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USDC (US Dollar Coin, a so-called 'stablecoin') broke its $1 peg and is now trading around 90c b/c of concerns over SVC and the USDC reserves that were there.
Buckle up, folks...
Well, you guys got me off my lazy, and I moved my last over the FDIC excess which produced a 5-day settlement window. (Technically still over a bit). So, should credit unions be safe if over $250K NUCA?
If they have supplimental insurance to cover a…
And the hits just keep on coming....
BlockFi has $227 million in uninsured funds in Silicon Valley Bank
https://www.theblock.co/post/218943/blockfi-has-227-million-in-uninsured-funds-in-silicon-valley-bank
(well, 'had' is a more correct tense, I …
Here it comes...
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
https://www.coindesk.com/markets/2023/03/10/scrutiny-falls-on-43b-usdc-stablecoins-cash-reserves-at-failed-silicon-valley-bank/
Per Circle: "Sili…
Hoo boy, another 'Bear' moment for Cramer....
CNBC’s Jim Cramer urged viewers to buy Silicon Valley Bank stock last month
https://nypost.com/2023/03/10/cnbcs-jim-cramer-touted-silicon-valley-bank-stock/
(admittedly not exactly a 1:1 comparison, b…
SVB halted after falling 68% in the premarket....
WSJ: "Shares of SVB, the parent of Silicon Valley Bank, were halted due to pending news shortly after 8:30 a.m. ET, according to a web page maintained by Nasdaq that tracks stock halts. Before the …
Financials got rattled b/c there was a HUGE multi-million block of Schwab shares selling early yesterday, too.
I'm not sure there's anything major to be concerned with (yet) but if there's a new contagion/systemic risk, I bet it starts with, and sp…
It’s really hard to listen to these guys when they jump around like this. So we should jump into the SPY for a 2.5% rally?? It’s kind of a silly call.
We're down 1.6 on the SPX right now, so after this 'major crash' I'm sure the pundits are sayin…
LarryB - agreed. Nobody knows nuttin' and markets will fluctuate. Only things you can do is either stick your head in the sand (and money in the mattress) or stay in the game and remember the markets are like flying in a plane: control what you can …
The bigger question might be, will crypto be deemed accceptable only if it's a 'legitimate' digital currency controlled by a central bank? If so, to many that would defeat the purpose of crypto being a global currency existing outside the soveriei…
Anything is dangerous in the wrong (or uninformed) hands.
In crypto's case, IMO it's just another vehicle to invest in. I would trust Bitcoin or Etherium versus any number of 's--tcoins' out there as something that might be fun to invest/trade/spe…
Supposedly the buy-side and sell-side 'analysts' don't coordinate the timing of release of their guidance, but I still don't trust Wall Street to play fair, even if it's the law or SEC regulation. A Chinese-firewall sort of thing, I think.
Neverth…
The SEC allows funds a 60 day lag in filing their annual and semiannual reports (also their quarterlies).
https://www.sec.gov/rules/final/33-8393.htm
Worse (or better, depending on your perspective), funds will be phasing in the annual report equiv…
I suspect i's merely for optics. Having a bunch of funds priced < $5 probably makes them feel embarrassed. Heck, I don't remember seeing a 'reverse split' for an OEF before, come to think of it...
I don't believe in automatic rebalancing. To me, that's an idea brokers thought up to churn accounts and earn order flow payments or commissions from.
If anything, I may reallocate some holdings across different SECTORS as appropriate based on mar…
IIRC, back when I held it, Josh Spencer ran the fund fairly aggressively, too ... but he managed it quite well. I always liked PRGTX but think it got a bit reckless and IMO became addicted to Hopium(tm) in recent years (like Cathie Wood), so perhap…
I'm thinking that "Level 3 assets" is nice-speak for "mostly garbage".
Yup. Banker- and Regulator-speak, with words appropriate for "all audiences." :)
See this for a more appropriate description:
..... Just checking up on JRSH. Not for the first time, I notice extreme bullshit activity in that stock with the effing "shorts." Overnight, the price is driven up, then it will crash during market-hours. Just like my ill-fated foray into Chilean u…
It did not really take much doing. I just filed a complaint with the SEC with the details like Ticker symbol, share amounts, price change etc. IT took about ten minutes.
I had a similar thing happen several years ago but for only 20 or 30 busks dif…
Congrats!! I'm glad that the SEC came through for you in your situation!!
Something similar happened to me when I first began trading futures. The broker's active platform had gotten really laggy and wouldn't always update immediately when I bough…
Bought 1000s DUK/pA to put some excess cash to work. Getting a qualified 6.05% dividend yield for at least a year or until whenever it gets called.
Hoping to get CHSCL at par should it get there again. It's creeping closer...
Rick's Corollary: "Most investors first, if not only, focus on the potential profits -- but those who survive first consider the potential risk."
*cough* crypto, MBS, CDOs, etc, etc, etc. *cough*
@rforno I'm curious about the size of your PRWCX holding, if you don't mind sharing? I'm already up to 36% of total.
Merry Christmas/Happy Holidays to all!!
The only account I have that is all in 1 fund is my 403(b) which is 100% in RWMGX.
@Sven- What a great question. I hadn't really considered that until you mentioned it. Now that we have vehicles with a "mind" of their own, exactly who is responsible when a vehicle actually causes an accident?
The article below mentions that this …
Howdy folks,
I owned Tesla for quite a while until he bought Twitter. Then I sold it. I wanted to own it early on because of SpaceX. No long. Musk seems to be idiot/savant personified. Not only is he doing a lot to destroy Twitter, he's doing …
Frankly, I can't stand how passive has come to imply indexing in most people's minds and the media.
In my mind, I'm a mostly passive investor - I do my research, periodically buy/sell things as desired and at a good price/ER and otherwise hold my p…
He must think he owns his 'likeness' in any and all ways around the world. Turns out his NFTs used copyrighted images of himself, and I suspect a few lawsuits might be launched in response by those who actually own the images. You can't make this …
