Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I've had more than a few folks raise their eyebrows when I tell them I'm eagerly looking to do icnremental controlled buys into massive downdrafts.
I wonder how much of this swoon is amplified by ETFs and/or panic selling by the newbie pandemic in…
@rforno : Did the leak just show up recently or was the repair put off ? That would make the redo jump in price !
I hope you have a third BR to use during redo.
X plumber, Derf
…
Kind of OT but I'm preparing to redo 2 bathrooms. For me, the materials cost is nothing compared to the price of labor these days .. I'm not using anything overly premium or exotic. Was this project not in response to a leak, I'd be putting it off f…
Amazon’s chart (AMZN) isn’t quite that dramatic. But if you could separate out AWS it might be.
I haven’t heard a really convincing explanation in the media. I’m thinking (1) higher labor costs, (2) higher transportation costs due to energy prices.…
Good advice for most to avoid panic, stress, or sleepless nights.
Me? I prefer knowing what's going on ... and in the case of market swoons, want to be aware of anything worth buying at depressed prices that I can hold for the long term, which has …
IIRC either a JPM or MS person is presently calling for a bottom around SPX 3450. That's pretty gloomy....
... of course, such views can change on a whim. JPM said China tech was 'uninvestable' 2 months ago and now says they're very attractive. S…
They'll be rebranded in patriotic colors as Burger Czar, selling the Big Boris and Fillet o' Beluga, among other things. Vladdy Meals(tm) for the kids, too!
@rforno, you mentioned adding a large slug of VZ to your existing holding. Any particular reason(s) other than it's steadily boring but also pays a good dividend?
Nope, not really. Unless you want to include that there are only a few dominant commu…
I’m annoyed by news media usually citing the Dow regarding stock market movements, rather than much better indices like the S&P or total market.
I also hate (during the good times) when the news will say the index "reached another all-time closi…
"That's the lamest excuse for not doing one's homework before turning it in."
@rforno- Having spent a significant portion of my school years evading homework, I'm curious as to what there is to turn in if one hasn't done it? Evidently I missed somet…
Happy to see the not-insignificant amount of crypto I lent out has been returned to my account and now sits in USD intact. Not that the Terra fiasco directly impacted me, but I'm out of the arena until things settle down. Counterparty risk and all t…
IMO, Elon Musk has found how little TWTR and TSLA stocks are valued as collateral by banks to round up financing (margin & other). He may now be trying to get the cash price of TWTR lowered by a few billions. I just checked the SEC/Edgar filings…
Shake down has started and I am not surprised. https://www.cnbc.com/2022/05/13/elon-musk-says-twitter-deal-on-hold-pending-details-on-fake-accounts.html
That's the lamest excuse for not doing one's homework before turning it in.
I bet he's figurin…
I wish market commentators would stop using points and use percentages instead.
Points aren't that meaningful anymore.
Totally agree but saying "is off 3.5 percent" isn't the same impact as "down over 1100 points!" when spoken by pundits or headlin…
Threw in the towel, yes it was a white towel ! Sold TMSRX. I ran out of bourbon !
That's a cardinal sin of trading, investing, teaching, or ... well, anything! You should always have enough bourbon in your hump to last 3 days, just in case! :)
I…
Private guarantees for current stablecoins are only as good as their guarantors (until the next run). Wait for the US CBDC for real guarantees (there are some around already, digital-yuan, etc).
Sure. But I still put greater faith in those coins (e…
Sue Keenan, a late night commentator on Bloomberg TV, compared the drop in crypto to the recent stock market selloff - implying they were somehow related and both expected to behave in similar fashion. That doesn’t make sense to me. Isn’t Bitcoin …
I don't know. But CME May 2022 Bitcoin contract high was $60,093 on 11/29/21 & low overnight was $29,700. That is 50%+ retracement & then a strong bounce. Worth keeping an eye on the bounce and any low-retest. https://www.cmegroup.com/
Go…
Yesterday Bitcoin dipped momentarily below $30,000 but have rebounded off that low this morning. COIN is following a similar pattern but may be 2x volatility. This is a good sign because the stocks, especially Nasdaq Comp, are correlated with crypto…
Little change in markets initially. One bank I own fell some. Hard to say why. Rising rates help banks. But slowing economies are a negative for them. Gold and other metals have been weak all day - a bit of a trend lately.
Carnival atmosphere on …
Maybe I'm confused. I thought he was putting up his own personal shares and options of TSLA as collateral. I didn't know he was using TSLA company owned shares or funds. Why wouldn't his shares and options already be accounted for in the stock price…
IF I were a TSLA stockholder, customer or supplier, I would be seriously worried that the company is in the control of an ideologue, not a real manager.
Agreed. He's using TSLA as his personal piggy bank and as a result how many people/funds/pensi…
Or pick up a miner -- most of them stockpile crypto anyway. I hold BITF.
Microstrategy just seems skeezy borderline irresponsible. CEO turning the company into a huge crypto investor with practically every last cent on thier books, which I don't t…
The internet's biggest troll suddenly owning the internet's biggest troll platform with a view that pretty much any speech is acceptable free speech and 'moderation' of any sort is bad ... what could *possibly* go wrong?
It's no wonder the far rig…
Like turbulence on a plane trip -- or life itself, the only way out is thru.
Or, as Dr Sidney Freeman would say on M*A*S*H, "ladies and gentlemen, take it from me. Pull down your pants, and slide on the ice...."
Like YBB I also held GIM and TGBAX off/on for years during Hassenstab's 'golden time.' In addition to the Ukranian bonds that IIRC blew up in his face a few years ago (at the time he had a reputation for diving into risky areas and winning) I lost…
At 7-9% I'd be tempted to devote a sizable allocation as a fire-and-forget position to them, sure. It'd be similar to what I've done with my crypto lending experiment currently earning 7%, albeit with more risk.
If we ever hit 1980s rates (which I…
They really need to up the maximum $$$ an individual can buy. $10K is a lot to some, chump change to others. If I could load up a hefty slug at these rates, I'd be quite happy. Not sure it's worth the hassle of maintaining another account for 'j…
