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Isn’t social security and medicare like the #2 issue for republicans, behind fetuses with guns? e: And by republicans I mean the people who vote. And by people who vote I mean old people drunken officeparty fucked around with this message at 00:08 on Aug 10, 2020 |
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Aug 10, 2020 00:06
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Can someone recommend a non-tech blue chip to go long on?
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Aug 10, 2020 00:32
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drunken officeparty posted:Isn’t social security and medicare like the #2 issue for republicans, behind fetuses with guns? Depends on if you ask people whether they're for entitlements or for social security I'm not joking
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Aug 10, 2020 00:40
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LiterallyATomato posted:Can someone recommend a non-tech blue chip to go long on? BTI and MO earn a lot of money and are pivoting to smokeless devices. They're also probably going to do well from marijuana if it's ever legalized at the federal level. They pay dividends 
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Aug 10, 2020 00:57
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lol Please let me emigrate out of this doomed god damned forsaken shithole country next year at latest I regret coming back, I'll wage slave for the next 40 years in Asia if I have to because it's going to be better than whatever is going to be happening here at that time once the government strong arms peoples' pensions and retirement funds from them to avoid bankruptcy
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Aug 10, 2020 05:33
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Not a Children posted:Depends on if you ask people whether they're for entitlements or for social security The impact of wording's hilarious. Example: "Taking Over" vs "Nationalizing" 
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Aug 10, 2020 05:41
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D-Pad posted:My wife and I are looking for a house and an interesting thing I have noticed is houses in the $325-450k range are staying on the market longer and even seeing price cuts while the houses $500k+ are getting snapped up within a day of listing often higher than asking. This is in Austin. It's anecdotal but I think it says a lot about how uneven the impact of covid is. All the computer touchers that can afford a $500k+ house have been effected very little while the average middle class person that isn't in tech is having a tough time. Austin prices are ridiculous. Post in the Austin thread and more people can yell at you about it too!! Y'all should take your money and put it in San Antonio on the south side and get 3 houses. Please try to hold off purchasing a house in Austin until the foreclosure and eviction schedules are cleared up. TropicalCoke fucked around with this message at 06:12 on Aug 10, 2020 |
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Aug 10, 2020 06:06
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AHH F/UGH posted:lol Please let me emigrate out of this doomed god damned forsaken shithole country next year at latest I'm leaving the US for UK in a few months...which is...better?? Maybe?
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Aug 10, 2020 06:08
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Is anyone holding an appreciable position in some kind of China broad market ETF for the longer term?
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Aug 10, 2020 08:10
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UnfurledSails posted:I'm leaving the US for UK in a few months...which is...better?? Maybe? That’s like moving from Byzantium to Rome.
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Aug 10, 2020 11:19
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I have a good feeling about Cisco this week.AHH F/UGH posted:
We're going to be Brazil eventually, mixed with Argentina. Funny you mentioned Asia, we should be begging for Asian immigration. UnfurledSails posted:I'm leaving the US for UK in a few months...which is...better?? Maybe? 
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Aug 10, 2020 13:49
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Direct capital injection was the way to save banks in 2008 but lol if you’re a state local govt or worker https://twitter.com/livesquawk/status/1292810388686372868?s=21
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Aug 10, 2020 14:12
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A 20% revenue drop for a municipality usually means they start slashing school district line items, reduce emergency services or road/winter maintenance, or they start defaulting on long term debt obligations. There's not a whole lot of wiggle room. The only cushion available to most is unreserved general fund balance and that is generally only like 5-10% a lot of times (it's typically dictated by state statute) or borrowing more money. Add to this the unanticipated expenditures related to COVID. And just from conversations with municipal finance dudes in my state, I don't think borrowing more money is really on the table for a lot of places if there's no significant economic recovery (and revenue recovery) within a reasonable timeline. I've been saying this issue has been on the horizon all summer and it definitely seems like we're about to run headlong into it with no actual mitigation plan. poo poo might be hosed. e: and doubly-hosed for any town that eats a hurricane this year. Have fun, Southeastern US. FreelanceSocialist fucked around with this message at 14:28 on Aug 10, 2020 |
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Aug 10, 2020 14:21
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doingitwrong posted:That’s like moving from Byzantium to Rome. I was born in Istanbul so you're more correct than you think. Either US or UK is better than Istanbul though so
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Aug 10, 2020 14:27
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Go MGM go!
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Aug 10, 2020 14:38
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RIP Kodak bag-holders. Wonder if the SEC probe into that bullshit will ever result in anything? e: exited my Alcoa position from Friday for +9%. Might still have room to go up but I don't have enough confidence to hold longer. FreelanceSocialist fucked around with this message at 15:24 on Aug 10, 2020 |
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Aug 10, 2020 14:45
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TDOC getting crushed, im out at 10% loss on the stock but I got an cheap option incase it still bounces by EOM. On the other hand I got FDX right after UPS earning. I am friends with lots of other ecommerce/online retailers and they have all added Fedex for their international shipping because of USPS being overloaded. I expect at least a break over $200 pre earning.
