Friday, March 13, 2020

1st Quarter Update David Haggith Speaks

SHOUT TO TO Mr. David Haggith Contarian

The bull died Wednesday just as the Fed cranked up the voltage on its repo-QE defibrillator for the second time in just one week.
In giving the bull a postmortem, market morticians did not turn as readily to the coronavirus diagnosis as I thought.
Perhaps it can be said that the Bull grew fat on FedFood and died of an overdose of FedMed intended to save its heart from myocardial infarction due to morbid obesity.
(Well, it will find new medicine, but let's just say it's old ammo ain't hunting' bear no more. That's for sure. As David Stockman has been saying, the Fed is clearly out of dry powder.)


And we're just getting started! Trump's own stock market! Now that's just, shall we say to be nice, "Fouled Up BEyond All Recognition.''

Monday, March 9, 2020

1st Quarter 2020 Update The Storm waters continue to Rise

Update 01/08/2020  US and Iran playing chicken, while North Korea & Russia  wait for their moment of glory.
Update 03/09/2020 North Korea flexing muscle, Iran standing tall (even with Convid-19) keeping Testing non-existent

Present SHORTS



SymbolNameLastChange%ChgMarket ValTotal ChgTotal %Chg
XTN S&P Transportation SPDR 47.34 -4.43 -8.56% -2367 -15.71 -24.92%
JETS US Global Jets ETF 20.44 -1.49 -6.79% -2044 -11.06 -35.11%
IYT Transportation Average Ishares ETF 145.52 -15.61 -9.69% -1455.2 -44.79 -23.54%
KORU Direxion South Korea Bull 3X 14.45 -2.93 -16.86% -1445 -3.24 -18.32%
UBER Uber Technologies Inc 28.17 -3.51 -11.08% -1408.5 -3.83 -11.97%
LYFT Lyft Inc Cl A 32.81 -3.21 -8.91% -1640.5 -3.65 -10.01%
DNKPhoenix Tree Holdings Ltd.11.17-0.51-4.37%-558.5-0.13-1.15%