Friday, May 28, 2021

Chicago PMI 75.2

its like living in 1983, coming out of 1982 recession 

teenies below 1.6; biggies are in crude and gold ..!

& bitcoin traders got afraid of weekend this time .. down 5% ... like rats learn about cheese ..!

aren't these exciting times ... Happy Memorial day ..!

Thursday, May 27, 2021

Friday, May 7, 2021

Cathy Woods - an English major (i believe!) who happend to be a portfolio manager ...

can't believe people could be so blind from inside, as to how they look at their own performance .. she uses the words like "satisfying" & "gratifying" to describe her feelings, as her funds have come down 25-30% this year ... because the 15% expected return before the drop now looks like 25+% for the same outcome in future.

hard to count how many times she uses the word - ecosystems.

how convoluted a mind can be ..?

APR NFP 266K against 1M expected ..!

teenies dropped to 1.47 in pre-market but returned to 1.584 at the high

so the question is do we need more stimulus to open more jobs or people are complacent with stimulus/benefits and no more interested for a job ..?

is it about creating more jobs or we are dealing with a wage inflation situation ..?

regardless of the numbers, market rallies.

Monday, May 3, 2021

first Bejos and now Gates ...

 what's up with people ..? 

really IF these two can't meet the definition of marriage .. who can ..?

Saturday, May 1, 2021

my views on unfortunate situation in India

stop using mathematical models to predict situations where humans are involved ... which means, most of the situation that we deal in life.

math based on symmetric nature of number-line cannot be used to project / predict any situation where humans are involved ... which ended up resulting in a disaster in case of second wave of corona in India.

second, we are dealing with a virus, which requires humans to take an annual cocktail; so we can co-exist .. the vaccine that people are given doesn't have much use, although i am not against it, as its there to fix last years' version (Q1 2020), & we are dealing with the next version, as the virus has moved on, while humans are still stuck w/ solving last year's problem ... as you can imagine the flu shots are given each year; plus, the flu and the shots typically arrive at the same time, & still people die, when there is a mis- match or mis- timing.

BL: unless we coincide with the version of virus, we have no control on the problem .. & we are no way near that state .. but likely by the end of this year, IF people learn a few things ..!