Serving the Quantitative Finance Community

 
User avatar
Alan
Topic Author
Posts: 2958
Joined: December 19th, 2001, 4:01 am
Location: California
Contact:

Wow!

August 17th, 2020, 2:49 pm

$SPX_D.png
 
leptoq
Posts: 361
Joined: February 15th, 2018, 4:42 pm

Re: Wow!

August 17th, 2020, 8:13 pm

Did you buy the dip? 
 
User avatar
Cuchulainn
Posts: 20252
Joined: July 16th, 2004, 7:38 am
Location: 20, 000

Re: Wow!

August 17th, 2020, 8:21 pm

23 March, UK went lockdown.
 
leptoq
Posts: 361
Joined: February 15th, 2018, 4:42 pm

Re: Wow!

August 18th, 2020, 11:37 am

23 March, UK went lockdown.
I knew it!!! :) 
 
User avatar
Alan
Topic Author
Posts: 2958
Joined: December 19th, 2001, 4:01 am
Location: California
Contact:

Re: Wow!

August 18th, 2020, 1:40 pm

Did you buy the dip? 
I don't touch my retirement account, and so rode it out. 
If 'buy' includes 'did not sell', then -- yes!
 
leptoq
Posts: 361
Joined: February 15th, 2018, 4:42 pm

Re: Wow!

August 18th, 2020, 3:41 pm

Did you buy the dip? 
I don't touch my retirement account, and so rode it out. 
If 'buy' includes 'did not sell', then -- yes!
That's equivalent to buying the dip in a sense :)

P.S. My ex-wife (cold blooded bitch who once tried to break the bottle of fine scotch over my head) suddenly called me during Covid selloff after 6 years of blackout and asked what should she do with the money, it was almost the only time in my interactions with her when I said the truth (or at least I believe so): "Stick to the plan, baby"  
 
User avatar
Cuchulainn
Posts: 20252
Joined: July 16th, 2004, 7:38 am
Location: 20, 000

Re: Wow!

August 18th, 2020, 6:33 pm

Single malt or blended? Johnny Walker punches above his weight!
 
leptoq
Posts: 361
Joined: February 15th, 2018, 4:42 pm

Re: Wow!

August 19th, 2020, 11:28 am

Single malt or blended? Johnny Walker punches above his weight!
Hahaha, if my memory doesn't fail me it was "Laphroaig"
 
User avatar
Cuchulainn
Posts: 20252
Joined: July 16th, 2004, 7:38 am
Location: 20, 000

Re: Wow!

August 19th, 2020, 1:48 pm

Single malt or blended? Johnny Walker punches above his weight!
Hahaha, if my memory doesn't fail me it was "Laphroaig"
The best Islay! I hope there was no spillage?

A guide to pronunciation for the Sasanaigh.

www.youtube.com/watch?v=NTHB7_ILleg
 
User avatar
Alan
Topic Author
Posts: 2958
Joined: December 19th, 2001, 4:01 am
Location: California
Contact:

Re: Wow!

August 20th, 2020, 7:17 pm

Back to topic -- another notable wow:
TSLA_D.png
 
leptoq
Posts: 361
Joined: February 15th, 2018, 4:42 pm

Re: Wow!

August 20th, 2020, 8:47 pm

Single malt or blended? Johnny Walker punches above his weight!
Hahaha, if my memory doesn't fail me it was "Laphroaig"
The best Islay! I hope there was no spillage?

A guide to pronunciation for the Sasanaigh.

www.youtube.com/watch?v=NTHB7_ILleg
I loved the video!!! Thank you!
 
User avatar
SWilson
Posts: 83
Joined: February 13th, 2018, 5:27 pm

Re: Wow!

August 21st, 2020, 6:46 pm

Back to topic -- another notable wow:
TSLA_D.png
I can't get over this one, been try to rationalize it.  
 
User avatar
Alan
Topic Author
Posts: 2958
Joined: December 19th, 2001, 4:01 am
Location: California
Contact:

Re: Wow!

August 21st, 2020, 8:25 pm

Back to topic -- another notable wow:
TSLA_D.png
I can't get over this one, been try to rationalize it.  

I think there are scenarios in which the price is "rational", which says the market is not completely nuts:

1) Tesla/Musk pulls off its full self-driving/ robotaxi plans.
2) Tesla sells state of California a zillion batteries to keep the electricity grid from rolling black-outs, or, failing that, Calif. homeowners feel compelled to buy them for the same purpose.
3) Feds under either Biden or Trump invest in massive EV infra-structure support: self-charging, etc. At some point, who knows when, I think self-driving will become so successful that it gets infra-structure support, too, just like the interstate highway system facilitated driving. 
4) Oh yeah, they sell a lot more cars, too.

p.s. Have never owned it, but have shorted it 3 times.  :D
 
Mercadian
Posts: 39
Joined: July 24th, 2020, 4:22 pm

Re: Wow!

August 25th, 2020, 8:04 pm

sorry, I can't resist commenting here... should we really be surprised? https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
 
User avatar
wanaquant
Posts: 44
Joined: May 12th, 2012, 1:19 pm

Re: Wow!

September 9th, 2020, 8:48 pm

sorry, I can't resist commenting here... should we really be surprised? https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
It's really meaningless, though. If the M2/M3 haven't been doing their job in providing liquidity, then the FED intervenes by pumping M0. M2 has a total supply of 18T while M0 has 7T. There is 11T that the FED can pump without changing the real supply. That is if banks decided to stop loaning people money.