Stock Market update: Everybody panic!

[AVGWarhawk]

So; this is like 2008, possibly. Stocks are down but should we assume that in 6 months - 2 years this virus will run its course, businesses will recover even grow from pent up demand?

If you put $10,000 into a stock today that is selling @ $20, if/when it returns to its normal value @ $60, then you triple your money. We saw this in 2008-2011.

If you have the stomach for the risk. If it does not work out, there's no one to complain to. It's every man for himself in the markets.

2008 the Dow dropped to 6600. Then went to 29000 in the past year. This market will roar back. The computer traders are in a frenzy. Media is driving the panic.

[Rufus Shinra]

Worst day in History for the French stock exchange's main index CAC 40, British and German ones had their worst day in more than 30 years. I guess I'd buy Airbus stock if I had cash at hand.

[Skybird]

Markets closed, second worst day in its history for the German DAX. in the end it lost over 12% today.

[Buddahaid]

"The system is not really geared to what we need right now... let's admit it," said Dr Anthony Fauci from the National Institute of Allergy and Infectious Diseases."

https://www.bbc.com/news/world-us-canada-51860529

[Skybird]

2008 the Dow dropped to 6600. Then went to 29000 in the past year. This market will roar back.


Which tells something on how really unreal it is. No real economy wins and looses value by severla factors this fast - except bombs wipe it out in war.

[mapuc]

Looks very good indeed.

People is hoarding and business is panicking

Markus

[Aktungbby]

It's every man for himself in the markets.Being extremely stingy and conservative by nature, my account has a standing lockdown order at 5% decline which has just triggered for the second time in three years! This freezes the account which stems from an inheritance, which I essentially just preserve for my offspring in turn, so my instructions to the broker were simple & direct: "u don't have to make anything... just don't lose anything." My wife and brothers' accounts are much riskier, w/o the stop-loss...and boy, I'm hearing about it!:damn: :/\\!!:|\\

[Onkel Neal]

2008 the Dow dropped to 6600. Then went to 29000 in the past year. This market will roar back. The computer traders are in a frenzy. Media is driving the panic.

Want to try and call the bottom?

I say 18,400.

[Mr Quatro]

Sonar/Conn "Cancel the bottom coming up too fast"

The Dow Jones Industrial Average closed up 1,985 points, or 9.3%. The S&P 500 and Nasdaq also surged 9.3%. The averages posted their biggest one-day gains since October 2008.

Equities rallied to their session highs after President Donald Trump also said 50,000 new coronavirus tests will be available next week. Trump also said he asked the Energy Department to purchase oil for the U.S. strategic petroleum reserve, boosting oil prices.

Stocks surged on the possibility of fiscal stimulus from the U.S. government and others around the world.

https://www.msn.com/en-us/money/markets/dow-soars-nearly-2000-points-in-post-meltdown-rally/ar-BB112FMf?li=BBnb7Kz

[August]

2008 the Dow dropped to 6600. Then went to 29000 in the past year. This market will roar back. The computer traders are in a frenzy. Media is driving the panic.


Yes and when it starts roaring back some smart investors are going to ride that wave. There are a lot of extremely undervalued stocks right now. Somebody with a little cash in his pocket stands to make a killing if he picks his moment right.

[Onkel Neal]

True, but it takes strong nerves :arrgh!:

[Wasserfalke]

This too shall pass. Geez, I can't believe the lack of historical knowledge in our country. It sure can be discouraging. I'm not riding the Fear Porn roller coaster. I turn off the news when it comes on. I already know what they're gonna say anyway.:hmmm:

[Onkel Neal]

Want to try and call the bottom?

I say 18,400.

19,410 :hmmm:

[Skybird]

19,410 :hmmm:


Run this - LINK - (https://www.subsim.com/radioroom/showpost.php?p=2655133&postcount=65)via Google Translator, or see if you get the meaning without it. Its in German. Its thorough.



When Mr. Corona has crunched its way through our economic-fincial civilization form one side to the other and then it done with us, we maybe will be lucky if there even is a money system left.



The damages from the fiscal and debts crisis and the ruinous state finances were too big as if this shaking system could digest Corona happening to it.



50:50 at least that it all implodes. Or that we wake up to a totalitarian and strong state with a system not much different than China. I fear the economic aftermath of Corona more thna Corona itself. Thats why I said several days ago already that this virus desaster is bigger than WW2 and maybe the biggest game changer in the history of the past 200 years or longer. And by being that, ti could be the catapult that throws Asia to the very top of the very new global order. Its possible.


A civilizational collapse I talk of, not with zombies, but with maximum system and rule change. A complete replacement.

[mapuc]

In this crisis-read it as economical drought
The government, in your country, will take money from the poor and the elders and give it to the poor rich people.

Markus

[Catfish]

In this crisis-read it as economical drought
The government, in your country, will take money from the poor and the elders and give it to the poor rich people. Markus
So true, I always wondered why the majority of people vote against their interests :03:
The joke is that just of all a lot of real rich people here say that the taxing system in Germany is a joke, and that they would be willing to pay more taxes voluntarily. No, not a joke.

Well, this was before Corona.

[Onkel Neal]

So true, I always wondered why the majority of people vote against their interests :03:
The joke is that just of all a lot of real rich people here say that the taxing system in Germany is a joke, and that they would be willing to pay more taxes voluntarily. No, not a joke.

Well, this was before Corona.

Not sure what you mean, why the majority of people vote against their interests





Run this - LINK - (https://www.subsim.com/radioroom/showpost.php?p=2655133&postcount=65)via Google Translator, or see if you get the meaning without it. Its in German. Its thorough.



When Mr. Corona has crunched its way through our economic-fincial civilization form one side to the other and then it done with us, we maybe will be lucky if there even is a money system left.



The damages from the fiscal and debts crisis and the ruinous state finances were too big as if this shaking system could digest Corona happening to it.



50:50 at least that it all implodes. Or that we wake up to a totalitarian and strong state with a system not much different than China. I fear the economic aftermath of Corona more thna Corona itself. Thats why I said several days ago already that this virus desaster is bigger than WW2 and maybe the biggest game changer in the history of the past 200 years or longer. And by being that, ti could be the catapult that throws Asia to the very top of the very new global order. Its possible.


A civilizational collapse I talk of, not with zombies, but with maximum system and rule change. A complete replacement.


hey! Now you're starting to worry me :timeout:

[Moonlight]

Not sure what you mean, why the majority of people vote against their interests

Its quite simple old boy, take Brexit for instance, people were so fed up with it all that they went against their Labour party beliefs and voted for the Tory party just to get it over and done with. :yep:

[mapuc]

See it this way.

Yesterday you had the party of the century-it started around noon and went on far past midnight, it was almost daylight when your first party guest left.

It's now afternoon and you just woke with a hangover never felt before
And you do not dare enter your living room and your kitchen, ´cause you are afraid of what have been destroyed and what could be missing.

