Thats the main issue which I totally agree with you on - I may be right OR wrong.
I didn't move EVERYTHING away from stocks - the issue is im not the one controlling my family's finances, but rather my parents are. They sometimes don't think my predictions are correct, so they sold 50% (I think).
50% is currently sitting in cash. What I wanted to do was move the cash into short positions, or even just "buy" the VIX index. Sadly, my parents are quite adamant I shouldn't "play games with money"...........
The only thing I can manage is my family's superannuation accounts, which have been in the green stocks until the start of the week which I moved it to cash.
Interesting that these make up 100% of November-collected Gauteng sequences yet have at least slightly different location data around Johannesburg and a range of sampling strategies (one vaccine breakthrough, others surveillance), on the face of it suggesting high prevalence there
One of the patient (EPI_ISL_6647962) is 0 year old baby girl, meaning it's a household transmission.Three of the sequences from South Africa have additional location information. Two of them are from Ekurhuleni (EPI_ISL_6647959 and EPI_ISL_6647956), and the other from Johannesburg Metro (EPI_ISL_6647957). These two places are ~70KM away from each other.OR Tambo airport is in the Ekurhuleni region.The case detected in Hong Kong only stayed in South Africa for ~20 days. He tested positive while being asymptomatic at the 2nd PCR test 3 days after returning to Hong Kong from South Africa, which means it's likely that he got infected just before boarding the returning flight - and OR Tambo airport is in Ekurhuleni.
Interestingly this is the same ORF1b:T2163I which we've just heard about a few hours earlier in the context of #337 where it was seen as a unique addition to AY.43 potentially giving it a super-infectivity edge.
@ContraryJ If no correction the gains on other stocks will cover the loss in puts. Usually but not always. I cannot do all of this in my head I need a program to work out the different scenarios. Sadly my parents do not allow me to do options what a bummer :'( Hence why the only way for risk aversion is to move to cash (well mortgage's offset account which has a i think 2-3% interest reduction)
You have already passed the first and most important test and that is recognizing it is coming. Thanks!! Just not 100% if it's correct.
Do not run from it embrace it and you can make lots of money. Exactly I just can't sadly . I wanted to say "buy" VIX which is today +40%. Or even short, sadly I don't have cash to do it. Absolute bummer. If my predictions are right this time, I'm gonna convince my parents again.
Next test is spotting the bottom soon after it occurs and changing strategy to use the up side. Do not try to spot bottom on way down there will be many false bottoms. Wait for recovery to be solid. This waiting will cost you a little but it is what you Keep that counts. A false bottom can cost a lot. I agree! Fake bottoms can be very very very problematic. Hedge funds like to play around and fish retail investors.
You cannot make, better than average money in a stable market. Strong up or down markets have the best opportunities. Exactly that's the trick! In stable markets, the efficient markets hypothesis reigns supreme - LYC might be good yes, but everything else might not be. LYC was just a fluke due to the green deal, rising NdPr prices etc.
According to my calculations from my models, if you do in fact predict market crashes (GFC, Dotcom bubble) u get a 2x gain over Dow Jones from 1896 to now. If you incorporate market corrections, well u get even more profit!
In general, the only thing that I can do sadly is to place it in cash. Since my parents are adamantly believing they themselves think they can predict the market, yet not trust my predictions which is based on data and historical trends, and careful analysis, they kept 50% in stocks. How sad.
Oh well I need to convince them again.
LYC Price at posting:
$8.45 Sentiment: None Disclosure: Held
. I wanted to say "buy" VIX which is today +40%. Or even short, sadly I don't have cash to do it. Absolute bummer. If my predictions are right this time, I'm gonna convince my parents again.
(20min delay)