If you have 401k with no load fee either front or back end wait up for the international market to sell hard (like on Friday -4%) while the US was going solid green into the close (+3%).
Put 100% your nest egg in from cash to international growth stock, sure enough by 6 pm it's up, but only by 1-2%, depending on fund. You already nailed 3-4% arbitrage at this point. Then on Monday you get an additional session in which most of the SPX gain happens before 11am (30pts, we closed at 33pts) and add 3-4% more to the "arbitrage" gain we forecasted off friday.
The result is a 6-8% risk free. You only need $200-250k to make the ENTIRE of next year contribution and some change to boot.
Now turning to more serious topic and maybe, philosophy.
Roads add to supply. Adding roads don't add demand.
Buildings add to oversupply. Building houses/malls/buildings don't add demand.
Basic education adds to oversupply. Cheap labor is ALWAYS on the rise. Only specialized training gets you somewhere new.
Black dude doesn't get it.
Grab his money hand over fist. TC, AA, CX, BGC. Then run.
In the mean time, watch the 61.8% Fib and 100% Fib of your favorite consumer and financials name. (If you can find the shorts, that is.)
The right enemy
1 year ago