Markus

[Jimbuna]

Its quite simple old boy, take Brexit for instance, people were so fed up with it all that they went against their Labour party beliefs and voted for the Tory party just to get it over and done with. :yep:

QFT

[STEED]

I would not be surprised if they re-set the world's economy when the dust settles. :03:

[Jimbuna]

The markets will recover, the trick is to know the right time to buy.

[August]

The markets will recover, the trick is to know the right time to buy.


Told the wife the other day that I wanted to put some money into the stock market once it hits bottom.

[Jimbuna]

Told the wife the other day that I wanted to put some money into the stock market once it hits bottom.

Me too so be sure to let me know when it has :03:

[Onkel Neal]

Do it now. I did. No one knows if the market will go up or down significantly from here, but what we do know that it is down significantly from the normal levels of 6 weeks ago.

[Jimbuna]

I think I would only be introducing the 'kiss of death' to it all.

I'm currently locked into a miserly 3% until next June but I know that is guaranteed.

[Onkel Neal]

Want to try and call the bottom?

I say 18,400.

Well, assuming the market cvan be considered stabilized and another abrupt drop could be called a separate crash, the bottom was 18,591.93 on 3/23.

Of all the guys here who called the bottom, I was the closest. Hmm... I was also the only one who took a shot....:shucks:

https://www.subsim.com/radioroom/attachment.php?attachmentid=3241&d=1590005201

[Skybird]

It aint over before the fat lady sings.

Inflating the money volume by such ammounts as they do now, will not go without consequences. Trillions and trillions, all ficnanced on tick, with money not balanced/countered by any materiual sdafeties. Oh dear, kneel and beg for your children's pardon. Or did you really think the real economy value already has digested all the blows it got delivered in past three months...? The fiscal and economic fun has just started.

Stock prices will soar - because they seek desperately what to do with all that flood of devalued money. Since the money got and gets more, and got and gets less valuable - stock and asset prices go up.

Or I say it with Warren Buffet. Buffet is known since longer time now to not buy anything anymore. In recent days it was reported that he has started selling in bigger style than in the past couple of months since last year. He even takes the risk of hoarding ever growing mountains of cash money. This tells me he does not trust the offers the market presents. I don't either. The risks in stockmarlets has grown over the past years continously. savers and ionvestors gets almost bullied into accepting ever growing risks. Risks that since two, three years I have seen as incalculatable. They< turned investing into casino gambling, to buy their craeers some more time and delay judgement day of debt-money system.

When the only safety guaranteeing the value of money, are debts, when debts become the currency - then there is an explosive problem in it all. The fuse is burning. The smoke is already everywhere in the social and communal system as well.

[Rockstar]

Crispin Odey


https://www.msn.com/en-us/finance/markets/odey-says-governments-may-make-private-gold-ownership-illegal/ar-BB14mzFN

Crispin Odey, one of Europe’s highest-profile hedge fund managers, said that governments may ban private gold ownership if they lose control of inflation in the wake of the coronavirus crisis.

[Rockstar]

https://www.bloomberg.com/news/articles/2020-05-20/what-to-watch-as-china-unveils-latest-stimulus-in-policy-meeting
What to Watch as China Unveils Stimulus in Policy Meeting

[mapuc]

I can't remember if I have mentioned it before.

When it comes to our economy in the world and things like stock and bonds and other money related things connected to our economy......

....our leaders need to totally rethink on how this shall be done in the future.

It will be hard, ´cause Human have a gene which I call the greedy-gene
In some this gene is strong, while in others it's weak, but we all have this gene.

To be honest I'm not so good to explain things-but our leaders need to rethink/rearrange the mechanism behind the economy in our world

Markus

[Col7777]

Well I'll be honest I know next to nothing about the Stock Market but a couple of months ago I decided to invest on a monthly basis.
I did it through my bank online, at first it grew very slowly, then it went down then up, and it has been like that ever since, I checked today(21/05/20) and it has gone up.
I did read not to invest through a bank but I looked online and to be honest I hadn't a clue what it all meant on some of these websites so I went through the bank.

Each month I put money in (£25). I once did this years ago through the bank at work and I kept getting a cheque that varied in the amount, I got short of money one time and cashed it all in.

I look in my bank online and some days it has dropped then a couple of days later it has gone up again, like I say, only been doing it a couple of months so I'll wait and see what happens.

Col.

[Col7777]

Well a bit of an update, I cancelled my ISA with the bank because I stumbled on a website that made trading very easy.
There is a practice mode that they recommend you to gt on first if you are new to buying stocks and shares.
They give you 50.000 Dollars, Euros or Pounds to trade with, it is virtual money, so not to worry it isn't coming out of your bank or theirs it is pretend.

What I did was buy as though it was what money I had and not buy stupid, after a few weeks I was making money, so I decided to go on the real trading side of it.

You can open an account for as little as £1 or $1 plus no fees as well.
Anyway I opened an account with £20 to start with I bought a few shares and they were making money so I invested in more.
cutting the story short, I did buy some bad stocks but I also bought some good ones and my account grew, up to now I'm still in the green, making a small profit.

The website is Trading212, if you go on be careful to select the practice mode first and select your country currency, then start trading and see how you get on before you decide to go live with your own money.

If you do go live use my referral and you will get anything from £$10 -£$100 free share, and I will get one too, use this as a referral:

www.trading212.com/invite/Gc30tqSs

[Jimbuna]

I wish you every success but at my age I'm happy to have tied up my investments in guaranteed fixed term fixed rate accounts.

Perhaps if I'd been younger but even then I'm wary of this type of investment when even their own small print states '76% of retail investor accounts lose money when trading CFDs with this provider.'

Can't help but think this is a coverall.

[Col7777]

They have ordinary investment type trading, plus ISA and CFD, I just do the Investment trading.

It is interesting and a bit of fun at the same time, plus there is a forum you can go on to ask advice, they seem OK and I've asked all sorts of questions stating I'm a newbie and so far everyone has been very helpful.

If you go on YouTube there are a lot of videos regarding Trading212 as well, it is very easy to use and I've bought and sold at the click of the mouse.

Col.

[Col7777]

If any of you do decide to go on Trading212 and start to go live using your own money, then before you do use this referral to log in.
You will get a free share could be anything from 10-100 £$or Euros, plus I get one too.

www.trading212.com/invite/Gc30tqSs

[Col7777]

Stock market has gone crazy, the EU market has been battered and now the US market, Covid-19 is a lot to blame but also in the US market the elections are playing a part.
I was on a forum and some guys have lost thousands today, one guy said he lost £3.5K he has finished, he's devastated.

I just drew out most of my money, I left some in to tick over plus I sold almost all of my shares bar a couple that I'll sit on till all this is over, if and when.

[Rockstar]

"The market can remain irrational longer than you can remain solvent" :03:

[Col7777]

Well it is no laughing matter, on one forum I was on some people have lost hundreds and some thousands, it has ruined one guy that came on.

