Comments
Transcript
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JSHe said the cartel?
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AJWhats the probability of them reducing leverage / market access for retail investors in the next few years if all the newbies wipe themselves out?
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BKGreat episode by Ash and Ed on the retail investor and options for stocks.
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KRWhat's with all the soccer talk, are you a sports announcers or financial experts?
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AHI really love the insertion of soccer during Ed's into!
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DMGreat conversations Ash, Jack, Ed—thanks to all.
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FGIt's easy to be gloomy: Nobody can blame you if things turn sour. I've heard Ash being market-negative since I 1st saw him on this show. Markets have proved him absolutely wrong. And even if markets drop like a rock tomorrow, attitudes like Ash's will prevent you from joining the upside party that has been this last half-year. That opportunity is lost, forever. The thing is: The ECONOMY is DIFFERENT from the MARKETS. This seems so difficult to understand for some people. Ed, on the other hand, is perfectly conscious of these facts and lives by the famous phrase: “the markets can remain irrational longer than you can remain solvent.”
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GHThanks for the heads up re the Benn Eifert interview; this fits into my ongoing options self-education. But what I really want to know is — JACK — what are the names of the gorgeous doggos in the picture behind you?
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LEI love when you guys talk options. Its a topic I know very little about and not a product I’ve ever used. If anyone has any good books about options please let me know. Keep up the great work on the RVDB!
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FLdid you really say this time is different?????
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SBLove you guys. It is interesting that 'portfolio insurance' was the derivatives tail wagging the dog in '87. A very different scenario today, but I wonder if we might end up with a similarly unstable system!?
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IMThanks guys, i love the football anecdotes Ed, keep them coming!
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VFI'm waiting for the Real Vision feature that warns you if Ed is going to talk about soccer and then promptly skips over that portion of the video. Besides that, love ya Ed!
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DGI think the other thing that has amazingly fallen off the radar is covid. What if we have a major spike in cases this fall will there be another lock down?
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LR3 - 1 to the Blues Ed! Felliow CFC fam here ;)
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MDJack and Ash went shopping for shirts together this past weekend..nice boys
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RCJack always delivers the best intros.
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DBWonky, in the weeds. Love it. Nice job Jack, Ash and Ed!
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VNAsh, I would have also bet that CTA's would have done well in this environment. The ones that offer mutual fund format (although there are some obvious limitations there) have not done so - AQR, Abbey - basically flat both YTD and over the last 3 months...
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GBDisappointing performance by Ruben Loftus Cheek Ed but we will take the 3pts!
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DSThe value of corporate stocks can and are separated from the real economy from a value investment point of view. We are dealing with a simple supply/demand curve now. There is a limited supply of stocks to buy. There are even fewer stocks that many investors know and want to buy. There is a pile of money flowing into the stock markets from many directions. It does not matter from where. It is simply a massive amount of leveraged cash chasing a few stocks. When the flow of funds from all over the world invested in the market slows down, supply and demand will lower the market price. If interest rates are normalized, the price of stocks will be re-evaluated. Until then it is a trader’s market. The precious metals/Bitcoin seems to be a side market reacting to money flows in the same way – money in, price up. It seems almost like collecting Pogs in the 1990s. We continue to assume the real economy will someday be reflected in the classic valuation of stocks. Maybe not, or it may take longer than we think. DLS
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MJEd could have been shorting housing here in Australia since he was a whipper snapper trading options in 1999 and having his clock cleaned the whole time
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LLAnd you have to only take a look at Reddit's WallStreetBets community and the sprawl of Youtube videos on their posts and users to see the enthusiasm/mania that retail traders have in taking positions using saved up cash/government subsidies in options to view this retail phenomena. Some posts are gold but most users just post bets gone very right or very wrong...