Posts
First they came for the Nasdaq
And I spoke out
Because the Internet really needs more bloggers stating the obvious
Here's something less obvious. Next they came for utilities? Interest rates have risen. The spread between utility dividends and the yield on the 10-year Treasury bond is dangerously narrow. Those who bought utilities as a bond replacement (such as myself) should be finding less value there now. For what it is worth, it is that narrowing spread in "safe stocks" that triggered my flight to safety just 10 days ago. The situation has definitely not improved.
Plenty of risk out there and not much value. Doesn't feel at all like it did through most of 2021. The headwind to tailwind ratio has increased dramatically.
5 comments:
Frankly, I was expecting a worse open in stocks today. But the day is not over. A crash into the close again might trigger some phone calls from Mr. Margin.
As long as crypto crashes harder, I will enjoy the ride. Bitcoin down 7% today, ethereum down 10%. I'm sure someone put their life savings in an 8-bit NFT image of a tulip. At least I'm not that guy.
My sleep quality is crashing with the stock market, and I’m not even in it!
I’m binge watching Netflix to cope but it isn’t working. Not their shows. Their stock. It’s down 20% today.
https://youtu.be/K_CuaSNjrJA
We have a LOOOONNNNGGGGG way to go to reach 2019 numbers.
Who Struck John,
I’m also a LOOOONNNNGGGGG way from buying the dips. Way too much downside risk left for my liking, even with long-term Treasury yields plummeting.
Blues Song Idea: Final Hour of Trading
It’s been a recurring theme this week. *cringe*
Post a Comment