Yet there were some people gloating, saying things like "Whoopee now is the time to buy with all these low prices."

Some things were on the slide but this time a lot have plummeted all at once and without much warning, my account was in the green, not by much but OK, then in a matter of a few minutes it went in to the red, all my stocks except for one went in to a deficit, I sold them all and suffered the loss.
I didn't lose that much seeing as I hadn't bought in the hundreds.

[Jimbuna]

Such are the risks and precisely why I am fully invested in fixed term, fixed interest accounts.

The rates are nowhere near what can be achieved in stocks and shares but on the plus side you are guaranteed a return on your investment.

My ISA's tied up for five years are paying 3% tax free and that'll do nicely thank you.

[Platapus]

I invest all of my money in Real Estate and Agriculture.


I pay my mortgage and buy groceries.

[Rockstar]

Well it is no laughing matter, on one forum I was on some people have lost hundreds and some thousands, it has ruined one guy that came on.

Yet there were some people gloating, saying things like "Whoopee now is the time to buy with all these low prices."

Some things were on the slide but this time a lot have plummeted all at once and without much warning, my account was in the green, not by much but OK, then in a matter of a few minutes it went in to the red, all my stocks except for one went in to a deficit, I sold them all and suffered the loss.
I didn't lose that much seeing as I hadn't bought in the hundreds.


Laughing? I'm not laughing. In fact as an investor I really don't have one ounce of care one way or the other. I'll take everything you own and I won't lose a wink of sleep over it.


You need to look at more than just a green or red light on your trading app. Unless you invested in some fly by night operation dont panic and sell off at a lose every time the market takes a down turn. You'll never make any money doing that. If its a strong company it'll bounce back. Those that can afford to average down or have the patience to hold are usually rewarded.

[Onkel Neal]

30,000 and climbing. Go, Biden, go!

Sheesh, even my languishing Exxon stock is going vertical. Now I just need someone with a time machine to tell me exactly when to sell.

[Mr Quatro]

Come on Neal you know by now that the big boys make money off of fear :o

Buy low sell high :yep:

[Onkel Neal]

Yeah, but where is "high" ?

[mapuc]

^ I say you need a six sense.

A share has it's top doesn't matter which share it is, everyone has it's max top thereafter it either flatten for a while and perhaps make another turn up or most likely heading downwards how steep depends on many factors.

Markus

[Mr Quatro]

Yeah, but where is "high" ?

I know it's hard to figure out, but the end of the year is coming and the highs now may not be the highs then.

Look at this Senator's track record :o


https://www.msn.com/en-us/money/markets/georgia-senator-boosts-wealth-with-well-timed-stock-trades/ar-BB1bohVS?ocid=BingNews

Senator David Perdue, a Georgia Republican for the second time in less than two months, Perdue's timing was impeccable. He avoided a sharp loss and reaped a stunning gain by selling and then buying the same stock: Cardlytics, an Atlanta-based financial technology company on whose board of directors he once served.

On January 23, as word spread through Congress that the coronavirus posed a major economic and public health threat, Perdue sold off $1 million to $5 million in Cardlytics stock at $86 a share, according to congressional disclosures.


Weeks later, in March, after the company's stock plunged following an unexpected leadership shakeup and lower-than-forecast earnings, Perdue bought the stock back for $30 a share, investing between $200,000 and $500,000.

Those shares have now quadrupled in value, closing at $121 a share on Tuesday.

[Jimbuna]

Yeah, but where is "high" ?

It's quite simple really. Just get yersel one of these :O:

https://i.postimg.cc/bJDgmJc1/crystal-ball-hands-lg-clr.gif (https://postimages.org/)

[Onkel Neal]

Man, this is cRazY!! :o:o:o

https://www.barrons.com/articles/how-gamestops-surge-caused-the-stock-market-to-drop-51611772532

At $330 a share, GameStop’s (ticker: GME) market capitalization was north of $23 billion, a leap from less than $300 million six months ago.

Never seen anything like this

https://finance.yahoo.com/news/what-is-wall-street-bets-the-upstart-reddit-group-that-is-pummeling-wall-street-162734056.html

The chatter about video game retailer GameStop (GME) and traders on Reddit has been bubbling over the past week and finally spilled over from the finance world to the mainstream. Here’s what’s happening:

What or who is ‘WallStreetBets’?
WallStreetBets is actually “r/wallstreetbets” and it’s a forum or “subreddit” on the popular website Reddit, which is a social platform and discussion group that also rates web content.

Essentially, it’s a group of people who enjoy talking about investing and often, speculative investing. Given that it’s on Reddit, it is accompanied by traditional Reddit-house style, which often includes profanity, irony, and a tremendous dose of memes.


Why GameStop?
One Wall Street Bets user made the case for the stock as a value investment, which means that this user viewed the stock as being more valuable than the stock price indicated. The case for buying a stock, the user wrote, had nothing to do with a turnaround in the company’s business, which has suffered during the pandemic.

So what happened to GameStop?
Many people bought into this logic. At the same time, a few hedge funds — professional investors with billions of dollars under management — were selling the stock short, betting it would go down.

So while short sellers were betting it would go down, the Wall Street Bets community started buying GameStop shares, taking the other side of the bet. In this tug of war, the stock price started to rise — and quickly. At least in this instance, the Reddit community proved to be more powerful than the short seller establishment.



So, some people finally figured out a way to use soicial media to create artificial fluctuations... on a massive scale haha, so, if you had $100 of GameStop stock last summer, it's now worth ~$ 6000.

Oh man, what's next?

https://www.youtube.com/watch?v=0_WfgypPz9Q

[blackswan40]

dance to the tune of economic decline (where used to it up North)
Is when you do the bottom line
Nagging questions always remain
Why did it happen and who was to blame?
When you reach the bottom line
The only thing to do is climb
Pick yourself up off the floor
Don't know what you're waiting for


Take a leaf out of blackswan40's book n Listen to Big Audio Dynamite
https://www.youtube.com/watch?v=4V5Zoe84BjE


Everything looks better after a bacon buttie n a pot of tea :yep:

[Torvald Von Mansee]

You guys MUST be aware of this...

Anyway, here's my lame summary:

The subreddit /r/wallstreetbets decided to buy into a stock, GameStop (GME?), that someone realized some hedge funs had severely shorted. The stock has since skyrocketed in value, I think over 1000% in value, and now those hedge funds are currently on the hook for like $70,000,000,000.

Wall Street then proceeded to show how corrupt they are. Some platforms which allow you to buy/sell stocks suddenly wouldn't allow you to buy GME stock. Some people reported that not only could they not buy GME stock, but they would be locked out of their accounts and when they could access their accounts, again, they found some of their buy orders of GME stock had been cancelled.

