Tried rereading those posts above but still confused.
Can someone explain, however way youd like, how is the dollar raising in value after we printed 2 tril on Friday?
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Tried rereading those posts above but still confused.
Can someone explain, however way youd like, how is the dollar raising in value after we printed 2 tril on Friday?
Quote:
Originally Posted by Daly
Quote:
Originally Posted by sonatine
The corona stocks were down at the Bell. I bought some mgm and CCL - so far so good but I can see gravity starting to set back in
an option oriented dude i follow suggested CCL @ 15 (april 3) was a coinflip so if you can pimp vega to get their with an appropriate profit, its probably +ev. down almost 50c since he posted but things do change..
It’s a lot more complex than the following but in simple terms it’s guns and butter or store of value or asset.Quote:
Originally Posted by OSA
If oil is $30 a barrel today and you project it at $25 tomorrow by definition the dollar is getting stronger.
"Goldman Sachs sees S&P 500 dividends declining 25% in 2020"
ahhh ok so spy 370, ship it.
Wake up, read bad shit in the news. Think market will go down. NOPE.
Stonks pumped up until 3-3:30. Drop at end of day.
Groundhog Day 2
Stay calmQuote:
Originally Posted by simpdog
We are around the highs of last Thursday/Friday on most averages. None of this means very much. Vol is coming down. So up on lighter vol
Teenage oil is here $19.54 That just plain isn’t good. This is where folks are losing their minds atm
Daly gave few reasons. Then there's also the part how this is the new normal since 2008. Here's chart of M1 dollar supply...Quote:
Originally Posted by OSA
https://d3fy651gv2fhd3.cloudfront.ne...05&d1=19200424
...that roughly shows Fed doing Fed stuff. There's a lot more elsewhere, but that shows the timing and direction.
Somewhere earlier Druff asked a hypothetical "when was the last time a country had printed itself out of trouble". That would be 2008. M1 used to be a thing that was followed because it was believed inflation was a pure monetary function. Apparently it's more a faith based system. It's likely the current system isn't sustainable, but we don't really know exactly what needs to happen to break it. We used to test it yearly and now we are testing what it can take monthly.
I don’t know precisely when you’ll see it but its end of month. Window dressing and rebalancing of fund portfolios as mandated by their charters/agreements.
So if they got hammered in equities they aren’t likely 50/50 bonds/equities as an example . Now they have to BUY equities to get balance proper.
The easy money has been made. Let the dumb money do their thing first - right or wrong they HAVE to sacrifice their soldiers cause it’s the law.
We have lots of time
New feel
If we close over NDX 7835 we could run to 8205 per chart.
Bonds look poor but Fed games. If bonds down + rebalancing the above could happen.
Market wants price.
Circadian rhythms and sleepless nights
Here we go folks.
Grab that future. ( E-mini Nasdaq 100 Sloppy posting)
the guys i watch who ignore the news and focus on numbers are saying spy 282 by friday.Quote:
Originally Posted by simpdog
beyond that, gravity has its purpose i expect.
Lawrence Alan Kudlow
This piece was hilarious if you keep in mind he is Trump’s Director of the US Economic Council
I had heard about the drugs but found that surprisingly funny too. Cramer pulled him outta the gutter.
http://youtu.be/_kbiOmgUICU
Kudlow, Trump & Cramer. The country’s economy and public opinion is a reality tv extravaganza.
I’ve watched that video 3x and I swear I laugh out loud. Kudlow is a supreme & charismatic entertainer. It’s his gift.
March 9th, 2020
20 years of Infotainment and Laughs
Quote:
Originally Posted by GambleBotsChafedPenis
I was 1000% behind buying China iShare. Kind of a defensive play tbh.
March 23 (Dow bottom)
But seriously, you know China makes stuff, right?Quote:
Originally Posted by Sanlmar
Khalwat was pretty on point when he cohosted radio. Druff was in the midst of his environmental denial schtick.
Druff, “No smog in LA anymore.”
Khalwat: calmly and matter of fact “you know we don’t manufacture anything anymore?”
Druff was actually at a loss for words.
Priceless radio
Carnival at 10.83 ish so far. 52 week low is 7.90
When do we dip back again? Glad I sold at 17 but Id like another 50% runups in 3 days
Got fucked with RCL when I bought in at 47 but live by the sword die by the sword I guess
Quote:
Originally Posted by SanlmarI was 1000% behind buying China iShare. Kind of a defensive play tbh.
