Gregmal

Sold a few qqq puts and added to dis and joe at the open

Haha yea I saw the notification on my phone that you quoted me and the question was purely market related so I didn’t notice the thread. But anyway. Answer is the same. If you pay attention to individual stocks it was an obvious top. Scams, fads, spac, COVID beneficiaries, ARKs, meme stock, basically all the darling stuff. On top of all the people who got crushed shorting or who wanted to short but were too chicken shit scared harping on about “you can’t short this market”…That’s where it peaked. Most of those stocks probably never seeing those levels again. I ve never really used or followed the indexes as any sort of reliable indicator of anything. Who cares where they trade? Especially now where they’re all the same shit. If you’re waiting for them to go down some magic % as an indicator to buy…..individual stocks! That’s a poor indicator.

If you’re an index buyer then the last thing in the world you need to be doing is worrying about making macro calls and tops and all the shit. And if you’re a real investor or trader than you know exactly why it was the top.

Yea thats what I need to get to the bottom of. I actually dig the locations for the most part. But its the hair that I want to make sure I feel like dealing with. Complexities with tax/ownership/incentives/etc are like the worst things in the world to deal with if you dont fully understand, at least IMO. When all those become a problem its probably easier top just day trade pump and dumps LOL. But again, I dont know how this all fits in here. Its a very interesting situation for sure.

Anyhow, to avoid disturbing the peace or having @Parsad inundated with "please silence him" messages from the brittle, I will make this my last post in the thread. The thread fittingly called "the top is coming". After being one of the first folks here to actually call the exact top on the market back in January of last year. Right before the crying crowds got me a ban for calling Cuomo a liar and creep. Ahead of the curve there as well it seems. Cheers.

@KCLarkin The threading of politics and investing has been integral to excellent risk/adjusted returns over the past 2 years. The majority of people I know on this board have been able to capitalize on this. How have you done? I would just hate to have people who are bitter about being so disastrously wrong and ultimately part of the reason this current situation has been able to unfold stifle discussion relevant to investing. I mean even a monumental shift in regulatory scope applied to big tech has changed things. Such as with stupid shit like GOOG and FIT or now MSFT and ATVI. Would you suggest we censor talk about that stuff too? Cuz lots of people here are big time dip buyers on big tech...go look at FB....should we go back to the echo chamber? Or eliminate the people who have gotten it right in a big way and have the returns to prove it in leu of appeasing those that simply dont want to read or be accountable to I told you so's?

Appreciate the lead and input/head start on DD. Cheers

My understanding is that with the OZ stuff(probably more so citing things Ive heard about non traded product) is that the fees are something to watch out for and also the development risks. In other words these are almost always in bad areas that collapse if the wheels fall off the economy. So you have tax efficiency but you also bear risk and carry less than stellar properties while being charged high fees. Is that valid here?

Sold most of my NFLX puts. Dont think its bottomed but with volatility expensive and my portfolio already quite conservative figured there's easier fish to catch.

Have to look at it. Been extremely lazy last few months since I was going on vacation and figured the market was gonna struggle to start '22. Then my biggest position got bought out. So my fucks to give arent quite there and due diligence efforts have been lacking. That said, I did just grab a handful more PCYO.

Further kinda putting the absurdity into context, look at the map, and then look at the areas in question. Outside of 1) areas basically being pro Russian and a continuation of Russia, you ask 2) how does this concern the US? I mean these regions are more Russian than Alaska or Hawaii are a US territory but who’s counting? But hey at least now we have an excuse for the high energy prices! Damn darn commies!

There has been obscene amounts of money, with virtually no risk, made from paying attention to the political angles. Yet, there’s still people willfully ignoring them or not wanting to hear it. Just in the last year we had inflation-No!!! They told me it was transitory! Who? Lol the idiots? Energy-we need to save the world! Or…no you can’t just stop drilling without creating an energy crisis. housing- people really don’t want to leave high tax, shit weather, COVID lockdown places for great weather, low/no taxes, pro business and no authoritarian government? Please covid- it’s going to be here forever in some regimes and it’s been gone since July 2020 in others. Take your pick right now it’s a pretty ugly outlook for the markets IMO because the party in power is retarded bordering on deliberately incompetent and the party holding all the cards has every incentive to let things get ugly until November. But hey, position however you want.

I absolutely hate gold but I like money and the setup Q4 into 2022 was a good one. Would be surprised if it doesn’t continue.

Got gold?