[Moonlight]

The system is bent towards the big players, in a single word they're all "CORRUPT", do what Mr Squirrel does and keep your cash in your Nutsack. :haha:

[Rockstar]

When a mob bands together to pump the price of a stock creating an incorrect valuation its called market manipulation. One purpose of the SEC is to protect people from that. This pump didn’t improve GME's position. It’s not changing the fact that GME is not making any money and is bleeding cash like a stuck pig and is still shutting down stores.


Shorts are still very much in play if I was a Robinhooder I'd run far from GME.

[ET2SN]

There were reports yesterday of more shares of stock being sold than what really exist. :timeout:

That isn't a good thing, that's noobs gambling with their rent money. It looks prettier when you set your cash on fire, BTW. :yep: Or, at least go to a casino. They'll comp you some free drinks.

[Jimbuna]

You guys MUST be aware of this...

Anyway, here's my lame summary:

The subreddit /r/wallstreetbets decided to buy into a stock, GameStop (GME?), that someone realized some hedge funs had severely shorted. The stock has since skyrocketed in value, I think over 1000% in value, and now those hedge funds are currently on the hook for like $70,000,000,000.

Wall Street then proceeded to show how corrupt they are. Some platforms which allow you to buy/sell stocks suddenly wouldn't allow you to buy GME stock. Some people reported that not only could they not buy GME stock, but they would be locked out of their accounts and when they could access their accounts, again, they found some of their buy orders of GME stock had been cancelled.

https://subsim.com/radioroom/showpost.php?p=2725575&postcount=95

[Torvald Von Mansee]

When a mob bands together to pump the price of a stock creating an incorrect valuation its called market manipulation. One purpose of the SEC is to protect people from that. This pump didn’t improve GME's position. It’s not changing the fact that GME is not making any money and is bleeding cash like a stuck pig and is still shutting down stores.


Shorts are still very much in play if I was a Robinhooder I'd run far from GME.

I'm sure hedge funds do market manipulation all the time. Why is it suddenly wrong now?

[Torvald Von Mansee]

https://www.subsim.com/radioroom/showpost.php?p=2725575&postcount=95

Oh, cool!! Thanks!!

[Onkel Neal]

https://www.subsim.com/radioroom/showthread.php?p=2725225#post2725225

Where it belongs.

[Skybird]

When a mob bands together to pump the price of a stock creating an incorrect valuation its called market manipulation.
Pro traders do that all the time and at the cost of little people called private investors. Just that this time the same applies but the other way around. What the pro traders do to others is not allowed to be done to them?

Double standards to protect the sharks in the pool.

I say: let it run, let it burn, let sink to the bottom whatever gets hit, leaks and sinks. Maybe it teaches some valuable lessons to some: on how crazy and insane it all has become. Gambling is not investing. And many people and investment companies and brokers cannot even be explained this, they just are beyond understandign this, ever. Investing is supporting something that is bigger than oneself, and being rewarded for that, it has a sense of responsibility and productivity in it. Gambling is to shave off as much cream as one can, and not caring for what happens afterwards.


Read the translated article I linked to here: https://www.subsim.com/radioroom/showpost.php?p=2725575&postcount=95

[Onkel Neal]

This is just the start of the calamity, at some point those redditers will start closing their positions to capture their gains and the share price will collapse...it'll be a mad rush for the door.

[Skybird]

Hedge fonds bitching about Reddit can cry me a river:


https://edition.cnn.com/2021/01/29/investing/populist-uprising-reddit-wall-street/index.html

[3catcircus]

When a mob bands together to pump the price of a stock creating an incorrect valuation its called market manipulation. One purpose of the SEC is to protect people from that. This pump didn’t improve GME's position. It’s not changing the fact that GME is not making any money and is bleeding cash like a stuck pig and is still shutting down stores.


Shorts are still very much in play if I was a Robinhooder I'd run far from GME.

Except it's not a pump-n-dump where you talk up the company, sell your shares, and watch the rubes who bought based upon your hype lose their retirement. The price has risen because of simple supply and demand. Those who shorted the stock *have* to buy it to cover off the shares that were loaned to them. They shorted more stock than was available to trade. When others started buying, the price goes up due to scarcity.

The hedge funds, perhaps shouldn't have tried to ruin gamestop by betting the price would tumble (and having friendly analysts badmouth the company in the media to make the price tumble).

People figured out their scam and countered it.

Perhaps, the market shouldn't allow shorts to begin with. The whole intent of the stock market was to allow business to offer a piece of a company to someone willing to take the chance that their money infusion would allow the company to expand and build.

Now, there's this perversion of the market that makes it attractive to short stock, manipulate the market to make the price tumble, and then swoop in to swap out the management, sell off pieces, fire all the employees, and wrap the debt up into a bankruptcy action.

Don't get me wrong, eventually the price will tumble and some fool will be left holding the bag, but this isn't a pump-n-dump.

[Onkel Neal]

This is just the start of the calamity, at some point those redditers will start closing their positions to capture their gains and the share price will collapse...it'll be a mad rush for the door.

Just like that GME is has plummeted to $53
https://images.mktw.net/im-295496?width=1260&size=1.7777777777777777

We'll see if the remain redditors can scheme another rise.

[Onkel Neal]

Blast, my OLN stock has tripled and is still going up.... but I have 4 weeks until I can sell if I don't want to take a short term capital gain. :wah: Gonna be so unhappy if the price craters.

Meanwhile: 'Big Short' investor Michael Burry says Tesla's $1.5 billion bet on Bitcoin was a distraction - and Dogecoin's record price signals a massive bubble (https://markets.businessinsider.com/currencies/news/big-short-investor-michael-burry-questions-tesla-bitcoin-dogecoin-bubble-2021-2-1030059706)

[Rockstar]

(Kitco News) - The gold market continues to shine as an alternative monetary asset, with more than just investors embracing the precious metal as a hedge against debased currencies.

Thursday, Idaho State House approved a bill that enables the State Treasurer to protect state reserve funds from inflation and financial risk by holding physical gold and silver. House Bill 7, the Idaho Sound Money Reserves bill, found overwhelming support in the House, passing by a 51-19 vote.

The bill will now head to the Idaho Senate for a hearing, which is expected to start as early as next week.

