Recovery Sooner Than Later?
The market is supposed to be a forward-looking discounting machine. It’s supposed to price in what’s expected to happen over the next few months and years. Is the market perfect at this? No. If it were, there would be no real opportunity to do well in it. The market is, however, very good at incorporating…
Malt liquor isn’t good for dogs, Rob. I hope you refrained from sharing.
Awwww. A little pitbull puppy leading you up the stairs. Very sweet. Was the malt liquor yours or duke’s?
gack nolissa that must have been rough! i was on a 4th floor walkup at the time. it’s funny cuz i had just gotten my pitbull duke just like 2 or three weeks before the blackout happened. he was so cute leading me up the stairs in the pitch dark. and then we’d cuddle in the dark sticky blistering heat on an inflatable mattress that reeked of malt liquor. good times!
*rob*
I had never lived through a blackout before and I was in a high rise (luckily only 6th floor) on the UES. I never knew about the reason you’d want to fill up your tub during a blackout because eventually the water tank on the roof would be empty and you’d get no more water. I got home late and was putting up two friends who couldn’t get home and needless to say, by the next day that bathroom was unbearable with nothing to flush the toilet with!!!!
Just thought I’d add that bit of info for those of you who have always lived in a brownstone and always had running and flushing water.
Beta describes how a stock behaves relative to the market. If the beta is over 1.00 then the stock moves up more than the market does when the market goes up. Conversely it moves down more than the market does when the market moves down.
Beta is a historical relationship and I think oftentimes a stock’s current likelihood to outperform may not be accurately measured by its historical beta. In the case of what we are experiencing now, the stocks that have gotten hurt the most are looking to be the ones that perform best when the market goes up irrespective of what number beta they have historically had. For example, FXI has a beta of 0.83 but its doing far better than the market.
When I said in the first post that “the market is clearly seeking ‘beta” I meant that its looking to take on additional risk in things that have always looked risky but would do well in what looks likely to be a strong market.
We were definitely 2 nights and moving toward a 3rd when we went back on. One of the last nabes I suspect. And I was 36 weeks pregnant, walking up 6 flights of spiral stairs, cursing like a sailor.
i was on the lower east side in manhattan when it happened. we were one of the last few to get power. there was no electricty for def. 2 full days and nights. it sucked. and the bodegas wouldn’t sell candles to white kids lol
*rob*
What is ‘beta’ Dave, and why is it good?
The blackout was 2 nights…??