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  1. mervyn

    The Essential Nature of Government Deficits, Debt and Taxes

    Of course dot.gov can print the way out, like Trump bailed out the market after circuit breaker broke three times. Fiat money is the heart of the modern economy. A country can declare bankruptcy to wipe out the as much as it can, including the US. Dollars will be discredited and people will...
  2. mervyn

    ES Journal - 2023/2024

    I am not chasing highs, fully invested in short term treasury until he changes tunes. His reasoning is on the mark. The risk reward is not here to go long. Remmber last August sell off? Not more 5 weeks consecutive green since the pandemic, which we are at now.
  3. mervyn

    And How Does BYD Beat Tesla Cars Sales in China?

    https://www.elitetrader.com/et/threads/massive-waste.374950/ https://asia.nikkei.com/Spotlight/Electric-cars-in-China/China-weighs-extending-EV-tax-break-beyond-2023
  4. mervyn

    Massive waste

    What they do with their capex is amazing? Sure is not profit driven.
  5. mervyn

    Massive waste

    it was not a waste, it was a different business model. Chinese rental bikes were even in Washington DC market. Obviously we don’t peddle for work. eventually these bikes will be taking apart and recycled.
  6. mervyn

    Blackrock iShares files for Spot BTC ETF.

    Only manager fee is important, obviously coinbase is protected, otherwise there will be no legit custodian in the us of a.
  7. mervyn

    Massive waste

    I am sorry, this is a "hidden" secret in EV car sales, applies to other EV car maker. It is mostly because the car makers, in this case BYD, can claim goverment credit before the credit expires. When the credit is greater than the price differential between new and used. My first BMW 323Ci back...
  8. mervyn

    ES Journal - 2023/2024

    3900 year end
  9. mervyn

    Buying LEAPS on SPY?

    I have many LEAP on beat up stocks, WOLF being one. On index, probably not, premium is too costly.
  10. mervyn

    ES Journal - 2023/2024

    JPMorgan Says Stocks to Suffer $150 Billion Rebalancing Sales
  11. mervyn

    Tomorrow Crash?

    all you need is to pump that 5 mega stocks, the market won't drop much, if any,
  12. mervyn

    Tomorrow Crash?

    As I wrote in ES thread, it is difficult to crash mathematically unless we have some very very bad news, i.e. new war with China starts in Asia somewhere. I am neutral for the summer when Wall Street is on vacation. I had to drink a whole bottle to close out my short ES positions , painful, few...
  13. mervyn

    American Investment Banks Give Up Some China IPO Mandates

    Remember sunbeam and enron back in the days? It killed Arthur Anderson. We don't cook books often but we cook earning expectations.
  14. mervyn

    American Investment Banks Give Up Some China IPO Mandates

    As an investment bank, if GS can't sell clients' mandates, it shouldn't exist, either here or there.
  15. mervyn

    Tesla 2023

    https://www.marketwatch.com/story/tesla-short-sellers-are-down-billions-after-stocks-winning-streak-1cc9f0fd again
  16. mervyn

    ES Journal - 2023/2024

    New Zealand is in a recession officially. But I think ES is very difficult to make money on shorting, at least for the summer. With high concentration on fewer mega names, one can pump high volume call options to stop the index collapsing, like today, NVDA was crazy. We need some very bad news...
  17. mervyn

    Are there any brokerages that allow me to trade Tbills on margin?

    you are buying any securities on margin, first you need to meet initial margin requirements. In another word, for 1000 bucks a margin account, assuming you buy equities, your buying power at best is 4000 bucks or less. You can buy 4000 worth of t bill, of that 3000 from the broker. 1.7x4=6.8...
  18. mervyn

    ES Journal - 2023/2024

    5 stocks constitute 25% SPX, NVDA is heading to 500 before the next earning I am affraid.
  19. mervyn

    ES Journal - 2023/2024

    when trades with the algos, for sure.
  20. mervyn

    Any day now is today, Trumpers. Trump Indicted

    Because his lawyers need to lawyer up themselves everytime. ChatGPT can help.
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