Cathy Wood's ARK is sinking...........

Jim Cramer called her out and said she was like a first time money manager and was doing nothing to protect the downside, blindly thinking she is smarter than the market.

Blowtorched her.
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She's down like 68% from the high
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It's not exactly the Q's but more than half the NASDAQ composite was down 50+% heading into the week. It's been brutal on a lot of those stocks for a while

I saw this weekend that generic bonds, if it held through end of quarter, would be off to the worst 1st Q in 40 years. It looks like Vanguard's BND is down 4% ytd. That doesn't even include the fact that the Real yield is crazy negative.

I feel bad for people retired or close, I have no idea what you'd do. We have multi-decade high inflation and I think cash would have been the best place to be so far this year.
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That's almost a compliment coming from him, Cramer is a fucking hack.
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The actor?? Whose your financial advisor...Jerry Lewis?
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Sometimes I think so.....:-)
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I can’t imagine this is the bottom.
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About to fund a significant CRUT, I know they say you can't time the market but damn if this doesn't feel like I'm about to feed the bears.
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I was watching a video yesterday that listed all the major "events" effect on the stock market and the "Bottom" occurred an average of 22 days after the beginning of the event. And recovery started, on average, 47 days after.

So, if Ukraine is the Event. We're entering 20 days now I believe.
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I'm going to take about 10-12K and start to nibble at small positions of good stocks that have been beaten down.

I need to run some screens...
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SPYs opened above the 20 day SMA. Could possibly be the first day where all the price action is above the average since early February.

That's the good news...


QQQs are up against the 20 day SMA and could turn back down.

That's the bad news.

A positive week of price action would go a long way to start taking the down trend out of this market.
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Interesting article- stock pickers consistently can’t beat the S&P.

Last year was a great one for the U.S. stock market. It was another disappointment for most stock-picking fund managers. https://t.co/gEgSHX7dvC

— The Wall Street Journal (@WSJ) March 16, 2022

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I've come to the conclusion that a big part of this is the massive tech stocks that are so heavily weighted. The only way to beat the S&P for the past several years is to overweight yourself in the FAANGs, which goes against the traditional strategy of diversification. You're either diversified and underperforming the index, or you're overweighted and hoping that none of those stocks melts down.
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You can expect the FAANG stocks to do poorly this year simply because I'm loading heavy into AAPL and GOOGL now.

If and when AMC ever pops I'll dump that money into them also.
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1/4 point rate hike...Fed sees 6 more coming this year. Market had sold off but is trying to bounce back here.....
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