Ulio fucked around with this message at 14:54 on Aug 10, 2020 |
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Aug 10, 2020 14:51
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Does anyone else have any airline stocks here? I bought both AC and CHR recently, they are half the pre-covid price and I figure that the government wouldn't let Air Canada go under. I hope.
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Aug 10, 2020 14:57
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I got caught with a humiliating quantity of DAL stock i had as a long term position. At least it was all in my taxable account. I have no idea what to do, i plan to just hold it for another year or two and hope for the best.
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Aug 10, 2020 15:20
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TropicalCoke posted:Austin prices are ridiculous. Post in the Austin thread and more people can yell at you about it too!! My wife is a local and a partner in a business here so we will be in Austin forever. Prices are high, but we are looking at houses in a price range that is significantly less than we can afford and would end up being cheaper than what we are paying to rent now. Found a great house a couple blocks from where we rent that just had a complete remodel and put an offer in. I had considered waiting for evictions/foreclosures and getting something at auction for cheaper or waiting for prices to drop when inventory goes up but that can be a crapshoot and then Austin extended the moratorium until end of year.
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Aug 10, 2020 15:37
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closed all my fun money positions just a few minutes ago before the market dumped a bit came out ahead in every closed position, but, would've been better if I sold them last week. welp! currently eyeing HD and LOW as possible next plays, and maybe some BRK/B
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Aug 10, 2020 15:47
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pmchem posted:closed all my fun money positions just a few minutes ago before the market dumped a bit https://www.cnbc.com/2020/08/10/coronavirus-who-sees-green-shoots-of-hope-as-global-cases-near-20-million.html Is this why tech sank? quote:WHO sees ‘green shoots of hope’ in coronavirus fight as global cases near 20 million
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Aug 10, 2020 15:52
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Wow - got out of my SPY calls literally just in time.
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Aug 10, 2020 15:56
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LLCoolJD posted:https://www.cnbc.com/2020/08/10/coronavirus-who-sees-green-shoots-of-hope-as-global-cases-near-20-million.html I don't know for sure, but here's my 4 best ideas on why tech is sinking: 1. most big tech 2Q earnings are done, so investment bankers / hedge funds are moving capital to other sectors for their earnings plays 2. china cold war / trade war is heating up, that is worse for tech than it is for, say, carnival cruise. 3. profit-taking as tech has run way further than other sectors this summer. 4. $DXY starting to rise again makes tech exports (SaaS) less affordable to int'l customers. in reality it's probably a mix of everything.
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Aug 10, 2020 15:58
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LLCoolJD posted:https://www.cnbc.com/2020/08/10/coronavirus-who-sees-green-shoots-of-hope-as-global-cases-near-20-million.html I really have no idea why the market decides to take a poo poo when it does. Bad news -> number go up. Good news -> number go down. Tech is just volatile as hell and at all time highs right now though so who knows. I've been holding a lot of cash waiting for a crash but I'm probably going to get burned long term because I'm really bad at this. pmchem posted:I don't know for sure, but here's my 4 best ideas on why tech is sinking: This all makes sense too and would explain other indexes going up at the same time. Cold on a Cob fucked around with this message at 16:04 on Aug 10, 2020 |
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Aug 10, 2020 15:59
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I missed the tech rally by buying into "value" dividend stocks. Sensible and boring, but I sleep at night. Could still lose my shirt if some of the names I bought go under, I guess. I just don't want to park all of my dollars in an account doing nothing with the dollar looking so vulnerable to a decline.
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Aug 10, 2020 16:06
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I've lost track of where we are in the China Tradewar cycle because it feels like we now have like five other dumb cycles to think about. COVID stimulus cycle and pharma vaccine news cycle and seat-of-the-pants tariffs cycle...
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Aug 10, 2020 16:07
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Spectral_beard posted:I got caught with a humiliating quantity of DAL stock i had as a long term position. At least it was all in my taxable account. I have no idea what to do, i plan to just hold it for another year or two and hope for the best. I snagged a relatively small amount based on advice in this thread when poo poo was hitting the fan at $45. It's fine since I don't need the money for anything, and they'll survive based on size / balance sheet so it should eventually get back up. I heard someone talking about crazy inflation coming up, so I started to really look into it. It seems like opinions are divided: 50/50, leaning towards inflation: https://www.forbes.com/sites/investor/2020/06/10/will-there-be-deflation-or-inflation-in-the-post-coronavirus-world/#5eaccf436f18 Leaning towards deflation: https://www.socialeurope.eu/the-covid-19-crisis-inflationary-or-deflationary e: The second one is for Germany, but describes a lot of the same underlying conditions. Not sure how the German money printer is doing compared to the US.
