Market comes out hot. I sold off most of my “trading” shares yesterday in the green so can’t be mad (lol I’m mad). Wonder if this initial bounce is from the stimulus news, but then we see the sharks sell off later
I just freed up some additional cash. I don’t think we are done testing the downside of this market. Too many people are underrating the impact of this virus.
This is different since its SB but eye opening chart. For any of you that are looking to buy small businesses like me there's going to be some fire sales soon.
They haven’t adjusted down dividends yet as far as I can tell. I’ll let you know how the appreciation on growth funds looks at the end of the month
so want to buy DXD right now. I have ridden BP the past 4 days and itching to get off that rocket ship
I’d be careful on real estate right now. No liquidity in the capital markets, particularly on equity side, all fund raising has stopped which is sidelining some key market participants, all of this has happened in between March 1 rent and April 1 rent so no testing yet of what stress is coming to CMBS market etc through mortgage defaults, I heard this morning that Wework is having its final prayers said to it before BK, they occupy 2-4% of most major office markets which will create huge holes, retail and hotel are up in flames, industrial will come out strong but even there all demand is on hold. REITs are going to have to worry about rebalancing and hostile takeovers in the near future, I think the dust is 60 days away minimum from settling enough for people to even have enough visibility to guess what is going to happen.
has gone up a bunch since this morning. I figure any company deemed to big to fail is a good long term investment disclaimer - I don’t do this for a living and do dumb things from time to time.
Norwegian has fucked me for 2 days now. Had a very small window to sell with minimal loss this AM and missed it. Hoping for the same tomorrow. Gas prices evidently outweigh people not being able to actually take cruises. Who knew.
I've bought into four over the last year. They're all online based, looking to build a portfolio of a dozen or so, then start a fund for other investors. They range from a whiteboard animation studio that has contracts with fortune 100 companies to an education platform for a specific niche in the art industry. They're risky individually which is why you need to diversify heavily, but the multiples are ridiculously cheap (2.5-4x) and steadily rising. The asset class holds to the~ 30% returns. My holdings' average multiple is 3.3x and they returned 22% last year.
Feels like the market wants to get all the way back to previous highs just to crash again. Some of these gains are insane
I’m HODL all the way on some of these puts, just out of pure spite for the irrational market behavior. Cheesecake Factory just said the aren’t paying bills this month and the market responded by opening down then immediately regaining 12% in 2 hrs.
Can't decide how I want to trade this. Dumped a couple of stocks, but most of the ones I'm holding I like long-term. Might lighten my position some and hope to buy back in on another dip. Specifically: I think I'm going to dump my AMD if it breaks $48, with the hope of buying back in if the inverse head and shoulders materializes Sell some AAL if it gets above $17.20. That's where my first buy in was (average price at $12.20), and I want to avoid a wash loss, even a small one. Sell JNJ before $127 and NKE before $89. I think there may be some short-term resistance at those levels I think I'm going to go ahead and sell DIS now. Bought in at $77. $107 seems like an unreasonable price under the circumstances.
Are we setting up for a Friday fallout? I cant really see all these gains staying over 2 days of unknown news. If it goes up tomorrow do we load up on inverse ETFs?
On the real estate side, I'll add what I can. We have offered an equity program for a while. Credit be damned, if you have enough equity, you can do it. Rates are brutal but it is what it is. It's the only way they have to access that money. We don't do a ton of them (3% of our business), but they are normally bigger loans. Guy has a $1.5m house, owes $400k, got a divorce and owes wife $400k, stuff like that. They have to access the money to solve their issue, their credit sucks, so they go sub prime. Most are capped at 65-70% LTV. Conventional and FHA go to 80%. These go lower to give the investor more protection. Anyways, that market completely went away last week. No investor will buy them. We completely suspended those programs. We normally make 3% on mortgage backed securities. Before they were suspended, we were making 86 cents on the dollar. Nobody wanted them. We were basically told that the investor will normally do them bc the house is $1m and they are only giving out $700k so they are protected. They don't feel the house will be worth $1m in the near future so it makes them uneasy about giving that money to someone with shitty credit. Kinda has me spooked bc I'm under contract on a new build. I actually have a call today with my builder to discuss plans if the market goes sideways and it doesn't appraise for the contract price.
Bought an SPXS $21 call for 4/17 at $2.00, hoping for a big red day tomorrow and I’ll sell that before the weekend
What's the strategy on going short on index etfs verses long on inverse index etfs? I am looking at some SPXS.
Me and my girlfriend both bank at PNC, she got this check ready loan before this shit started that was good for a month or so. She needs a car and is about ready to buy one. She got a fairly shitty rate like 5-5.5% and her credit score wasn't great but still in the low 700s. Do you think it is worth it for her to go back to bank and try again, are the rates lowering during this? Looking at a 20-25k newish car and putting about half down in cash FYI.
But so are a lot of bullish etfs. I'm just looking at a way to get leverage on a downside tomorrow without having to pay the option price volatility premium
I mean if you don't have margin enabled account you couldn't short the ETFs so you would only be able to go long. Otherwise I'm not sure there's a difference if you're not going the option route
SIAP: In addition to filing your taxes, they extended the window to contribute to a 2019 IRA to June 15th. I know there have been a few people asking about contributing to an IRA. Make sure you max out last year and this year.
The DOW just hit a bull market. Today's close is up 21.3% from Monday's close. S&P still a couple % away.