This is was unfortunate. He has been candid. Daly has admitted HODL’ing his 401k for instance.Quote:
Originally Posted by Daly
Quote:
Originally Posted by Baron Von Strucker
Jesus. Someone missed the point entirely.
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This is was unfortunate. He has been candid. Daly has admitted HODL’ing his 401k for instance.Quote:
Originally Posted by DalyQuote:
Originally Posted by Baron Von Strucker
Jesus. Someone missed the point entirely.
Quote:
Originally Posted by DalyQuote:
Originally Posted by Baron Von Strucker
Jesus. Someone missed the point entirely.
it should be clear why the serious money discussion takes place in a certain unassuming other thread.
Baron Von Strucker: you must be talking about your self here. your point reads as your pretending to be a big brain smarty
Your point reads like someone who bought Gold in 2011 and didn’t change course. Not sure what the issue is here. Gold bricked hard for the last decade in a period where it should have flourished. That was the only point. It’s not wrong.
Can you walk into any business there and purchase goods and services with gold?Quote:
Originally Posted by Baron Von Struckergold in vancouver is easy to get and easy to sell... https://www.vbce.caQuote:
Originally Posted by Walter Sobchak
A few reasons to get gold If it is available, gold is better in bullion instead of paper as there is a high chance that there is not enough gold to reconcile the paper.... that being said it has always been a good very long term investment historically, rarly loses a lot of value even in the worst of times such as now.
In Canada at least there is NO TAXES on bullion profits.
It is safer than some volatile currency at the moment IMO
its never wrong to have 5 or 10 oz of gold in the safe deposit box.
If not it's all well and good to hold some gold as an asset class for investment as long as you don't rely on it too heavily, but you still have to convert it to legal tender to do anything with the value it represents. So you are still depending on the stability of the system and the government's currency.
My issue isn't with gold as an investment, though I personally don't think it's a good investment. My issue is with the people saying it's protection against the collapse of currency or general socioeconomic breakdown. It isn't.
The one you live in right now.Quote:
Originally Posted by sonatine
Quote:
Originally Posted by Walter SobchakThe one you live in right now.Quote:
Originally Posted by sonatine
when did we start QE then stop it?
The Fed stopped buying assets under its 2008-10 QE program in about 2014 if I recall. Since then the balance sheet has tapered off due to maturing debt and some private buybacks.Quote:
Originally Posted by sonatineQuote:
Originally Posted by Walter Sobchak
when did we start QE then stop it?
Quote:
Originally Posted by Walter SobchakThe Fed stopped buying assets under its 2008-10 QE program in about 2014 if I recall. Since then the balance sheet has tapered off due to maturing debt and some private buybacks.Quote:
Originally Posted by sonatine
Interesting, thank you.
quick reminder:
Quote:
Originally Posted by Baron Von Strucker
Well, now you know:
Prediction For "Unprecedented" Recovery Lifts Stocks Off Their Lows
Stocks pulled back yesterday, but finished off their lows.
As it becomes clear the worst of the outbreak is behind us, the focus remains on opening up the economy.
It will likely be on a rolling basis. Lesser hit states will likely go first, with harder hit states going last or opening up to a lesser degree.
Guidelines are expected to be issued soon. And the administration is expected to work hand in hand with the governors.
While that still means being locked down for another couple of weeks, it's great to know we're getting closer.
We got some bank earnings yesterday, and as expected, they weren't pretty. But hardly a shocker.
Retail sales were down as well, falling by -8.7%. Basic goods were up, but were dragged down by food services, gasoline, and auto sales. Although, I must say, while it fell greater than expected (the consensus was for a -7.3% decline), I thought it was a decent showing, all things considered.
Mortgage Applications were up 7.3% overall. The Purchase Index was off by -2.0%, but Refi's jumped by 10%.
The Empire State Manufacturing Survey showed the General Business Conditions Index falling to -78.2 vs. last month's -21.5 and views for -35.0. But like most of the other reports, none of this was a surprise. And we all know why this is happening.
That's probably why nobody really batted an eye at the Goldman Sachs report that said the global economic drop will be 4x worse than the financial crisis of 2008.
But it's important to remember, this was not a bubble. There wasn't a structural economic problem. This is because governments around the world shut down their economies and asked people to stay home in an effort to slow the spread of the coronavirus. So of course the economic numbers are bad. But it's all short-term. And the drop in stocks already reflected that.
However, the part of the Goldman report that isn't getting as much airtime is the part where they say the recovery in the second half will be "unprecedented" and that they expect stocks to fully recover by year's end.
And it looks like more and more people are expecting that too.
But don't wait for the second half before getting back in. The market is forward looking. If one is expecting a full recovery in the second half, the time to get in is now.
