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OXY $61.41 Buffet<>Berkshire Hathaway bought another 5,985,190 shares at $57.52 to $61.595 for a total of about $352.5 million
TM Toyota global production up 44.3% in August
Stocks bear market will continue into the first quarter, portfolio manager says
Battered investors hoping for a reprieve from the teeth of the bear market may have to wait until early 2023.
That's the blunt assessment from Pimco portfolio manager Erin Browne.
Cont......
https://finance.yahoo.com/news/stocks-bear-market-2023-strategist-103446677.html
Sounds good for you....
I may be soaking my hands again soon....
Arthur shots soreness
GLOB $197.27 Globant acquires Italian tech consultancy Sysdata
Morning MG, I'm on the 2nd floor with an elevator, a jump would be KerPlunk!
Morning, what a shocker huh? Nope, the pattern continues
It's a shoulda-coulda- woulda for me! I posted the news around 7:00, and should have
pounced. My morning appointment held me back, too conservative.
Think long, think wrong (sometimes)
Ok, I'm good until around $100-110, then I would be buying not selling.
Bought mine after the split when the ramp-up pulled back.
$75-80's, several adds, all under $100
I have it in an account for my grandchildren.
<-I always gain something from what he has to say, and respect his opinions!
El-Erian: The Cost of The Fed's Challenged Credibility
via Project Syndicate
SNIP
"Now that the Fed finds itself in such an uncomfortable situation – one mostly of its own making – it may be inclined to eschew further rate hikes, particularly given the growing criticism that it is tipping the economy into recession, destroying wealth, and fueling instability. Yet such a course of action would risk repeating the monetary-policy mistake of the 1970s, saddling America and the world with an even longer period of stagflationary trends.
Instead, the Fed should be doing much more to contain the adverse spillovers of its policy mistake, including through innovative thinking about its monetary-policy framework and more proactive collaboration with other policymaking entities (domestic and abroad).
Sadly, it is too late to avoid all the detrimental economic and social consequences of the damage the Fed has caused to its own credibility. The central bank was notably late with its response to inflation. But it is not too late to contain the harm. Doing so is crucial."
https://www.zerohedge.com/markets/el-erian-cost-feds-challenged-credibility
The Big Short Squeeze Is Coming
September 27
Lance Roberts
The latest rate hike announcement by the Fed sent stocks tumbling to the year’s lows. While last week’s market action was brutal, the good news is the markets are set up for a rather significant short squeeze higher.
It is quite likely the Fed has already tightened more than the economy can withstand. However, given the lag time of policy changes to show up in the data, we won’t know for sure for several more months. However, with the Fed removing liquidity from the markets at a most aggressive pace, the risk of a policy mistake is higher than most appreciate. I added some annotations to a recent graphic
CHART https://realinvestmentadvice.com/wp-content/uploads/2022/09/Asset-1.png
MUCH MORE to read and CHARTS
https://realinvestmentadvice.com/the-big-short-squeeze-is-coming/
Less than 10% of Nasdaq stocks are above their 200 day moving average
Washout - The Irrelevant Investor
September 27
The six tech giants have lost a combined $4 trillion in market cap
since their respective peaks.
Using extremes in a bear market as a contrarian buy indicator is unreliable in the short term. What looks like a washout might look placid compared to the potential typhoon behind it. But if you can hang on to the wave, to beat this analogy to death, you will likely be rewarded in due time. Going back to 1996, when less than 10% of Nasdaq stocks are above their 200-day moving average, there was never a negative return one year later. The average return one year later was 35%!
CHARTS
cont https://theirrelevantinvestor.com/wp-content/uploads/2022/09/peak-.png
SPAC Liquidations Are on the Rise as Time Runs Out to Find Deals
Michelle Celarier
September 27, 2022
The troubled SPAC market isn’t getting any better. So far this year, 21 Special Purpose Acquisition Companies worth $9.9 billion have been liquidated, according to SPAC Research’s weekly monitor. More than half of these liquidations — eleven — have occurred since August.
But these statistics actually understate the problem. For example, they don’t capture announced liquidations, like those of Chamath Palihapitiya. Last week Palihapitiya, whom Bloomberg once crowned the “King of SPACs,” disclosed in a regulatory filing that he would liquidate two that had failed to find a merger partner and would return $1.6 billion to investors next month. The two-year time period for the two SPACS to find a partner ends in early October.
In August, even though a SPAC Palihapitiya sponsored with hedge fund Suvretta Capital managed to complete a deal with Akili Interactive, 99 percent of the original investors redeemed when the deal closed. The stock now trades below $2.50 per share, down from a high of $14 right before the deal.
cont
https://www.institutionalinvestor.com/article/b1zzdfjw1p8nvf/SPAC-Liquidations-Are-on-the-Rise-as-Time-Runs-Out-to-Find-Deals
Investment banks are sharpening the axe
Who is first on the chopping block?
https://www.economist.com/finance-and-economics/2022/09/28/investment-banks-are-sharpening-the-axe
The Thrill of the Trade - Why we speculate, and how to do it safely
https://www.morningstar.com/articles/1115132/the-thrill-of-the-trade
BOE<- Bank Emergency move driven by pension fears
The Bank of England stepped in to calm markets after some types of pension
funds were at risk of collapse.