The Carl Icahn doc on HBO is pure finance porn. One of the best I’ve seen.

Yea lets see NFLX do that. Anyone want to live in Albuquerque?

I think it kind of comes in waves. Inflation is awfully popular in terms of narrative right now. A year ago all we heard about was transitory. Now its here and accelerating and never going away. These pundits and talking heads generally happen to be laggards and I do think we're probably going to see this peak in the near future. The two big things IMO are shortage of good which will go away as people stop using covid as an excuse to shut down, and labor. More people will work if you pay them more. Companies can definitely afford to. And if not, be more receptive to immigration which I think the current administration can do. I would be less optimistic if an anti immigration republican was in there right now.

Yea financial people I talk to are generally surprised when I admit I haven't watched CNBC or Bloomberg TV since maybe 2015. Theres many other ways to get info from the world and sift through whats relevant and useless/useful. In the US/North America people have this awful tendency to take hook, line and sinker what suites them. If they are, lets call it "anti chicken noodle soup", its amazing how many folks go get their news from places that have an "anti chicken noodle soup" agenda, and then when they get headlines or stories that shit on chicken noodle soup, turn around and cite those sources to others as "facts" and reasons to say I told you so...and then more often then not end up being wrong and yet go make the same mistake again the next time theres a story about chicken noodle soup.

Both Putin and Ukraine folks said the invasion talk was hysteria. Some “US sources” said it was happening any day now. While I don’t think either outcome is all that material to the markets, is there a point where we start throwing these US news peddlers and information sources into the same camp as the experts who give us polling numbers for the elections? Seems the biases really get running here and just like with some politicians, any time an anti china or anti Russian story can get a reaction, some jerk off throws it out there. Then when they get called out it’s an “honest mistake” LOL or they some how insist they were right anyway. It’s not even worth paying attention to most news sources at all anymore. LG at Cleveland cliffs said it wonderfully on the last call. We haven’t been an iron ore company for years but some jerk off substitute teacher on cnbc called us one yesterday and used it as his reason for selling the stock.

This thread is definitely dunzo LOL. But then again, the title is “the top is coming” and that happened a year ago. New thread topic suggestions relevant to ongoing discussion could be “how to make a fortune off crisis”, “the situation in Ukraine” or “I got duped into voting for Brandon and he just made things worse”. The later could potentially be in the politics section.

To be fair Eric, you can undo everything the previous guy did, including creating an overnight border crisis for virtually no reason, but your hands are tied on this? If his job was to “fix” everything the last guy did wrong, which is what all the experts told us he would do, how come he fucked up everything that was done right and left in place the stuff that needed fixing?

Eh if nothing else’s there’s just been a cold dose of reality and I told you so poured on folks. 4 years of fabricated crisis vs one year of real ones. Even COVID, it was what you made of it and certain states with certain policies thrived while other places with other policies did awful. Proof is in the pudding.

Currently about -50% but a good chunk of that is PSTH and the like and also a bunch(~low teens %) of options/derivatives hedging the market.

Hung over after a long night fishing and just in general don’t want to get into too much detail as it’s probably insensitive to a degree(if not already, oops), but I do have some friends and family but probably most impactful to the 5000 mile away opinion is a bunch of investors I’ve worked with in the past decade. Lawyers and politicians from not just Ukraine but places like Estonia, Serbia, etc. Had a few in St Petersburg as well, both English lawyers who took 3x the pay plus the substantially lower tax rate to leave London. And the prevailing consensus is that it’s far from the Ann Frank/yellow star stuff often described like in the post from Viking. Eastern European culture is very different from American culture and Russia/Ukraine or even many of the other old USSR places is sensitive but more akin to politics here in the states vs life and death, freedom vs slavery. Russia isn’t going to overtake Ukraine and kill all the men, rape the women, and brainwash the children. It’s more a pride and security thing and Russia believes Ukraine was stolen and as someone else already mentioned, I doubt the US would take well to meddling with Mexico or Canada which is exactly what EU and US constantly do. It’s more complex than the tabloids and MSM on either side will tell you cuz everyone is telling sides to the story not the whole thing. Anyway, just make money from it LOL. Hoping to get around to BG and CF soon. Both look cheap and nicely setup.

Most of the energy and commodity assets globally are in hands that benefit from rising prices. Look at the oligarchs. Mining and infrastructure guys. No one’s messing with that. They’ll sell to the stupid American institutions that won’t touch XOM right now because it’s a bad look for their green mandates. Cycles are awesome if you get them right.