Mad Hedge Hot Tips
November 20, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) NASDAQ is Trying to Bottom Here at the February low of 6,700. Still, I cut my highest risk positions by half anyway to live to fight another day. I’m too old to start over as an entry-level trainee at Morgan Stanley again. Click here.
2) The Bitcoin Crash Continues, down an incredible 16% today to $4,200. I always thought that this was an asset class created out of thin air to absorb excess global liquidity. Remove that liquidity and Bitcoin goes back to being thin air. Click here.
3) Another Old Friend Goes to Jail, with the arrest of Carlos Ghosn, the legendary CEO of Nissan. Always be nice to people on the way up because you meet them again on the way down. The auto industry mourns. Click here.
4) US Housing Starts Rise Slightly in October, in a rare glimmer of hope, with almost all of the action in apartment buildings. Can you blame the builders now that purchases of single-family homes have ceased which saw starts fall? The recession is now already priced into some homes for sale. Click here.
5) Oil Gets Crushed Again, down 4%, as recession fears run rampant. Panic dumping of wrong-footed hedge fund longs still destroying the market. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(TRADING FOR THE NON-TRADER),
(ROM), (UXI), (UCC), (UYG),
(CATCH MY ALL ASSET CLASS REVIEW ON “INVEST LIKE A BOSS”)
(A LESSON IN BLITZSCALING)
(UBER), (LYFT), (GRUB), (DPZ), (AMZN), (BABA), (SQ), (PYPL), (NFLX)
