Riots are spreading to NY and major US cities. Don't think sentiment will be good and likely politician will dial up rhetoric to distract domestic issue.

Thucydides Trap. We know it but somehow we cant avoid it.

Robinhood supporting the market for the rich. While rioters stealing from LV, all during a global pandemic.

Hahah what a time we live in

Well, learn an important lesson.

Never fight the new style helicopter fed. You will lose badly.

Don't think those in robinhood care. You see their discussion it's like bitcoin fever for them "buy the dip, Opportunity of a lifetime, lambo, moon etc".

Institutional investor is left scratching their head, but in the end you see even funds are started to buy in.

I'm still sitting at the sideline, but somehow trying to bet against the market while fed is supporting it and in low interest rate environment has not pay off. I think market sentiments are pretty good right now.

Big tech is considered both defensive and growth stock nowadays. All still holding strong

Most of them are looking at stocks like betting / casino.

You see how they trade bankrupt companies, you would feel they are playing it with the same risk to those of cryptos traders. This kind of hot money will not end well.

Nasdaq continue to break new high. Tech behemoth outclass all the rest.

DJI -2k incoming. Its not stopping at 1.5k it seems

👍Bought. Think im going to buy everytime S&P drop pass or near 5% in a day. See how much i can accumulate till the recovery haha

This post has been edited by ChAOoz: Jun 12 2020, 02:29 AM

I don't believe in the recovery also. Tried to short it but fail. The problem with shorting is unless you found a cheap way to take a short position of up to 2 years else you will lose your money even before you are proven right. The SQQQ is 3x leverage of nasdaq 100, so yeah pretty dangerous and decay is fast.

Right now, even with retail investors i'm guessing many fled from fixed income investment into indexing due to low interest conditions.

As such even tho the newbie speculative punters may cause rise and fall fluctuation in S&P, the broader market is supported by these fixed income indexer. It will take a very overheated market, or a very big panic situation to cause the market to crash for you to get a good profit for SQQQ at current price range.

A 10% drop in QQQ would only meant 11.57 for SQQQ, and after such a drop the possibility of a rebound back will be high as well. You better hope a bigger than 30% crash happen in this 3 months.

Also QQQ composed of very hard hitting tech counter such as the FAANG. I would not short these if possible. SDS might be safer.

Those people have proven that you don't need ivy league qualifications or a long investment background experience to succeed on wallstreet on a short term basis. It's all gambling. Which is why active fund manager, financial gurus and stock pickers will surely hate them. They are the direct antithesis to their so-called "expertise". If even a "never invest before sports gambler" can beat the market who need experts like these.

To be a good fund manager in the long run, you do need certain qualities and ability to stick to your principle tho. The best is just to index i guess haha.

Buy buffett, he and his team know the true value of stock. A sure bet if you looking to sleep easy.

They got good cash hoard. So even now they don't have great returns, they are able to make up for it with a big acquisition or bail out using the cash opportunity if a value arises.

Most of their holdings are stable and non-speculative. Industrial / Consumer Staples and Apple are mostly defensive as well.

Most important, they are not speculative and a gambler. They play by certain rules and is predictable.

Boring night. Can go sleep already. Lets see what the kangaroo bring tomorrow.

On the money haha. Kangaroo market is fun to watch, but nothing to do.

Maybe I should try scalping. Such huge yoyo surely got the potential.

First time i'm sitting through fed testifying to the senate. Show how volatile this market is now haha.

Which broker did you use to short it ?

Of all the tech stock buffett never buys, berkshire hit the jackpot with apple.

With their own eco system and app store and now own semicon chips, this company has the biggest moat in tech. 30% commissions for all in app purchases is crazy. Not sure regulators will stop them or not.

Feeling stupid i was trying to lowball for below 200 per share of aapl during the march rout.

Yeah the app store contribution is under rated now, but it will go bigger as more hardware enter the ecosystem. Apps purchase are a recurring income source and some of the revenue is also based on subscription model. It is not affected by cyclical swing usually see in hardware upgrade cycle.

Another thing to note is, apple hardware ecosystem is also unrival for now. Their smartwatch volume outsell all other smart watches combine, that is really something.

Google is trying with their pixel line up, but the hardware and software integration is still lacking.