The bear market has already officially ended for the all of the major indexes, and a new bull market is underway.
And it looks like it could get even better with the start of earnings season having just begun.
Since stocks typically go up during earnings season, that's adding even more excitement to the market. And it's not uncommon to see individual stocks soar 10%, 15%, or even 20% or more in one day after an earnings report.
The key is getting into the right stocks.
If you want to learn how to potentially find big winners this earnings season BEFORE they report, be sure to read our latest commentary...
Best Way to Make Money on Earnings Surprises
Best,
Kevin Matras
Executive Vice President, Zacks Investment Research
With this amazing run up Amazon has had this past week(18% and counting so far), can we expect this to continue once earnings come out next week?
I mean, Amazon has had to SLOW DOWN peoples purchasing power and efforts on their site to handle all the incoming orders.
Interesting.
cool my first mem everQuote:
Originally Posted by sonatinequick reminder:
Quote:
Originally Posted by Baron Von Strucker
won't be poor for long i put all my cash on your stock picks and just waiting for the loot to role in. Keep those picks coming.
side note: glad i didn't pick up those gold stocks they're up a bit but obv there ultimate doom is coming soon rite?
Bitcoin is in full nose dive too, Micon will have to sell his jet soon.
Quote:
Originally Posted by Baron Von Struckercool my first mem everQuote:
Originally Posted by sonatine
won't be poor for long i put all my cash on your stock picks and just waiting for the loot to role in. Keep those picks coming.
side note: glad i didn't pick up those gold stocks they're up a bit but obv there ultimate doom is coming soon rite?
Bitcoin is in full nose dive too, Micon will have to sell his jet soon.
its interesting to watch gold futures scale with unemployment. it was totally disconnected from pretty much everything else but UI numbers caught its attention. this is something i intend to make money on.
This recent fall in gold is the best thing in the world technically speaking. It’s consilidating and is ready toQuote:
Originally Posted by sonatineQuote:
Originally Posted by Baron Von Strucker
its interesting to watch gold futures scale with unemployment. it was totally disconnected from pretty much everything else but UI numbers caught its attention. this is something i intend to make money on.
Breakout to 1900 on most people’s charts.
Not sure I’d plan to own it long term but this is a good trade ready to happen.
No fucking way you cunts stick with your sneaker and widget stocks.
Fucking dinks probably test positive for the gold fever and fuck everything up.
so im thinking of scalping futures options because im a fucking degenerate, and im seeing vegas in the 1.0 to 1.3 range and i dont understand because vega on stock options are like .05 to .15 range generally.
is there a sane logic at bar that im not seeing or are these just unregulated scumbags setting trap-options that are guaranteed to burst into flames screaming every time the vix moves?
also whats with these fucking spreads?
tia.
Quote:
Originally Posted by sonatine
i can't answer your question, but will add that the spreads on the options i am looking at are unprecedented and make it really hard to find value.
Quote:
Originally Posted by TellafriendQuote:
Originally Posted by sonatine
i can't answer your question, but will add that the spreads on the options i am looking at are unprecedented and make it really hard to find value.
right? saw an interesting headline the other day going off about how we are all focused on stock prices and S&P health as metrics for financial health while spreads have never been worse. that shit kinda hit home, ngl.
Market makers in chicago are getting very very rich(not me, I am retired and moved to tech).Quote:
Originally Posted by sonatineQuote:
Originally Posted by Tellafriend
right? saw an interesting headline the other day going off about how we are all focused on stock prices and S&P health as metrics for financial health while spreads have never been worse. that shit kinda hit home, ngl.
SPCE went up nicely thru all this commotion... I shall keep adding.
CCL is the best of the Lot at a bargain 11-12 bucks keep 50 shares and wait.
ARKK is rising with no regard to CV-19 keep adding on.
KO everyone loves Coke .
KOF Even In S.A./mex.
-----------------------------------
WTI is -$38/barrel WTFQuote:
Originally Posted by Shizzmoney
Hey walt what's the least racist way for me to tell u to kill yourself
Cuz ur literally the worst like vaughnesque
But you think ur posts are acceptable they are not
So I had about 560 shares of UCO @ 2.42 and they did a reverse stock split and now I have 22 shares @ 22.80 a share. Seems I lost about half my value?
Quote:
Originally Posted by OSA
You do realize (I hope) then when you bought UCO yesterday you weren’t buying the May 20 contract at -35 but the June and July contracts at ~+23?
If June goes from +23 to 0 you will get wiped out.
Quote:
Originally Posted by DalyQuote:
Originally Posted by OSA
You do realize (I hope) then when you bought UCO yesterday you weren’t buying the May 20 contract at -35 but the June and July contracts at ~+23?