March 23 (Dow bottom)
But seriously, you know China makes stuff, right?Quote:
Originally Posted by Sanlmar
Khalwat was pretty on point when he cohosted radio. Druff was in the midst of his environmental denial schtick.
Druff, “No smog in LA anymore.”
Khalwat: calmly and matter of fact “you know we don’t manufacture anything anymore?”
Druff was actually at a loss for words.
Priceless radio
California clamped down hard with emissions regulations for both factories and autos in the 1990s, resulting in a huge reduction of smog. It's no longer a problem in southern California, whereas it was a big problem all the way through the 1980s.
Stick to commenting on Boston-area issues. Leave the west coast stuff to me.
Quote:
Originally Posted by OSA
Apparently the answer was 10.83
I’ve been stuck on work calls but saw the “small” equity raise of 1B this morning and figured that was $1.20 a share out the window...... now it’s up.
Quote:
Originally Posted by DalyQuote:
Originally Posted by OSA
Apparently the answer was 10.83
I’ve been stuck on work calls but saw the “small” equity raise of 1B this morning and figured that was $1.20 a share out the window...... now it’s up.
Got in at 12.42. :)
think this needs to be posted in the stonks thread too..
china...
I believe that a PMI reading over 50 means that their economy is expanding...in the middle of a global pandemic...….caused by them.....where nobody in the world is buying anything...……….and the US is #1 in coronavirus cases...……..
:lol2
1000 JetBlue @ 8.88
Plan is to hold unless it gets to $8.25 and I’ll buy 1000 more
If it cracks $7.75 might have to stop out
i picked up some tsx ipl $7.43 after recommendation from buddy...went up a bit.Quote:
Originally Posted by Daly
ac at $16. too
The ratings agencies are way behind on bonds. Wouldn’t you agree Daly? This is the dark and scary stuff.
How do you work out the threat that government involvement in the consumer discretionary stuff like cruise won’t be dilutive to equity?
Like they are going to be commanded by the populist public to do so, no?
Came this close to shorting for a scalp today but no balls. It just feels wrong reaction .
Talk to me. I’ll play nice.
Still HODL EMINI NASDAQ 100 from close yesterday so obv I’m soft as a grape. I’m losing it.
I don’t pay any attention to rating agencies and neither do you. Total joke.Quote:
Originally Posted by Sanlmar
There is an order tonthhngs that an investor needs to worry about in this environment.
#1 Bankruptcy - can’t buy something if it’s going under. All of that fear (for the most part) went out the door between the Fed and the Bailout law.
2. Dilution - For better (for shareholders) or worse (for taxpayers) the Bailout is a giant loan facility at a decent rate. So airlines have literaly nothing to worry about anymore. With them it’s a low risk waiting game. All the airlines are ~ 50% off the high. Pick one and wait enough time and you got a double.
Cruise lines and Casinos have no shot at a bailout so you really need to do homework. These two industries (CCL and MGM are what I’m tracking the closest) are ~70% off the high. Balance sheets are uber important and cash is king. CCL had a B to start added 3 more from existing credit lines and then last night added 6 more in a deal with wall st banks (GS and JPM) where they agreed to sell them 1.3B of new shares at a market rates so roughly a 10% dilution in exchange they now hold almost 12 Billion in cash. They can go three years without a passenger and still make payroll. CCL isn’t going out of business and now have partnership with NY banks. You think this stock is going to get a bump in the next 1-2 years now that Wall St owns a piece? MGM, almost to its detriment, has so much cash and owns so much equity in its properties it doesn’t need to pimp itself out to Wall Street. It’s a similar waiting game to owning a airline stock.
Jet Blue, MGM and CCL. I’m 50% invested at the moment (little more weight to CCL & MGM) with the other 50% in dry powder in case I need to average down - which in some ways I hope i have too.
Need a sec Daly
Dollar sucks
Bonds suck
Rally into close.
Trade like a retard pro tip of the day
Quote:
Originally Posted by Sanlmar
Take your time buddy - I’m not going anywhere until June 1
Good lord. Opposite pick.Quote:
Originally Posted by DalyQuote:
Originally Posted by Sanlmar
Take your time buddy - I’m not going anywhere until June 1
Passed on a +100 point day today.
Filled out SBA small biz $10k grant app today.
Pulse - not in sex trade - push submit
3 day wait.
Free $
Even your auto dealership will qualify
Let us know if you actually get it.
Getting a SBA loan before was impossible.
It's like hitting the lottery.
I've heard of many businesses applying for extended credit with their bank which of course they deny.
