Thread: McDuck's Account Talk

Looks like good info. I'll have to catch some NPR.

The fear got too much for me today. I moved from S-fund to G-fund.
Therefore, it's clear sailing to be in S-fund after COB today for everybody else.

The S-fund (DWCPF) closed today at 1025.4 (down 0.41%) which was close to the daily low.
This was the 7th down day out of the last 8 days.
On Tuesday it went below the 200day-EMA.
I see the support at 960.
A recent high was on Oct 24th, 9 days ago. There has been 4.13% loss in the S-fund since then.
Today's close is down 10.2% from it's all-time high back on July 23, 2015.

Screen Shot 2016-11-03 at 11.01.42 PM.png

Screen Shot 2016-11-03 at 11.05.48 PM.png


5-year plot in which it has almost doubled in price.

Screen Shot 2016-11-03 at 11.30.17 PM.png

Citi predicts possible 5% drop for S&P 500 if Trump wins, warns on recession

http://www.cnbc.com/2016/11/04/citi-...recession.html

David Stockman warns both Trump and Clinton could lead to 25% sell-off

http://www.cnbc.com/2016/11/04/david...-sell-off.html

Sell everything!
"The markets are hideously inflated,"
"For six months, or even longer, there will acrimony, there will be brinkmanship, there will be paralysis."

"We're in the same place today as we were in December of 2014," explained Stockman. "There's massive risk. So what's the possible reward?"

Indeed, the S&P 500 Index has gained just over 1 percent in nearly two years while the Dow Jones Industrial Average has gained just .70 percent.

S&P 500 FUTURES PLUNGE 5%, DOW FUTURES TUMBLE MORE THAN 750 POINTS

http://www.cnbc.com/2016/11/08/stock...ight-race.html

S&P 500 futures are now down 'only' 1.58%.

Originally Posted by McDuck

S&P 500 FUTURES PLUNGE 5%, DOW FUTURES TUMBLE MORE THAN 750 POINTS

http://www.cnbc.com/2016/11/08/stock...ight-race.html

Jeff Gundlach says he's long emerging markets, short the S&P 500

Jeff Gundlach makes bets against U.S. stocks, for emerging markets

Jeff Gundlach said Monday he has a pair trade betting on further gains for emerging markets and against U.S. stocks. He is long the iShares MSCI Emerging Markets ETF and short the SPDR S&P 500 ETF specifically.

Thanks Duck, good to hear from you.

A look inside the retail wreck | Nightly Business Report

“2017 is on track to be a record setting year for bankruptcy filings and store closings.

Retail may be at a tipping point.
· More shopping is shifting online in general, and to Amazon specifically, which is hurting store sales.
· Consumers are spending more on travel instead of clothing.
· And investing in their homes rather than adding to their closets.

Half of the retailers filing for bankruptcy this year are highly leveraged with debt from private equity.

Because of major changes to bankruptcy laws in 2005, retailers now only have 210 days max to decide which stores to close and how to restructure to emerge from bankruptcy. Prior to the law change, it wasn`t uncommon for a retailer to need 18 months to emerge from bankruptcy with a healthier business. All of it together means highly leveraged retailers filing for bankruptcy now turns into liquidation and not reorganization much more frequently.”

For NIGHTLY BUSINESS REPORT, Courtney Reagan.
104006288-REAGAN_C_-018_RGB.240x240.jpg

I watched the CNBC documentary about Bernie Madoff (Richard Dreyfuss didn't look that much like him). Madoff went to University of Alabama for his freshman year of college back in '57.

https://l.facebook.com/l.php?u=http%3A%2F%2Fwww.nytimes.com%2F2009%2F01%2 F18%2Ffashion%2F18madoff.html