Listen: Netflix, Blockbuster, Eric Balchunas discussed on Animal Spirits Podcast
"Investing is kind of counterintuitive at times depending on and maybe crawl out of people. It like don't look at the underlying holdings. Right. If you're using a quantitative process like. I mean, also you have to know what you own because. Yeah factor. It's like such a catch all it can meet so many different things. So you must have seen this tweet floating around. I don't know who tweeted it. But it's from September two thousand eleven from blockbuster tweet wire leaving Netflix, the top three most creative tweets. Using goodbye. Netflix. Heche goodbye Netflix will win a one year subscription to blockbuster. So I used to use the blockbuster DVD when they tried for a while to send you DVD's to your house like Netflix did like they're trying to compete with them. I should have bought Netflix that day because right when I sign up for that program because it was awful, you'll get your DVD's like a month later. It never worked this. Is there still isn't there? Still one blockbuster in the country or something in Alaska is deal. Okay. All right. This is a fantastic tweet. I think it's a legitimate resident at my senior living facility brought up Tillery today. I am not making this up. I mean, it's on the internet. So it has to be true. Right. So so seniors are trading. We'd socks though, it's going on here. Maybe he's trying to hedge his glaucoma with two more tweets. Sorry. This is actually a few months back tweet every show, but these are very good. This is from the scientists hitting show SAP five hundred annual earnings estimates, and you see a pattern here because I see pattern here. This is a great. I've I've seen this trip before they start high-demand alot. And it sounds like two thousand nineteen ones are rolling over already. Yes. What's technically, you perform technical analysis on these? Sometimes I stay away. I don't do that. So we've spoken a lot about what happens to active Ursus indexes in the next bear market, and Eric balchunas has been on the forefront of this. And he tweeted active mutual funds on an estimated five hundred thirteen billion dollars and outflows last year the most ever with over half of it coming out in November and December alone. So he did have a huge active outflow in December. We talked about that a good one member last week. I think you said that a lot of these producers know exactly what they're doing when they put out ridiculous tweets. Yes. So there two this week one of them is from Yahoo lifestyle and the. Tweet is influence our says she was on a top and cocaine diet to stay thin. Here's why that's not healthy. So this got nine hundred or tweets almost four thousand light aches. And I'm sure Brazilian responses didn't really need that last. That's like a savior click. Don't need to click. Right. Then finally from CNBC. This is fantastic. Here's how much money it takes to be among the the richest fifty percent of people in the world. And boy, honestly, I think that they've just figured out how to trigger people online. Yeah. And that's that's all of it. Okay. Listener questions. Let's is the success of trend following strategies doomed in the modern world of lightning fast corrections and recovery's. Given they typically relocated a monthly basis using something like two hundred average or they simply too slow to be successful. Actually, I would say maybe the opposite that the ones that are too fast or not working anymore because people's timeframes are getting shorter and shorter that maybe the longer two moving averages actually will do what they're supposed to do. And are they simply too slow to be successful. If you were just using the two hundred moving average as an inter- you pretty much road like the bull market for what two two years two plus years. The thing is any of these technical strategies, you're never gonna time it perfectly and the other thing is that we aren't really living in a world of lightning fast recovery in corrections. So I did this in my post last night. I I looked at recovery's and corrections in this was from something we talked about I finally put this done on paper. And I looked at pre and post ninety ninety five with recovery's and corrections. And there was no difference. It's. It's all the same e- before. Computers. Africa Peters, doesn't really matter.."