According to the bill, the proposed legislation would permit – but not require – the State Treasurer to hold some portion of state funds in physical gold and silver to help secure state assets against the risks of inflation and financial turmoil and/or to achieve capital gains as measured in Federal Reserve Notes.

https://www.kitco.com/news/2021-02-12/Idaho-State-House-approves-bill-to-hold-gold-as-inflation-risk-hedge.html

[Onkel Neal]

Olin hit $33 last week. Even Exxon is showing signs of life (https://www.cnbc.com/2021/03/01/activist-investor-jeff-ubben-to-join-exxon-mobils-board-sources-say.html). :Kaleun_Cheers:

[Onkel Neal]

The Next U.S. Oil And Gas Boom Suddenly Looms On The Horizon (https://www.forbes.com/sites/davidblackmon/2021/03/05/the-next-us-oil-and-gas-boom-looms-on-the-horizon/?sh=50ec03f72771)

U.S. benchmark crude futures topped $66 a barrel on Friday, while its global counterpart Brent neared the key $70 level. The producer alliance’s supply curbs and the rollout of Covid-19 vaccines have aided a stellar rebound for crude from the depths of the coronavirus-related fallout. OPEC+’s surprise decision on Thursday to keep output steady in April boosted prices further and led to strength in the market’s structure. Major banks upgraded price forecasts, with some calls for oil reaching north of $100 next year.

https://www.bloomberg.com/news/articles/2021-03-04/oil-heads-toward-65-as-opec-supply-shock-feeds-powerful-rally


Yes! Let the good times roll.

[Onkel Neal]

Ok, yesterday I put in a trailing stop sell at $1 for 20% of my OLN, current activation price $31.1.

[Rockstar]

GE board announces support for a 1-8 reverse split.

Boeing has resumed deliveries of its 737 Max and is taking orders again.

[Onkel Neal]

Is Buffett still a big GE holder?


Olin, will it hit $34 ?

https://finance.yahoo.com/quote/OLN?p=OLN&.tsrc=fin-srch

[mapuc]

I do not follow this thread closely, I will apologize in advance if it has been discussed earlier in this thread.

Now and then I have heard in our economy news(when I see it) the sentence

The Great Reset.

I have tried to find an answer. But maybe it's because I do not have enough knowledge about state/world economy.

Markus

[Onkel Neal]

I don't know a whole lot about finance and even less about "the great reset", had to look it up. Started reading about it on Wikipedia, but came across some nonsense about qanon and quit.

[Rockstar]

I'm not sure when they last held any GE, but I don't see Berkshire Hathaway holding on to the dumpster fire now. https://whalewisdom.com/stock/ge (page 11)


Seems a lot of new positions opening in Boeing though.

[Onkel Neal]

Is Buffett still a big GE holder?


Olin, will it hit $34 ?

https://finance.yahoo.com/quote/OLN?p=OLN&.tsrc=fin-srch

Hit $42 yesterday :up:

[mapuc]

I made wrong search pattern, maybe it was therefore I really didn't get a straight answer to what this great reset is/was.

We start with the revival of the baseless conspiracy theory, known as the 'Great Reset', which claims a group of world leaders orchestrated the pandemic to take control of the global economy.

The conspiracy theory has its origins in a genuine plan entitled 'The Great Reset', drawn up by the World Economic Forum (WEF), the organisers of an annual conference for high-profile figures from politics and business. The plan explores how countries might recover from the economic damage caused by the coronavirus pandemic.

https://www.bbc.com/news/55017002

So it is nothing lesser than a conspiracy

Markus

[August]

I made wrong search pattern, maybe it was therefore I really didn't get a straight answer to what this great reset is/was.



https://www.bbc.com/news/55017002

So it is nothing lesser than a conspiracy

Markus


Certainly nothing less but could there be any more to it? I don't know Markus but it's interesting that the article didn't attempt to debunk the actual Great Reset "conspiracy" itself but rather quickly switches to railing about other theories. It kinda raises more questions than it dismisses.

[Onkel Neal]

Sold all but 20% of my shares of OLN in March at $40.24

Now KMI is next, I hope
Kinder Morgan Posts Blowout Profit on Texas Freeze Sales (https://finance.yahoo.com/news/kinder-morgan-posts-blowout-profit-225814910.html)

The profit surge has not moved the stock yet, but they hiked dividend by 3% so all good.

[Rockstar]

Copper has been very very good to me. Three cheers for climate change! Thank you left wing tree hugging wackos, thank you Greta :D

http://fmobserver.com/wp-content/uploads/2019/08/baboon-with-cash.gif

[Rockstar]

Da' Man speaks



https://youtu.be/rtlTZL3Q5ts

[Skybird]

Cryptocurrencies took a blow after China prohibited their use. The enthusiasm of some that now there is an "alternative" to state-regulated counterfeit money I never shared, like the price of gold can be taken for granted to be seriously manipulated by state actors, states will never allow somebody to break their monopoly over currency tokens. Only a global society that could run data infrastructure outside the reach of state interference could hope to form an really independent and out of reach crypto currency, and to ever get there is copletely illusory, polus it would be more nthan many orudnary people would ever be able ti undersand and handle, especially elder people - and then you still would need to deal with criminal energy in abusing it.
I also snaped for air when they said on TV main news today that in the pandemic year 2020 there had been cormpany bancruptcies in Germany and in Europe than in the year before. Under the stress from lockdowns and the general crisis business should have donme better than ever before? Not one second I believe that. What it means is that the state aids have been used to keep many dead companies floating that in ordinary times would have run bancrupt already. In past years, goivenrments in Europoe fell into the jhabit tio glossm over the zombification rate of businesses and comnaonies in the EU, thats why I always added by habit at least 5%, if not more, to the official number. They now say 19% of the German companies are zombies, that makes it a rate of aorund every fourth business comoany in my book is a zombie - one quarter of companies, being kept afloat by EU inflationary money excesses .


Dont anyone tell me you think this could end well, I would need to burst in laughter about that statement.



A bit to my detrimental surprise the EU parliament blocked the big treaty with China. Its "on ice" (so could be revoked, thogzbcurrently that is said to be unlikely any time soon). China's revenger will blast European companies in China soon. EU states shouzdk ta<ke the chance to dleiver Merkel a devasting dedfeat over here stupid naive policy of "change by trade" and instead use the opportunity to encourage European companies to retreat form china and isolate Chgines ecmanies and politivcla actors in Europe. Although I think I hope for too much when saying that... But at least I an point it out and say: look, there is a chance and we can use the opportunity to correct a suicidal political course by the EU regarding China.

[Mr Quatro]

How to lose 4 Billion dollars in one day :o

https://www.msn.com/en-us/money/companies/coca-cola-shares-drop-4-billion-after-christiano-ronaldos-gesture-to-drink-water/ar-AAL6CeR?ocid=BingNews


Coca-Cola shares drop $4 billion after Cristiano Ronaldo's gesture to drink water

Cristiano Ronaldo’s gesture for people to drink water instead of Coke at a Euro 2020 press conference may have cost the soda company $4 billion in market value.

Coca-Cola shares dropped from $56.17 to $55.22 after Ronaldo moved two Coke bottles out of view and picked up a bottle of water before Portugal’s match against Hungary on Monday.

Coca-Cola is one of the sponsors for the UEFA EURO 2020 tournament

[Onkel Neal]

Oil hit $85 a bbl....
https://finance.yahoo.com/quote/CL%3DF?p=CL%3DF

a year ago it was $37. Oil stocks, arise!

