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Non-Tech : Kirk's Market Thoughts

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3:59 PM EST

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Kirk ©

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To: Kirk © who wrote (18754)	4/30/2024 4:20:05 PM
From: Sun Tzu	2 Recommendations of 27178

A cap weighted index, such as S&P500, is in essence a trend following momentum play. It automatically reduces the weight of the losers and reallocates to the winners. Additionally, S&P has profitability and liquidity criteria that spans years and usually covers a fully business cycle, which filters out companies with terrible fundamentals and those without resiliency. And on top of this, the committee uses judgement to select stocks within each sector and navigates the sectors. This means that SPX is an actively managed fund. There is nothing passive about it. And yet so much of the industry refers to it as "passive investing" and pretends that what happens with SPX is representative of the market as a whole or stock performance over the long term. Anyways, this was a good day for me. I made a big bet on TSLA yesterday before the close and closes it 25hrs later (i.e. today) on the account of it (and the the 195 above it) ballooning to double digit percentage of portfolio and I did not wanting to be too greedy. 120% should be enough...then MSOX took off with 50%. APLS was a GTC buy order that got filled today near the low of the day. :)

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