last Week, On Coronavirus Fears, Are STUPID And Don’t Deserve To Own AMZN.
The Coronavirus is GREAT for Amazon. Jeeeez!
Think about it for Christ’s sake.
People don’t want to go Walmart, the Mall or their supermarket. They are going to stay at home and order ONLINE — from, guess who, Amazon.
I was telling my daughter to BUY AMZN!
I don’t need to buy AMZN!
I have owned AMZN since 2014. SMILE. Not selling anytime soon. SMILE.
I am GLAD the stupid investors are out of AMZN. I can’t abide stupid investors. Good riddance. Leave AMZN for the seasoned pros like I. Thanks. SMILE.
I was long 2008 to 2012. No reason to NOT be so now. Thanks. SMILE.
‘Fractional Shares’ (A.K.A. Dollar-Based Investing) In The Likes Of Amazon Is A Wonderful Innovation.
Great innovation and I applaud the financial institutions, like ‘my’ Fidelity, scrambling to make it a reality, pronto. No, I am not in need of fractional shares. SMILE. At 66, after 40-years of active, non-stop investing (i.e., I have always been in the market, without fail) I can afford to buy full shares of stock I want and even maybe in the ‘customary’ blocks of 100.
I am happy for ‘kids’, new comers and those that missed out on the likes of AMZN when they used to be cheap. I am a great believer and advocate in investing. I encourage kids to invest and tell parents to get their kids invested. Yes, my kids are invested. SMILE.
Fractional shares are a GREAT. Love the concept.
40-years ago, in the U.K., I got started in UNIT trusts. Bit like mutuals, but if I remember right, with no minimums. You bought units.
Yes, of course, you can buy into the likes of Amazon, Google and Netflix, by investing in the right mutual funds or ETFs. But, it is not the same as having a skin in an actual SHARE of stock. Gives own a sense of ownership. I love owning Amazon. When I buy from Amazon, it is like buying from my own store! SMILE.
I hope a lot of ‘kids’ — even those in their 20s — gainfully exploit this opportunity.
It is also good for us shareholders. SMILE. GRIN. It will drive up share prices. SMILE.
I hope fractional shares are NOT going to be restricted just to mobile APP transactions. That would be stupid. I should be able to buy fractional shares on the Web.
I checked my Fidelity APP. Couldn’t see fractional shares on it. I am going to call them up tomorrow. I will let you know.
I got three of these!
I called Synchrony Bank. Multiple attempts. There phone lines are ‘down’.
They confirmed that this was an ERROR.
I should not have got these e-mails.
So, IF you were NOT expecting these, IGNORE and get on with life.
Hope that helps.
Search on ‘Synchrony’.
Yes, I am an frequent, avid and compulsive trader. Yes, I did three four trades today. Fidelity has me ranked and classed as an ‘Active Trader’ in that, per their records, I do more than 150 trades a year. BUT, I would be FINE, just fine if the stock markets were closed on Veterans Day. There is no need for them to be open. The global financial world would NOT crumble if the NYSE & NASDAQ were closed for two days in November — the other, of course, being Thanksgiving.
I am surprised that this has not been dealt with before. Time for this to end.