Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just Do It
I agree he's our best hope; before the election please.
How many old people are there in Florida?
good thing our administration has this thing locked down tight, that's a lot of voters; but, fair or not, the virus outcome will be a referendum on the administration.
What happens if the unthinkable happens and we get Biden?
Money coming back in may enter prefs first because of therm also getting so cheap here and who knows?
Obviously, these are High Beta equities
If one has been following along lo these many years, you'll recognize the pattern from previous market dislocations.
We can be down 2x the market easily in times such as these (if indeed we know what times these are, as this is an unprecedented global event in my experience (investing since 1965). We've had wars (trade and otherwise), oil price spikes, bungles in the jungle, high and low interest rates, walls that fell, regimes collapsed, HFT, internet, but nothing similar to a global epidemic.
Plus MBS stabbing us in the back at the most vulnerable moment was a nice touch
"was"?
What makes you think the "selloff" is over?
world unwinding and destabilizing is only beginning
I'm selling a family single detached in the city of Kirkland, WA. It's in a normally quiet neighborhood, and is located next to a retirement home. I haven't had any offers yet.
Actions speak louder than words
You left out that meanwhile they continue to steal our money...
Doubtful we get much action in the near term, the politicians appear occupied by other events lately.
The truth is usually somewhere in between, but it's food for thought. I know that there's a lot of companies whose names I don't know that weekly reach out to me with offers to loan me what in the aggregate would be a large sum of money. That can't be a good sign.
Hmmm...maybe I should take all their money and buy the GSE's!
Common or Prefs?
Tick Tock....
"" The coronavirus panic could threaten a $10 trillion mountain of corporate debt, unleashing a cycle of layoffs and business spending cuts that would hit the economy just as some analysts are warning of a recession.
Financial markets already are showing major signs of stress. Investors are demanding higher interest payments in return for lending to less creditworthy companies; some businesses are delaying their planned bond sales while they wait for Wall Street to settle down; and ratings agencies are moving toward downgrading some corporate borrowers.
The mammoth debt bulge includes a dramatic increase in borrowing by the lowest quality investment grade firms -- those rated just one level above "junk." More than $1 trillion in "leveraged loans," a type of risky bank lending to debt-laden companies, is a second potential flash point.
Watchdogs including the Federal Reserve have warned for years that excessive borrowing by corporations, including some with subpar credit ratings, might eventually blow a hole in the U.S. economy. Now, as Wall Street wrestles with a global epidemic, the debt alarms show how investors are reassessing risks they overlooked during the long economic expansion. ""
https://www.greenwichtime.com/business/article/Fears-of-corporate-debt-bomb-grow-as-coronavirus-15119381.php
The markets aren't buying leadership's unicorns and rainbows
they are running out of bullets, and viruses don't care how many names they are called by grown up schoolyard bullies
Bad Information
get some real facts, not lunatic fringe 'facts'
Long article, but worth a read
"" More and more people are beginning to realize that from an economic perspective, this virus might be much worse than previous ones. Analogies to the Spanish Flu or SARS for purposes of assessing the likely economic damage are missing a very important point: the world is more dependent on extremely efficient and functioning global dynamics than ever before. ""
https://www.politico.com/news/magazine/2020/03/09/coronavirus-stock-market-economy-impact-worried-trump-124331
even a blind squirrel finds a nut once in a while
I've been following since then as well without needing his help
https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6
Didn't Mark say he was gonna fix the roof before it started raining?
And where's Steve these days?
I'm certainly hoping that you turn out to be right
But this isn't the flu as we have known it.
There are a lot of unknowns about it
uncertainty
The epicenter of Washington state's coronavirus outbreak has a disturbing status update
https://theweek.com/speedreads/900862/washington-nursing-home-coronavirus-outbreak-reported-shocking-escalation-from-no-symptoms-death
“People have to take coronavirus seriously. It’s very serious,” said James Cai, New Jersey’s first coronavirus case. He spoke first to CBS2.
Cai works and lives in both Manhattan and Fort Lee. He went to an urgent care clinic and then the emergency room at Hackensack University Medical Center, where he’s been hospitalized since Tuesday.
