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Just Making Sure That YOU Know That The Much Lauded May 2020 Jobs Report Had A 3% Error In It.

by Anura Guruge


Click for full article.


Google for MORE.


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.


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by Anura Guruge

I Became An Instantaneous Oil Futures Stock Trader This Afternoon At 2:30pm.

by Anura Guruge


Click to ENLARGE & ADMIRE.


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.


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by Anura Guruge

Those Who This Morning Thought Markets Would Close Up Deserve To Lose Everything They Did — And Why Is ‘Ferrari’ UP?

by Anura Guruge


Click to ENLARGE. Of course using base material from ‘MarketWatch’.


Click to ENLARGE. Again from ‘MarketWatch’ — where else?


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.

Very strange.

I feel bad for the stupid money. SMILE.


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by Anura Guruge

Don’t Get Too Carried Away With Today’s Dow Up 700-Points; I Am Calling It ‘Dead-Virus Bounce’.

by Anura Guruge


Click to ENLARGE. Chart from ‘MarketWatch’.


Click to ENLARGE. Chart from ‘MarketWatch’. See image below for yesterday’s post.


Click to access yesterday’s post.


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.


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by Anura Guruge

Those Who Sold Amazon (AMZN) Stock Last Week, On Coronavirus Fears, Are STUPID And Don’t Deserve To Own AMZN.

by Anura Guruge


Click to ENLARGE. AMZN ‘quote’ from ‘MarketWatch’.


How STUPID can you be? Selling Amazon on fears of the Coronavirus is beyond stupid. It defies credulity.

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.


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by Anura Guruge

‘Fractional Shares’ (A.K.A. Dollar-Based Investing) In The Likes Of Amazon Is A Wonderful Innovation.

by Anura Guruge


Click to ENLARGE. From ‘Fidelity’ no less.


Click to ENLARGE. From ‘Interactive Brokers’.


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.


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by Anura Guruge

Time, Methinks, Given Geopolitical Bedlam, To Get Into Some Long/Short Mutual Funds.

by Anura Guruge


Click to ENLARGE. From Fidelity.


I do not have the temperament, the patience or for that matter the essential cahoonas to short stock. I also REFUSE to have ‘margins’ on my trading accounts. I will only trade using my money. SMILE. So, in 40-years of active trading, some of it manic, I have NEVER shorted a stock. Yes, I do do options, but yet again, straight uncomplicated (but creative) CALLS. I am not greedy. I have been doing this for a longtime and in the last decade or so hit my stride. SMILE.

Well, I am still going to stay LONG this year — irrespective of what transpires.

Given that I have stayed long for decades, I am not about to suddenly change my philosophy to trading. PLUS, given how long I have been long — on some ‘decent’ stock (like say ‘AMZN’) — there is really no reason for I to panic.

But, over the weekend long/short mutuals came to mind. I, as is my wont, did some extensive and frenzied research. Yep, they seem to make sense. I do NOT plan to put much in them. Probably not even 5%! In a way they are but a diversion.

Anywho, I just wanted to share my thinking & research, over the weekend, with you — as I am like that. The two mutuals identified above look ‘OK’ to I. Both have ‘higher-load’ variants — hence why you see them basically twice. Check them out if YOU too had been thinking about long/short mutuals.


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by Anura Guruge

Stock Markets Being Open On Veterans Day Is Insulting — There Should Be Legislation Against It.

by Anura Guruge


Click to ENLARGE and be enraged. From “Investor’s Business Daily”. Google for plenty more.


This is just plain wrong. There is no reason or rationale for this. Schools are closed and it is a Federal holiday. But, the stocks markets are open. That is a travesty.

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.


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by Anura Guruge


 

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