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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: ajtj99 who wrote (70189)9/26/2022 10:16:42 AM
From: Sun Tzu1 Recommendation

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ajtj99

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I take a more fundamental perspective here. A lot of bad news is already priced into NDX stocks, which are down now what? 35+%? vs SPX that is relatively much better off. But if we hit a global recession, then SPX companies, on average, have a bigger percentage of drop ahead than the average NDX.

Speaking of oil, @Kuppy (a hedge fund manager) who's been a very cocky proponent of oil, was out today telling everyone not to be a hero and not buy the dips - and he's talking about oil. That is something coming from him, since he was so incredibly cocky about it. Funny enough, at the time I told him that XBI was a much better buy than oil, but of course he thought I was nuts. The relative performance of the two has been incredible at 35%. He could have won a whole bunch of new clients if he had listened instead of staring at the ground in shame.

BTW, HIBL is now up 10+% from where I bought it on Friday. UCO (oil) is up only 3%.
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