Results 10,476 to 10,500 of 18222
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04-06-2020, 12:48 PM #10476
What the fuck is going on? So fewer new cases reported yesterday than the day before means we're winning!
Just met a sub-contractor in the woods this weekend and two houses he was working on the buyers both backed out. They're now spec houses. That's the type of shit that is going to start happening. All the jobs lost are not coming back
I'm optimistic that we'll come back out of this, but the question is how long will it take.
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04-06-2020, 12:55 PM #10477
Even if the dividend on SP500 is cut in half it still beats the 10y note. Still a lot of hedge rebalance going on. Remember that the reaction low coincided with the quarterly expiration so there is a lot of leverage to reconcile in the aftermath.
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04-06-2020, 12:56 PM #10478
Why the fuk is the market green. What a joke
Zone Controller
"He wants to be a pro, bro, not some schmuck." - Hugh Conway
"DigitalDeath would kick my ass. He has the reach of a polar bear." - Crass3000
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04-06-2020, 01:01 PM #10479
People gonna be spending like sailors on shore leave. Go long hookers and bars DD.
"timberridge is terminally vapid" -- a fortune cookie in Yueyang
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04-06-2020, 01:01 PM #10480
Anyone who got out back in?
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04-06-2020, 01:22 PM #10481
Pump and dump, bot driven.
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04-06-2020, 01:24 PM #10482
Jamie Dimon isn't buying.
https://reports.jpmorganchase.com/in...eo-letters.htm
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04-06-2020, 01:55 PM #10483
WMT almost at a 52 week high. Sold it.
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04-06-2020, 02:41 PM #10484
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04-06-2020, 04:59 PM #10485
We're not deep enough into job loss timeline for normal folks to start selling investments or tapping their 401ks. What's the timeline for that?
I'm assuming the job losses are concentrated in the hospitality & travel industries, so maybe the bulk of those folks are not market participants - wait staff don't generally (lots of exceptions) have 401ks and stock holdings, but they might play with Robinhood, have an inheritance in the market, or otherwise have money in the market that they'd tap early to ride out the storm.another Handsome Boy graduate
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04-06-2020, 05:13 PM #10486
I don't think average/many people move the market.
From the nyt:
A whopping 84 percent of all stocks owned by Americans belong to the wealthiest 10 percent of households. And that includes everyone’s stakes in pension plans, 401(k)’s and individual retirement accounts, as well as trust funds, mutual funds and college savings programs like 529 plans.
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04-07-2020, 08:03 AM #10487
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04-07-2020, 08:14 AM #10488
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04-07-2020, 09:15 AM #10489
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04-07-2020, 09:26 AM #10490
Sold BRK/B. Will be back in at some point. I'm a little more than even on CVX. Not so much on XOM.
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04-07-2020, 09:26 AM #10491
Hardly. I have more respect for someone that shows me their losses. I bought XOM at $48, CVX at $89, BP at $29, and VZ at $55 last month. All losses. I was legging out of my bond position prior to the illiquidity event as planned and then panic sold some during the event and it cost me 2% of assets. That's a big mistake for me and kept me too cautious when there were opportunities. All good though, I don't need the risk but I'm trapped doing nothing for a while.
I still like China FXI.
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04-07-2020, 09:47 AM #10492Registered User
- Join Date
- Jan 2005
- Location
- Denver, CO
- Posts
- 1,620
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04-07-2020, 09:50 AM #10493
It is very odd to see the market going up like this. Maybe some WS folks that shorted the market at 25K+, that are pumping it back up to dump it again come the end of April? Who the hell knows these days. I bought XOM at $38.50. But that 20/20 hindsight thing. My foresight is not so good though.
"We don't beat the reaper by living longer, we beat the reaper by living well and living fully." - Randy Pausch
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04-07-2020, 09:54 AM #10494Banned
- Join Date
- Oct 2003
- Location
- In Your Wife
- Posts
- 8,291
Mass layoffs are good for business. Companies are reducing their overhead through layoffs and shuttering large office buildings and it's saving them more money than they're losing from the productivity hit they're taking. This is a win for the oligarchs.
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04-07-2020, 10:25 AM #10495Registered User
- Join Date
- Jan 2005
- Location
- Denver, CO
- Posts
- 1,620
Seriously, I bet a bunch of banks and other businesses never open up a large number of branches again. Why would you now that your customers have been forced to do everything online?
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04-07-2020, 10:37 AM #10496
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04-07-2020, 10:37 AM #10497
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04-07-2020, 10:50 AM #10498
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04-07-2020, 10:55 AM #10499
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04-07-2020, 11:06 AM #10500
After reading more about mREITs I bought a bit more TWO and AGNC both of which are agency backed MBSs. But after realizing the entire sector is correlated so that diversification in that game is a fools errand I dumped those flat and went for IVR which is what I thought would be the most upside (70% of portfolio is Agency MBS - 30% is non Agency MBS per their last 10Q) but also has some pretty awe-inspiring leverage 6 - 7% debt/equity ratio! - I guess those dividends don't come without risk).
Entire sector moving in lockstep with markets so I'm now slightly green on IVR. Patiently awaiting the Fed money tree for mReits
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