https://www.youtube.com/watch?v=T7_K28GZHdo
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Somebody slept in today and forgot to turn the money printer on.
government giving out 40k loans to small business owners and free 10k if you pay 30k back fairly fast.Quote:
Originally Posted by simpdog
Justin is giving us 85% of salaries if you can prove you have lost 30% business or greater.Quote:
Originally Posted by Sanlmar
Trying to have employers keep people around on the cheap for a few months.
Alternatively we can get interest free loans as well.
gonna do this as should every Canadian business owner.
Is that through the bank? And where are the details on 10k being a grant?Quote:
Originally Posted by Baron Von Struckergovernment giving out 40k loans to small business owners and free 10k if you pay 30k back fairly fast.Quote:
Originally Posted by simpdog
gonna do this as should every Canadian business owner.
yes through the bank I did get a email this week from them i think regarding.Quote:
Originally Posted by simpdogIs that through the bank? And where are the details on 10k being a grant?Quote:
Originally Posted by Baron Von Strucker
Herd it first on the radio and they said $40k loan fro small medium business and repay only $30k if done in the first year.... not 100% on details but have book keeper/wife seeing if we qualify.
https://www.thestar.com/business/202...-covid-19.html
Loans:
The government has launched the Canada Emergency Business Account, which will involve banks soon providing government-guaranteed loans of up to $40,000 for small businesses. Those loans will be interest-free for the first year and up to $10,000 could be waived for repayment.
excuse me this is the investment thread.
if you want to kibitz about ways to rip off the government go here:
https://pokerfraudalert.com/forum8/s...476#post890476
I don’t have much interesting to contribute lately but wonky $ stuff. But heed this advice.Quote:
Originally Posted by SanlmarYou try to schedule NetJets for a flight to Antigua and you were short?Quote:
Originally Posted by gauchojake
How’d you find out?
I posted a number of days ago to exercise your line of credit.
Whether you just need a backstop or are gonna take advantage of a unique market I suggest you are running out of time with your line of credit. Maybe too late.
Maybe you saw commercials from Kabbage. They are done talking to you Millenials.
BOA is prolly close to done w/ LOC or they have left you a token of their esteem. Maybe Daly can chime in. (Chime is another lol bubble Financial)Quote:
Kabbage, the online small business lender, has stopped making loans, made big reductions to customer credit lines and temporarily dismissed staff after many of its borrowers have been shuttered by the coronavirus outbreak
Buckle up
tsla up 10% after hours on delivery numbers.
1st qtr which is like 10 years ago in relevanceQuote:
Originally Posted by sonatine
Some model Y though
im more curious to see what it can carry into tomorrows market. its peak (519) is lower than its peak as of tuesday.
already seeing it trading at 490, thats almost a 30 point drop in the last like 10m.
Pick up couple of these and put TSLA downQuote:
Originally Posted by sonatine
Quote:
Originally Posted by SanlmarPick up couple of these and put TSLA downQuote:
Originally Posted by sonatine
I haven't fucked with TVIX in over a week. Learned my lesson after losing 4 months rent in a day. I have taken shares of CCL and UCO though.
I need something else to keep my mind off of this hell that I am trapped in called a job.
Those are some sexy sexy plates. I yearn for the day I will be able to slide them on a long steel pole again
hey so whats a good etf to short if i strongly suspected a third of all mortgages were going to default like... soon....
There has got to be a 2x or 3x. Will look.Quote:
Originally Posted by sonatine
It’s gotta be priced in but yeah, prolly more to give. People are NOT getting the unemployment checks. Maybe some areas are better. The rent forebearance movement is all trendy with cuddly corporate CEO types too today. This surprises me.
The care and feeding of the worker is uber fashionable and I’m taking notice. Left wing populism is bigger than I understand methinks.
All I know is REIT and all that were taken out back and shot. I felt like I missed it. So I moved on. commercial mortgage backed shit straight murdered.
The remote Zoom service economy in your jammies is gonna change commercial real estate forever.
