|
greasyhands posted:CVNA is almost certainly hurtling towards ch11 restructuring From the inside it's their weird message of everything is fine. Keep doing X Y & Z. Meanwhile looking at it AS IF from and outsider I wouldn't touch it. My best guess is like 12 months at best. This includes some caveats of drop in used car prices back to normal levels. Along with banks being okay buying new papers on vehicles. Fixing our ability to sell in IL & Mi and the bad press not completely ruining our reputation. EDIT: Or crazy take. Carmax comes in and decides it's worth it.
|
#
?
Nov 8, 2022 20:55
|
|
|
|
| # ? Jun 6, 2024 10:41 |
|
|
Wow what a fun Tuesday it's been! Jo Taylor is the CEO of the Ontario Teachers Pension Plan and made a sizeable investment in FTX trading in 2021. About $420 million worth. From Sept of 2022: “In terms of the risk profile, it is probably the lowest risk profile you can have in that it’s everybody else is trading on your platform,” OTPP CEO Jo Taylor told Reuters last week. Taylor said the investment in FTX Trading is part of its strategy to learn about the crypto business and whether it gives the right balance of risks and returns. “I don’t think we have the answer to that question yet,” Taylor said. Well I think you know the answer now Mr. Taylor. 71% loss in a single day. POOF! He should have invested in Vinco Ventures! I think somebody is going to lose their job... My prediction on Carvana - yes it's doomed. And once it goes bankrupt, some car collector Youtuber (Hoovies garage maybe?) is going to buy one of those car vending machines and store their collection in it, like a giant hotwheels display case.
|
|
#
?
Nov 9, 2022 04:49
|
|
|
I can’t stand Hoovie anymore but I would 100% be on board with him getting a carvana tower.
|
|
#
?
Nov 9, 2022 06:36
|
|
|
I'm starting to think AMZN at 95 wasn't the knife I shouldve caught.
|
|
#
?
Nov 9, 2022 17:56
|
|
|
Woodchip posted:I'm starting to think AMZN at 95 wasn't the knife I shouldve caught. I am not catching any knives until the whole drawer falls on the floor early next year SPY is still at $378 it has a ways to go before we find support. If we hit below $348 before year end, I might dip my toe in the water but that's it
|
|
#
?
Nov 9, 2022 18:25
|
|
|
drk posted:Most of Europe isnt great for solar power. Its fairly far North, and low productivity even for its lattitude (clouds?): This seems like such an obvious opportunity for EU to partner with N African countries to build power lines and solar. That power generation could be world changing.
|
|
#
?
Nov 9, 2022 18:38
|
|
|
Made a shitload on MSTR puts after CZ publicly said they'd gently caress FTX. Once in a lifetime play, worked out! Good poo poo.
|
|
#
?
Nov 9, 2022 19:36
|
|
|
downout posted:This seems like such an obvious opportunity for EU to partner with N African countries to build power lines and solar. That power generation could be world changing. They are and do, but there are huge hurdles. Sabine is a physicist and very smart, her channel on science without the gobbldegook is must-watch, and this video has some explanation (along with covering many of the other problems with generation, transmission, and storage): https://www.youtube.com/watch?v=Q8xsg9iK5yo
|
|
#
?
Nov 9, 2022 19:49
|
|
|
Such a bloody day, I am never retiring.
|
|
#
?
Nov 9, 2022 19:53
|
|
|
I thought the news algorithm was giving me a stock update:
|
|
#
?
Nov 9, 2022 20:32
|
|
|
Been "pricing in" a fairly severe recession for a year now, this is the most painful poo poo ever. When/if it ever comes, I suppose R's taking the house means no chance of fiscal stimulus. Will all be on Jpow to reverse.
|
|
#
?
Nov 9, 2022 20:53
|
|
|
What is Wopj planning on doing to save number
|
|
#
?
Nov 9, 2022 21:34
|
|
|
Hadlock posted:What is Wopj planning on doing to save number Well, he said last week that he knows how to fix a recession, but he doesn't know how to fix inflation, it should be coming down by now and it isn't. So we're gonna do the recession plan and hope that fixes inflation, but he doesn't know if it will work. It was not a confidence inspiring speech whatsoever.
|
|
#
?
Nov 9, 2022 22:15
|
|
|
Is there a transcript somewhere? I can find his stuff from jackson hole in september but not anything more recent
|
|
#
?
Nov 9, 2022 22:44
|
|
|
Hadlock posted:Is there a transcript somewhere? I can find his stuff from jackson hole in september but not anything more recent https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
|
|
#
?
