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Jesus.
I guess that’s the answer to my ‘equity premium’ question from a while back.
It's a piece of information that may or may not be as extreme as it seems.
the $1.6 billion of puts represents the notional value and not what his fund paid for the puts
Or what he may be short or whatever else doesn't have to be reported.
It’s also from months ago so has already lost (on paper) money
In the movie, isnt his famous quote "I may have been early, but im not wrong"?
Or like jong who will put up a chart of one day and call out a loss etc..
Like this?:
Attachment 467631
I think the only time I’ve posted a one day chart is to ask what may have caused a precipitous drop.
Like this?:
Attachment 467631
I think the only time I’ve posted a one day chart is to ask what may have caused a precipitous drop.
This is gold Jerry.
NSFW
https://twitter.com/alifarhat79/stat...kVMoz11Pw&s=19
It seemed much like right wing humor, really not that funny. You guys have a low threshold for the giggles.
Anyone else buying REITs? High rates have been crushing the triple net companies, seems a good time to buy in and lock in some decent yields. I’ve been buying O, PINE, and WPC, have MPW in the portfolio as well but not quite as bullish on them anymore. (Although, if they get some tenant issues sorted out could see a nice increase.)
It just feels like easy money buying on the way down. Last fall I did the same with GOOGL, AMZN, and AAPL, the prior two fall seasons it was energy.
When I first started fucking around with this shit I bought in on a covid battered market and applied myself to finding bargains that would rebound. I thought after the first year I’d be fucked and have been a one trick pony with a little cash made and be happy. As I keep doing it I’m beginning to figure it out a bit and realizing there always seems to be a bargain around somewhere or another.
Read the shit out of everything you can find, even paying for it. I’ve found paying for an info system pays for itself. There is money to be made, grab some for yourself.
Don’t be me and scrambling to get the fuck retired, invest while you are young and get the fuck out of the rat race.
Ahhh, the advice of a man who has never experienced a true bear market.
Ahh, shit posting as usual. Do you ever have anything positive to say?
I own a lot of CMBS in my funds: PAXAS, FMSDX, PDI, PAXS. It's worrisome and after dividends I'm about even all in after 16 months. If you're bullish REITS the debt offers great yield and chance for appreciation to maturity. For those following along I swapped out of EMB and BOND a couple months ago for PASAX (Smart Beta Income with TIPS benchmark) and out of JEPI for PASX. Very happy with the swap. FMSDX is performing well too after I bought it at absolutely the wrong time. FMSDX trades a lot and jumped on the tech momentum trade at the right time this year.
FMSDX top equity holdings. Really like the flexibility to hedge with options:
Equities ex. Preferred Stock:
Microsoft Corp.
Microsoft Corp. Written Call Options
Apple, Inc.
Apple, Inc. Written Call Options
DHT Holdings, Inc.
Amazon.com, Inc.
Alphabet, Inc. Class A
Alphabet, Inc. Class A Written Call Options Babcock & Wilcox Enterprises, Inc.
Meta Platforms, Inc. Class A
Meta Platforms, Inc. Class A Written Call Options NVIDIA Corp.
NVIDIA Corp. Written Call Options
Tesla, Inc.
Tesla, Inc. Written Call Options
Hess Midstream LP
Lilly Eli & Co.
Eli Lilly & Co. Written Call Options
Energy Transfer LP
Uber Technologies, Inc.
Magellan Midstream Partners LP
Pizza Pizza Royalty Corp.
MPLX LP
Enterprise Products Partners LP
Scorpio Tankers, Inc.
Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc. Written Call Options Snap, Inc. Class A
Micron Technology, Inc.
Micron Technology, Inc. Written Call Options Merck & Co., Inc.
Merck & Co., Inc. Written Call Options
Exxon Mobil Corp.
Exxon Mobil Corp. Written Call Options
Sanofi SA sponsored ADR
That's like 90% tech.
They trade a lot. It will change.
Fidelity[emoji768] Multi-Asset Income has a portfolio turnover rate of 256%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderately Conservative Allocation category.
You’re trading ing pizza pizza on the Toronto exchange? Or is there an ADR for that?
If you’re talking to me it’s FMSDX.
https://fundresearch.fidelity.com/mu...mary/31638R717
It’s my largest holding. Next largest is PASAX. Yield at 6% and rising.
https://www.pimco.com/en-us/investme...sset-fund/inst
uh… ok, i was talking to you, but i was referring your previous list regarding Pizza Pizza Royalty Corp.
I like the name.
Ah, that’s one of the things I like about the mgt. of course that’s only a small portion of the holdings but that’s the top whatever in the equity portion. The manager specializes in convertible bonds and has a large position in Draftkings convertible bonds.
Where they really messed up was very large position in SGHC last year. They own a lot of it’s debt too but it’s profitable company so no big deal.
don't worry folks it's coming and it's faster than ya'll think
three weeks from today the middle class the poor the high rollers on credit will all be shaking their piggy bank looking for some coin
oil at $115 a barrel
the false economy based on low interest rates and cheap money for 15 years too long
consumer debt helocs credit cards over priced used cars on loan
and best of all the clowns we elect to represent us will fail to pass a budget they will continue to fling poo at each side as if what they think does anything other than line their personal wealth balance sheet
the shut down will last well into late January they will keep the stalemate up for the election so they can leverage that into a campaign against one another
then you know christmas break and they will all fly home on private jets to celebrate with their families for three weeks
and finally they will come back from that much needed break and be forced to do something since 60% of the country will be suffering by then
our own elected politicians will be crashing the economy for us
what a great country we live in
Ahh fuck it dude, let's go bowling..
The service economy is 70%+ and impact of oil is less than 4% of gdp. Fed action has so little impact on service portion and service wages are supportive. Those are all good reasons for bearishness.
Fed is so upside down late and with the wrong tools to fight structural inflation.
Powell basically said long rates weren’t his problem in the presser.
That said. Technical Charts are in a precarious position and small caps (IWM) can completely unravel.
Too many things pointing the wrong way. It's making me think of moving some $ back to CDs and other safe, reasonably high yield accounts.
https://youtu.be/M_leNmT7xvM
Entertaining, funny, and horrifying. Murica.
I’m convinced that this is about 80% of why it happens. Self fulfilling prophecy. When you talk about it long enough, which the media will, because they have nothing else to talk about, folks start racing to get out before “the big correction.” Stockpile cash and wait for the bottom is all anyone’s talking about right now.