So much happening so fast that you feel like a fat kid at Golden Corral with only 10 minutes
It’s a bloodbath.
Back in the day a buddy of mine shorted Prologis and made a LOT of money. Would be HOF to do it again.
Quote:
Originally Posted by SanlmarThere has got to be a 2x or 3x. Will look.Quote:
Originally Posted by sonatine
It’s gotta be priced in but yeah, prolly more to give. People are NOT getting the unemployment checks. Maybe some areas are better. The rent forebearance movement is all trendy with cuddly corporate CEO types too today. This surprises me.
The care and feeding of the worker is uber fashionable and I’m taking notice. Left wing populism is bigger than I understand methinks.
All I know is REIT and all that were taken out back and shot. I felt like I missed it. So I moved on. commercial mortgage backed shit straight murdered.
The remote Zoom service economy in your jammies is gonna change commercial real estate forever.
So much happening so fast that you feel like a fat kid at Golden Corral with only 10 minutes
It’s a bloodbath.
i havent seen a single mortgage etf that has _anything_ priced in but the movement of the dji. but yeah please find me something because real talk, mortgage default protection end date + 90 days.. things are going to happen fast.
REK or SRS?
Quote:
Originally Posted by OSA
look at the volume then look at the spread. these are basically novelties.
on 2nd glance maybe im being too dismissive, URE seems a better candidate to me for some reason but clearly i have homework to do.
Oil is still trash after these moves
Quote:
Originally Posted by SanlmarOil is still trash after these moves
i think the market's gradual acceptance of this grim truth is undercutting all the ephemeral gains made from the 'saudis are going to unfuck prices' announcement yesterday.
I will not forget this post from yesterday. Obv, I haven’t eh?Quote:
Originally Posted by sonatine
Look at NRZ today. -21%
It’ll spin you into that whole residential REIT story.
If a good player has 14 clubs in a bag - well, I’m only using 6. Scared nit money.
Helluva post though. Tip of cap.
venn diagram of people who didnt call the market top and people who think this is the bottom = single overlapping circle.
You can throw in an extra layer of bounce back HODL’er & hope-a-tronsQuote:
Originally Posted by sonatine
That is thought provoking in endless ways. Obviously political but people reflexively thinking food shortages.Quote:
Originally Posted by sonatine
It’s a pretty cool puzzle.... things will change moving forward. The whole demand shock deal.
Look at commodities prices.
Coronavirus pandemic crashes commodity prices
https://www.upi.com/Top_News/US/2020...8791585863775/
During the Great Depression when people were starving the government was paying farmers to reduce crops and livestock.
Today, we lack the political will to do the right thing. Remember that.Quote:
A lot of people in 1933 were angry with the government for killing baby pigs and plowing up cotton. They also opposed the idea of paying farmers not to plant and buying surplus food to raise its price. These agricultural policies were very unpopular among the millions of Americans who could not afford good food for their families. Roosevelt and his followers, however, claimed that his program saved millions who otherwise would have lost their farms and allowed Americans to store a large reserve as insurance against a series of bad harvests. Furthermore, the President's friends argued, it was cheaper to keep a family on the farm than to provide jobs for unemployed workers.
Rabbit punch the next simpleton who brings up 2008. Remember this Vice piece? It was excellent but is downright quaint when you watch it today.
http://youtu.be/wyz79sd_SDA
As you were, soldier
Oh, special bonus
I will get my $10k grant before Mass Unemployed get their Cares Act $600/wk.
You know why.
Shopping list
Toilet paper
Eggs
gun.
How appealing is the daydream of taking the government loan for a couple mill and then just closing up shop? You don’t have to pledge a motherfucking thing.
A boy can dream.
Starting to think that states will run out of UI.Quote:
Originally Posted by Sanlmar
Gonna be interesting interactions with people when one is able to get it and the other is waiting for the state to receive more funding. THAT'S when the guns are gonna come into play lol.
