Blazin
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I'm buying LMT this afternoon, just $35,000 position as it's a new company to portfolio. I have added to JNJ and PEP
Investing General Discussion
- Thread starter Furious
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I'm buying LMT this afternoon, just $35,000 position as it's a new company to portfolio. I have added to JNJ and PEP
Flobee
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Thank you both for your assessments. I'm a novice in this space and at a place where I feel best suited to following information from second-hand sources and using those assessments to understand primary sources (as noted by
Blazin
). One of the lessons I learned after March is not to move money or change allocations just because of a feeling or sentiment I'm picking up. I'm in the learning process of building my own investing thesis and I appreciate the insight and will avoid derailing this thread generally speaking.
I had written out quite a bit on this, but I don't think this is the place for it. I think I'll just note that lending standard for banks are nearly at all-time highs. This looks similar to 2000 and 2008, suggesting to me that they expect lenders to default.
Blazin
). One of the lessons I learned after March is not to move money or change allocations just because of a feeling or sentiment I'm picking up. I'm in the learning process of building my own investing thesis and I appreciate the insight and will avoid derailing this thread generally speaking.I had written out quite a bit on this, but I don't think this is the place for it. I think I'll just note that lending standard for banks are nearly at all-time highs. This looks similar to 2000 and 2008, suggesting to me that they expect lenders to default.
Sanrith Descartes
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The big difference between now and those previous periods is that the Fed is mandating huge reserves for the big banks to cover expected losses. Its one reason the banks have been underperforming as they have giant piles of money sitting doing nothing. IIRC, JPM has like 8 or 9 billion that has to be allocated.Thank you both for your assessments. I'm a novice in this space and at a place where I feel best suited to following information from second-hand sources and using those assessments to understand primary sources (as noted by
I had written out quite a bit on this, but I don't think this is the place for it. I think I'll just note that lending standard for banks are nearly at all-time highs. This looks similar to 2000 and 2008, suggesting to me that they expect lenders to default.
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Flobee
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So the banks can afford to lend, but their lending standards are very high. What happens to the businesses that need capital but don't meet the standards? I assume that some/all of them are bailed out by the Fed? It just seems weird to me, granted I don't fully understand all of this.
Sanrith Descartes
Veteran of a thousand threadban wars
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Its not weird at all and has been going on since Coronachan. Banks raised their lending criteria last year and then again early this year. Its all about being risk averse. We discussed a lot in this very thread many months ago.
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Sanrith Descartes
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Sanrith Descartes
Veteran of a thousand threadban wars
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Jysin
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CDC announced cruise lines can resume operations, provided they can prove COVID testing. All of them spiked and took some airline stocks with it.
Sanrith Descartes
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Looks like my Spring Break Plague Ship trip is gonna happen then. Awesome.
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Sanrith Descartes
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Awanka
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Discipline compelled me to do a bit of accumulating today. I think another drop on Monday is very likely, and I will be wading into the morass with my truncheon to buy stonks before the election. I think the volatility squeeze of the election being over will be bullish no matter who wins.
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maskedmelon
Orator of Superfluous Nothings
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I think it is awesome that banks are required to sit on giant melting ice cubes of cash as the fed shits trillions of fake dollars into the economy.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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Did not see that close coming. Half my orders went unfilled as I was expecting a deep crash into the close.
