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US tech looting through taxes might be starting sooner than I anticipated https://www.cnbc.com/2020/06/18/us-pulls-out-of-talks-to-tax-tech-giants-in-a-blow-to-europes-plans.html Europe should start soon and US is pissed because they want to be the ones to collect the revenue. Huge budget...

Why? This did not happen in Japan even though they had and are expected to have ZIRP until the end of time. Japan stocks are actually cheaper now than they are in the US, even though they were in ZIRP for much longer I'm all for betting on bubbles, I like doing that. Before covid, and I...

Here is an ugly truth some investors dont seem to realize, in one hand they say "its ridiculous to own the 10y treasury at 0.6% or the 30y treasury at 1%" on the other hand they say "stocks are cheap relative to interest rates". Both of these things dont go together because if you are long...

The economist magazine wrote an article about this twitter war https://www.economist.com/finance-and-economics/2020/06/04/is-there-a-role-for-options-insurance-in-equity-portfolios

https://www.economist.com/finance-and-economics/2020/06/04/is-there-a-role-for-options-insurance-in-equity-portfolios

"Hard" assets aren't that hard when the government takes it away from you without proper compensation https://www.wsj.com/articles/argentine-farmers-president-clash-over-government-seizure-11591874486?mod=hp_listb_pos1 tag: argentina, hard assets, robbery

As for my performance I'm down roughly ~-4-5% on the year

My USD exposure has been coming down and I plan to reduce it further should the dollar index lose the 95 and 90 levels. I still havent decided which currency to go to though

Portfolio update

Yes and a potential way to play this is through long-term OTM QQQ calls. I might even join you if there is some kind of correction for better entries. I would avoid ETF or stocks outright because as the corona sell off has shown, risk can happen very fast and I would hate to second guess myself...

In my view, US equity ETFs are no longer an investment in this landscape. They are merely a trade, a fed driven momentum greater fool game. There are better countries to invest in the next 5-10 years

I'm not the greatest fan of Grantham but his arguments make a lot of sense here https://www.zerohedge.com/markets/its-pretty-obvious-will-end-badly-historic-reversal-granthams-gmo-goes-short-us-stocks "The Covid-19 pandemic “should have generated enhanced respect for risk and it hasn’t. It has...

A coronavirus vaccine solution seems to be more and more a pipedream "But the history of vaccine development shows that it can be a long, frustrating process. For instance, the mumps vaccine holds the record for fastest development time, which was four years. Most vaccines have taken much...

I would say that this current period has made me consider that wealth preservation should be a factor in my decisions. I had a good run investing and day/swing daytrading in the past decade. I want to keep what I have. Just last week I decided to take a break from daytrading, probably a long...

A key part of my skepticism is Dalio's short and long-term debt cycles. When the long-term debt cycles ends, it aint pretty for certain markets. Last time that happened in the US you had rising inflation and rising interest rates. Needless to say, this market could not withstand a rise in...

That was just an observation for the bottom, as far as right now goes, I remain skeptical of buying here. I much rather be in Chinese equities. QQQs, SPX and INDU are doing great, but so is KWEB FXI and others. Some are even talking about how the China data is starting to look like some kind of...

I get it but it just seems ridiculous that he was bearish at the lows, and from my recollection all that he said to CNBC at the lows was that he was 'nibbling' in stocks. He sounded plenty bearish in his tone though so maybe he invested 5% of his assets in stocks. Meanwhile the VIX was at 70-90...

You can say the same things about gold. Look at an inflation adjusted chart of gold in the 70's and 80's and tell me if that's not volatile

March 16 Yesterday You cant make this shit up

I avoided opening an account with Suretrader for years thinking that the lack of insurance made it not worth it, but I never suspected it being a bucket shop. Gentile is a fucking douche