In your opinion, what does this blog need more of?

Thursday, January 22, 2015

Market update


Well, whatever the hell happened today, the market has suddenly decided that it's cool again to buy regional banks, small-caps, and railways. It's as if suddenly the apocalypse got rescheduled.

$VIX is dropping hard, almost as if someone's decided that they don't need to own a shit-ton of downside puts anymore.

And nobody seems to care about oil still going down.

Funny nuff, gold and silver are still up, but I think the market got the memo about what a bad idea it is to own self-diluting miners because GDX is going nowhere. Even B2Clive is collapsing - they must be talking about buying out another company with paper again.

Anyway, tonight's fried chicken night!


No comments:

Post a Comment