[Skybird]

Ironically the Green Deal dreams that the elites proclaim will acchieve a booming of fossile fuels in the coming years, if not decades. Maybe not in Europe and/or the US - but everywhere else in the world. And maybe even in Europe, because renewables get demasked in their limited reach, and imminent needs dictate urgent alternatives.

In principle like the the crash-dive-the-boat-into-the-rocky-bottom!-show. It promises royal entertainment.

I just do not like that I am forced to be aboard while they deliberatelly wreck it.

I recently red something about California and how they must sometimes switch off electricity there - over the day, due to all their solar panels getting too hot on the day, and in the later afternoon and evening when the American sun shows its strange habit to drop below the horizon - which unfortunately coincides with that time of the 24 hour cycle when all the Tesla drivers have arrived home and plugged in their cars to charge them. The powergrid design seems to take this all a bit uncooperative. :D

In Germany they plan to have private wallmounts remote-controlled to not just switch off charging, but to suck car batteries empty when the grid outside runs dry. You get up in the morning, or even night, want to get to work, and find your car with an emty tank, so to speak. :yeah: They already have lovely terminology for such things. For example they speak of "spike demand smoothing". :haha:


If I would go into stocks again, oil and gas would be high on my shopping list. Renewables not so much at all. But the amrket in generla is way too overheated, and since long time. Unpredictable to make any assessments of paper values, imo, maybe with the exception of entertainment, military equipment and weapons, and general food corporations.

[Onkel Neal]

Oil $87.50

Meanwhile, the air is out of the meme stock balloon.

GameStop and AMC Stocks Continue Their Meme-Trade Selloff
https://www.barrons.com/articles/gamestop-amc-stock-meme-trade-selloff-51643047528?siteid=yhoof2

[Onkel Neal]

Oil $91.91 :D

[Onkel Neal]

Oil $107 bbl

[Onkel Neal]

Oil $112 bbl

[Onkel Neal]

Crude Oil
$115.35 BBl

[Onkel Neal]

Guess what?

Oil $135 bbl

[Jimbuna]

Between $112 and $115 atm.

Oil prices have plunged after the United Arab Emirates (UAE) said it supported increasing production.
https://www.bbc.co.uk/news/business-60680787

[Onkel Neal]

Down to $100, but with Russia cutting off Bulgaria and Poland from nat gas, wonder how this will affect the hydrocarbons market.

If Russia cuts off Europe, it's gonna go crazy.

[Jimbuna]

Russia and Europe are in a bit of a catch 22 situation atm.

The EU have sanctioned Russia yet continue to fund their aggression through oil and gas sales whilst the Russians obviously would like to punish Europe in retaliation but need the income from said sales so will most likely continue to supply.

If someone like China for example offer to take the European quota then matters will take a pivotal turn one way or the other.

[Dargo]

Down to $100, but with Russia cutting off Bulgaria and Poland from nat gas, wonder how this will affect the hydrocarbons market.

If Russia cuts off Europe, it's gonna go crazy.Russia dares not cut off his biggest buyers of gas, it will cut off smaller countries to try to divide Europe.

For Poland, it is no big deal they get gas from Norway by October, a pipeline is expected to be ready whereby Poland gets gas through Norway. Poland is also putting more effort into liquefied gas.

Bulgaria relies on Russian gas for 90 percent of its gas needs, but gas makes up a limited portion of Bulgarians' energy consumption. Coal, oil and nuclear power provide a much larger share.

[Skybird]

https://i.postimg.cc/267y9tN1/gold.png (https://postimages.org/)


I got my share of reasons to smile.

[Onkel Neal]

Oil passing $115 and never coming back down :k_confused:

Oil stocks are in the money, big time. Waited 6 years for this :arrgh!:

https://www.subsim.com/radioroom/attachment.php?attachmentid=5243&d=1653681677

[Skybird]

Oil passing $115 and never coming back down :k_confused:

Oil stocks are in the money, big time. Waited 6 years for this :arrgh!:

https://www.subsim.com/radioroom/attachment.php?attachmentid=5243&d=1653681677


I wish you good timing for "realising" your profit!

Nothing worse than to go to bed with high chart markings, and learning from the breakfast radio the next morning that Elon Musk fired a tweet again during his Japan holiday and the charts have crashed rock bottom... :D

[Jimbuna]

I wish you good timing for "realising" your profit!

Nothing worse than to go to bed with high chart markings, and learning from the breakfast radio the next morning that Elon Musk fired a tweet again during his Japan holiday and the charts have crashed rock bottom... :D

Every investors nightmare/fear but one many are prepared to gamble against....myself being one of them but only in a minor way.

[Onkel Neal]

I wish you good timing for "realising" your profit!

Nothing worse than to go to bed with high chart markings, and learning from the breakfast radio the next morning that Elon Musk fired a tweet again during his Japan holiday and the charts have crashed rock bottom... :D

Haha, ain't that the truth!

I'm going to hold the Exxon for now, let's see how hi it can go. if it makes it to $110... I may sell.

[Onkel Neal]

Up above $104, I put in a $4.50 trailing stop so it will sell if the stock drops more than that. Hoping it will keep shooting up.
https://www.subsim.com/radioroom/attachment.php?attachmentid=5258&d=1654793591

[Onkel Neal]

Well, Friday's dip triggered my sell at $101.40 so after 6 years, I am no longer an Exxon shareholder. Mixed feelings, did good on this trade with the growth and 6 years of healthy dividends but I was hoping to see $110 before selling. I still feel XOM will continue to go up as long as Putin is screwing up the world.

Oil $123 and climbing.

[Skybird]

Neue Zürcher Zeitung:


Inflation expropriates savers: asset manager Flossbach advises stocks and gold.

Bert Flossbach, the co-founder of asset manager Flossbach von Storch, expects an era of inflation. However, central banks are unlikely to raise key interest rates as much as in the 1970s. To safeguard assets, he advises investors and savers to invest in stocks and gold.

Prices are falling on the stock markets - a whole potpourri of bad news is weighing on sentiment: high inflation, the ongoing Ukraine war, high energy prices, the central banks' tighter monetary policy and the Corona policy in China. Should we expect a recession?

It's a complex mix. As asset managers, we have been most concerned about the zero-covid policy in China for months. This policy is doomed to fail in the long term because there can always be new virus variants. Officially, the Chinese government talks about the economy doing well. Growth of 5.5 percent is the target for this year. That will certainly not be achieved. The Covid 19 issue in China will hang over the financial markets like a sword of Damocles for a long time to come.

Do you see the Corona policy in China as the biggest problem for the economy?

It definitely is for economic development. China is the second largest economy in the world with very strong trade links, especially with Europe. Russia is less relevant economically, only as an energy supplier. Of course, the Ukraine war has a negative impact on inflation and economic growth, but that is an issue we can and must come to terms with. Apart from that, we are very moved by the terrible suffering of the people in Ukraine! It is difficult to forecast the economy, but the trend is obviously downward.

