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Rare Black Friday Losses

Daily Rap 11-26-2021

Well, as everyone now knows, angst over the Nu Covid variant precipitated a tremendous amount of motion across all markets. However, I would make the point that the U.S. stock market was just waiting for a catalyst to decline, as it has been sort of running on fumes for many months now. The question is, can it feed on itself to the downside and lose a lot of ground in a short space of time? I believe structurally that's possible, so we'll just have to see how it develops.

Nu News is Bad News In any case, it took all of about 90 minutes for the market to fall 2%, plus or minus, depending on the index. The only areas of real strength were some of the previous lockdown stocks, although I doubt that some of those stocks that "won" in the first round...more

Last year's posts for Ask Fleck

Q: Dalio is doing this thing where he donates 50 to anyone's fave charity. It took me 30 seconds to send it to Roanoke. Simply info, In case other want to do so. thanks!

Fleck: Great idea, thanks.
(posted: 11/24/2021)

Q: Do you have any position in GMTFN?
Do you think the insider buying is meaningful?

Fleck: No, I don't. I don't know who bought what, but it's always a good sign to some degree.
(posted: 11/24/2021)

Q: What scenario could you envision where precious metals investors get their bitcoin era and thus bitcoin (gold) and etherium (silver) type returns?? Feels like it should be now. After being pushed into precious metals 14 years ago just seems like I'm loaded up with insurance waiting on the inevitable car crash and the car just keeps near missing.

Fleck: The one we are in should suffice, it is just a matter of psychology shifting enough for enough people, but I can't predict when that may occur.
(posted: 11/24/2021)

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