Bloodbath...wowQuote:
Originally Posted by SanlmarI will not forget this post from yesterday. Obv, I haven’t eh?Quote:
Originally Posted by sonatine
Look at NRZ today. -21%
It’ll spin you into that whole residential REIT story.
If a good player has 14 clubs in a bag - well, I’m only using 6. Scared nit money.
Helluva post though. Tip of cap.
Mass hasn’t even started cause they can’t get the Feds on the phone.Quote:
Originally Posted by OSAStarting to think that states will run out of UI.Quote:
Originally Posted by Sanlmar
Gonna be interesting interactions with people when one is able to get it and the other is waiting for the state to receive more funding. THAT'S when the guns are gonna come into play lol.
The whole Fifth Risk Federal gov under Trump deal.
no ones going to run out of UI, everyone will keep getting their checks.
the gotcha is those checks are going to buy much, much less than they do today.
Quote book on the Cares Act $600 and extending UI rolling thru to election please.Quote:
Originally Posted by sonatine
have a couple of buddies that are SBOs...
texted with one the other day...asked him how shit was going, if he was getting money to help payroll...
said it was a clusterfuck...hadn't gotten anything done cause the banks weren't prepared for it...didn't know what kinda documentation to ask for...
the more gobment the better...GL san, hoping your shit works out...
Quote:
Originally Posted by Sanlmar
I'm under the impression that anything of $200k will take a personal guarantee and perhaps some collateral, though the latter is not a firm requirement. Your point remains, nonetheless. Borrow to the hilt, take some shots, it's free money so if it doesn't work file Ch. 7 and walk away. This isn't going to end well, but I've been riding that horse for a while and he needs to be shot.
please keep the PE raiding schemes to the shitthread.
so for my upcoming trade of the week I'm thinking about:
buy May 15 calls w/ a 50 strike for $5 on RWM which shorts the Russell 2000 and is trading around 52.37.
Quote:
Originally Posted by Tellafriend
im always nervous about low volume options with largish spreads.. like there's no real parachute there if things go poorly, no? please update with w/l if you do this because i feel like you might teach me a lot here.
Quote:
Originally Posted by sonatineQuote:
Originally Posted by Tellafriend
im always nervous about low volume options with largish spreads.. like there's no real parachute there if things go poorly, no? please update with w/l if you do this because i feel like you might teach me a lot here.
Glad to. You are right about spreads. I bought some leaps on prudential last week and was aghast at the spreads. And re the parachutes remember what I said a while back regarding who the market makers are. Hard to beat em.
This article is old so the lack of volatility no longer applies but it shows the Difficult nature of trying to keep up with a group you aren’t a part of.
https://www.barrons.com/amp/articles...ing-1496459364
Futures up 1.5% or so.
The world is on fire but the markets keep afloat.
Quote:
Originally Posted by simpdog
those fib technicals tell the whole story.
an ocean's waves keep rolling in no matter what direction the ocean is moving.
the highs will be lower and so will the lows, some more than others.
You bust your roll upstairs at the crap table. So you sit down with $300 at the 1/2 game figuring you can kill the rest of the night with a chair and $1 drinks.Quote:
Originally Posted by sonatineQuote:
Originally Posted by simpdog
those fib technicals tell the whole story.
an ocean's waves keep rolling in no matter what direction the ocean is moving.
the highs will be lower and so will the lows, some more than others.
The Fed comes over from the $50/100 game with his girlfriend and her fake tits. The rules don’t apply to him so he sits with all his racks of green, black & purple. The Fed plays any two cards to the river and is destroying lives.
Fed is running over the game.
Go look at any of the ES continuous contracts the past few weeks and you realize how meaningless overnight has become.
The SPY closed hard last Friday. I remember watching that. Don’t know what that means.
Daly wrote about the futility of futures a couple weeks ago to his credit.
Sonatine said fib
He’s been admiring nature’s golden ratio in the shower again.
Quote:
Originally Posted by Sanlmar
speaking of which, thats exactly where i came up with my next longs.
tbd.