Tuesday, October 28, 2014
Union Pacific and how every hedge fund is run by morons
Back in mid-October, Union Pacific was a piece of garbage stock that needed to be sold because:
2. collapse in world trade
4. poor future for shale oil because oil prices went down
All perfectly intelligible reasons to puke UNP, right?
So splain this to me:
That's not just a recovery, but an accelerating upward breakout.
So here's an interesting idea for all of those financial professionals reading my blog:
If you were to track down every person in your office who was in favour of dumping UNP at $100, and then you beat each of them to death with a hammer, it would be illegal. In some states, you might get the death sentence. No good and sane person would ever do such a thing.
And that is why your stupid firm will never outperform SPY. Give up.