It said it would buy as many government bonds as necessary after Friday's mini-budget sparked turmoil on financial markets and the pound plunged.
Investors had demanded a much higher return for investing in government bonds, causing some to halve in value.
Pension funds, which invest in bonds, were forced to start selling sparking fears of a fresh market downturn.
The Bank said its decision to buy government bonds at an "urgent pace" was driven by concern over "a material risk to UK financial stability."
The government borrows money to fund its spending plans by selling bonds, or "gilts", to investors such as pension funds and big banks on international markets.
https://www.bbc.com/news/business-63065415?at_medium=RSS&at_campaign=KARANGA
It will come back, sooner or later, I'm very long, but been expecting
even lower. Maybe June 130's, who knows?
Liquidity Dash Triggers Biggest Spike in ETF trading since 2018
https://www.bloomberg.com/news/articles/2022-09-28/liquidity-dash-triggers-biggest-spike-in-etf-trading-since-2018?srnd=markets-vp&leadSource=uverify%20wall
Nice green market though, AAPL still red....
Must dash, make ready for an appointment! Good Luck to all~POOF~
Nice catch, should be a win-win!
BIIB up over 40%, knew I should have jumped...geez
Stocks making the biggest moves premarket: Biogen, Thor Industries,
LYFT and more
https://www.cnbc.com/2022/09/28/stocks-making-the-biggest-moves-premarket-biogen-thor-industries-lyft-and-more.html
Paychex revenue up 12%, raised guidance, plenty of room above for move
https://finviz.com/quote.ashx?t=PAYX
Smart man! How you doing there?
U.S. trade deficit in goods shrinks 3.2% to $87.3 billion in August
Chop-Chop again......ugh
J&J to name its consumer health company 'Kenvue' after spin off
J&J uveiled Wednesday the name for its New Consumer Health Company that is being spun off: Kenvue. The name, pronounced ken-view, comes from the English word "ken," which is primarily used on Scotland and means knowledge, and "vue," which references sight. Kenvue, which will become a standalone company in 2023, will include in its portfolio brands such as Band-Aid, Aveeno, Listerine, Tylenol and Neutrogena. The business generated $14.6 billion in revenue in 2021, or 15.6% of total revenue. J&J's stock, which gained 0.1% in premarket trading, has slipped 3.6% year to date through Tuesday, while the SPDR Health Care Select Sector ETF XLV, -0.30% has declined 14.0% and the Dow Jones Industrial Average DJIA, -0.43% has lost 19.8%.
Morning cap, they are sure trying hard for the DOW not to loose
that 29,000
Gets close, they hit hard-gone green again for a little while!
All RED, green didn't last long
FCG-$21.60 First Trust Natural Gas ETF,
has dividend
Bought into this one, like the holdings
Winter is coming and gas has big problems with Russia/Ukraine, etc..
Top 10 Holdings
Name Symbol % Assets
DCP Midstream LP DCP 4.83%
Occidental Petroleum Corp OXY 4.78%
ConocoPhillips COP 4.33%
Devon Energy Corp DVN 4.28%
Diamondback Energy Inc FANG 4.27%
Western Midstream Partners LP WES 4.25%
Pioneer Natural Resources Co PXD 4.23%
EOG Resources Inc EOG 4.12%
Marathon Oil Corp MRO 3.96%
Hess Corp HES 3.93%
Chart
https://finviz.com/quote.ashx?t=FCG&ty=c&ta=1&p=d
Shell buys Nigerian solar provider in first African power deal
LOTS of extremely low price stocks getting news, not posting, Buyer Beware
PHAR $10.30 - rare immunodeficiency drug gets FDA priority review
https://finviz.com/quote.ashx?t=PHAR&ty=c&ta=1&p=d
Yes, frost kills, and forecast is for colder
OCGN $1.82 gains on licensing deal for intranasal Covid 19 vaccine
https://finviz.com/quote.ashx?t=OCGN
Mortgage rates double vs. year ago, refinancing hit a 22 year low
Data gathered by the Mortgage Bankers Association's Weekly Mortgage Applications Survey showed mortgage loan applications decreased 3.7% on a seasonally adjusted basis for the week ending Sept. 23 compared to the previous week. On an unadjusted basis, the Market Composite Index decreased 4% compared with the previous week.
The Refinance Index decreased 11% from the previous week and was 84% lower than the same week one year ago.full
https://www.foxbusiness.com/economy/mortgage-rates-double-vs-year-ago-refinancings-hit-22-year-low-survey
Good for you! This valley crud is bad enough, but add in pollens and many suffer
Spring is intolerable for me, trees blooming force me indoors.
Fall is not quite as bad, shots don't really help much.
Anyone got AAPL puts? Dragging chipmakers and growth stocks with it