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Aug 10, 2020 16:09
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FreelanceSocialist posted:And just from conversations with municipal finance dudes in my state, I don't think borrowing more money is really on the table for a lot of places if there's no significant economic recovery (and revenue recovery) within a reasonable timeline. Why wouldn’t local governments be able to borrow pretty much whatever they need right now? Interest rates are very low and everyone is chasing even the tiniest return so I think there is plenty of capital willing to lend. I don’t really see how this would become an issue until interest rates start rising again, which hopefully happens with a good recovery of the tax base.
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Aug 10, 2020 16:17
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Alctel posted:Does anyone else have any airline stocks here? I bought both AC and CHR recently, they are half the pre-covid price and I figure that the government wouldn't let Air Canada go under. I hope.
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Aug 10, 2020 16:31
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freezepops posted:Why wouldn’t local governments be able to borrow pretty much whatever they need right now? Interest rates are very low and everyone is chasing even the tiniest return so I think there is plenty of capital willing to lend. I don’t really see how this would become an issue until interest rates start rising again, which hopefully happens with a good recovery of the tax base. Just because interest rates are low doesnt mean investors will buy just any bonds. I mean, would you buy debt in someone who is having troble getting enough revenue? Munis are going to struggle and there won't be much appetite or that risk.
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Aug 10, 2020 16:34
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munis are doing just fine lately, https://stockcharts.com/freecharts/perf.php?vgit%2Cvteb (compared to intermed treas) helped by, https://www.federalreserve.gov/monetarypolicy/muni.htm
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Aug 10, 2020 16:38
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Oscar Wild posted:Just because interest rates are low doesnt mean investors will buy just any bonds. I mean, would you buy debt in someone who is having troble getting enough revenue? Munis are going to struggle and there won't be much appetite or that risk. I would be willing to buy risky debt, for a higher interest rate. Why do you think there won’t be much appetite for risk going forward? If anything investors have been chasing any return at all with large sums of cheap money for years now. I don’t see why this would change anytime soon, especially with money getting even cheaper.
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Aug 10, 2020 16:52
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freezepops posted:I would be willing to buy risky debt, for a higher interest rate. Why do you think there won’t be much appetite for risk going forward? If anything investors have been chasing any return at all with large sums of cheap money for years now. I don’t see why this would change anytime soon, especially with money getting even cheaper. boy do I have the perfect product for you: iShares Fallen Angels USD Bond ETF https://www.ishares.com/us/products/283855/ishares-fallen-angels-usd-bond-etf-fund - junk bonds - but recently IG, so they're guaranteed by the Fed (being bought by the Fed) - over 5% SEC 30-day yield - total return almost keeping pace with the S&P 500 since April - only 0.25% ER I'm considering making it my primary (and only) bond holding. anyone else look into fallen angel bonds? https://www.investopedia.com/terms/f/fallenangel.asp
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Aug 10, 2020 16:55
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dougdrums posted:I bought AAL, DAL, LUV, and UAL maybe two or three months ago. I'm up about 40% between them. Not sure why they're all up today. Pretty sure frequent flier miles are the only thing holding the market together rn. Airline shares surge as TSA numbers hit pandemic high, support for second bailout builds
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Aug 10, 2020 17:01
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Quick questions for the thread. It's more apropos in real estate, but the real estate thread will tell you "don't time the market" and the long term thread will tell you "don't time the market", I'm in the mood to try. Is there any consensus on whether buying a home this year is more risky or ill advised than normal? Is it too dependent on local area to give a consensus that applies to most of the country?
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Aug 10, 2020 17:03
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I had a position in CELH, got in at 9 and sold at 12 when things were feeling more up and down. Very mad at myself for missing out on 100% more gain so far.
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Aug 10, 2020 17:04
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Inner Light posted:Quick questions for the thread. It's more apropos in real estate, but the real estate thread will tell you "don't time the market" and the long term thread will tell you "don't time the market", I'm in the mood to try. in general, if you don't already own, buy ASAP. mortgage rates are low as hell and real estate is gonna massively inflate the next decade in part because of that. for specific areas, ultra high-density cities are actually declining in value right now due to corona (easier to spread) and riots (property owners don't like riots nearby). most other areas are fine. you'll have to learn your local market.
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Aug 10, 2020 17:12
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pmchem posted:in general, if you don't already own, buy ASAP. mortgage rates are low as hell and real estate is gonna massively inflate the next decade in part because of that. But if interest rates go back up, wouldn't there suddenly be a big ol crash as everyone starts shedding excess properties? Or when the boomers start dying off en-mass? edit: I'm Canada, on the west coast. I don't see how it can actually inflate anymore Alctel fucked around with this message at 17:29 on Aug 10, 2020 |
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Aug 10, 2020 17:22
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Alctel posted:But if interest rates go back up, wouldn't there suddenly be a big ol crash as everyone starts shedding excess properties? Or when the boomers start dying off en-mass? A big part of Canada West Coast real estate prices have to do with wealthy people fleeing Hong Kong and boomers in general looking to retire somewhere nice, right?
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Aug 10, 2020 17:44
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