Originally Posted by scho63:
This morning on CNBC Worldwide Exchange, a Wedbush analyst took a blowtorch to Cathy Wood and her Ark Funds. Called them complete garbage and that she had the worst strategy as a portfolio manager, trying to catch falling knives by keep buying in as the tech wrecks kept dropping by 30-40-50% or more.
It was the most brutal attack from one Wall Streeter against another since Carl Icahn went after Bill Ackman over Herbalife.
Basically said she did nothing to protect her clients assets in a tough market and made it worse by an overly risky strategy.
She deserved every bit of that too. Ive paid attention to her moves since she became some sort of guru to a lot of people. All I can say is that she got very lucky. Since then, she has lost so much money, her trades make zero sense.
Her buy high sell low strategy is literally killing her ARK funds.
Glad I only watched and didnt follow her into the market... [Reply]
Looks like there is pretty decent support right here.
I won't call that support based on the action I am seeing. It could be but we are already breaking through it in the QQQs. SPYs may hold it. If it holds then awesome. [Reply]
Originally Posted by petegz28:
I won't call that support based on the action I am seeing. It could be but we are already breaking through it in the QQQs. SPYs may hold it. If it holds then awesome.
Yeah. They probably won’t. Technicals kind of go out the window if there is mania.
But there was a lot of resistance type activity back when it went by there on the way up. Hopefully it holds, just from a volatility standpoint.
Supposedly a lot of people retired in 20-21. With inflation and the dump of the stock market those people might be facing some adverse conditions. Whether they understand it or not. [Reply]
So I’m sitting on a zoom presentation from KSU extension about the Russia/Ukraine shit.
One of the dudes just said Russia raised their bond rates from 8.5% to 20(!)% to stem the free fall of the ruble.
Does it make any sense to buy some Russian bonds and take them to term? I don’t know what instruments would even be available, but a 20% return on … anything in any term isn’t a bad return. Plus if they pay out rubles after a recovery of the ruble compared to US dollars (no idea if this is possible or not). Obviously the risk would be if Russia collapsed and they’re worthless, but that seems unlikely.
I know little about bonds. Am I missing something here? [Reply]
Originally Posted by Buehler445:
So I’m sitting on a zoom presentation from KSU extension about the Russia/Ukraine shit.
One of the dudes just said Russia raised their bond rates from 8.5% to 20(!)% to stem the free fall of the ruble.
Does it make any sense to buy some Russian bonds and take them to term? I don’t know what instruments would even be available, but a 20% return on … anything in any term isn’t a bad return. Plus if they pay out rubles after a recovery of the ruble compared to US dollars (no idea if this is possible or not). Obviously the risk would be if Russia collapsed and they’re worthless, but that seems unlikely.
I know little about bonds. Am I missing something here?
You’re missing possible sanctions coming down on being a foreigner and owning any of that.