No bank is going to lend money especially now.
https://www.brainyquote.com/photos_t...obhope1-2x.jpg
Quote:
Originally Posted by Sanlmar
Lol whats your business?
The owner already filed for a State of Florida $50k loan.Quote:
Originally Posted by Sanlmar
I want to know as a contractor do I qualify for such loans? I could find something to do with 50k of cash the next 12 mi ths
Any thought on ERI? Was trading at 70/share and now down 75%. Up almost 22% today to $14.74.Quote:
Originally Posted by DalyI don’t pay any attention to rating agencies and neither do you. Total joke.Quote:
Originally Posted by Sanlmar
There is an order tonthhngs that an investor needs to worry about in this environment.
#1 Bankruptcy - can’t buy something if it’s going under. All of that fear (for the most part) went out the door between the Fed and the Bailout law.
2. Dilution - For better (for shareholders) or worse (for taxpayers) the Bailout is a giant loan facility at a decent rate. So airlines have literaly nothing to worry about anymore. With them it’s a low risk waiting game. All the airlines are ~ 50% off the high. Pick one and wait enough time and you got a double.
Cruise lines and Casinos have no shot at a bailout so you really need to do homework. These two industries (CCL and MGM are what I’m tracking the closest) are ~70% off the high. Balance sheets are uber important and cash is king. CCL had a B to start added 3 more from existing credit lines and then last night added 6 more in a deal with wall st banks (GS and JPM) where they agreed to sell them 1.3B of new shares at a market rates so roughly a 10% dilution in exchange they now hold almost 12 Billion in cash. They can go three years without a passenger and still make payroll. CCL isn’t going out of business and now have partnership with NY banks. You think this stock is going to get a bump in the next 1-2 years now that Wall St owns a piece? MGM, almost to its detriment, has so much cash and owns so much equity in its properties it doesn’t need to pimp itself out to Wall Street. It’s a similar waiting game to owning a airline stock.
Jet Blue, MGM and CCL. I’m 50% invested at the moment (little more weight to CCL & MGM) with the other 50% in dry powder in case I need to average down - which in some ways I hope i have too.
Step I'm almost all cash because I'm an idiot.Quote:
Originally Posted by OSAAny thought on ERI? Was trading at 70/share and now down 75%. Up almost 22% today to $14.74.Quote:
Originally Posted by Daly
But IMO don't keep grabbing shares that were down 75% then bumped 20% up. Unless of course you're looking to hold things for 5 yrs.
They are likely the most volatile stocks, so if we are going to drop you're going to get burned huge.
Yea well, I'm talking about holding them for a decent amount of time i.e. CCL. ERI's ceiling is a lot higher than MGM, but I have never heard of them until now.Quote:
Originally Posted by simpdogStep I'm almost all cash because I'm an idiot.Quote:
Originally Posted by OSA
But IMO don't keep grabbing shares that were down 75% then bumped 20% up. Unless of course you're looking to hold things for 5 yrs.
They are likely the most volatile stocks, so if we are going to drop you're going to get burned huge.
Don’t know a lot about elderado. Seems like at the end of the year they had 250M of cash and 600M of short term liabilities.....not a big deal if you got those slot machines going 24x7. Probably a bigger deal if you don’t.
Seems like MGM and LVS have a lot more free cash kicking around and have the same discount.
You need a Fed EIN for the express cash.Quote:
Originally Posted by Daly
The grants and loans are more involved. 2 years of tax returns etc
Justin is giving us 85% of salaries if you can prove you have lost 30% business or greater.Quote:
Originally Posted by SanlmarYou need a Fed EIN for the express cash.Quote:
Originally Posted by Daly
The grants and loans are more involved. 2 years of tax returns etc
Trying to have employers keep people around on the cheap for a few months.
Alternatively we can get interest free loans as well.
The lifetime plan is hold as much almost free debt as you can safely carry. Especially if you are young. One time shot.Quote:
Originally Posted by simpdogJustin 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.
I know that interest rates will still be 0% 3 years from now. But credit will be tight.
https://covid19relief.sba.govQuote:
Originally Posted by Sanlmar
Is this the website you applied on?
Is the only thing they verify is a federal tax ID number (EIN)?
What if someone applied using a real EIN of a company that was never actually in business or an inactive business?
https://www.marketplace.org/wp-conte...601.jpg?w=1200
Quote:
Originally Posted by TheXFactor
There are generally two programs. One is through sba and typical loans but easier than used to be. The other has to go through banks and is to be used for payroll etc and will be forgiven.
RIP free market