Half the year has gone, poof. I'm still in Singapore. What happened. This year has been absurd. Maybe we're all dead already and this is hell created by Thanos. With regards to Covid-19, no matter what you say the statistics say that even though it may be contagious, it's not deadly. So what's the real agenda behind all of this madness?
The only two highlights I really have for the year are attending a cousin's wedding and seeing the SpaceX launch. That's pretty much about it.
Here's some real science. An average quart of seawater contains up to 100 BILLION VIRUSES. Should we all hide underground now and never touch seawater ever again? Ridiculous.
Economically everything is changing before our eyes. Entire industries are collapsing and some are never coming back. This is accelerating creative destruction of the economy. Retail is dying even faster than it was before. Who knows how many retailers will be left from this worldwide fiasco? Frankly I do like the retail shops, since you get to go in, touch the actual fabric and try on the actual clothes. Hotel chains are fast dying as well. Food places are changing to online delivery. All cinemas are closed, movies are becoming a memory. Either you adapt or go bust. Which brings me to technology.
The stock markets are now led by technology. The NASDAQ Composite (IXIC) is leading the S&P and Dow Jones. I don't deal with deep in depth fundamentals, since everything is priced in, but what that's telling me is that technology is going to lead the economy from now on. The IXIC is now at a record high, and my bold prediction is that it's going to keep going higher from now until end of the year and probably even next year. Target for IXIC is 15K by end of this year, that's around a 50% upside. Probably with the launch of a vaccine it's going to go even higher. The only real question mark that I can think of is whoever is going to win the election is going to have an affect on the market in the very short term. You might say it's a bubble, but I'm going to argue and say that it's not. The IXIC made a new high in record time. Tech is going to become even bigger, and the tech companies are definitely going to become even more powerful. Whether or not that's a good thing is another question but that's just the path going forward.
Remember the physics formula, work done = Force x distance moved?
So diagram A's work done is 500 joules.
To move the object the other direction over the same distance, requires 500 joules. To exceed the same distance, requires more than 500 joules. The IXIC has exceeded the old high which means there is a bullish case for it to go even higher. The fact that it took only a short time to actually bounce and exceed, the market is telling you the affect that the virus has an almost negligible effect in the technology sector. Yes the Dow and the S&P are still lagging, but I believe they will be at record highs end of this year as well, it's just that tech will lead.
Also with survivorship bias built into the indexes I'll be surprised if the markets do not make new highs by end of the year. Stocks that don't make the cut will just be culled and replaced by the survivors.
In other news (or madness), I'm moving back to Sweden. I know what I said about Sweden before, but honestly, I can't really tolerate working and living in Singapore. Especially with my parents and brother, but that's another story. Sure I can get a higher salary here, and there's plenty of good food around, but I just can't see myself here for the long term. Me being in Sweden is only going to be temporary. I intend to move to Canada. I was already interviewing in March before Covid-19 hit, even did an interview. But alas the borders are now closed. And companies stopped hiring. I interviewed for Sweden in Feb, and whilst the visa was being processed I got contacted in March from a company specialising in hiring for Canadian companies and I can't say no to North America (it's the only continent left which I want to work and live in), but you know, all of that has been halted now. Regardless, I'll still be learning as much as I can in Sweden and well, doing my best, despite of the conditions. Until I move to Canada. Hopefully I'll move by end of this month to Sweden, I was due to move in March until Thanos snapped his fingers, it's been months and months. Next Monday I'll be interviewing with Discovery Networks, they're supposed to be my first client. I don't see any large obstacles, it's going to be pretty straightforward. I've even prepared for the move, by purchasing a portable monitor and other necessary things so I can work at home since that's what's happening now. If not for Dubai I would already be living in New Zealand, but that's life I suppose. I do like New Zealand it's just that it's pretty far away from everything else. The past few months have only told me life is too short and you have to be living your life regardless. I've only been going out to buy food and doing exercise, it's really been quite dull.
Fingers crossed, toes crossed, I will be moving soon!
The only two highlights I really have for the year are attending a cousin's wedding and seeing the SpaceX launch. That's pretty much about it.
Here's some real science. An average quart of seawater contains up to 100 BILLION VIRUSES. Should we all hide underground now and never touch seawater ever again? Ridiculous.
Economically everything is changing before our eyes. Entire industries are collapsing and some are never coming back. This is accelerating creative destruction of the economy. Retail is dying even faster than it was before. Who knows how many retailers will be left from this worldwide fiasco? Frankly I do like the retail shops, since you get to go in, touch the actual fabric and try on the actual clothes. Hotel chains are fast dying as well. Food places are changing to online delivery. All cinemas are closed, movies are becoming a memory. Either you adapt or go bust. Which brings me to technology.
The stock markets are now led by technology. The NASDAQ Composite (IXIC) is leading the S&P and Dow Jones. I don't deal with deep in depth fundamentals, since everything is priced in, but what that's telling me is that technology is going to lead the economy from now on. The IXIC is now at a record high, and my bold prediction is that it's going to keep going higher from now until end of the year and probably even next year. Target for IXIC is 15K by end of this year, that's around a 50% upside. Probably with the launch of a vaccine it's going to go even higher. The only real question mark that I can think of is whoever is going to win the election is going to have an affect on the market in the very short term. You might say it's a bubble, but I'm going to argue and say that it's not. The IXIC made a new high in record time. Tech is going to become even bigger, and the tech companies are definitely going to become even more powerful. Whether or not that's a good thing is another question but that's just the path going forward.
Remember the physics formula, work done = Force x distance moved?
Taken from physicsclassroom.com
So diagram A's work done is 500 joules.
To move the object the other direction over the same distance, requires 500 joules. To exceed the same distance, requires more than 500 joules. The IXIC has exceeded the old high which means there is a bullish case for it to go even higher. The fact that it took only a short time to actually bounce and exceed, the market is telling you the affect that the virus has an almost negligible effect in the technology sector. Yes the Dow and the S&P are still lagging, but I believe they will be at record highs end of this year as well, it's just that tech will lead.
Also with survivorship bias built into the indexes I'll be surprised if the markets do not make new highs by end of the year. Stocks that don't make the cut will just be culled and replaced by the survivors.
In other news (or madness), I'm moving back to Sweden. I know what I said about Sweden before, but honestly, I can't really tolerate working and living in Singapore. Especially with my parents and brother, but that's another story. Sure I can get a higher salary here, and there's plenty of good food around, but I just can't see myself here for the long term. Me being in Sweden is only going to be temporary. I intend to move to Canada. I was already interviewing in March before Covid-19 hit, even did an interview. But alas the borders are now closed. And companies stopped hiring. I interviewed for Sweden in Feb, and whilst the visa was being processed I got contacted in March from a company specialising in hiring for Canadian companies and I can't say no to North America (it's the only continent left which I want to work and live in), but you know, all of that has been halted now. Regardless, I'll still be learning as much as I can in Sweden and well, doing my best, despite of the conditions. Until I move to Canada. Hopefully I'll move by end of this month to Sweden, I was due to move in March until Thanos snapped his fingers, it's been months and months. Next Monday I'll be interviewing with Discovery Networks, they're supposed to be my first client. I don't see any large obstacles, it's going to be pretty straightforward. I've even prepared for the move, by purchasing a portable monitor and other necessary things so I can work at home since that's what's happening now. If not for Dubai I would already be living in New Zealand, but that's life I suppose. I do like New Zealand it's just that it's pretty far away from everything else. The past few months have only told me life is too short and you have to be living your life regardless. I've only been going out to buy food and doing exercise, it's really been quite dull.
Fingers crossed, toes crossed, I will be moving soon!
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