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-   Investment Talk (https://www.talkofthevillages.com/forums/investment-talk-158/)
-   -   Stocks tumble (https://www.talkofthevillages.com/forums/investment-talk-158/stocks-tumble-303136/)

ColdNoMore 03-03-2020 03:57 PM
Quote:
Originally Posted by Chi-Town (Post 1723843)
50 basis points is a huge cut. The 10 year Treasury is below 1 percent yield and the stock market is down sharply. Hard to believe that there still was a tweet demanding more easing.

Given history, not really THAT hard to believe. :D

tophcfa 03-03-2020 05:03 PM
Quote:
Originally Posted by Chi-Town (Post 1723843)
50 basis points is a huge cut. The 10 year Treasury is below 1 percent yield and the stock market is down sharply. Hard to believe that there still was a tweet demanding more easing.
Agree, 50 BPs is a huge rate cut relative to how low rates already are. This big a rate cut leaves very little room for more cuts if needed.

tophcfa 03-03-2020 05:23 PM
Quote:
Originally Posted by graciegirl (Post 1723817)
I just can't get over people being pleased when stocks tumble.
I am not pleased that stocks are taking a big hit even though I feared a major correction was in the cards and sold all my stocks earlier this year before the Corona virus scare. As others have stated, the market was very rich as measured by many different statistics and the virus scare was simply the trigger that began the sell off. I currently only own older high quality municipal bonds with tax free coupons between 4 1/2% and 7%, cash, and gold. That being said, my monthly defined benefit payments are backed by a mostly stock portfolio and the pension plans funding status and ability to remain solvent is highly correlated to the equity market. I hate seeing both my pensions plans funding status eroded as well as many people heavily invested in stocks suffering pain. If stocks rebound I will be very happy, and if they continue to sell off hard I will begin to gradually get back into the market at cheaper valuations.

If anyone does not feel that stocks were overvalued a couple weeks ago, read the book “The Aftershock Investor” by David and Robert Wiedemer and Cindy Spitzer.

MorTech 03-03-2020 05:53 PM
Quote:
Originally Posted by graciegirl (Post 1723817)
I just can't get over people being pleased when stocks tumble.
If you shorted on 21 Feb...You are.

10 year Treasury at 1.09%...Lovely.

The Repo market is the tell-tail. It's been bad for months. Where did the Fed get $120B?


Here is a Fed insider - Danielle DiMartino Booth...Price Discovery does not exist.

YouTube

ColdNoMore 03-03-2020 06:47 PM
Quote:
Originally Posted by MorTech (Post 1723870)
If you shorted on 21 Feb...You are.

10 year Treasury at 1.09%...Lovely.

The Repo market is the tell-tail. It's been bad for months. Where did the Fed get $120B?


Here is a Fed insider - Danielle DiMartino Booth...Price Discovery does not exist.

YouTube


A conference put on by Stansberry?

Really? :1rotfl:

Porter Stansberry was sued by the SEC and fined $1.5 million for security fraud...about a dozen years ago. :oops:

Maybe not as bad as fake universities...but darn close. :ohdear:

ColdNoMore 03-03-2020 06:55 PM
Quote:
Originally Posted by tophcfa (Post 1723863)
Agree, 50 BPs is a huge rate cut relative to how low rates already are. This big a rate cut leaves very little room for more cuts if needed.
Yep. :thumbup:

Some people should ask themselves why they would believe someone touting how great, deep and strong the economy is...would also say why ANY cut (much less such a large one) is needed. :oops:

And no, it's not really because of the coronoavirus, because certain people have been whining about needing it cut...for a long time now.

Makes no freaking sense. :ohdear:

ColdNoMore 03-03-2020 07:05 PM
I just saw a thought-provoking Tweet.


Quote:
Socialism is bad.

Now central banks...please bail us out.

MorTech 03-03-2020 07:26 PM
Quote:
Originally Posted by ColdNoMore (Post 1723880)


A conference put on by Stansberry?

Really? :1rotfl:

Porter Stansberry was sued by the SEC and fined $1.5 million for security fraud...about a dozen years ago. :oops:

Maybe not as bad as fake universities...but darn close. :ohdear:
Really :a040: What did she say that was incorrect? Can you be specific?

ColdNoMore 03-03-2020 07:45 PM
Quote:
Originally Posted by MorTech (Post 1723898)
Really :a040: What did she say that was incorrect? Can you be specific?

To be perfectly honest, after I saw "Stansberry" at the :15 mark...I quit watching. :oops:

But hey, unlike some (who side with you) here who claim to never even look...at least I clicked on the link. :D

MorTech 03-03-2020 11:03 PM
Quote:
Originally Posted by ColdNoMore (Post 1723899)

To be perfectly honest, after I saw "Stansberry" at the :15 mark...I quit watching. :oops:

But hey, unlike some (who side with you) here who claim to never even look...at least I clicked on the link. :D
Alrighty then...I will try to find a conference with a name that won't trigger people...How about this?

New Orleans Investment Conference 2019 — Danielle DiMartino Booth — Still Fed Up - YouTube

MorTech 03-03-2020 11:46 PM
Thinking people should consider placing Danielle DiMartino Booth in their investor toolkit. As a former Fed insider, she has intelligent insight to what is really going on. Here she is on Hedgeye explaining the decline that started last September...huge corporate Insider selloff and Repo market seizure:

Real Conversations: Global 'Black Hole' Risk Rising with Danielle DiMartino Booth - YouTube

Real Conversations: Trouble Ahead For The Fed & Economy with Danielle DiMartino Booth - YouTube

manaboutown 03-03-2020 11:57 PM
Quote:
Originally Posted by Chi-Town (Post 1723822)
Who's pleased? And why would they be? Just curious.
Shorts and likely some quant hedge fund managers and investors who benefit from market movement either way such as Renaissance and Medallion funds. Famed Medallion Fund “Stretches . . . Explanation to the Limit,” Professor Claims | Institutional Investor

Why? They are making a lot of money from the drop. Oops. Bloomberg - Are you a robot?

ColdNoMore 03-04-2020 12:53 AM
Quote:
Originally Posted by MorTech (Post 1723921)
Alrighty then...I will try to find a conference with a name that won't trigger people...How about this?

New Orleans Investment Conference 2019 — Danielle DiMartino Booth — Still Fed Up - YouTube
As I typically do, I have been researching her and her book (instead of listening to her speeches)...plus what her critics say.

More power to you if you like her opinion/viewpoint, I tend to side with those who say she's mainly angry from her stint with the predominately male and more educated members of the Dallas FED...and she has an axe to grind.

You're still entitled to your opinion, just don't try to pass her off as some indisputable financial demigod...because she isn't.

No one is. :ho:

When you're bored, read how the FED was established by the titans of the day...on Jekyll Island.

'The Creature From Jekyll Island' is one of the driest books I've ever read and took me forever to finish it, because I kept putting it down for days, but it does impart a lot of history...and is very educational.

dewilson58 03-04-2020 06:25 AM
A new sunrise, maybe a new market rise.




:popcorn:

jebartle 03-04-2020 09:50 AM
And the sun will shine tomorrow.:popcorn.


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