Investing General Discussion

Furry

Furry

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Flobee

Flobee

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LachiusTZ said:
Might sell off the last of my US steel.

It's been good to me
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$3 tril infrastructure bill rumored to be coming. I'm no savvy investor but ehhh, I'd consider waiting perhaps?

Well, unless Biden-bucks are only redeemable for Chinese steel I guess
 
LachiusTZ

LachiusTZ

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Flobee said:
$3 tril infrastructure bill rumored to be coming. I'm no savvy investor but ehhh, I'd consider waiting perhaps?

Well, unless Biden-bucks are only redeemable for Chinese steel I guess
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That's likely why it's been rising for weeks.

What is it they say?

Buy the rumor, sell the news?

I'm feeling the urge to bail on stocks completely. For active investing. Have my work crap, so that's just ETFs.

Maybe I should look up the racial composition of US steel. If it's white men, sell? Lol

Oh fuck I hate our society right now
 
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Ravishing

Ravishing

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infrastructure bill of that magnitude would effect the entire stock market.
construction projects are a boon for local business usually

Not saying the stock market will react favorably, we've seen the market tumble after the 2 trillion stimulus.

Things might be priced in since the election.

--

If the infrastructure bill takes a while, which is likely, we might see a downturn before any upturn. Could sell now and get back in later. I can't see a 3 trillion infrastructure bill passing in Biden's first.. or even second year. It might even be the Harris infrastructure bill. And if that's the case, expect a downturn during that transition of power.
 
Fogel

Fogel

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They're also talking about an EV specific stimulus similar to what Obama did. In other news, Nasdaq has been holding around 13000 the last couple days while also coming up on the 100 MA, should be an interesting next couple of days. Does 13000 stay as resistance or does it flip to support?

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Jackie Treehorn

Jackie Treehorn

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Can't resist cool bullion knickknacks at the local coin store.

David Bowie 2 pound coin.

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Queen's Beasts White Greyhound of Richmond, 5 pound coin

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Queen's Beasts White Horse of Hanover 5 pound coin

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Australian 1 dollar rectangular dragon. Queen's Dragon? Ha.

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I love these 2 ounce coins. Chunky!

chunky.jpg
 
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Sanrith Descartes

Sanrith Descartes

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Fogel said:
They're also talking about an EV specific stimulus similar to what Obama did. In other news, Nasdaq has been holding around 13000 the last couple days while also coming up on the 100 MA, should be an interesting next couple of days. Does 13000 stay as resistance or does it flip to support?

View attachment 345173
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If it can rise above and stay above it will flip to support. The same way support flips to resistance when it crashes below it.
 
Fogel

Fogel

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So those hedgefunds that imploded last week were able to leverage so much because they used the same collateral with multiple banks? Sounds about right for greedy funds and banks with shitty practices

 
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Hateyou

Hateyou

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Fogel said:
So those hedgefunds that imploded last week were able to leverage so much because they used the same collateral with multiple banks? Sounds about right for greedy funds and banks with shitty practices

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This doesn’t even sound legal. Or shouldn’t be. Wtf.
 
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Fogel

Fogel

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Hateyou said:
This doesn’t even sound legal. Or shouldn’t be. Wtf.
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Yeah, it's the same kind of fuckery that the insurance companies were up to during the housing collapse. They had for example 100 billion in liquidity to insure against, but because no single fund they were insuring was over 100 billion, they could insure to infinity on the premise that "not all funds will collapse at the same time", well, until they do.
 
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Fogel

Fogel

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LachiusTZ said:
Was over 100% a minute ago.

What's the story with Archegos?
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They were over leveraged on just a few stocks with no disclosures, and when there was finally a margin call they were forced to liquidate billions, its why VIAC stock plummeted last week
 
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Falstaff

Falstaff

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Fogel said:
So those hedgefunds that imploded last week were able to leverage so much because they used the same collateral with multiple banks? Sounds about right for greedy funds and banks with shitty practices

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Just wait until you hear about rehypothecation.

I can enter into a swap with you and give you $1M in cash as collateral.
You can enter into a swap with Sanrith and take the same $1M I gave you and give it to him... and so on and so forth ad infinitum.
 
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