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rforno

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rforno
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  • They probably just want to make it more attractive to retail investors who balk at 'expensive' price quotes...
  • Bought 1000s starter position in EONGY for European utility exposure
  • It would be painful If China shut down REE trade completely. OTOH, their monopoly on production means they have to export enough to make it financially infeasible to motivate production/recycling in other countries. As it is, I think the cat is out …
  • Archive.IS link...free https://archive.ph/6Plqr
  • We have been rebalancing more to oversea since January this year in both stocks and bonds. So far so good, particularly stocks. Treasuries are much less attractive as the debt piles on. Recently poor auction among long treasury notes tells it all.…
  • Frankly, these days I just don't see USTs to be the gold-standard security blanket in the world that they once were....and the # of decent analysis pieces discussing how 'investable' (or not) the US is these days (due to both debt and politics) is …
  • I shall hug my large position in RKLB* closely before I go to sleep tonight... * which is my anti-Musk, anti-SpaceX spec trade that's gone gangbusters for me over the years
  • Can you give the board another, or any other, reason why Tesla was down 16% today other than the blatantly obvious? I won't be waiting while you come up some irrelevant data point. No, the blatantly obvious will do just fine. Remember, most investo…
  • As I said elsewhere, it's getting to the point where we're not going to be able to trust economic data released by the US government -- either due to the effects of 'DOGE' and the blind downsizing of government offices in recent months or it might g…
  • The only crypto I would touch is Bitcoin and maybe Ether. IMO everything else is junk. I have a few hundred in BTC that I mess with now and then, but after the Crypto Winter a few years ago (which I escaped from early with all my earnings/winnings…
  • Started a position in Snam this morning, continuing my utilities/natgas theme, with some European diversification.
  • From a subreddit: "Donald Trump Jr. revealed that the Trump family turned to cryptocurrency after being 'debanked' in New York City for political reasons. He described how their inability to access traditional financial systems led them to view t…
  • OK, how about some FDIC type "full-faith-and-credit" coverage of memecoins? The governement of "we the people?" should be willing to put their wealth behind the possible government approved cons. He's got a 500m political warchest that could be used…
  • Good to see AF WaMu recognized. It's done very well as the sole holding in my 403(b) and Roth IRA accounts over the long haul ... for such accounts, I prefer boring-and-unknown to flashy-and-volatile. :)
  • @yogibearbull Maybe they will reorganize the TSP-G fund into the TSP-Cryto fund. During his last term Trump said something about getting rid of or changing the G-fund. That'd be one way to goose a US crypto stockpile.....or (gods forbid) his crime f…
  • Can someone tell me how to play this good news tomorrow? Stocks? Bonds? Gold? Futs soared on the news. Even if I wasn't on family travel right now. I wouldn't be doing anything tomorrow....let the dust settle and see what the next hair-brained sch…
  • CBS: "The three judges who wrote Wednesday's ruling were nominated to the bench by former President Ronald Reagan, former President Barack Obama and Mr. Trump in his first term." Edit: The ruling was Per Curiam, meaning that it was written on be…
  • Tomorrow’s tweet tonight: “Who the hell is this ‘court?’ Has anybody ever heard of them? Why are they rolling out these fake decision decisions that never should be allowed? It’s a disaster for our country and needs to be fixed IMMEDIATELY. Thank y…
    in Tariffs Comment by rforno May 28
  • Tomorrow’s tweet tonight: “Who the hell is this ‘court?’ Has anybody ever heard of them? Why are they rolling out these fake decision decisions that never should be allowed? It’s a disaster for our country and needs to be fixed IMMEDIATELY. Thank y…
  • @mona, well said!
    in Tariffs Comment by rforno May 27
  • Hey @anna, it gets better/worse... it's not just crypto they're launching: "In February, Trump Media applied to trademark six investment products that track bitcoin and the U.S. manufacturing and energy sectors. The trademarks include Truth.Fi Bit…
  • Even Donnie The Dimwit is getting into the ETF craze with his MAGA-oriented 'Truth.Fi' company and ETFs....
  • CNN — President Donald Trump said Sunday that he has agreed to delay a 50% tariff on European Union imports until July 9, the latest instance of Trump declaring an impending tariff and throwing markets into confusion only to later walk back the th…
    in Tariffs Comment by rforno May 25
  • I think international ex-USA funds should see more positivity in the future. The only US sector I'm bullish on are utilities. IMO we are in the early stages of a seismic, but quiet, re-ordering of the global economy over the next 10-15 years. Spe…
  • OHHHH This is probably why Tariff Toddler is demanding a 50% tariff coming on all EU goods starting 1 Jun.... Greenland just did a mineral deal with the EU! https://www.newsweek.com/greenland-trump-permit-extraction-2075673
    in Tariffs Comment by rforno May 23
  • Sold CMCSA for a 10% ST gain
  • I was wondering what orange-tinted drama would take place over the weekend ... he's apparently starting early so as not to interrupt his latest golf outing -- the Tariff Toddler just threatened 50% tariff on EU goods and 25% on Apple products. Gues…
    in Tariffs Comment by rforno May 23
  • Back into AES @ 9.75
  • Bought starter in BKSY as a defense play and possible acquisition target. Currently stalking a few international utilities and thinking of re-entering AES @ 10. My experience with ENIC (Enel Chile) was rather a disaster. Just thought I'd mention …
  • Bought starter in BKSY as a defense play and possible acquisition target. Currently stalking a few international utilities and thinking of re-entering AES @ 10.
  • Bought starter position in Eutelsat to add to my non-US (well, EU specifically) exposure.
  • Fictional or reality? Reality. Although not 'bonds' those bundled products were "dogshit wrapped inside catshit"[2] and given a triple-A rating because $$$$$$$. Or as Anthony Bourdain (RIP) said in the film about bundled products back then, "it'…
  • Keep in mind another rule that only S&P applies - US financials cannot have better credit rating than the US government. So, when US was downgraded to AA+ in 2011, top US financials were also downgraded to AA+ regardless of their own financial s…
  • Ever since the GFC I've found the ratings 'agencies' rather farcical. IMO they're really only useful as a high-level 'sanity check' OPINION on something but their 'ratings' are sliced so narrowly it's pretty hard to fail them. To wit: Imagine if …
  • Jason Zweig believes alternative assets do not belong in 401(k)s. "Whether we’re talking about a smaller firm like Redwood or the giants of alternative investing, the same rule applies: Assets that don’t trade every day aren’t low risk just becaus…
  • "Is it normal for the POTUS to instruct a retail company (Walmart) to eat tariffs that he was responsible for?" You know, I have/had the same question. I also wondered how many previous presidents had a throng of CEO's following them half way aroun…
    in Tariffs Comment by rforno May 18
  • Oh dear, sounds like the OP is experiencing a bout of TDS this weekend....
  • Is it normal for the POTUS to instruct a retail company (Walmart) to eat tariffs that he was responsible for? https://www.cnbc.com/2025/05/17/trump-tells-walmart-to-eat-the-tariffs.html Normal for a mob boss, yeah. Is it me or did his tweet earli…
    in Tariffs Comment by rforno May 17
  • Wonder what the tariff was on that jet that was gifted (grifted) from Qatar. Business licenses for his next major hotel project in the country, probably. Or maybe friendly bankers who don't mind dealing with an un-lendable crook?
    in Tariffs Comment by rforno May 12
  • "So like Pete I’ve sworn off." I hear that's not going so well. LOL. Why do you think we keep losing F/A-18s off of aircraft carriers? They keep letting him drive.