The 32-year-old physician’s assistant, a non-smoker with no underlying health conditions, believes he contracted it while attending a medical conference in Times Square last weekend, saying the coronavirus spread quickly to both his lungs.
“The virus is everything. Dirarrhea, watery eyes, shortness of breath, chest pain, you name it. High fever,” he said. “Every day is getting worse.”
“It happened so quick,” he said.
https://newyork.cbslocal.com/2020/03/09/coronavirus-update-new-jersey-patiet-speaks-out/
Don't fret too much, you're likely to have plenty of opportunities
The Market thinks so, and so it's making even more of them
https://www.marketwatch.com/story/pimco-its-just-going-to-get-worse-for-economy-2020-03-08?siteid=yhoof2&yptr=yahoo
We'll know in 6-8 weeks
I'm paying attention to the actual experts, not the self appointed ones, so I am refraining from hunches or predictions:
We know it is passed by human to human contact.
We know it is possible for mild cases to not know they have it.
We know that it's much more deadly if it gets into the lungs.
We know it differentially effects the old and health compromised.
"Soylent Green" is a catchy name and I think it's available
For the viking trip, we'll sail outside the three mile limit before we light up
Viking style funerals are in
could be a franchise opportunity in places like Malibu and the Hamptons
Funeral Home REITS
now there's a growth opportunity
So what exactly are those "other signs" that are "pointing up"? Got any specific metrics to support your thesis?
In <20 days there will be >10X cases
might be an even a better time to buy
but then we could be dead by then
Looks like the Saudis stabbed their orb hugging apologist in the back
Timing is everything
Coronavirus is a referendum at the very least
Administration is not impressing anyone except the incredible shrinking base
You recall what they said after Stalingrad:
Times have changed
Awesome video
Nice job...I gotta get me a Green Screen!
Fanniegate Blues #7: Fannie and Freddie are Indentured Servants
Ah wants mah money!
Only the US Treasury knows when the Net Worth Sweep of GSE Shareholders profits will end, unless a court decides for them
GSE Investors Know...
...it's been a long fight and it's not over yet!
Uh, can your sources find out if she can get that in cash?
TIA
Thank You Very Much
my philosophy of life is "have a good time, all the time"
Mnuchin: I don't know whether to laugh or cry
There's so many things wrong with this guy, and yet he's made it all the way to US Treasury Secretary.
"Not much interest in 50 year bonds" lol
https://finance.yahoo.com/news/mnuchin-says-50-bonds-shelved-150155036.html
30% of US building materials are chinese made. Also, contracts for goods for Christmas Retail have already been placed by US retailers (Walmart alone employs 1% of all U workers); if China fails to deliver the goods then the US economy will notice
Potential GSE Investor Pandemic Deaths Update: 3,131 Deaths/92,312 Cases
They're dropping like flies, may account for the red day
https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6
Everybody fightin' 'bout the same thing:
GSE Yields Forever
Now you can play along at home
What's the Risk?
Coronavirus COVID-19 Global Cases by Johns Hopkins CSSE: Continuing Updates
https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6
The Goose and the golden Egg
There was once a Countryman who possessed the most wonderful Goose you can imagine, for every day when he visited the nest, the Goose had laid a beautiful, glittering, golden egg.
The Countryman took the eggs to market and soon began to get rich. But it was not long before he grew impatient with the Goose because she gave him only a single golden egg a day. He was not getting rich fast enough.
Then one day, after he had finished counting his money, the idea came to him that he could get all the golden eggs at once by killing the Goose and cutting it open. But when the deed was done, not a single golden egg did he find, and his precious Goose was dead.
Those who have plenty want more and so lose all they have.
Certainly you are aware Steve Mnuchin is Second Generation Goldman Sachs
So what are some "real facts"?
[crickets]
The swamp's so deep it's now a lake
haha
Seriously, you can't be serious
You haven't read my posts then, and then there's the well I can't mention them but go to my youtube and see for yourself. No passes for no politician who steal my money. Three years is stealing.
“Part of my goal is to make sure they get their books in order"
It's great to hear that the current director of the now 600 employee FHFA thinks that, after only three directors and twelve years of Conservatorship.