Indices & ETFs

Love zero hedge. Especially pointing out what an asshole Musk really is.




Peter Schiff
@PeterSchiff

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10h

Answer: 35%. Question: By what percentage has Tesla’s stock price fallen and Bitcoin’s price risen on the one-month anniversary of

@elonmusk

's announcement that #Tesla spent $1.5 billion buying Bitcoin? A great result for #Bitcoin

. The opposite result for Tesla shareholders.

🍆

Apple revenue is more in service side. and no one knows actual sets sold. so stocks cap relative to revenues is overvalued.
Samsung already passed $200B revenue. Huawei building its own app store These two firms have alot depth in R&D in hardware. They can withstand trade and tech wars better.

Huawei? You mean the pig farmer?

Instead of app store, maybe it should do a sausage store?

:rofl:

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Don’t understand your logic. Short-term, innovation doesn’t matter, fundamentals don’t matter.
Long term = weighing machine i.e. fundamentals, innovation matters.
Short term = voting machine. That is, beauty contest :slight_smile: RHers think is UP it will go UP.

Don’t understand the implication.

There’s massive money to be made in automating old-economy industries. US agriculture is ripe for it too.

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Feel good today until I remember my avg purchase cost is $96 :sob:

a

you just need another day like today then you will be rolling in the dough.

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I did start buying this morning. Not index, just BA, TDOC, SQ, etc entry positions.

I’m going to wait bond auction result though for more aggressive buying. The result from this started the bond tumble few weeks ago, causing stocks to tumble. If this auction can hold the bond/yield, the ATH high in bond short could get a squeeze up, tumbling the yield…stonks go sky high.

“The Treasury department is set to issue $120bn of new bonds beginning on Tuesday, selling $58bn of three-year notes, $38bn in 10-year debt and $24bn at the 30-year mark.”

https://www.ft.com/content/33982720-b9cf-4b59-a0f5-fa400c62b7c1

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Are you sure what is happening in real world rather than virtual world.?
Huawei is still opening stores globally and some them of are really big compared to that pint sized Apple stores. I dont see that big physical stores from Apple any new additions.
Huawei has pretty much cleaned up Cisco. It is moving towards Servers and data centers now. built up huge eco system of software developers. Next in line is Lam research and Applied materials than ASML. as i said you dont need high end phones when working from home.

The minister came for store opening.

when is the bond auction result. there is paywall.

I think today was the 3 year (read somewhere it went well). Wed is 10 year (critical i think) and Thur is the 30 year. :pray: I think it just need to hold…sudden move is what’s causing the panic.

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if tomorrow’s auction goes well for 10 yr bond, would the rate fall below 1%?

:man_shrugging:

I think if it can stabilize or go a bit lower, that’s all is needed for a sustained rally in stocks.

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He is saying SPX would dive 2mrw.

Why? Still in wave four… look me is a Primary degree type… Wave four is notoriously difficult to read… read whatever you want to :). For SPX, have the same Primary degree wave 4 count :slight_smile: … upon comparing his chart with mine, identical count, hurray! My counting wasn’t bad… just my trading skill is crap. For QQQ, my interpretation is in Intermediate degree wave iv, one degree lower than his Primary degree.

Gave a good advice… I should have sit out after SPX wave 3 top/ QQQ wave iii top… next time :sweat_smile: or push myself to be more nimble?

Screen Shot 2021-03-09 at 4.06.08 PM

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Maybe i misunderstand. I read the tweet as saying stuff that the market is going to continue going up till mid-late march then correction will continue then a final rebounce to the blow off top

His language can be misleading, look at his chart.

Started coming down half an hr before market close, will continue to go down till mid Mar, re-bounce for a few days, resume decline to sub 3700 around late Mar. Then wave 5 begins :+1: His estimated target for wave 5 is 4100+, my computation indicates can be as high as 4300… not higher.

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Optimistic count for QQQ

Beware of the bearish count… already peak… real massacre is about to start…

Screen Shot 2021-03-09 at 10.16.02 PM

seems like auction went well?

Yes, I believe so and TLT looks like it may break out soon. I started buying but very selectively. I still think some downside risk or just sideway action. Added a ton more BA this morning. Just been adding GBTC (bitcoin) a lot last few days. I like it better than TqQQ for odd reason and seems safer. :exploding_head:

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@manch

Remember I told you most fifth wave of an impulse is a blowoff top, sometimes is a whimper? Panda just posted a case where the fifth wave is a whimper… slope of wave 3 is less steep than wave 1 and fifth wave is a whimper.