Author: Lawrence Chan

This option expiration Friday we got this whiplash move within 10 minutes from close on all the major indices. I’ve read that another $2.1 trillion dollar worth of options to be settled on Friday. What a way to end the week.

I did not forget to write my weekly blog last week. I couldn’t because of some freak accident and most of the week I could only work a few hours a day. I am much better now but it will take some time before I fully recover.

Here is a clip of Andrew Huberman talking about testosterone. If you think you are low on testosterone, you may want to try out some of the suggested supplements in the video.

For those of you interested in crypto, you all are aware of the FTX scandal. Patrick Boyle made a great video summarizing the situation. It is a bit longer than the other videos Patrick made because the story of FTX is indeed very complex.

Lately I have seen a disturbing trend of big firms coming out to say people can buy into this bear market rally because it may have legs. And there are all these active traders who claim that the bear market is over already. Whenever the big firms telling us something, their motive is to drum up business and it is never about having the correct call of the future. At the same time, there are reports that dark pools are seeing size players unloading their stocks at record speed these past two months when the stock market has been rising.

I refer you to this video on Michael Burry’s latest tweet. What I think Burry believes is that we will see the stock market go lower a lot more from the current level. Many people do not believe that’s the case. Many even calls Burry a broken clock because they think he always call for market crash. This particular belief about Burry is wrong. From his track record, Burry’s calls are often early, by 6 months to a year. The reason why he is always early is that when all the factors are in place leading to some disruptive changes down the road, you still need a catalyst to end the current trend.

For example, even though the current stock market environment is ready for a dive, without some external forces the stock market can stay range bounded for a long time. It does not need to go higher or lower by much. In fact, throughout history of the US stock market, there are many years in the past where the indices went nowhere.

After typing this up, I am already drained. Will go back to rest.

Have a great weekend all!

And an early Happy Thanksgiving to my US readers!

Another week of crazy swings in the stock markets worldwide. As of today, the only things I read and watch everywhere is that the stock market can go higher from here. Notice that so far, there is no panic selling from the retail side yet. We are talking about ten months of stock market decline that there is no net outflow from the stock market. Given this is a game of majority lose it all, I will not be surprised that the bulls’ resolve will be tested soon.

A great recap of what happened this week in the financial world. The video is long and the outlook is dark. But then we already know what it is.

For a funnier take of the current situation, no one tops Hugh Hendry. Enjoy!

Some friends asked if it is a good time to buy a house now since the price has dropped quite a lot in some part of the country. Here is an interesting take on the current situation in the real estate market. If what the guest of the show said materialize in coming months, it will take a long time for any major cities in North America to see the bleeding stop in their real estate markets.

To give an example about the real estate markets here in outer area near Toronto here. I have seen houses that were sold at like $1.8 to $2 mil Canadian dollars back in February / March at the peak, have their neighbours selling at $1.6 mil and below lately. Same size, same area, just lower prices. The interesting part of this dynamics is the bullwhip effect where those buyers who bought at the top are trying to rent their properties out at a price level that makes no sense.

In short, these buyers have no idea that you can’t price a rental property based on what you want to make from the property. Renters cannot and will not need to pay up unless they think your property is a good deal. Only those reasonable landlords who understand the responsibility of a landlord know how to attract good tenants.

For those landlords who have not read the laws on how to be a landlord here in Canada, here is a friendly reminder – you better catch up now or you will be punished by law very soon when the tenants are getting frustrated in coming years.

I have a very bad cough for almost two weeks now. Can’t sleep well when one has to cough every few minutes. That affect my work progress a lot.

Don’t like it but I rarely get sick … may as well enjoy the feeling of being unhealthy until I recover.

Have a great weekend all!

The S&P500 index closed at its lowest level for the year even after European Central Bank came out with their lies about much lower anticipated interest rate going forward on Thursday. Some people may call me spreading misinformation about ECB. But I stand by my words – the timing of the announcement is exactly the same way as what they did in the past financial crisis situations. I have seen enough after decades of dealing with their b.s.

Next week is option expiration week for the month on many stocks related markets. So another roller coaster ride is likely. And now we have seen many companies are guiding lower their future earning estimates. The sell pressure will continue to build up.

A very important video for everyone to learn from. I always talk about how dumb these pension funds are. Once you understand more about this drama in UK, you will wonder how long it is going to take for pension funds in other countries to blow up …

A funny video from The Babylon Bee. Since I do have mustache, maybe I need to shave that asap to avoid being picked on.

As expected, even though truth finally coming out slowly about Pfizer and its product, why are we not seeing any criminal investigations against the company, and more importantly, no arresting of those politicians who cooperated with them yet?

I am very busy working on my various projects as usual. If you have sent me email this week and I haven’t replied yet, don’t worry. I will work on my replies later on today.

Have a great weekend all!