More slaughtering except the one that matter.
Widening its lead 
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Plus, the prior two months were revised up. Next month will have the benefit of GM going back to work.
Meanwhile we have Pelosi who doesn’t care if impeachment tanks the market and Warren who wants to spend $52 trillion on health care. Bearish indicators.
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On any case, market is in its peak and likely go down whether impeachment process is there or not. Since almost 60% of earning completed, market has to go down from now.
Market is up on impeachment news! Medicare for all is another matter…yuck…
It’s up on this:
That and the jobs number was good.
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The market and the Chinese seem to think Trump will survive the Senate trial. I guess only House Democrats care about the Ukrainian debacle. I don’t understand why Trump bothers to weaken Biden. Harris wounded him in the first debate. Now he is in fourth place. Can’t debate and has no clue how to campaign. Looks like Harris is cooked too thank god. Betto is out. Spartacus is doomed. Bernie is the walking dead. Only Warren has good shot. Trump needs to find another Democrat to take out. He is very good at eliminating his competition. Maybe naked photos of Warren with a donkey. Lol
Nasty political campaigns are as American as apple pie. Trump will not pull punches especially after impeachment.
- Election between presidential candidates John Quincy Adams and Andrew Jackson was nasty and bitter and involved extreme accusations.
- John Quincy Adams accused Andrew Jackson of murder while serving as a military officer.
- Andrew Jackson accused John Quincy Adams of having been a pimp while serving as a diplomat in Russia.
- Lurid accusations circulated by handbill and in partisan newspapers.
- Jackson won the election of 1828, and his administration got off to a bitter beginning when Adams refused to attend
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Only joking about the market impact 
…and trying my best to stay apolitical.
Biden was the target because he is the only one moderate enough to stand a chance in the general election. Trump is corrupt but not stupid. The socialists are hurting the party and don’t stand a chance.
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The lowest common denominator isn’t always something to aspire to.
Who was the last president to solicit help in an election from a foreign government?
There I go…getting pulled in again, just like I said I wouldn’t. 
Sic semper tyrannis.
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I thought Biden was a viable choice. He is a terrible campaigner and speech maker. His only qualification was that he is a moderate. Even Mayor Pete is a more viable candidate. The Democrats need to dig deeper, parade out Hilary or Trump will win. In fact he will brag about being impeached. A red badge of courage.
Load up to the brink, Ed says melting up soon, huge Christmas rally 
♂
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It seems crazy, but it’s 1% of the portfolio. I honestly usually have 1-3% in puts, but I’m net long by a wide margin. We’d have to know their net position to know if they are bullish or bearish.
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This is hedging against market fall.
They have $149 Billions investment in various companies. If there is a stock drop say 10% or more, their net worth comes down to $134 Billions. If we are big investors of bridge-water , we do not like see our net worth down in Ray Dalio funds and pay commission to them, we will start removing the money.
To avoid draw down in case of stock drop, Bridge-water places put bets on their holdings in case of possible downtrends with 1B.
If market does not fall, they lose 1B, if it falls, they holdings go down, but puts value increase hedging the price drop. At bottom (if it falls), they can sell puts and book profits, and then market eventually comes back to normal.
If the sell investments buy later, it results big taxes, but hedging is the way to tackle market fall.
Take the case of hanera he can not sell his AAPL incase he expects AAPL to come to $200, but he can buy puts $200 with 3 months strike time.
In essence, if WSJ is true, bridge-water expects a likely downfall and tries to protect their investment using hedge puts !
There are various ways to hedge against market fall and many hedgefunds does this !
I read somewhere that the big investors take several months to change their position. Could they be hedging their position while slowly trying to exit the market? I remember some of my office co-workers lost tons of money in the options (they were doing some complex iron condor on RUT, betting value of the index to stay in a range) as the stock went way out of the range during 2008 crash. It took them a year and a half to rebuild their positions. I understand the Options can provide some safety if the market swings are only within a range. But, if the market plunges, I do not know how much of the safety can come from shorts, puts, and inverse funds.
In the hindsight, I feel I would have been better off not seeing all that because that made me afraid of markets for a long time to come.
Could be. Many articles saying rich guys are selling into the market and increasing their cash holdings while retail investors/ traders are increasing their positions.
Don’t like iron condor. Win a little, lose a lot. Though high probability of win.
Prefer butterfly. Win a lot, lose a little. Though low probability of win, like buying a lottery ticket.
Can make any kind of positions with options. From very conservative to very aggressive. For example,
Short (naked puts) = Bullish - Very risky.
Short (secured) puts = Earn some pocket money or acquire shares cheaply (secured with cash)
Long (naked) puts = Bearish (didn’t own any shares) or as protective hedges (when you have the underlying)
Long puts: Depends on date of expiry and strike price.
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