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Hi Derf. Wasn’t paying much attention. Mine overall is about “as flat as flat can be” for the day. While oil rose (on fumes I think) and energy held up well, a lot of commodities and gold got whacked pretty good. My mining fund fell 2%. So, that divergence alone, served to “muddle” the score card for different investments today. Bonds seemed to go nowhere. (Shorter duration gained a bit.) Utilities rose for at least the third day. Tech was down. Real estate down. I think the 10-year rate year ticked up just a hair. No real pattern. Lots off “Yack Yack” about tomorrow’s Fed statement. Look for them to punt - but to do so decisively.
What caught my fancy today was the story on DraftsKing. If ever there was a stock I’d want to own based on personal experience, that would be it. Thoroughly enjoyed wagering on B-Ball last winter and think DK has the best site around - plus good customer support. And, wisely or not, more and more states are legalizing online gambling on sports. Trend will continue.
But … criminal $$ involved in gambling? Heaven forbid! It’s an interesting story and you wonder if it’s just a case of a short seller “shooting em in the back” - or if there’s some truth in the story.
Not to be too picky, but ISTM anything less than a .25% daily move (up or down) is pretty insignificant. A matter of which way the wind blows. I tried to find some type of chart online displaying a hierarchy of daily investment change. But (perhaps understandably) nobody’s bothered to publish one.
Comments
What caught my fancy today was the story on DraftsKing. If ever there was a stock I’d want to own based on personal experience, that would be it. Thoroughly enjoyed wagering on B-Ball last winter and think DK has the best site around - plus good customer support. And, wisely or not, more and more states are legalizing online gambling on sports. Trend will continue.
But … criminal $$ involved in gambling? Heaven forbid! It’s an interesting story and you wonder if it’s just a case of a short seller “shooting em in the back” - or if there’s some truth in the story.
STORY
Maybe …
Hierarchy of Daily Portfolio Loss
0% - .09% essentially unchanged
.10% - 24% slight
.25% - .49% minor
.50% - .99% moderate
1% - 1.49% significant
1.5% - 1.99% large
2% - 2.99% very large
3% - 4.99% serious
More than 5% - Lord help me