Well I think we know this is not going to occur with the US, the UK might justify it but it'd be pointless without the US pumping their bubble bigger.
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Well I think we know this is not going to occur with the US, the UK might justify it but it'd be pointless without the US pumping their bubble bigger.
Need to see what the market does after 3pm ET. If the stimulus package doesn't work, we literally are in for a bloodbath, we've got to a point now with so much debt in the west that it's kinda irrelevant if the US pumps 1.5 trillion into the markets, those companies which are massively overleveraged are not going to be saved, its like a stack of cards with too much weight at the top, it doesn't matter if you make a little bit of the base stronger, at some point the weight of debt will topple over. We definitely could be seeing that play out at the moment..
https://www.bloomberg.com/news/arti...4-trillion-nears-record-despite-faster-growth
A strap yourself in sort of moment, everything playing out at once though in terms of uncertainty is fascinating, but the social ramifications could be severe, nobody is going to respond well to more money for bad lenders.
Dropped 20k into the SPY this morning, pretty much cleaning out my dry powder money. Was very tempted by DISNEY sub $100 but with a change of CEO and tourists staying away for the foreseeable. Sitting at $93 currently. Will have a sniff when/if it gets to $85. Really been only an index tracker investor but feeling that a lot of big sporty dividend players are getting awfully cheap. Also liking MSFT in the early $130s range
Annoyed at Trump's performance yesterday. I've never been on the TDS circle jerk virtue signaling bandwagon like half the planet, but I was looking for a strong and decisive speech and got a half dead, mumbling from a braindead ignoramus. Maybe Biden wouldn't be all bad. Return to normal might be just what we need after a good hearty chuckle the past few years. Just a shame November is still a ways off.
Annoyed at Trump's performance yesterday. I've never been on the TDS circle jerk virtue signaling bandwagon like half the planet, but I was looking for a strong and decisive speech and got a half dead, mumbling from a braindead ignoramus. Maybe Biden wouldn't be all bad. Return to normal might be just what we need after a good hearty chuckle the past few years. Just a shame November is still a ways off.
Just done the maths and, on paper, I've "lost" £51,822 vs 1 month ago
How much worse will it get?!? Have some funds to buy more but I can see it getting a lot worse before it gets better.
Ouch. Wish it can make me feel better but I'm nearing a paper loss of a souped up Tesla myself :/
Some guy I speak to online showed me his losses this week from a month ago. In the 470k range. That's before the latest rounds of sell offs.
Interesting times for sure
God no. Be the silliest thing I could do now. I've taken sizeable paper losses. Gotta see it through. Just hope it recovers in the next 20 years for when I'll 'need' it.
I thought the same of Boris Johnson in his press conference today - I have absolutely no confidence in his ability / intelligence based on his inability to give a straight, assertive answer to very simple questions.
That said, I did think the Science & Medical experts he brought along were fantastic and did a great job of breaking down & explaining how this pandemic is expected to affect us and why they have taken the actions they have.
Just goes to show, it doesn't matter if you are useless as long as those who work for you know their stuff...
I agree in principle, but bear in mind that a lot of things are dependent on the stock market going up, and I don't just mean billionaires getting richer. Pensions are an obvious example. I do think what they're doing currently is only kicking the can down the road though, and at some point we'll have to face reality.
I think 413x was alluding to the fact you could sell now then buy again in X number of days at a lower price as everything seems to be pointing at further losses.
That said I do agree with you, I have no plans to sell. I am however planning to put approx. £20k in when I feel the market has bottomed out to average down my current holdings.
Going off on a bit of a tangent, I've also recently taken a bit of a punt on more speculative shares in the mining & energy sectors in Africa. Given the outrageous governments in Africa it could all end in tears but exciting and big potential gains / losses to be had!
Sucks man. I'm getting tempted buying into DIS now but I think there's more downside to come. I liked them at sub 100 but now I'm thinking mid 80s with yesterday's announcement.
Completely, we're in a no win situation really, pensioners don't want to see their wealth go down and young people don't have a chance at buying anything because its all way too overvalued.
Soldato
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Imagine those who have shorted the markets
I have a short but its only a hedge and my main thought is why the heck didnt I add in January (brexit, Iran spike etc. is enough reason to add) but it was well into the red so I let it run. Selling FTSE fund equates to the same thing roughly, I did a tiny amount as a switch to gold also recently. I think it helps to gain a positive view as to both directions so thats why I figure a short is good, I'm very much not gaining overall judged on the price face value alone.
So the short looks great, gold is ok, oil imo is an opportunity I'm not exactly saying yields are why. Its possible some companies hedge their production, this is the purpose of contracts really to allow security to project costs, etc. but I guess this is not a majority hold most would have.
Years ago SLA and also Neptune Japan fund manager hedged out the entire market in '08 I think his performance figure was 130% that year or something silly, I do still have that fund so I wonder if he did that now or was able to. Anyhow I rate companies over cash and once I close this short, I dont really want to ever have it again as its expensive insurance.
Until we get the market event equal to Krakatoa the story is not changing, cash too cheap and prices rise. Gold is a hedge or short if you want to label it that, its a short against the stupidity of mankind or just natural failure and reset which is not the exception but the rule imo. Warren Buffet says its useless but he can hedge himself, most of us need security or some facility to us and imo gold is still reasonable to hold, buy and even the miners who are extra risk imo I'm bullish on them for a phase of years forward and wont change my mind easily. Price down on them is great definitely, only sellers should care about a lower price.
SPY index wasnt a big sell before, now its Dec 2018 which is at last a proper sell. But the context really I want to reference or look at seriously for weight is the whole term of this presidency. I closed a short Nov 2016 and it was stupidly bullish then, if its turning around thats the price i want to look at. Ideally I want to close the short again in that same place for a good zero velocity trip and hopefully an indication of a reset completion.
The whole sharp bear rallys which fail and turn into a new lower low is reminiscent of 2008 and probably triggering a few bad memories on that. This sell now is about cheap money, possibly shale oil debt goes bust I dont know others are any threat so prices are a mirroring a bigger sell to match the very inflated prices.
Not a proper graph but price data top left for dec 2018 low , as its also top pricing to 2017 first half roughly i reckon its reasonable to pay attention to spy in this area.
Friday people (or speculators) are cautious as they dont want to hold over the weekend with leveraged trades.
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Soldato
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What's the appeal ? Star wars is finished, Marvel side of things is never going to reach the heights of the last decade, the streaming bubble is going to burst because every company wants a piece of the pie, so what is there to make it appealing in the future ?
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Parents will use it to keep their kids occupied.
Soldato
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They also own HULU and ESPN, neither of which will be showing much in the way of live sports for the near future..!
Soldato
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But the markets are going to tank as long as this continues at least until we start reduced numbers of infected and that means everything will be pulled down so why is 80 an appealing price when it could go way way lower ? If it's for long term, then my point still stands, they show relatively little appeal short or long term