Hmm what a week. The team says they are bullish at the update which was strangely after the Amazon negative feed. Hard to catch a falling knife but I almost feel compelled to buy Amazon directly at these prices. Stick with the long term plan I guess and hope for the best. Seems like everything with a high PE is a target and it was so obvious. The question is what is obvious now? The bond market seems to be winning which is usually a sign of the inverse happening. I'd argue why buy 3% yield when you know it will be 5% before too long. You can't hold cash because inflation is at 5-7% so just where do you put your money? I wish I knew how to short bonds.
This week, the numbers are not as bad as it seems since the market has been swinging wildly and pleasure is often forgotten before pain. Can you believe the weekly S&P500 is up? Unfortunately, the VG1 portfolio does not look the same with a weekly return somewhere between -1 to -2% to 1pm today. It will depend on short performance and unknown longs though. Deutsche Boerse was added to the fund recently and not included for the calcs. vg1 weekly SP performance is -3.4% : eeeek.
I hope you guys have got this!
VG1 Price at posting:
$1.61 Sentiment: None Disclosure: Held
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