Shoulda shorted Peleton

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Wednesday, October 12. 2022

That was a no-brainer. Should have shorted the S+P too, but didn't.

My opinion: Too late to sell investments unless cash is needed.

What do you think?

Posted by The Barrister in Hot News & Misc. Short Subjects at 13:46 | Comments (9) | Trackbacks (0)

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Paypal will fine you $2500 if you short! (sarc)
Too bad so sad about the billions PP (not my) comrades.
Bwahaha! LMFAO!
Get woke, go choke and a tiny violin plays Misty for Feebaypal.

#1 Bozo's Sliced Pimentos on 2022-10-12 15:11 (Reply)

4695, Jan 13 2022, ES. Multiple short entries since then. All buy setups have failed since then, and continue to fail. Target 3200 since first sell.

It may be too late, who knows. The pandemic insanity destroyed any normality left in the system and where this ends is anybody's guess. If the FED is serious 10% plus rates are not out of the question. If they fold all bets are off.

Sure seems like Powell is hell bent on Trumps revenge against Demoncrats in the fall. Or maybe he really is the next Volcker.

Plus, lets face it. Biden is insane.

#2 LibDis on 2022-10-12 16:09 (Reply)

If Europe doesn't accept gas from Putin (via NordStream 2), it's hard to see Europe as a whole not being hurt for a LONG time. Not only will they be cold this winter but they aren't making fertilizer now since they don't have enough gas. I read about the largest BASF plant that had been in continuous operation since the '60s. Without enough gas, they would be forced to shut it down and would be very difficult to restart. Their products are critical to making plastics, fertilizer, chemicals used in the making of everything from toothpaste to diapers.

Already inflation is starting to impact demand for goods which will greatly affect China, Vietnam, South Korea, and other exporting countries. That's starting to happen here. I read that container traffic from Asia is down 75% and Walmart and Target have canceled billions of dollars of orders for Christmas.

Having started my interest in markets with gold in the late '70s, I tend to be on the negative side but I think there is significant downside potential still.

#3 mudbug on 2022-10-12 16:20 (Reply)

"container traffic from Asia is down 75% "

Actually, the shipping rates, the cost to ship a container, have fallen by 75%.The number of containers being shipped is also down, but not that much.

#3.1 nunnya bidnez jr on 2022-10-12 17:41 (Reply)

Thanks for the correction. If rates are down 75%, traffic must be down significantly.

#3.1.1 mudbug on 2022-10-12 20:15 (Reply)

re My opinion: Too late to sell investments unless cash is needed.

Disagree, this thing could fall a LOT further. The problem with selling now is that it is very unpleasant to realize losses by selling.

The entire economic system is being destabilized. Consumer demand is way down. Britain's bond market is under severe duress, companies worldwide are leveraged hard with rising interest rates, Germany's businesses are in dire straits from the self-imposed energy crisis, the ruling classes are crushing energy production despite what is happening in Europe.

China's economy has been a house of cards for quite some time.

No . . .. there is the potential for one heck of a crash. Will it happen & when? Dunno.

Of course the problem with cashing out is inflation eating up one's cash while it sits in the bank.

#4 feeblemind on 2022-10-12 17:58 (Reply)

The crash WILL happen and soon. German and Swiss banks are in trouble and the VIX is not acting in a normal manner. I suspect that the financial people thought they could control the decent, but it got out of hand.

The credit system has been abused since the mortgage fiasco of the 90's. Bubble after bubble after bubble. The Fed learned nothing from the 2001 crash. Actually, they learned nothing from the 1929 crash.

#4.1 indyjonesouthere on 2022-10-12 21:29 (Reply)

Warren Buffett did not get rich by selling stocks in a down market. He got rich by (selectively) buying undervalued stocks. Long term, it's about the fundamentals.

#5 Hairless Joe on 2022-10-13 09:24 (Reply)

Re Shoulda Shorted: An old Wall St. bit of wisdom maxim cautions: Don't panic or panic first. Way too late for the latter.

#6 Tim on 2022-10-15 17:10 (Reply)

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Wednesday, October 12. 2022

Shoulda shorted Peleton