BTW. This is how self-isolation works in US:
If these young people are the future of America god save our investments
After watching this video I donât feel that confident anymore that the US will keep outperforming exUS for another 3 decades lol. Maybe I should increase my EM fund.
Of course, but I look at the TER value of my whole portfolio and not of a single asset.
You know that those people are the basis of the economy, who else lives capitalism, and consumerism? If everyone was as âstreetmartâ as us saving money and investing, markets would never recover.
Haha. What else were you expecting? Well-balanced and responsible youth from a country that claims to be the no. 1 in the world? USA has a combination of unique strengths (compared to other large / developed economies): power to print dollars, ability to attract and import highly educated and skilled workforce in high numbers, and the willingness to keep mildest levels of regulation!
Edit: and consumers as @arjuno mentioned. These consumers are consuming hard to make you rich.
just set an open order for VTI at 117.00 and got filled before I could realize itâŠ
Iâm at 1.02 (leverage) nowâŠ
These young people are way more eloquent and confident than I would be in front of the camera (donât want to imagine how that would look like). And Iâm sure we have people who think like this in every corner of the World. The only way to get them in line is to exert social pressure.
Sigh⊠weâve been discussing this a few times on this forum. I believe you are wrong. Consumption does not drive sustainable economic growth. The real thing that does it is increasing the production of energy, increasing the efficiency of conversion of this energy and the efficiency of consumption of resources. If Chad drank one beer a day 20 years ago and today he drinks 2 beers a day, thatâs not whatâs pushing our World forward.
They are sure very confident, but is that confidence healthy and backed by skill? I remember reading some studies in 2012-13 showing US school and college students over-estimating their skills and underperforming while it was opposite for Asian (Singapore/ HongKong/ China/ etc) students.
Or military pressure:
https://www.reuters.com/article/us-health-coronavirus-italy-army-idUSKBN2171ZA?utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook
Next big buyer leaving the party⊠âMcDonaldâs Corp has suspended share buybacks to help it navigate thorough the coronavirus crisisâ
That worked out well
Anyway doesnât matter, -2.5% is peanuts compared to the vol weâve seen these days - easy day on the terrace.
Damn it :-).
Still made it out in mild plus today thanks to EMs.
I thought before that investors did overreacted a bit, now Iâve started thinking that investors might be under-reacting:
Marketâs prayer
Our Fed in heaven,
âŠ
Give us this day our daily Trillion.
Fun Fact of the day.
S&P @ 2300pts today is worth exactly the same as S&P @ 2400pts on Monday in CHF. Yes the dollar got 4% stronger in 5 days vs. the Swiss Franc.
Which makes me believe that the SNB is buying a lot of Dollars. Is the 1:1 exchange rate the goal?
I must admit - what a relief.
Seeing the latest numbers for the virus, it seems that the US will be in 3rd place in a day and if NYC doesnât calm down, theyâll be above Italy in a week. +5300 US against +5900 italy today and italy was quarantined for a week. NYC started today if I remember correctly. Letâs hope they are more strict.
Wall street will be just run by robots and armchair investors next week.