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PACW + 85% today to $5.85
Believe a lot of money has both been made and lost on this one. Makes one wonder what really moves these (regional banking) markets. And who has access to what information. Simply attributable to Charles Mackay’s “The Ma…
@LewisBraham, @David_Snowball -- appreciate your input. +1
ISTM the rather extensive “alternative” category of funds (including but not limited to L.S.) constitutes a bit of a twilight zone - so varied are the approaches and expected outcomes. Loo…
Welcome aboard @LinoWillingham … And thanks for commenting.
Yup. I doubt many could have seen the lasting changes brought on or hastened by the pandemic. Technology is one area you mentioned. And medical as you note. I’m also struck by the shift…
”I read earlier that both fed and state regulators are starting to look into possible market manipulation and/or short attacks on the regionals by various parties.”
Yes, @msf referenced / linked a story in that regard earlier today in the PacWest B…
As of today, the Dow has turned negative for the year, off YTD -.06% at 33,128
The S&P 500 & NASDAQ are still well ahead (+5,77% and +14.33% YTD respectively).
But the Russell 2,000 small cap index is down for the year: -2.41%
Numbers …
It’s on the rebound. Bottomed around $2.50 / Currently $3.94.
(I owned it for about 3-4 hours today.) :)
I agree this is crazy. Thundering herd for sure. Hopefully, they’ll find a buyer - soon.
I’m looking for the Fed’s OMC (Open Mouth Committee) to kick into gear by week’s end - possibly today. Unfortunately for FRC, it fell over the cliff during the blackout period.
Also - Thanks @Catch for the linked chart of today’s regional bank de…
Jeff Rosenberg from Blackrock was featured on Bloomberg in the post news conference coverage today. Excellent insights into bonds / inverted yield curve, The 10-year treasury has fallen to about 3,4% today after getting above 4% only a couple m…
Crude oil recovered a bit up to the mid $80.00 range after @LewisBraham ’s post in March. But, it’s been plummeting again this week. Today NYMEX is at $68.70 - down another 3%. (Brent’s still above $70.) Might be precursor to recession. Don’t k…
Now that I understand it all better, we will be fine. No need to worry. Just go out and have fun which we’ve started. Y’all have a great day
“But at my back I always hear
Time’s wingèd chariot hurrying near;
And yonder all before us lie
Deserts o…
From Morningstar LCORX
Adjusted ER: 1.16% *
Total ER 1.38%
According to M*, the adjusted ER ”excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consis…
Nice chart @Yogibearbull. Yes, KRE bottomed (fell out of bed) in March 2020 along with just about everything else. What I find worth watching for now is whether this trend downward accelerates and, if so, whether it has some spillover effect on …
“Nothing is off limits now in this new world, I expect a default before a compromise is arrived at.”
Brings to mind a verse from Camelot - “What Do The Simple Folks Do?”
What happens to the millions of elderly moms and pops subsiding hand-to-mo…
What do stockholders get , $3k tax harvest lose !
@Derf - Nothing, of course. (Well tax loss harvesting I guess).
But I’d guess few held tight as it fell from $219 in November 2021 to 0 today. More likely, a lot of different folks got burnt (“sc…
Yeah - I have FRB on my tracker’s Watch List
Down -100% today / Value $00.00 / Whew!
Didn’t watch pre-market. Somebody didn’t get the message or may have been buying cheap on “a wing and a prayer”.
Several markets in Europe and Asia are closed Monday, May 1 for holidays.
83-cents sounds about right … :)
Here’s a blip copied from Bloomberg online media posted at 9:48 PM - ”US regulators were working into the night to resolve the First Repu…
“ … there may be many more gun-manufacturer-free funds out there. The list above comes from Kipplingers 25 favorite MFs, a pretty small sample.”
Agree @BenWP - That’s just a small sample. There’s a hard to find link in the article that takes yo…
”When two or more insured banks merge, the deposits from the assumed bank continue to be insured separately, under the FDIC’s general deposit insurance rules, for at least six months after the merger. This grace period gives a depositor the opportun…
Banks, including JPMorgan Chase & Co (JPM.NaE) and PNC Financial Services Group Inc (PNC.NaE), are vying to buy First Republic Bank (FRC.NaE) in a deal following a government seizure of the lender, Wall Street Journal reported on Friday.
Certain…
Ottawa County is in the southwestern part of Michigan’s lower peninsula along the Lake Michigan shoreline. It is home to the city of Holland whose name reflects the high population of descendants of Dutch immigrants. I’d imagine the Dutch Reformed …
I couldn’t get into the WP piece linked. Here’s the same basic story, easier to access.
Haven’t read this completely. Like any large state, we have good and bad here. In some rural areas there’s a hard right wing faction that exerts outsize influe…
Been raising a little cash the past couple days. Dry powder for the next market nose-dive. Dow’s not too far from its record close of 36,800 on January 5, 2022. Not bearish, just a little cautious. Still slightly overweight equities and a bit be…
@Old_Joe - He was an investor, not a saint. But I agree with you that religion’s a funny thing. Templeton wore his religion well. Was it genuine? I believe so, but who knows? And the comments above about Bhopal haven’t escaped me. I suspect tha…
Keep in mind it was a very small wager / $1016 that “paid out” $1250. But, every dime helps. And thanks for noting.
The press reports aren’t real positive re FRC. The Federal Reserve is threatening to cut them off from the reserve lending pool …
”A more challenging problem is accidentally switching your language preference to Chinese. I did that last night and it was difficult to reverse my mistake …”
听起来很糟糕 / 真是一团糟！
Note: After talking to a rep at Fido to make sure I was in compliance, I sold all 200 shares (FRC) at $6.25 today for a 23% overnight gain. The gyrations have been unreal. It actually got up to $6.80 at one point yesterday before falling back to $…
Correction ! ! !
After listening to the recording again, it turns out Templeton was not only aware of the 1984 Union Carbide incident in Bhopal India, but had been loading up on the stock as its price plunged due to all the ongoing litigation. Mak…
@msf - Thank you for the information and links to the (Union Carbide related) tragedy in India in December 1984. My “big on Union Carbide” reference was shorthand - an attempt to try and put a “time-stamp” on the approximate age of the interview. …
I’m trying to hone in on the year of the recording. Personally, I found Templeton inspirational and a big help to me in the early going. Certainly, it was a much different era. We lacked the intensive data / knowledge base available today. Many of …
Good point @Yogi. I’m just “betting” period!
Suspect it will get bought out by a healthier institution at above $5.00 / Or might be saved by an infusion of cash from some government related entity. Far from my expertise. Not a very big gamble. …
