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100xOdds
100xOdds
Joined: Feb 5, 2012
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March 15th, 2020 at 9:35:58 PM permalink
Quote: unJon

Looks like market set for a bloodbath tomorrow.

cant wait.
im 50% cash. will spend some of it increasing my international fund allocation in my portfolio at market close tomorrow.
then i dont have to think about for the rest of my life except for annual rebalance.
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
100xOdds
100xOdds
Joined: Feb 5, 2012
  • Threads: 525
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March 16th, 2020 at 6:23:52 AM permalink
Quote: TigerWu

Yes, you want BJK, VanEck. Trading at $28 right now.

with all the casinos shutting down in the US, i'm going to try to short this.
but i got this warning from my brokerage:
This security is "hard-to-borrow."
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
odiousgambit
odiousgambit
Joined: Nov 9, 2009
  • Threads: 307
  • Posts: 8429
March 16th, 2020 at 7:18:33 AM permalink
true to my word, I'm buying stocks today

if the market keeps going down, I'll still be buying
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
Suited89
Suited89
Joined: Dec 23, 2019
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March 16th, 2020 at 7:29:24 AM permalink
In today's news alert;

1.) Palladium has lost its premium to Gold that was as high as $1000. Both are now trading within US$5 of 1470.

2.) The NYSE Average (^NYA) ripped through the "psychological" barrier of 10,000 and is currently in the low 9700's.

3.) My watchlist pick WY was halted 30 minutes, opeened at 10AM, and tanked to $17.50, right now its found a balance around $18.30

4.) Other pick of OHI has tanked -$5 to $21.50 ish

And Happy Hour (morning) is coming to a close.

Regards
Suited89
some people need to reimagine their thinking
odiousgambit
odiousgambit
Joined: Nov 9, 2009
  • Threads: 307
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March 16th, 2020 at 7:58:33 AM permalink
Quote: SOOPOO

can someone explain to me what 'fed funds rate of zero' means in simple English?

In simple English, if your bank can get federal funds for 0% interest, why would they pay you anything?

the 2 yr treasuries are said to track the fed fund rate closely

the longer term treasuries: you don't know, but of course the change tends to knock them lower

not an expert on this
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
TigerWu
TigerWu
Joined: May 23, 2016
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March 16th, 2020 at 8:43:50 AM permalink
Quote: SOOPOO



can someone explain to me what 'fed funds rate of zero' means in simple English?



The very dumbed down explanation is that it is now cheaper to borrow money, i.e. get a loan, and this in theory is supposed to encourage spending, which in turn stimulates the economy.
Face
Administrator
Face
Joined: Dec 27, 2010
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Thanks for this post from:
tringlomane
March 16th, 2020 at 1:08:30 PM permalink
Quote: SOOPOO


I think the smart ones are expecting Ford to go bankrupt.



Having recently bought my first Ford, I can only say that they deserve to. Twice.
The opinions of this moderator are for entertainment purposes only.
Suited89
Suited89
Joined: Dec 23, 2019
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March 16th, 2020 at 1:14:12 PM permalink
Well if the consumer wants a loan, the Credit Card is way higher. I know some folks that bought into the miles/points/cash-back scheme that are paying 25%, and others without such scheme paying 13 to 15%. TBH I don't know what the rate is walking into bank and asking for 10G's/5 years. It should be lower than 13%, but thats a guess these days.

As for Ford, big gamble, and not investment-grade either. Their recent 'redesigns' are a 4-wheeled turd. No word on electric offerings in months. They might already have the proverbial fork stuck in them.

And the Dow Jones tanked 3000 +/- 1 point.

Regards
Suited89
some people need to reimagine their thinking
TigerWu
TigerWu
Joined: May 23, 2016
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March 16th, 2020 at 2:16:09 PM permalink
S&P down almost 27% YTD.

Dow down 30% YTD.

Nasdaq down 24% YTD.
SM777
SM777
Joined: Apr 8, 2016
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Thanks for this post from:
odiousgambittringlomane
March 16th, 2020 at 3:54:15 PM permalink
Quote: TigerWu

S&P down almost 27% YTD.

Dow down 30% YTD.

Nasdaq down 24% YTD.



#Winning

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