Quote of the Day
“If you’re afraid – don’t do it, – if you’re doing it – don’t be afraid!”
– Genghis Khan, who I’m sure never said that
5 Things You Need to Know Today
Do You Live in Italy? I will be in Rome Monday-Thursday next week. Send me a message on WhatsApp at 304-281-8332 and let me know if you are available Tuesday evening as I will be doing a special video report for traders.
Junk Bonds Are Getting Crushed. And the carnage is set to continue. Investors are running away from risky borrowers. When this happens, stocks usually follow. It’s not a good time to buy stocks. See the chart of the day.
Some Traders Get up Damn Early. Jim Cramer gets up at 3:45am. Unless his personal trainer is coming over that morning, in which case he gets up at 3:15am. My favorite part of his schedule is that after he tapes his television show, he watches it with his team to critique it and improve. I love that he says he is “vicious” about what he gets wrong.
Huobi DM Launches Real-Time Settlement for BTC FuturesGo to article >>
The Australian Dollar Got Vicious. WOW, this thing went nuts on a very strong jobs report. 71,000 jobs created, versus -10,000 expected. The Aussie dollar may be in permanent recovery mode.
Yahoo Is Not in Recovery Mode. It’s in Life-Support Mode. It’s in real trouble. Today I thought about what I would do if I bought Yahoo’s internet business and got to take it for a ride.
Slack Competitor Goes for a Ride Today. Atlassian goes public on Thursday. The company makes HipChat, which is a strong competitor to Slack. And the company has been profitable for 10 years.
Chart of the Day
Although it looks like junk bonds have fallen far already – they have a bit father to go (at least to 32.00). This ETF tracks corporate debt.
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