"There are at least six different market types. You should understand how your system will perform in each of them."
a. Bull volatile
b. Bull quiet
c. Sideways volatile
d. Sideways quiet
e. Bear quiet (almost doesn’t exist)
f. Bear volatile
"There are at least six different market types. You should understand how your system will perform in each of them."
a. Bull volatile
b. Bull quiet
c. Sideways volatile
d. Sideways quiet
e. Bear quiet (almost doesn’t exist)
f. Bear volatile
Volatile days for commodity investors will be ahead. The financial atomic bomb in form of a Russian exclusion from SWIFT could cause additional trouble. The odds are high that Russia would stop oil, gas and wheat exports into the EU as soon as the SWIFT exclusion would be ratified. As Russia is the single most important supplier for the EU - this could lead, once again, to lots of trouble for energy and grain prices.
Putin follows a Stalinesque ideology given his upbringing. He views the fall of the USSR as the "greatest geopolitical catastrophe of the 20th century." Putin wants Russia to be the global dominant force with the annexation that only begins with Ukraine.
"~2/3 of stocks underperform the index, ~50% have no ROR, ~25% go to zero. It’s these big outliers that really make [all] the performance. The power law of investing, 5-10% of stocks generate all the returns."