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Tweety Amin may want to re-open the economy, but will enough people actually start going out to public places to make the economic benefits work?
Or, more likely, will he moronically re-open things and end up making the problem worse for everyone?
…
Futures are LIMIT DOWN again ... probably due to gridlock in the Senate and Tweety Amin's latest monotone fantasty blatherings from the dais. Gonna be a quiet night in the futures markets until 0930 ET when anything goes.
Buckle up, folks.
Caribbean Cask and Macallan-10 are my go-to for Speysides. ;) #GreatMinds
@rforno now you’re talking! That’s the kind of purchase I can get behind... Love LaPhroaig along with my Balvenie Caribbean cask which is quite smooth....
If it paid 10, 12 percent? I'd probably give serious consideration to moving 1/4 to 1/3 of my holdings into them and 'forget' about them. But for low-to-mid single digit interest rates? Not tempting at all.
I saw what 14% bonds did for my f…
re: 2018's Christmas swoon ... yes, I did some buying back then, mostly adding to existing positions. Nothing like what I've been doing these days, though.
I had some dry powder in my 403(b) that I normally use over the summer to invest into thin…
IF you're young and have time on your side, this past few weeks has been a fantastic opportunity to embrace volatility and DCA into positions you want to keep for the long-haul. I've incrementally put a significant amount of idle cash to work into b…
Bought initial 500s position in BME. Added to EADSY.
Likely adding to CHSCM and CHSCN which got *cleaved* since I bought them on ... oh, yeah, Monday.
Considering a spec long-term options play with GE hovering at 6.
Edit: Put on a large-ish op…
I saw a deal to get SeekingAlpha for $19/mo and pounced for a year. The data/metrics are far more usable than M*'s new (er, current) site ... and the user comments I find quite useful food-for-thought, oftentimes more insightful than the article I…
Nothing different. I sold a few things in mid-Feb that had gone up to what i thought were nosebleed levels, and then was able to buy them back in recent days at prices lower than what I paid for them originally. At the risk of sounding like I'm gl…
I’ve been waiting for a chance to link this classic Louis Rukeyser show: “After the Crash” from 1987. Lou’s opening speech is inspiring. And if you have the time, the later segment with John Templeton should be a joy. Sir John was my first ever mu…
This morning so far I have bought ...
CHSCN below par. Had it years ago, sold it, and have been looking to pounce on CHS preferreds if/when they ever came back under. I picked up CHSCM the other day, too. Bought both in larger quantities and will…
Futs don't start pricing until 6 or 630PM ET. They were limit-down when I checked a few minutes ago.
When I checked the S&P futures at Finvis Futures earlier today the S&P was showing up 8% & change. Now it's showing down about -5%. O…
Overheard in Washington: "Hrmm, that's not supposed to happen."
Buckle up. folks....Asia opens soon. And we're already limit-down on the US futures.
Dollar, Equity Futures Drop as Fed Slashes Rates (Bloomberg via Yahoo)
https://finance.yahoo.com…
Scumbag. Karma is right!
He's right up there with GenZ-ish 'Corona Katie' who's running for some elected position out west. Tweeted last night that she was at a crowded Red Robin, ate dinner very slowly, it was good food, and that she "was an Ame…
Yes, I was buying this week. I've allocated about 50% of my cash pile into new and/or existing long-term positions as I've posed in the other thread.
My biggest buy this week was BIP, which I loaded up on in both accounts.
I'm at TDA/Schwab and have been deploying my excess cash into this market into new/existing positions. Still have more to go, but a good start thus far.
Added to BTI, CSCO in my long-long term account, plus added BIP.
Bought BIP in my 'active' account, plus regained a position in CHSCM preferred which I sold a while back and has now come back to par. Orders sitting for MPW (rebuying), DMLP, and p…
I guess it isn't a 'hoax' anymore, eh?
Last night's remarks were a monotoned disaster and not reassuring in the slightest to anyone with half a brain. And he apparently ad-libbed some things that weren't correct: he's not banning CARGO (ie trad…
Not really, no. VIG is an ETF (I rarely use them) and is indexed (which I don't like); VDIGX is actively managed and only holds like 40 positions ... VIG has like 150.
@rforno I've been debating between VDIGX and VIG for some of my dry powder. Di…
Started position in VDIGX in taxable today.
Added $1000 more from my miniscule cash pile to RWMGX in my 403(b). My last out-of-cycle addition was 3 weeks ago when the fund was 15% higher.
Quick comment before i head off to meetings --
Using SeekingAlpha data regarding yesterday's pricing:
VIIIX -20.32 (-7.58%)
PRGSX -3.00 (-6.91%)
VMVFX -0.89 (-6.46%)
So ... yeah a big loss, but on an absolute basis it did technically …
@rforno Maybe these are not normal markets, but isn't that the point for owning such a fund? I don't want a fund like this to mimic the market during extremes (up or down)...well I am OK with extreme upside correlation...instead, I want a fund lik…
During 'normal' periods, VMVFX has been fine. However, when you have such a violent and immediate equity selloff across the board, all correlations go to 1 and I would not expect any equity fund to perform noticeably better than others. Sometime…
Just posted in the overnight-potentials thread....
Futures opening down 3-4-5% based on variety of factors, from COVID-19 to the failed OPEC talks. Crude futures are down 30%, the largest one day drop since the 1991 Gulf War.
Monday trading will…
Futures opening down 3-4-5% based on variety of factors, from COVID-19 to the failed OPEC talks. Crude futures are down 30%, the largest one day drop since the 1991 Gulf War.
Monday trading will probably be a global bloodbath.
He also went big into Ukraine debt a few years ago - not sure how that turned out, as I was long out of the fund by then.
My impression is they made big bets on Argentina and it really burned them.
I like concentrated funds. Less chance of falling into closet indexing and marching w/the herd.
Plus it's easier to analyze things, vs a fund with 300+ positions of sub-1-percent amounts, which I consider pointless holdings anyway
Binary options are options for pikers who just want to gamble in the markets. "Will ABC go up or down by the end of the day today? Cast your bets now!"
No serious trader uses them.
Policies aside (which I disagree w/Bernie on many of them) one of my rules of thumb for presidential candidates is would I want to have a beer with them -- Bernie, sure. George W? Sure. Biden? Yes. Bloomberg? Sure. Ryan and Romney? Yup. Even perhap…
"Select your state to continue evaluating and monitoring which stock investments best meet your needs."
... give me a break. Your stock investments are not dependent on what state you live in, Betterment.
At the risk of being political, will Bern…
No, I viewed it as short-covering heading into the weekend, just in case anything happens to kick the markets higher for next week. Nobody wants to be caught flat-footed or too far on the wrong side of a trade/market momentum when the markets re-o…