If June goes from +23 to 0 you will get wiped out.
I bought it a week to 10 days or so ago. If it now goes to 0 from 22 then yes I get that.
Quote:
Originally Posted by OSAQuote:
Originally Posted by Daly
I bought it a week to 10 days or so ago. If it now goes to 0 from 22 then yes I get that.
At least they had rolled the May contract by then. You would be begging in the street for change.
How would THAT work anyway? I think it would be near imposible for it to go negative before a ETF would roll out of a contract month but would the ETF be obligated to have to send in a check for the contracts in credit pricing?
I would think maybe the ETF runner would have to fund the payment and call the etf insolvent and then recapitalize it with new share partners?
Jesus Fucking Christ. Am I going to lose my entire 1400 off of this oil play? Horseshit.Quote:
Originally Posted by DalyQuote:
Originally Posted by OSA
At least they had rolled the May contract by then. You would be begging in the street for change.
How would THAT work anyway? I think it would be near imposible for it to go negative before a ETF would roll out of a contract month but would the ETF be obligated to have to send in a check for the contracts in credit pricing?
I would think maybe the ETF runner would have to fund the payment and call the etf insolvent and then recapitalize it with new share partners?
On the topic of oil, I bought some USO calls for January 2021 today. I basically need the stock to reach ~$4 by next January to make some profit.
Quote:
Originally Posted by OSAJesus Fucking Christ. Am I going to lose my entire 1400 off of this oil play? Horseshit.Quote:
Originally Posted by Daly
There goes your Vegas trip.
Thats what you guys are for 😁Quote:
Originally Posted by TellafriendQuote:
Originally Posted by OSA
There goes your Vegas trip.
Also please explain to me how theres literally ZERO fast casual food sales but Chipotle is up 50% past month
McConnell Says He Favors Allowing States to Declare Bankruptcy
https://www.bloomberg.com/news/artic...are-bankruptcy
Mitch McConnell is not going to give or loan anymore money from the U.S. government, after this $500 Billion that is now being approved for “small businesses”. It will be gone in two days, to large businesses, medium size businesses and many small businesses will get almost nothing.
As for the people, that one time payment of about $1200 will have to last until you get a new job.
Which state will be the first to declare bankruptcy?
https://vozwire.com/wp-content/uploa...f-1061x570.jpg
we are approaching a political end game where trump will be called on by his constituents to bail them out, which will be in perfect alignment with the democrat bill proposals, only to have no other than mitch himself block them. the optics are absolutely mesmerizing frankly.
i honestly doubt an 'outsider' will become president again for generations.
the odds of the gop existing as relevant political entity scale perfectly to the number of fox news victims who are going to queue up for hours in bread lines to survive the coming months + homes foreclosed on.
conservatives are the new trannies.
spy 220c dec 2020.
Purchased a couple interesting stocks last week, to me at least. Bought half position in WYNN which is clearly entering falling knife material especially since I bought it. Bought 500 shares @ $88 or so. Will double down most likely if it gets low 70's and would probably double down one more time should it near its 2020 lows. One of the only true recovery plays left worth buying imo. Airlines, sure. Cruise ships, no. Macau is the big question mark with WYNN. Looking for $150 exit.
Other stock I purchased UAN. This one a Carl Icahn special. Sure it's up like 400% in the past year but we're looking at possibly $30-50 in dividends alone in 2022. 500 shares purchased. More specualative play so I'm one and done.
Current portfolio: 3050 shares SPG @$64 purchase price, 26k shares PDI (10% div yield with 5% kicker for DRIP paid monthly), 6400 shares VLO @67, 4200 PTR @ 33, 13k CVI @17. Own around $100k in each BTI, MO, EPD, MMP, MPLX, PBR, MPC. Some smaller positions in a few other stocks.
Investing philosophy is buy dividend paying stocks that are in deep value territory. Current yearly dividends are over $200k. Think I can squeeze another 50k this year using covered calls I can explain my strategy more in depth if anyone is interested. SPG was the biggest no brainer stock I've ever purchased. Would have purchased earlier but I didn't have the money to buy when it was in the $40's. Always had exit strategy at $200. Think we can get there this year at some point. Depends on whether the rotation from growth to value continues.
Wynn Resorts stock may not recover for a very long time because of the Chinese government crackdown in Macau.
About 75% of Wynn Resorts profit came from the three Wynn casinos in Macau.
The casinos cannot extend credit to their customers and the junket operators who used to extend credit, handle billing, lease space to run games in casinos. They are all out of business.
I think Macau is still in some sort of state of lockdown because of covid.
Still the $4 Billion Wynn Palace looks incredible.
Maybe someday we can travel and gamble there.
https://upload.wikimedia.org/wikiped...Macau_2016.jpg