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Bernanke was the worst: Subprime is contained. There has never been a national decline in real estate prices. These people have no knowledge of economic history. You wonder what these academics were doing all day. I guess these people never heard of the real estate collapse of the 1930s which...

Why was the VIX lower most of the day when SPY was down almost all day? Only when the selling intensified did the VIX rise. Looks like there may be a short-term bottom coming soon. If you thought there was going to more volatility wouldn't you be buying puts yet the VIX acts like it doesn't...

Just as I thought, another fake rally yesterday. I mean really why would you buy tech stocks with a 11.2% PPI print?

I think that.s true but there is a very negative impact from the notorious Proposition 13 that disincentivizes real estate turnover since properties in California keep rising much greater than the 2% cap on real estate taxes imposed by Proposition 13. It is also the reason other taxes in...

You think the QQQ is going to drop to 167? Seems unlikely to me. I could see the pre-2020 March highs of 237 which is about a 35% drop from here. Seems unlikely for Apple to drop 50% although it is expensive at 22 times EBITDA right now. I agree that a lot of the non-FAANG in the QQQ are very...

More likely the NQ will just slice through 12942.5 from 3/14/22.

Remember YINN & YANG is leveraged to the FXI (Hang Sang) and not the mainland China stocks. For shorting YANG is good but for going long the indices maxinger stated are better. Or you could buy calls on ASHR or MCHI. MCHI was up 21% in one day on 3/16/22. YANG was down 64% on the same day. So...

Cathie Wood did another interview on CNBC at the ETF Summit in Florida I believe, and she said that going forward her fund will have a 50% growth rate. I doubt it will happen in the near term but maybe after the Fed cools down the inflation.

UVXY had an amazing reversal of fortune as well. 11% from the bottom to top. I had the 15 weekly calls. I did pretty well.

Markets are in trouble. That was an incredible reversal today. Nasdaq hi-low was almost 3%. I just don't understand why traders thought an 8.5% CPI print was good news to buy. Its baffling really.

At one point, yes. I was also up like 500 points on my other NQ short from 2 weeks ago. An interesting thing I noticed this morning was the VIX actually was higher at the open and then went down. Looks like a lot of people weren't convinced it was good news even at the open.

I knew it was a fake because near the highs in the morning XLU, XLRE & XLP were all up 30-60 bps that means its just scared investors buying overpriced bond proxies so they can claim they are still long.

I shorted the NQ at about 14170 at 0845 CST. About 15 minutes after the open. I was down about 100 points at the high but now it is actually negative now. Went from 14277 to 14000 and falling. I should add I've been negative on the NQ since April 1. That's when the 4 hour crossed below the...

2 months ago the RTX 3090 cards were selling for $2500-$4000 on the cash/eBay market. The prices have plummeted to near half that. That means nVidia has caught up with demand and soon may exceed it. NVDA is a sell for sure, just like the Radeon GPU maker AMD.

I guess 8.5% CPI is good news. It doesn't make sense. My guess is this is another fake rally. I shorted the open. So far it has done nothing but go down.

Isn't there a lot of space to build in western Australia? I always thought that was largely open spaces.

This Morrison guy is a real lunatic. The Aussies need bring back the ghost of Robespierre and the Reign of Terror for psychos like this.

Of course. Price action is price action. To refute it is suicide in this market. The Utilities, REITs & Healthcare all move in tandem at least since March. Energy is of course the king of all these trades still. The trade that never seems to end is the long fertilizer trade. Just keep buying...

The REIT and Utilities trade doesn't make fundamental sense since higher rates should crash these stocks, but investors keep buying I assume because there is no safe haven any more. Really the last safe haven is the US dollar. Higher rates should help the Financials but they aren't. Its a...

Unfortunately ChinaTech is uninvestable, at least in the US. Sooner or later all these companies will be compelled to move to HKEX. The sooner they move the better so the CCP can stop pestering them to death. I owned CWEB for a long time but I got out in time to at least make some money it...