Nov 10, 2022 05:21
|
|
|
Nasdaq might limit up because inflation is now under 8%
|
|
#
?
Nov 10, 2022 15:27
|
|
|
https://twitter.com/Stocktwits/status/1590696214638759937?t=NUTSKQNvq5HmA-oZNhX_Sg&s=19 Ooops
|
|
#
?
Nov 10, 2022 15:33
|
|
|
https://twitter.com/JuannnioCapital/status/1590699819185491969?t=JcEkJfuGuqFP24PIrpyEVA&s=19
|
|
#
?
Nov 10, 2022 16:15
|
|
|
Number go up today!
|
|
#
?
Nov 10, 2022 16:28
|
|
|
Did I miss something? Indexes up 5%?!?
|
|
#
?
Nov 10, 2022 17:57
|
|
|
Woodchip posted:Did I miss something? Indexes up 5%?!? I think it's because inflation came in lower than what was expected.
|
|
#
?
Nov 10, 2022 18:00
|
|
|
Shroud posted:I think it's because inflation came in lower than what was expected. Its this. Some of the lovely money losing tech cos are up 20, 30% (tho deeply red for the year)
|
|
#
?
Nov 10, 2022 18:06
|
|
|
LLCoolJD posted:https://twitter.com/JuannnioCapital/status/1590699819185491969?t=JcEkJfuGuqFP24PIrpyEVA&s=19 this amazing tweet thread will definitely not be submitted as evidence in the future it's like we're in the room watching Ross Ulbricht write mycrimes.txt right in front of us https://twitter.com/SBF_FTX/status/1590709174572572675
|
|
#
?
Nov 10, 2022 18:10
|
|
|
shame on an IGA posted:this amazing tweet thread will definitely not be submitted as evidence in the future it's like we're in the room watching Ross Ulbricht write mycrimes.txt right in front of us Oh my loving god. Pretty sure I’ve seen screenshots of their UI where there’s a leverage slider that goes up to 1000x or something, but sure if you don’t stay on top of labeling your bank accounts things happen 🤷♀️
|
|
#
?
Nov 10, 2022 18:18
|
|
|
Shroud posted:I think it's because inflation came in lower than what was expected. "we're past the peak!" -Someone who doesn't recognize that CPI doesn't follow a mathematically perfect curve Wake me when CPI stays below 5% for 9 months
|
|
#
?
Nov 10, 2022 19:03
|
|
|
Hadlock posted:"we're past the peak!" -Someone who doesn't recognize that CPI doesn't follow a mathematically perfect curve I still think we were past the peak awhile back, its just that the measures are lagging. The rally is going to be front loaded, not after CPI is below 5% for 9 months.
|
|
#
?
Nov 10, 2022 19:51
|
|
|
Tokyo Sex Whale posted:Oh my loving god. As if none of you haven't told your bank/credit card that poor Excel labeling was the reason you didn't realize you were in so much debt, and that you're declaring bankruptcy right now. Also, you were taking out cash advances and maxing out your cards and giving them to your alter ego to go gamble in Vegas. We're all a little guilty of that, right? Edit: your, not our. I WAS NOT VERY CAREFUL WITH MY WORDS HERE, AND DO NOT MEAN ANY OF THEM IN A TECHNICAL OR LEGAL SENSE; I MAY WELL HAVE NOT DESCRIBED THINGS RIGHT though I'm trying to be transparent. I'M NOT A GOOD POSTER AND PROBABLY MISDESCRIBED SOMETHING. Shroud fucked around with this message at 20:37 on Nov 10, 2022 |
|
#
?
Nov 10, 2022 20:11
|
|
|
Look I work with 10000 char strings all day, 16? Small time.
|
|
#
?
Nov 10, 2022 20:16
|
|
|
Shroud posted:As if none of you haven't told our bank/credit card that ftfy
|
|
#
?
Nov 10, 2022 20:20
|
|
|
Has anyone dabbled in alternative asset funds? I’d like to try to diversify that way, are there any open to the general public? Looking to dip my toes, but I have no idea where to start. I know some stuff about medicine and a lot about computers, and very rudimentary knowledge about everything else, so I’d like to stay in those fields if possible
|
|
#
?
Nov 10, 2022 22:09
|
|
|
So you want to invest in assets that you don’t understand but only if they fall within your area of expertise?
|
|
#
?
