A History of IPO Price-to-Sales Ratios
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I Am Not Believing the Inflation Numbers
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My Tweet of the Day
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The Inflation Myth
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The Opposite
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The Paper-Thin Equity Risk Premium
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There Was More Than One Comeback Last Night!
* The NY Knicks had the greatest comeback in NBA Finals Playoff history
* The S&P and Nasdaq futures’ recovery was not far behind…
S&P futures were -45 last night (at the lows) and are now +55 handles — a rally of +100 handles on no news!
I am covering the balance of my index longs from last night (at 508 AM):
* $SPY $731.39
* $QQQ $702.46
From last night:
Dougie Kass10h ago
I have reestablished a trading long rental in the Indices:
* SPY $723.35
* QQQ $690.05
Dougie Kass 9h ago
The after hours has grown volatile.
Futures were down 45 handles from the close, now -17 handles
I want to enjoy the Knicks game.
I covered 745PM most of my Index longs for a small profit – now very small:
SPY $723.55
QQQ $691.53
Position: None
Oscillator Moves Back to Oversold
The S&P Short Range Oscillator moved back into oversold territory at -0.61 % vs. 0.24%.
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Finally Oversold
With Wednesday’s drop, the S&P Short Range Oscillator has finally moved into an oversold (small) at -0.61%.
Position: None
Trading Long Rental in the Indices
I have restablished a trading long rental in the Indices:
* SPY $723.35
* QQQ $690.05
Position: Ling SPY (VS), QQQ (VS)