Don't let the Bear rally fool you
Degenerate Business School
English - March 28, 2020 21:00 - 39 minutes - 27.1 MB - ★★★★★ - 16 ratingsInvesting Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Wondering what happened this week?
The Bear market of our generation lurched upward as news of the $2T stimulus resounded and the big boys exit their hedge positions (see Pershing Square).
But don't be fooled. Unemployment claims are soaring to the heavens and the recession that follows will be truly terrible.
That is not to say if you held on to SPXS, like we did, you didn't get absolutely drubbed this week. But hold fast friends, the worst is yet to come.
If you're looking for BETA in these wild times, we turn you to the great tech monopolies. While they've been collateral damage to the sell-off at large, the argument could be made that they won't drop much further. We discuss what Robert is mortgaging his savings on.
And of course, the Degenerate Portfolio, which took a pounding this week on the Bear rally.