Twenty Years Later?
Timing is everything, as any human floor trader can tell you. These day's there's a whole lotta computers making those trades. As for market timing, knowledge of seasonal monetary flows can help immensely in obtaining the "Early Edition" or tomorrows news. For event driven or HFT algos, some want the fastest news feed. Look what happened to a "high speed" news trader in 2017.
Some words of wisdom we heard long ago... if your looking at timeliness of news to get an edge, your probably wasting your time. Actually, porn has higher correlation with markets then news feeds. All kidding aside, Mr. Market is always f*cking someone in someway, so just figure out the who and/or how and go pile on. Moving West on a not wholly unrelated note...
In today's posting, we have some extra special guest hosts, none other than Mr. Peabody and Sherman of Bullwinkle and Rocky fame. For those of us too young to remember, Mr. Peabody was a scholarly, scientific, professorial canine and Sherman was his not so bright, teenage human sidekick.
In an attempt to correct the problems of their time, our two hosts would regularly travel back in time, utilizing one of Mr. Peabody's most famous inventions, The Wabac Machine.
Sherman, please set the Wabac machine to February 11, 2000, and away we go...
Pets.com went from initial operation in August 1998; to IPO on February 11th, 2000; to liquidation on November 7th, a scant 268 days later.
In fact, the Nasdaq peaked at 4884 on March 24th, 2000; then formed what would constitute a triple peak by closing at 4118 on September 1st, 2000, losing -15.6%. Only a minor and overdue correction? But the worst was yet to come, and there was no immunity or pardon..
Now, now, that's old history, water under the bridge and all have learned their lessons the hard way? Or have they? Moving West...
Sherman please set the Wabac machine to present day, Friday June 14th, 2019; and away we go....
More to come in Chewy Get Us Out Of Here? Stay tuned, no flippin.
Some words of wisdom we heard long ago... if your looking at timeliness of news to get an edge, your probably wasting your time. Actually, porn has higher correlation with markets then news feeds. All kidding aside, Mr. Market is always f*cking someone in someway, so just figure out the who and/or how and go pile on. Moving West on a not wholly unrelated note...
In today's posting, we have some extra special guest hosts, none other than Mr. Peabody and Sherman of Bullwinkle and Rocky fame. For those of us too young to remember, Mr. Peabody was a scholarly, scientific, professorial canine and Sherman was his not so bright, teenage human sidekick.
In an attempt to correct the problems of their time, our two hosts would regularly travel back in time, utilizing one of Mr. Peabody's most famous inventions, The Wabac Machine.
Sherman, please set the Wabac machine to February 11, 2000, and away we go...
"Backing a really well thought out business plan and superbly intelligent business model.... Amazon.com purchased a majority 54% stake in the company.
The poster child of the dot.com Sillycon Valley plague of stupidity, the stock IPET, went from an IPO of $11 to a high of $14, then down to $0.19 the day of its liquidation announcement.
Now think about this latest reflation and parabolic run up in the Nasdaq and Russell 2000. It's different this time, right?" - Reincarnation is Making A Comeback?IPO at $11 to a high of $14 with 7.5M shares raising $82.5M (constituting a flop), then all down hill to see it's "tail" end at 0.19 cents?
In fact, the Nasdaq peaked at 4884 on March 24th, 2000; then formed what would constitute a triple peak by closing at 4118 on September 1st, 2000, losing -15.6%. Only a minor and overdue correction? But the worst was yet to come, and there was no immunity or pardon..
"At the end of the day, when the dot.com singularity crashed the stock market, even good companies were sucked into the accretion disk, as Cisco lost 86% of its market cap. and Amazon fell from $107 to just $7, just to name two of the collateral damage and carnage involved." - Deja Vu or History Repeats?Indeed, there would be no parlay, as it was all downhill till October 8th, 2002 bottoming at 797. Only 929 days or 2 years, 6 months, 15 days, or 30 months, 15 days later, after 83.6% of investor's supposed "value" had been vaporized?
Now, now, that's old history, water under the bridge and all have learned their lessons the hard way? Or have they? Moving West...
Sherman please set the Wabac machine to present day, Friday June 14th, 2019; and away we go....
More to come in Chewy Get Us Out Of Here? Stay tuned, no flippin.
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