Sanrith Descartes
Veteran of a thousand threadban wars
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You need a lawyer in the county they die in (at least in FL) as that court most likely will handle the probate.
Investing General Discussion
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Mist
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Burren
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Sanrith Descartes
Veteran of a thousand threadban wars
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Dollar spikes to 160 Yen (+1%) as Asian opens. Funds are holding the second largest short position in history. Shits gonna be a fun ride and possible a really short ride.
Tmac
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I don't understand currency issues like this.
So, they're short. What happens as the Yen continues to fall? Hyperinflation and a complete exit from Japanese markets? People leave the country? The FED bails them out?
Zog
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Billionaires swoop in and buy up everything for pennies, Japan gets a loan from the IMF, converting japan into a USD country.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Short version: the Japs hold 1+ trillion in US treasuries. The bet is they will sell US treasuries to buy Yen which simultaneously hurts the dollar and boosts the yen. The BoJ can't let the yen fall forever. The shorts are looking for a short term bet that the BoJ fails to intervene now, the yen continues to fall and they close their shorts with profits. If the BoJ acts sooner than the shorts expect, it can create a tasty short squeeze as the shorts cover. Its a double win for the Japs.
Yesterday was a holiday and the Jap Govt was closed. Rumor is they intervened overnight anyway and the Yen made a 2% u-turn overnight. Currently at $156 to the dollar.
Blazin
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No offense but thats silly. That would be like saying the Dollar can't drop forever. Umm yes it can. They have major deficit spending that is going to devalue the Yen. THey have done a lot for years to prop it up they finally realize its coming down, the BoJ knew exactly what would happen when they started removing support.
I just need a half naked dude as your avatar and we could have a real quality zeroHedge post.
I just need a half naked dude as your avatar and we could have a real quality zeroHedge post.
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Sanrith Descartes
Veteran of a thousand threadban wars
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No offense taken. We disagree. In the literal sense of the word, yes the yen or the dollar or the Euro "can" drop to zero. I wasn't speaking in the literal sense. I was speaking that economic and political pressure will force some sort of intervention. The BoJ will intervene (in my opinion). Is it today, tomorrow, or when the a new govt comes in because people are unhappy with their purchasing power disintegrating before their eyes. I am betting my shekels it is much sooner rather than later. If I'm wrong I cut bait at -10%. If I'm right I make a some coin.
edit:
WSJ reporting the Japs intervened overnight and propped up the yen. MSN link since the WSJ link is paywalled.
"The yen weakened to around 160 per dollar on Monday, but bounced back to around 155 per dollar after Japanese authorities started buying yen and selling dollars, according to the people.
Japanese officials didn’t officially confirm the move but Masato Kanda, the finance ministry’s top currency official, hinted at the intervention.
“It is difficult to ignore the bad effects that these violent and abnormal movements [in currencies] will cause for the nation’s economy,” said Kanda, adding that the government will “continue” to respond to wild currency moves."
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Sanrith Descartes
Veteran of a thousand threadban wars
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TSLA +10% pre-market on word Musk flew to China yesterday and secured a deal with the gubmint to release FSD in China and with Baidu providing the mapping info.
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The_Black_Log Foler
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My advisor managed portfolio has some ARKK in it…. 4 purchases. 2 are green and 2 are red. 2 bought at the wrong time and 2 bought at the right time.
Im trusting Cathy though. If I wait long enough it’ll all be green.
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Blazin
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Not sure what you're disagreeing with. Riddle me this:
If an asset drops 10% in value every year how long does it take to get to zero?
We'll skip right to the end of the lesson:
NEVER
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Tmac
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fris
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at least in the Sarlacc pit, you won't last more than 1000 years.
I'm sure this question will infuriate
Araysar
, sorry in advance
SMCI has an earnings report tomorrow. They currently have a PE ratio of 68.9. HPE currently has a PE ratio of 11.76. Dell is 28.97. IMB is 18.87. NVida is 72.8. I don't undestand why SMCI's pe is so much higher than their competition. i don't see how they could have anything in their earnings report that justifies their ratio. how do they not drop tomorrow?
I'm sure this question will infuriate
Araysar
, sorry in advanceSMCI has an earnings report tomorrow. They currently have a PE ratio of 68.9. HPE currently has a PE ratio of 11.76. Dell is 28.97. IMB is 18.87. NVida is 72.8. I don't undestand why SMCI's pe is so much higher than their competition. i don't see how they could have anything in their earnings report that justifies their ratio. how do they not drop tomorrow?
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