Nov 10, 2022 22:27
|
|
|
Ubiquitus posted:Has anyone dabbled in alternative asset funds? I’d like to try to diversify that way, are there any open to the general public? Looking to dip my toes, but I have no idea where to start. In my experience, they are either smallish/sort of shady (like masterworks for fine art), or only open to accredited investors with pretty large minimums (and still sort of shady). Lots of money for the guys running the funds of course. Angel investments in biotech and/or comp-sci are uhhhh... not going well right now. I'm always interested in all sorts of diversification, but its definitely hard to get without losing money.
|
|
#
?
Nov 11, 2022 00:32
|
|
|
LLCoolJD posted:https://twitter.com/JuannnioCapital/status/1590699819185491969?t=JcEkJfuGuqFP24PIrpyEVA&s=19 other exchanges have internal hedge funds like NYSE.
|
|
#
?
Nov 11, 2022 01:15
|
|
|
shame on an IGA posted:this amazing tweet thread will definitely not be submitted as evidence in the future it's like we're in the room watching Ross Ulbricht write mycrimes.txt right in front of us Bank/securities fraud: the thread has got to be a contender for all-time Twitter greats
|
|
#
?
Nov 11, 2022 02:26
|
|
|
DNK posted:So you want to invest in assets that you don’t understand but only if they fall within your area of expertise? Just looking to see if anyone has experience in these areas they can share. I don’t have a good outlook for the near term, and I already put some money in bonds - so I’d like to diversify more into other asset classes
|
|
#
?
Nov 11, 2022 02:42
|
|
|
Baddog posted:In my experience, they are either smallish/sort of shady (like masterworks for fine art), or only open to accredited investors with pretty large minimums (and still sort of shady). Lots of money for the guys running the funds of course. That’s helpful, thanks
|
|
#
?
Nov 11, 2022 02:43
|
|
|
Ubiquitus posted:Has anyone dabbled in alternative asset funds? I’d like to try to diversify that way, are there any open to the general public? Looking to dip my toes, but I have no idea where to start. Alternative asset funds like anything that isn't equities, bonds and real estate? Or are you referring to something specific here? Mortgage Investment Companies are a sort of alternative asset that I find a bit interesting. Whenever I google this I only get hits associated with Canadian companies but surely the concept must exist in the United States and other jurisdictions, perhaps under a different name? Effectively they're sub-prime lenders and.. oh I see you're heading to the exit, no please, please come back. Sub-prime has a bad reputation thanks to uhhh the global financial crisis, but the bread and butter of MICs isn't (or at least shouldn't be) mortgages to over extended homeowners that should never own a home in the first place, but rather the more reasonable and boring area of construction loans and short term bridge loans. Another area (maybe a bit riskier) is loans to new immigrants that may have heaps of money, but little to no financial history and whom the big inflexible banks would instantly dismiss. Effectively MICs offer very short term loans (ie. less than a year) to people and businesses in odd situations to bridge them to getting a normal loan from a bank. For this service they charge a fee and a high premium interest rate (eg. in the era of 3% interest rates they were charging 9%+). The upside to investors here is that with this added risk comes added returns, and MICs will often yield 7-8% and even more. The downside is that you often have to contribute a significant amount to get your foot in the door, and while there's good MICs that have been operating for decades every once and a while you read about some sketchy one that completely blows up and shuts down, taking everyones' money with it. Some due diligence required. Also given the fact that the entire thing is based around real estate investment, there's the general fear around what happens if housing implodes. Best case scenario your 7% return dips severely. Worst case the MIC collapses?
|
|
#
?
Nov 11, 2022 05:52
|
|
|
Femtosecond posted:Alternative asset funds like anything that isn't equities, bonds and real estate? Or are you referring to something specific here? Do they provide information about their margins and how many loans have to default before they, you know, collapse? A bit of googling at least heavily implies the existence of MICs in Canada is in part due to a special tax status, and that REITs in the US target much the same niche but do not have the favorable tax treatment that may make MICs more attractive to people who bank in Loonies. Honestly, sub-prime lending is probably an area you can get some Alpha out of because it's irrationally toxic to investors due to 2008.
|
|
#
?
Nov 11, 2022 06:04
|
|
|
https://twitter.com/AFP/status/1590949038186467328?s=20&t=S8M0LzvyncJRORQHBajS9Q market will probably rip again today
|
|
#
?
Nov 11, 2022 07:18
|
|
|
|
| # ? Jun 6, 2024 10:41 |
|
|
Market is absolutely going to rip it's goddamn face off, holy poo poo Gonna buy puts as near the top as I can find
|
|
#
?
Nov 11, 2022 07:52
|
|