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I'm also looking to buy SPY puts today

I overode my stop, still short. Looks like the market is peaking. I just dont trust this rally, its too early for this to bottom

how come this didnt happen for all the dozens of diseases that children get vaccinated every year? most likely scenario is that a vaccine will be avaliable next year and in 2022 no one will talk about coronavirus anymore

It looks to me that an effective vaccine against this coronavirus is highly likely at some point next year https://www.economist.com/briefing/2020/04/16/can-the-world-find-a-good-covid-19-vaccine-quickly-enough

I would worry if IBKR shares went bellow $15 or something. MF global gave plenty of signs it was going under, by a plunging stock price and all the rumors. IB has none of that

https://www.economist.com/china/2020/03/26/china-goes-back-to-work Great article on the economist about the post-virus economy

I started to scale short SPY in this after hours session. The idea is to keep shorting all the way to 270. with a stop a 275. I dedicate 0.5-1% of my networth (in risk if i get stopped out) a year to protecting my downside. I think its time for me to use that

Dalio said on CNBC that he thinks one of the results of this crisis is that people might start questioning what is money. That is, trust in the fiat system might start to erode (though these are my words, not his). I believe that is correct. The US fiscal deficit is going to be 10% of GDP, and...

Also lightened up PSH. Went from 13 to 18 in a few days

I will also be scaling in SPY puts as the market bounces. May expirations, for the retest trade

I'm lightening up on BRKB on this market pop in order to have spare cash in a likely retest of the low later this year

Short-term yes, but the long-term driver does not correlate like that. You might want to read Dalios interview on Hedge Fund Market Wizards where he talks about correlations

I understand, I'm not loading up on globalization stocks. BRKB for instance, I checked their 10k a week ago to review their companys and the vast majority are domestic companies exposed to US. Only AAPL is more exposed to this deglobalization and even then, it will impact their margins some, it...

I think it would be nuts to have a portfolio right now without gold in it, especially given the action in the last 2 days. And T bonds with maturities of more than 2-3 years are unbuyable, the deficit will explode and the Fed is monetizing the whole thing. The Fed is different from the ECB and...

In 2008/2009 I bought in the theory that it was the start of a long-term deleveraging. And here we are with more debts than ever. So its easy to call for the top of globalization, or maybe it will come in another 10-20 years. I certainty wont be changing any of my international travel after...

There might be some opportunities in the REIT sector https://seekingalpha.com/article/4333958-cheap-reits-get-cheaper?utm_campaign=twitter_automated&utm_content=article&utm_medium=social&utm_source=twitter_automated

Ackman was yesterday on BBG talking about the markets and mentioned that in a discounted cash flow valuation, if you wipe out all the cashflow for a year of a company, that only knocks off the value of the stock (that is, the final valuation) by 5%. That is very much in line with my...

One of my pet peeves are the folks who only come out in public to brag about gains. When they lose, they hide and wait for a new good period to come out again and talk about how great they are. Well, I'm not going to do that. So I went out of my way to give a portfolio update at the lows of the...

So the CME lost money right? Someone must have assumed the losses

Check out this list, there a lot of viruses names after their place of origin https://viralzone.expasy.org/678 Including a "New York virus", a "Seoul virus" and a "West Nile virus". Also, the 1918 Pandemic is widely called the "Spanish flu" I'm not arguing in favor or against it, I just want...