https://twitter.com/preneh24/status/1619889507133976580
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I know you won’t tail my hockey so here’s one for you Sonatine and Tellafriend.
Hedge Funds Boost Treasury Shorts to Record on Rally Doubts
https://finance.yahoo.com/news/hedge...014201991.html
Shorting bonds is a bet interest rates are rising. That’s kinda the conventional thinking… rates rising. Me included. Except EVERYBODY IS SHORT and the trade is crowded.
We always want to take the most money from the greatest number of people as quickly as possible. Can you say, squeeze/short covering? A rush to buy bonds to cover puts upward pressure on bond prices. Which means interest rates fall which means folks shove all-in on assets (again).
We have Fed Powell tomorrow - to cut or to raise?
I’m just pointing out a very lobsided position not seen since 2018. It’s not a forecast by me so much as schadenfreude if something unexpected happens…. you wanna know why and be ready
Trump hounded the Fed to ease last time we saw this in 2018.
Given the recent rally in stocks someone needs to get hurt. You decided, stocks or bonds.
Fun stuff. Great game
True story. Fired up “Diamond Hands” that I have recorded on betamax. Seems like a million years ago. Started to hyperventilate. Will watch the whole thing again soon.
$TSLQ down 47% on the year
Elon Musk always gives subtle hints that he is gonna dump stock. I believe he sold a bunch today:
https://twitter.com/elonmusk/status/...566406144?s=20
Fib-wise the .382 retracement was about $140’ish and .618 was $180’ish. We were supposed to sell calls todayQuote:
Originally Posted by Small_Banana
Island tops
Interesting you say this about Musk.
Wow, Tesla over $200. They have an inverse Jim Cramer ETF, wish they had one for Sonatine. I would be a billionaire. Especially with his botched BTC donkdown call when it was $250/coin.
The psychology here is interesting.Quote:
Originally Posted by Small_Banana
2024
Wow, TSLA over $100?
Wow, BTC over $14k?
Roll the charts back.
That’s what makes a market.
Could Sonatine have forecast QE and GME /wsb? Wish he could but he gives this place juice.
This is insane. I did some Tesla puts a couple days ago, and now it has popped to $208 and hey are instantly worthless. It is actually amazing how every time I do an option the stock dramatically goes the other way within a couple days and it is instantly worthless.
I have 4 rules when it comes to the stock market:Quote:
Originally Posted by Kalam
1) stay away from Chinese stocks
2) stay away from biotech stocks
3) stay away from gold mining stocks
4) stay away from options
I’ve been buying FLL, it’s a gaming stock but I’m buying it because they’re going to get bought eventually. I have about 1,000 shares with a 6$ cost average, I buy some every two weeks though. I would like anyone’s input, maybe I’m wasting my money, I’m not sure
So you are saying short Alibaba? Just kidding. I get it, I am probably not going to beat the market trading options. But I really have to lose 100% of my investment every singe time I try it??? Shit, even slot machines let you win every once in a while.Quote:
Originally Posted by Small_BananaI have 4 rules when it comes to the stock market:Quote:
Originally Posted by Kalam
1) stay away from Chinese stocks
2) stay away from biotech stocks
3) stay away from gold mining stocks
4) stay away from options
my guess is that when elon finally hits his stop loss on twitter, he will try to go full murdoch and buy failing news / media / msm outlets and (once again) try to middle man the right wing dunce cult echo chamber to somehow turn a profit, because he will have fired everyone who already told him that there are a dozen established right wing fud factories competing for every single penny on the felt.
Grimes was on Lex Fridman
She’s been a fixture in your Musk screeds and obviously responsible for Musk’s decline. Yet all I know about Grimes is what you’ve taught me sur.
I’m going to need some kind of chemical assistance for strength before I listen. Fridman AND Grimes - I just can’t right now.
Quote:
Originally Posted by Sanlmar
kind of OT, isn't the financial worry over him buying an overpriced twitter a non-starter given just how much money he is rightly going to make when Space X goes public?
he really is a gift for humanity.
