I've talked about so many different aspects and angles of the Contrarian Fund strategies but not sure I've gone into much at BMR.
One thing here is to note that the line was not only getting hit on the OVER, as I said could come, but the market blinked on it and is 159.5 in many spots.
When the market holds, like they were at 158 or so, but takes in that money, it can increase some contrarian metrics. It's the epitome of that low line that feels like a trap.
But they blinked, huge, before the last hour of trading too. While the number gets better for for the Contrarian Fund, some contrarian metrics get worse. It's a complex formula or better put set of formula that can sometime cancel each other out.
So is there still a contrarian look on this UNDER 159.5? Yes, to a degree, but the make up of the strategy looks different than it did before.
Just something I thought I'd mention to those interested. I know
@purplegrape has likely missed a lot of my BMR writings and I should tag him more often.
One of these days I'll get a daily livestream or show where we run down the markets. Full of shit like this stuff in this thread and other recent threads.