You have said in previous interviews that you expect a new era of inflation. So do we have to prepare for a repeat of the 1970s?

In the 1970s, inflation rose massively after the oil price shock and the Yom Kippur War, and at the same time economic growth was weak. At that time, however, real interest rates were positive - that is, after deducting inflation, yields on government bonds in Germany were always greater than zero. Today, things are different; in real terms, yields are well into negative territory. And unlike back then, inflation today is not coming from commodity prices alone. Everything is getting more expensive, take food as an example. At the same time, the industrialized countries are highly indebted; in the 1970s, by contrast, government debt was much lower. Federal Reserve Chairman Jerome Powell says he admires the then Fed Chairman, Paul Volcker, for ending the hyperinflationary period in the seventies by pulling up interest rates massively. Powell won't be able to repeat that on that scale.

Why not?

The huge debt is a problem for many debtors. It can only be financed in the long term if the interest burden remains reasonably bearable. That's why the Fed is taking a gradual approach and setting the market for key interest rates to rise in the direction of 3 percent. Then look further ahead for now. The hope is that inflation will fall. This is supported by the fact that commodity prices are unlikely to continue to rise so sharply. However, inflation has now been above the central banks' targets for too long - in the U.S. this has been the case for almost a year, and will soon be the case in Europe. People are starting to revise their inflation expectations significantly upwards. We see this, for example, in the demands of the trade unions in the wage negotiations in many European countries. Wages are likely to rise significantly in the second half of this year, or next year at the latest.

So a wage-price spiral will develop?

I expect wages to rise sustainably and prices to move upward as a result. The only way to dampen this is with a productivity boost. That is the only hope. So innovations are needed to significantly improve the productivity of the economy. Especially since there are other inflation drivers, the "three big Ds": decarbonization, demographics and deglobalization.

What are the consequences of these developments?

The aging of the population is leading to a structural shortage of labor - and is thus driving up wages. Added to this are deglobalization and decarbonization. Many companies are considering bringing production facilities home, or at least closer to their customers, not least because of recent experiences in China and supply chain problems. The Ukraine war also shows how dangerous it is to have large production capacities in a politically unstable country. With decarbonization, price increases are virtually part of the concept. In sum, the "three Ds" will drive up costs for companies. Companies will have to pass on those costs if they don't want to be left behind. I do not believe and hope that inflation will remain at 8 percent as a result. But it will be significantly higher than 2 percent in the medium term. The central banks' inflation target would thus be missed.

High inflation will at least partly reduce the huge mountains of debt that the industrialized countries have built up over the past decades. Doesn't that come in handy for the countries?

The highly indebted industrialized countries benefit from the development as long as the interest rate remains below the inflation rate. The financial repression in the USA, which began in the 1940s and lasted until the 1950s, serves as an example. In the U.S. at that time, government debt was reduced from 120 percent of gross domestic product to less than 70 percent. Today, debt is significantly higher in some countries, such as Japan and Italy. In the USA, too, public debt is very high. Inflation could help to reduce the debt significantly. On the other hand, monetary stability, to which central banks are actually committed, must be maintained. The question is therefore: How much interest can the world take?

The question is also: How much interest can Italy or the euro tolerate?

This is not higher mathematics. With an interest rate of 5 percent and a national debt of 150 percent, a state will have to pay 7.5 percent of its gross domestic product in interest payments if the interest rate settles at this level - not on the first day, of course, but over time. That's then potentially 30 percent of government revenues. No government can afford that in the long run. After all, we're only talking about interest payments here, not repayments. That's why it's inconceivable that interest rates will rise to levels we used to know.

So the central banks can't raise interest rates enough to curb inflation?

The central banks can only hope that some of the factors currently affecting inflation will evaporate as soon as possible, or at least weaken, and that the problem with supply bottlenecks will be resolved, for example. That would certainly help. Nevertheless, inflation will then not fall to 2 percent, but at best to 3 or 4 percent. But no one knows exactly. The ECB's inflation forecasts, accurate to a tenth of a percent and covering several years, seem all the funnier. That is an absolute presumption.

The Federal Reserve has taken the lead in raising interest rates. In the past, however, it has always backed off when the economic engine began to sputter . . .

Fed Chairman Powell, after all, has said very clearly that he is prepared to fight inflation with all his might. He deliberately mentioned the name Paul Volcker. So it's fair to assume that the Fed is serious about the story and won't get scared of its own guts anytime soon - to the point where the labor market suffers significantly. Sometime in the next six to eighteen months, it is likely to reach that point and pull back, despite inflation rates of more than 2 percent.

How will the ECB respond? After all, it can't just do nothing . . .

The ECB is in a quandary. Unlike the Fed, it makes monetary policy for many economies. It has to hold together a monetary union with countries that have different credit ratings and diverging government bond yields. There is now a yield spread of more than two percentage points between Italy and Germany. This is already a high degree of fragmentation, which the ECB has always warned against.

The Swiss National Bank is in the ECB's wake. What can it do at all?

Switzerland is closely intertwined economically with the euro zone. In this respect, it shares its economic fate to a certain extent. However, it has the advantage of having its own currency, which is also very accepted. The SNB can, so to speak, print money and buy shares without having to pull oil out of the ground, as Norway does. This is a very comfortable situation. So the SNB can buy the shares of the best companies in the world and thus make the Swiss happy with real investments. Politically, this is not a very easy situation; although there is still a long way to go before the SNB reaches the size of Blackrock as an equity investor. Printing money and buying good stocks with it - that's like a dream.

Turning to the stock markets, there are still strong fluctuations in trading, but the declines are already clear. Are prices still overvalued, or are there already good entry opportunities again?

There has been a significant valuation correction, especially in technology stocks. Smaller tech stocks, which were very hyped during the pandemic, have seen some disasters with price losses of 80 percent or even more. In the case of the large technology stocks, it can be said that the valuation benchmarks have recovered quite well. In this respect, the time to enter the market is currently better than it was a few months ago. However, the situation is also more complicated. For one thing, at the beginning of the year we did not yet have the war in Ukraine or the Covid 19 issue in China. That makes it difficult to make an assessment. I would say that the funds that you don't need in the longer term should be invested to a large extent in liquid tangible assets - i.e. equities, but also gold. Real estate is only suitable for large fortunes; for private investors, the risk of taking on a cluster risk is too great.

Stocks are tangible assets, but scientific studies show that they do not protect against inflation very well - especially if it is higher. In the 1970s, stocks were not too good an investment . . .

The big difference is that interest rates rose to double-digit levels in the 1970s. That's why stock valuations dropped significantly back then. Today, on the other hand, such interest rate levels are unthinkable. In this respect, it is difficult to compare the two.

Interest rates on the bond markets have risen significantly in recent months. Are bonds an alternative again?

