ES Journal - 2019/2020
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I do have my core stock holdings/ my favs... It`s just better for me psychologically to be diversified as I prefer the hedge & to be long a degree of hard assets ... Iv`e always had excellent timing in RE, knock wood, as I have a set criteria when I purchase.
I was one of those that saw this whole thing RE debacle unfold before it did in `06... All the signs were there... this is when most sheeple couldn`t even imagine a foreclosure on every corner across the nation... I have builder friends that still thank me to this day for my April `07 Easter speech on what was going to unfold with option arms resetting, over levered lenders, etc. They still tell me I save their lives... I`m not one to pump my own tires & boast but this is one I will give myself as I was the only one that I knew that went out on a limb & was " talking crazy" at the time.
I appreciate the fact everyone has different interests, myself, I dislike RE for reasons like the fees one needs to pay for solicitors, agents, bank loans, not to mention it is a slow moving boat locking capital for extended periods, as well, tenants can be a pain as well as repairs.
My thinking, stocks offer huge diversity....and one can be nimble and it does away with dealing with agents.
DId I hear today on Bloomberg TV that short open interest in the E-Mini equities (ES/NQ) is at a record high, or something like that ? I could only find this on the CME website....
https://www.cmegroup.com/market-data/volume-open-interest/exchange-volume.html
I can't seem to confirm their statement.
https://www.cmegroup.com/market-data/volume-open-interest/exchange-volume.html
I can't seem to confirm their statement.
Mickey, I completely understand that... I am fortunate to have a licensed, trust worthy & knowledgeable agent.... Me!
So I have an inside track & am able to afford myself some flexibility with haircuts on transactions... I see it more as a safe haven for my capital & have always had a good read on the RE market as it has catapulted me to the "Next Level" so to speak.... When I traded on the Street/ Firm money as a Registered Rep, I`d buy a new property every year with my profits as I knew the "good times" wouldn`t last forever, Mid/ late 90`s.... As for the other market that we trade here, I flat out don`t trust most companies reporting ... or the Stock market in general or the games that have been played for the last 20 years or so.... This game is just another racket & sure don`t consider it a safe haven for my piggy bank
/ retirement capital whereas tangible assets do afford me the luxury to sleep well at night.
I guess it`s safe to say that my 2 great loves are the markets... RE & Finance Markets!
I thought you might find this chart interesting in the context of your observation.
I am not suggesting it is bullish or bearish. At the moment, it just is.
B1.... I never thought I'd see this this year.
The Naz did in fact close at an ATH today.
Gotta hand it to ya.
In support of B1's thesis...
https://www.cnbc.com/2020/06/21/ban...-in-deposits-since-coronavirus-first-hit.html
https://www.cnbc.com/2020/06/22/the...raid-of-stocks.html?&qsearchterm=money market
Very very doubtful YM and ES will follow suit, and RTY stands no chance as it has been in a bear market for 18 months. YM is the one to pay attention to... if/when it reverses, they will all follow. But NQ is also least likely to test March lows unless specific NQ related causes.
https://www.cnbc.com/2020/06/21/ban...-in-deposits-since-coronavirus-first-hit.html
https://www.cnbc.com/2020/06/22/the...raid-of-stocks.html?&qsearchterm=money market
Very very doubtful YM and ES will follow suit, and RTY stands no chance as it has been in a bear market for 18 months. YM is the one to pay attention to... if/when it reverses, they will all follow. But NQ is also least likely to test March lows unless specific NQ related causes.
That 5 Trillion, I'm not sure without looking how that stacks up historically against other times of uncertainty, but if its a high-water mark, or even close, you can rest assured these markets will keep going up until every bit of that money jumps in. I've seen it play out that way more than a few times.
The real powers that be will just keep buying and buying and drive it higher on low volume. When it gets high enough and all the retail money, and all the hedgies, and all the pension funds, and all the soveriegn wealth has joined the party... they'll reposition and pull the plug. The higher it goes the bigger the crash. Someone in another thread asked if it were even possible to see another 30% correction in our lifetimes. You can bet your ass its more than possible.... it's a given.
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