I listened to him interview her like a year ago. Idk if she’s been back on. Shes like an enthusiastic 20 year old, despite being mid-thirties. I got the mid-life crisis appeal for Musk after listening and watching. Basically a cute girl who hangs on your every word. Lex indulged her. I recall they were talking about the Rise and Fall of the Third Reich and she was mindblown he had read it, like it was some hidden gem, and she seemed 14 years old. A lot like realizing your dad is familiar with Orwell or something similar the first time you stumble upon it in junior high.Quote:
Originally Posted by Sanlmar
You’ve got deep problems if she could be your downfall at his age.
Cute, enthusiastic, with all the seriousness of a college freshman. Frenetic amphetamine-fueled ramblings and curiosity. Likable enough, but just seemed like a kid 15 years younger than she is.
lacking a better spot for this to land, i will place this video here. If you have the time to watch this through the end, it is well worth it.
https://youtu.be/ZwTps0flvrk
Why wait for the fire department to arrive at the crash scene to try to put out a lithion-ion-battery-fueled inferno when you can instead crash right into a firetruck?
Still god.
No one wants to deleverage either. Not really.Quote:
Originally Posted by Tellafriend
They raised rates to cause a slow down and QT to return the dollars printed over 15 years.
As a logical result banks are reeling. When a bank disappears those dollars disappear from the system too. Never to be seen again. Success.
Instead you get this. $300b pop …. Wake the QE /wsb kids. Stupid is cool again.
If the Amazon warehouse guy loses his job that’s pain we can live with. Him being hungry and voting for Trump is a “soft landing”.
The Fed has no greater insight or will regarding finance than you or I. Don’t doubt your forecast
There is a fresh Frontline documentary “Easy Money”. Highly recommend getting a six pack and some popcorn on the way home from work and curling up. It’s elementary but entertaining especially because of the nostalgia it offers guys our age. Guaranteed to please.
Our once radical attitudes are becoming mainstream.
We are still fucked tho
Jerome doing his thing.
Thank you. Was nervous
OMG.
You on this Sonatine?
Quote:
Originally Posted by Sanlmar
lol hit 3.5 points on $es_f before 9:25 and called it a day.
https://www.youtube.com/watch?v=en5YRCvppIA
Jerome said enough for my TQQQ calls to spike and I got out before they dropped 50% from the top. My Wealthsimple fake deposit freeroll is complete. net +409.50 plus whatever profit i can muster from my TSX-v listed GBRC. currently breakeven on it.
if i wasnt paying 2 bucks per contract id have made another 700 this week easy, as i put in decent volume. ugh.
Quote:
Tellafriend: you think i still work?
Judging by your intelligent approach to markets and life this really was a foolish and poor turn of phrase.
No insult intended
Bear markets are amazing. People keep doubling down. Good for fighting inflation as capital just vaporizes into nothingness.
CNBC folk hero Cathy Wood and ARK. She got famously crushed post pandemic then doubled down. She’s no spring chicken either. She should know better.
She was kind of a hotty in her prime. Lost her money and her looks
Coinbase (COIN) $66.30 -10.84
SEC moving on them
Square (Block) $61.88 -10.77
Accused of inflated metrics & skirting regulations
perhaps my favorite contribution to this thread:
https://twitter.com/zerohedge/status...711553550?s=20
I don't know where else to post this, but thought it was funny(sorry if posted somewhere else)
Linus tech tips(lefty Canadian computer nerd) youtube channel hacked and elon musk bitcoin scam attempted
and memes were made
solid day today, got in on that Silvergate pump. Quick GME calls scalp was nice too. wealthsimple fake deposit freeroll v2 is underway. did the max 5k CAD, +750ish for the day. when the deposit bounces, they just take it from the trading acct. its god. instant deposit credit is god.
diary thread aka premium content posted just now over on redactedments.
Tellafriend: you think i still work?
My personal role model.
Quote:
Originally Posted by SanlmarTellafriend: you think i still work?
My personal role model.
a gentleman and a scholar
gin and tonics are kinda disgusting though can we pivot to a sunkist zero sugar and some 99 proof pineapple vodka like civilized people
I mean lets not erase history people but can we sprinkle in a diet dew to that afternoon routine my god A DIET DR PEPPER PERCHANCE ROALD?
also this drink i just invented with the diet sunkist sounds spectacular will report back tomorrow if i remember