In a ""normal"" market when stocks swing down, traditional “safe havens” like bonds, the yen and gold move up.
GS reports there are now “No safe havens… leading to diversification desperation” https://www.bloomberg.com//news/article ... ldman-says
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Vicroy Research releasing report claiming AMD is worth exactly 0.
All three of our last computers (my build desktop and two laptops for my partner) have been Intel after a decade of AMD chips, so I guess I am to blame in a very very small way.
Trades with cats wrote:Yesterday at about 16 and a half minutes into his pre-market talk Futures Trader 71 commented on a new study that says 80% of new traders fail.............
Yes the Professors were all red hot on uncorrelated markets and every time things blow up they are proven wrong. Only defensive strategy that has payed off has been Talib's method of far out of the money derivatives so you lose small on a regular basis but sleep at night waiting for the price implosions. Problem is you would have felt like an idiot spending your dividend income on insurance for the last several years with nothing to show for it. At least these days you can buy a wrist band that will prove you are sleeping better!
volume surge so maybe a rebound here first then we'll see.
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fehro, John Kemp has been posting charts showing that the Hedge funds are reducing their long exposure to oil. News yesterday was Saudi IPO may be delayed into next year which I translate as they can't get crude high enough to make their goal.