30/12/19 Wolf Richter: I, Who Vowed to Never-Ever Short Stocks Again, Just Shorted the Entire Market

[wjw22]

Wolf Street on 30/12/2019:  I, Who Vowed to Never-Ever Short Stocks Again, Just Shorted the Entire Market

I do hope he lets us know how he gets on. 

[dmedin]

Very interesting and I would agree with never shorting any individual big-cap U.S. shares.  Just too crazy.  Boeing though, would have been a great short from January 2019 with a stop at or around $440, but that's with hindsight.

[dmedin]

Personally I believe much of that money currently locked up in inflated asset and stock prices should be crystallized (realized) in real economy expenditure, thus closing the income inequality gap to some extent and rebuilding America's infrastructure, providing affordable housing for all etc.  The fact that the rich have all this money and don't spend it is the real reason why inflation and growth are so low.

[dmedin]

Sorry not January 2019, but March 2019.

It's amazing how often the Boeing share price would jump on 'reports' on the 747 Max coming back into service within a few months.  You'd have to have gone short early and held on ('sell and hold') to really benefit.

Edited February 3, 2020 by dmedin

[bluebird4211]

On 01/02/2020 at 15:31, wjw22 said:

Wolf Street on 30/12/2019:  I, Who Vowed to Never-Ever Short Stocks Again, Just Shorted the Entire Market

I do hope he lets us know how he gets on. 

Novice compared to yourself but,huge loss of investors in oil  and OPEC meeting aprox 14 Feb with a view to cutting production and the China virus hitting global economy plus the period of around two weeks before symptoms and it really only got declared  properley on 31 dec ,it seems reasonable to me that there will be atleast a doubling of cases  in the coming weeks and combining the slowdown and the timing of talks the price v other events such as sars beleive oil will drop to $40 before anything gets better and possibly lower.