Given current inflation expectations, bonds are not a sensible investment, at least not in the long term. The problem, after all, is that the situation is much starker today than it was a year ago. Even if there is a slightly higher coupon today, it is of no use because the inflation rate is also much higher. But that doesn't mean that bonds can't make sense over a shorter period of time, as a tactical investment.

Yields on corporate bonds, high-yield bonds and emerging-market bonds have risen sharply. Do you see opportunities here?

There has been a kind of sell-off recently in bonds from companies with decent credit but not so good ratings, for example in the BBB- to BB+ range, yields of 6 percent on euro paper. That's all better than the yields on government securities. However, if I had to face the idea of being invested in such a paper for the long term, I would be cautious as to whether this 6 percent over such a period of time is an appropriate reward at all. For investors, bonds are interesting again for a period of one or two years, but not in the long term. An "affair," not a "relationship."

Many private investors hold part of their portfolio in gold. Why hasn't the price of gold fared better in the face of higher inflation?

Gold is a long-term insurance policy against inflation and the risks of the financial system, both known and unknown to us - that is, against all that we hope will never occur. Gold, on the other hand, is not a short-term inflation hedge. It does not yield current income, and its price fluctuates significantly. That makes it unattractive to many investors. For us, gold is an integral part of mixed portfolios primarily because of its insurance character. In the long term, i.e. over many years, the price should compensate for the inflation trend. No more, no less.

There has been a lot of money to be made in commodities in recent months. Should private investors invest part of their money in commodities or corresponding financial products?

No. Most of the time, the cellar is not big enough (laughs). When you buy commodities via financial products, you have unpleasant experiences like a contango situation. You buy the commodity, assume that the price will go up, which it probably will, but then you're still unlucky because the futures contract you're investing in doesn't track the price increase. I don't know if it makes sense in the current environment to speculate on the prices of pork bellies, soybeans, wheat, copper and nickel - apart from ethical and moral aspects. You'll have to show me the private investor who is sustainably successful in commodity trading.

In an interview, you referred to the "fraud on the younger generation" in the area of retirement provision and said that a "Greta 2.0" is needed, i.e. a young activist à la Greta Thunberg for this area. What problems do you see here?

The under-40s, or in the strictest sense the under-30s, are at an extreme disadvantage due to demographic developments. They are being massively burdened. You can see this in the unfortunate pension policies in most industrialized countries. Governments are giving gifts to the old people who are used to win elections. This will become even more extreme in every future election period. The young, on the other hand, have to work much harder for their pensions. It's not just the iceberg that's melting here, but their future prospects.

One could also argue that, because of the scarcity, people will be more sought-after as workers in the future and will earn more accordingly. That's an advantage, isn't it?

That's the positive side, yes. Younger people don't have to worry about finding a job if they have either learned something useful or are willing to do various jobs that don't require high qualifications. However, the latter jobs are then again poorly paid. Skilled workers, on the other hand, for example in the IT sector, can choose the job, and the pay is often the same. But that still comes with very high costs - for living expenses, but also for retirement provisions and health insurance.

Translated with www.DeepL.com/Translator (free version)

[THE_MASK]

My advice is dont be greedy .

[Skybird]

0.75 up: US hikes interest rate in biggest rise since 1994.

Somebody at the top opf the FED feels uneasy, it seems. Not so the ECB: its "head" still dozes on. Refusal to work.

[Onkel Neal]

Wow, Exxon is tanking now, I guess my "massive" sell triggered the recession. :k_confused:

https://www.subsim.com/radioroom/attachment.php?attachmentid=5285&d=1655388582

Could this be the start of the bubble bursting? Even oil is dropping.

Or is this just a minor correction/dip.... stay tuned!

[Jimbuna]

0.75 up: US hikes interest rate in biggest rise since 1994.

Somebody at the top opf the FED feels uneasy, it seems. Not so the ECB: its "head" still dozes on. Refusal to work.


Meanwhile here in the UK...

UK interest rates have risen further as the Bank of England attempts to stem the pace of soaring prices.

Rates have increased from 1% to 1.25%, the fifth consecutive rise, pushing them to the highest level in 13 years.
https://www.bbc.co.uk/news/business-61801362

[Onkel Neal]

So glad I sold!! :yeah:

https://www.subsim.com/radioroom/attachment.php?attachmentid=5286&d=1655484141

[AVGWarhawk]

Wow, Exxon is tanking now, I guess my "massive" sell triggered the recession. :k_confused:

https://www.subsim.com/radioroom/attachment.php?attachmentid=5285&d=1655388582

Could this be the start of the bubble bursting? Even oil is dropping.

Or is this just a minor correction/dip.... stay tuned!

It is beyond correction. It is a crash.

[Catfish]

@Neal: good timing, congrats :D

[...]Somebody at the top of the FED feels uneasy, it seems. Not so the ECB: its "head" still dozes on. Refusal to work.
Maybe better not to wake them up, imagine what they would be able to if awake :o

[Onkel Neal]

Here we go ... again .

Stock market today: Dow, S&P 500, Nasdaq crater after China's tariffs turn up the trade-war heat (https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-crater-after-chinas-tariffs-turn-up-the-trade-war-heat-133033135.html)

[Jimbuna]

Thank God he'll be gone in another three and a half years at most.

[Skybird]

Thank God he'll be gone in another three and a half years at most.
And then comes Vance, with Loomer as his Vice! :D :yeah:
In the immortal words of Udo Lindenbergh: Alles klar auf der Andrea Doria!

[Jimbuna]

I wonder if any of the European countries have the courage to start trade deals with China?

I doubt the UK has.

[Dargo]

Strategic more trade with China is the only option and we Europe have the cards to make good deals Chinas economy needs our market, it is going bad at the moment.

[AVGWarhawk]

Here we go ... again .

Stock market today: Dow, S&P 500, Nasdaq crater after China's tariffs turn up the trade-war heat (https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-crater-after-chinas-tariffs-turn-up-the-trade-war-heat-133033135.html)

What Trump is doing is risky. I understand his idea of getting manufacturing back to America. I understand there will be some pain involved. But, IMO, a scalpel should have been used where he is using a battle axe.

Financial advisers say to hold the line. For many that is fine as those young of age have time to re-coop losses. Those near retirement or retired do not. I don't think Trump is considering this at all. When you can lose a few million and brush its off it ok. There are not many like this financially. It is tiresome that playing the stock market investors take all the risk. The government does not. If there are capital gains, taxes are accessed. If there are loses....oh well. Better luck in the coming months. Time to buy real estate and gold. These two seem consistent and not much of a risk.

[AVGWarhawk]

Strategic more trade with China is the only option and we Europe have the cards to make good deals Chinas economy needs our market, it is going bad at the moment.

Trump knew this was coming. We all did.

[Aktungbby]

Onkel Neal!:Kaleun_Salute:...nuthin' like a plummeting portfolio to to bring one to the surface!!? :Kaleun_Thumbs_Up::oops::Kaleun_Mad::damn: