Sanrith Descartes
Von Clippowicz
- 41,593
- 107,707
Investing General Discussion
- Thread starter Furious
- Start date
Sanrith Descartes
Von Clippowicz
- 41,593
- 107,707
Nope. OPEC+ will see this as a "fuck you" and fuck with their production. The SPR isnt designed to do anything about our current situation. Its designed for a short term shock. The only way to solve this is to get the shale players going hard and heavy, but "oil is bad" so they wont get any support from the gubmint. Also threats to shutdown another pipeline in the US is insanity with current oil prices.
CVX +2.5% on the news.
- 1
Zog
Blackwing Lair Raider
- 1,735
- 2,253
I agree actually, was at least hoping for a nice panic sell but I dont think I would play oil right now anyways.
Sanrith Descartes
Von Clippowicz
- 41,593
- 107,707
Wrote some puts on MTTR. I am now officially in the MTTR club. Wrote the December $20 strike for 50 cents
And added to my MA position at $320
And added to my MA position at $320
- 1
Blazin
Creative Title
- 6,432
- 33,756
Sold my AMZN position for strong gains, had a stop at $3650 to get out if we fell back into the consolidation box. Tried to be patient on this swing to see if we would get breakout but looks like it's not ready for that yet. I'll add back 3200-3400
- 1
Sanrith Descartes
Von Clippowicz
- 41,593
- 107,707
Borzak
Bronze Baron of the Realm
- 24,818
- 32,297
Got my energy stuff out a few weeks ago. You known it's clown world as normal when the mayor a town that has a refinery holds a press conference touting the millions the company that owns the refinery is spending on a project. Ya ya ya. Oh yea they skipped the part where they're shutting down a process at the adjacent chemical plant and moving it to another state. But clown world as normal lol.
Big Phoenix
Pronouns: zie/zhem/zer
- 44,969
- 94,043
Fogel
Mr. Poopybutthole
- 12,306
- 47,039
Sanrith Descartes
Von Clippowicz
- 41,593
- 107,707
You might want to check various ETF baskets of holdings before deciding to find ETFs that lack Nasdaq exposure. Its like saying you want to find water that isnt wet.
Mist
Eeyore Enthusiast
- 30,512
- 22,438
I always do check the holdings of my ETFs and mutual funds, and a lot of them are just heavily weighted to the Nasdaq.
- 1
Sanrith Descartes
Von Clippowicz
- 41,593
- 107,707
Today was one of those days when i circle back to portfolio diversity. I get a fair amount of shit for holdings like industrials and consumer staples but days like these are the reasons i own them. I was still in the red today, but only about 30 basis points. You really need to use rotational stocks as hedges in a growth/tech heavy portfolio in my opinion.
Here are some reasons today was a small cut and not a gash for me...
CAT+1%
FDX +2%
LMT +1%
NOC +3%
NUE +6%
T +2%
VZ+1%
WMT +2%
WYNN +4%
I got my lunch eaten in my fintechs, but the hedge stocks counted most of it.
Here are some reasons today was a small cut and not a gash for me...
CAT+1%
FDX +2%
LMT +1%
NOC +3%
NUE +6%
T +2%
VZ+1%
WMT +2%
WYNN +4%
I got my lunch eaten in my fintechs, but the hedge stocks counted most of it.
- 1
Sanrith Descartes
Von Clippowicz
- 41,593
- 107,707
Thats because nearly all ETFs today are cap weighted. Three guesses where a lot of the largest companies in the US stock market are... in the Nasdaq
The secret isnt to avoid the Nasdaq, its to diversify your portfolio with hedge stocks
- 2