Anybody taking advantage of Coronavirus?

Discussion in 'Business, Investing & Finance' started by ThreatMatrix, Feb 29, 2020.

  1. Detroitgator

    Detroitgator Well-Known Member
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    Just remember, the "overnight" didn't "slip," it is absolutely 100% set by the Fed. They control that one absolutely
     
    • alcoholica

      alcoholica I'm what Willis was talking about
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      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

      Concrete Helmet Hook, Line, and Sinker
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      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

      alcoholica I'm what Willis was talking about
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      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

        Concrete Helmet Hook, Line, and Sinker
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        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....:lol:
         
      • Detroitgator

        Detroitgator Well-Known Member
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        10 yr yield drops... I give everyone one, and only one, guess as to who is buying the bonds. ;)
         
        • FireFoley

          FireFoley Senior Member
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          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

          no1g8r Bringing Reason to the Masses
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          #FedUp
           
        • FireFoley

          FireFoley Senior Member
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          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

            Concrete Helmet Hook, Line, and Sinker
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            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

            FireFoley Senior Member
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            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

            bradgator2 Rioting
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            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

              alcoholica I'm what Willis was talking about
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              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

                FireFoley Senior Member
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                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

                  Concrete Helmet Hook, Line, and Sinker
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                  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

                  Detroitgator Well-Known Member
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                  It's allllll about the 10 yr/USD right now, and what Powell says/the reaction.
                   
                  • FireFoley

                    FireFoley Senior Member
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                    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

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

                      "We are the stock markets bytch"!
                       
                    • Concrete Helmet

                      Concrete Helmet Hook, Line, and Sinker
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                      Must be St. Patty's Day....everything magically turned green after Sensei Powell spoke....until tomorrow when another dose of truth comes out.
                       
                      #919 Concrete Helmet, Mar 17, 2021
                      Last edited: Mar 17, 2021
                    • BMF

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

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