Investing General Discussion

kinda looks like people are looking for their ivory towers to hide in as the peasantry is slaughtered in the streets below.

Pops said:

You are one of the stupid ones Furry I trade against.

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Let me know how your trades against my cash and govies go.

Pops said:

Hah. Furry, I have shown you more than one way to increase your alpha. Ban me. I am tired of leading horses to drink. Your passive ETF days are over. Suck it .

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I generally disagree with part of this. Passive index ETFs have a place in most portfolios. For an average retail investor they are the best vehicle in my opinion. Its really hard to fuck up buying SPY or QQQ. For a semi-skilled investor indexes can form the core of a quality portfolio that you enhance with individual stocks. This is especially true with bonds. The liquidity and diversity of bond ETFs is much more desirable than buying individual bonds.

Watch what your US Senators are buying and selling. Rick Scott bought some muni bonds yesterday.

Sanrith Descartes said:

Watch what your US Senators are buying and selling. Rick Scott bought some muni bonds yesterday.

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Unless I'm confused the purchase was a month and one day ago, and the report it originally came from was 11 days ago? Muni bonds probably run the gambut from good to terrible investment, it's highly dependent on the area they are. Like I wouldn't touch muni bonds in chicago with a 10 mile pole.

This graph is concerning. The size of the fed's actions so far has dwarfed the 2008 response, and I still see massive liquidity issues coming. If a clever dem sees this, they'll realize republicans are turning america socialist for them, and they are one master stroke from finishing it. I have no idea how the fed intends to normalize this.

Furry said:

Unless I'm confused the purchase was a month and one day ago, and the report it originally came from was 11 days ago? Muni bonds probably run the gambut from good to terrible investment, it's highly dependent on the area they are. Like I wouldn't touch muni bonds in chicago with a 10 mile pole.

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They probably have a x days reporting requirement.

I got stopped out of my T position. Locked in the early gains for the morning.

I wonder how much of the Tech/Healthcare sell-off is pension fund rebalancing for the end of the month? Tech and Healthcare shot up in April.

Sanrith Descartes said:

I wonder how much of the Tech/Healthcare sell-off is pension fund rebalancing for the end of the month? Tech and Healthcare shot up in April.

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I think it's the UPS earning and FED that are scaring people a little. If UPS came in that low, the idea that amazon might be printing money in this environment may not live up to expectations. Amazon is probably what the markets are really holding their breath for. Everyone's expecting them to be a winner, but if they come out a loser too, people will have to shift their perspectives.

GDP down a lot more than expected, carnage in just about every fundamental statistic we get.

Stonks go up.

GOOG missing earnings estimate by 5% followed by a strong buy up is crazy. Yeah Revenue beat but... we are in an earnings dont really matter type of market.

So this buy up is because everyone was expecting worse or what?

TJT said:

So this buy up is because everyone was expecting worse or what?

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FOMO, a truckload of cash on the sideline, big tech should come out with least damage, Gilead test results didn't suck. Any or all of the above.

Crazy as this sounds big oil might be a decent buy for the 6-12 month window. As things start to thaw out and OPEC continues to cut supply we should see the glut eaten up by end of summer. And all the shale minors who go belly up make things better for XOM and CVX. I can't see how either of these don't turn 20% from their current prices.