Anybody taking advantage of Coronavirus?

[alcoholica]

Just remember, the "overnight" didn't "slip," it is absolutely 100% set by the Fed. They control that one absolutely

The first hit may come when the FC’s start hitting the books. That’s when write offs will start hitting earnings. Auditors are a lot stricter than doing the last crash.

 

[Concrete Helmet]

Start researching your bank stocks now. When the big boys get hit, the whole sector will drop. But there are plenty of regional banks that only fund thru deposits. It’s nice to have a couple identified for whenever a big bank does something stupid and drives down the sector

Great info. I use 3 different Credit Unions and one regional bank at this time but we did start to put some additional company cash into BOA a couple years back....

 

[alcoholica]

Great info. I use 3 different Credit Unions and one regional bank at this time but we did start to put some additional company cash into BOA a couple years back....

The banking sector is great to track because the big boys F up enough to create opportunities for claw backs. Probably won’t be the best opportunity when it crashes, but you never know.

 

[Concrete Helmet]

Just remember, the "overnight" didn't "slip," it is absolutely 100% set by the Fed. They control that one absolutely

All I want to know from you is how scared I should be on a scale of 1 to 10.....10 meaning I should I should send essential supplies underground and conceal the tunnel entrances....

 

[Detroitgator]

10 yr yield drops... I give everyone one, and only one, guess as to who is buying the bonds. ;)

 

[FireFoley]

10 yr yield drops... I give everyone one, and only one, guess as to who is buying the bonds. ;)

LOL. If this AM's move in the Nasdaq is not proof positive that all that has mattered to it in the past few weeks is interest rates, then I do not know what else to say. It does not mean that it will always be the reason of the day, but for now it is. As @Detroitgator mentioned, wonder who is buying 10 yr. treasurys given that they have been stubborn around 1.60. And oddly the 2 yr. is not moving and in fact it has moved up a bit lately. Is it that the market does not believe the FED and that rates will have to be raised or is it the FED altering their duration purchases? Me thinks and probably @Detroitgator does as well that it is the latter.

 

[no1g8r]

10 yr yield drops... I give everyone one, and only one, guess as to who is buying the bonds. ;)

#FedUp

 

[FireFoley]

I am not a big DJIA watcher, but technically speaking the DJIA made an all time high today (yes I know the stocks change in the average when it feels good) but closed on its dead azz low. FWIW.

 

[Concrete Helmet]

I am not a big DJIA watcher, but technically speaking the DJIA made an all time high today (yes I know the stocks change in the average when it feels good) but closed on its dead azz low. FWIW.

Yeah I'm not taking yesterday's bait with the NASDAQ....Sticking with inflation trade is slower gains in this chop but financials like BH are up over 15% this year and I see energy still crawling up a little more before rolling over.

Just watched some history of the 2000 bubble and crash and those that transitioned to the fundamentals at the top came out much better than most...eerily similar conditions right now.

 

[FireFoley]

Yeah I'm not taking yesterday's bait with the NASDAQ....Sticking with inflation trade is slower gains in this chop but financials like BH are up over 15% this year and I see energy still crawling up a little more before rolling over.

Just watched some history of the 2000 bubble and crash and those that transitioned to the fundamentals at the top came out much better than most...eerily similar conditions right now.

Probably very prudent. Just look at today. The 10yr. auction goes off without a blow up (thanx to the JCB and our FED) yet tech stocks can't rally at all with rates going lower, so technically that is not a good sign. But with that said, the DJIA closed on its dead low on Tuesday and with lower rates today found its way to a 500pt. gain. so much for technically coming in short this morning based on Tuesday's close. So to me it is all random and I am even more leery, like you, of those high flying, no earnings tech companies. They found no footing today in a falling rate environment, so if rates spike again, could be quite a drop.

 

[bradgator2]

So I have an odd one. Last year, I spent some beer money on GE and bought 100 shares at $6.30 per share. The dog of the S&P. Damn thing is up 110%. Obviously we are not talking huge money here, but still real profit. Sell this turd and be happy with my $700 in profit, or hold on? I find this holding hilarious for some reason.

Sold it all this morning. Small win, but gained over 100%. Thing was on a tear lately but the idiots announced an 8-1 reverse split to put on a screeching halt and retreat.

 

[alcoholica]

Sold it all this morning. Small win, but gained over 100%. Thing was on a tear lately but the idiots announced an 8-1 reverse split to put on a screeching halt and retreat.

I put my order in today to change my 401k allocation to cash. Almost completely cash right now. Even my RE is liquidated.

probably premature, but not risking it

 

[FireFoley]

10 yr. Treasury rates make new recent highs this morning at a smidge over 1.67 and the Nasdaq Futures drop 160+. Now that is not a disaster given the Nasdaq is almost all time highs, but it just keeps resetting where the high P/E stocks can handle rates. It had been 1.63 ish and this morning once that was breached was when it turned. So maybe we can get to 1.70 or so and see if the high flyers can tolerate that after a while. Sure does make the Q&A with Chair Powell this afternoon ever more interesting if somehow rates can stay up here.

 

[Concrete Helmet]

10 yr. Treasury rates make new recent highs this morning at a smidge over 1.67 and the Nasdaq Futures drop 160+. Now that is not a disaster given the Nasdaq is almost all time highs

30yr looks to be creeping up again too. There's really nowhere to go right now in the SM due to the uncertainty with inflation/rates/dollar....even Energy and Value seem to be rolling over a little prematurely...it also looks like ETF's won't be a lazy mans(like me) crutch for much longer...gonna have to pick individual stocks.
If someone had told me 6 month's ago that the DOW and S&P would be at all time highs and I wouldn't have been excited I would have called them crazy.

 

[Detroitgator]

10 yr. Treasury rates make new recent highs this morning at a smidge over 1.67 and the Nasdaq Futures drop 160+. Now that is not a disaster given the Nasdaq is almost all time highs, but it just keeps resetting where the high P/E stocks can handle rates. It had been 1.63 ish and this morning once that was breached was when it turned. So maybe we can get to 1.70 or so and see if the high flyers can tolerate that after a while. Sure does make the Q&A with Chair Powell this afternoon ever more interesting if somehow rates can stay up here.

It's allllll about the 10 yr/USD right now, and what Powell says/the reaction.

 

[FireFoley]

It's allllll about the 10 yr/USD right now, and what Powell says/the reaction.

Well you know I am an interest rate watcher. With that said here is what I just took from Powell's intro before the Q&A:

"Someone call Xerox. We are going to need A LOT more ink!"

 

[FireFoley]

I mean how many different ways can the Fed say:?

"We are the stock markets bytch"!

 

[Concrete Helmet]

Must be St. Patty's Day....everything magically turned green after Sensei Powell spoke....until tomorrow when another dose of truth comes out.

 

[BMF]

I put my order in today to change my 401k allocation to cash. Almost completely cash right now. Even my RE is liquidated.

probably premature, but not risking it

I moved my TSP today to 75% fixed (it was at 30% fixed).

 

[alcoholica]

I mean how many different ways can the Fed say:?

"We are the stock markets bytch"!

just need it to hold out a couple more weeks