Discussion ***Official*** 2023 Stock Market Thread 💰

[FelixDeCat]

nvm

 

[Lost_in_the_HTTP]

The SiliCon thing wasn't a banking problem. It was a silly con problem, bad management and lack of effective oversight.

Fed faults Silicon Valley Bank execs, itself in bank failure​

ABC|23 hours ago
Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve says in a highly-anticipated review of how the central bank failed to properly supervise the ...

 

[bookem dano]

Back in the good old days of 2010, due to the discussions on this board, I bought a small amount of RMBS before a big trial. I don't remember the guys' name, but he was hugely into RMBS and was subsequently crushed when the trial went the wrong way. My position was small, but it lost a lot of value. Being in my Roth account, it wasn't really worth selling at that time. I kind of forgot about it even being in there. I look at it today, and I'm up 72%. It's still a small position though, but it's nice it's actually up!

 

[FelixDeCat]

Back in the good old days of 2010, due to the discussions on this board, I bought a small amount of RMBS before a big trial. I don't remember the guys' name, but he was hugely into RMBS and was subsequently crushed when the trial went the wrong way. My position was small, but it lost a lot of value. Being in my Roth account, it wasn't really worth selling at that time. I kind of forgot about it even being in there. I look at it today, and I'm up 72%. It's still a small position though, but it's nice it's actually up!

That was this guy:

http://www.portvapes.co.uk/?id=Latest-exam-1Z0-876-Dumps&exid=members/azurik.80265/

 

[KB]

Back in the good old days of 2010, due to the discussions on this board, I bought a small amount of RMBS before a big trial. I don't remember the guys' name, but he was hugely into RMBS and was subsequently crushed when the trial went the wrong way. My position was small, but it lost a lot of value. Being in my Roth account, it wasn't really worth selling at that time. I kind of forgot about it even being in there. I look at it today, and I'm up 72%. It's still a small position though, but it's nice it's actually up!

I think he was also pushing DND Dendreon stock which went bankrupt a long time ago.

The S&P is up 300% since 2010 so you not only lost a good chunk of the initial investment, you missed out on superior returns. I have my own play money to make side gambles, but everytime I look at it, I still think indexing is the best investment.

Do you remember Virnet X? https://finance.yahoo.com/quote/VHC/
I remember that was a popular stock talked about here during their patent battle with Apple. After some pops here and there its at 0.41.

 

[AdamK47]

JP Morgan helps save the US economy yet again. What a swell guy.

 

[KB]

JP Morgan helps save the US economy yet again. What a swell guy.

Good bank to own. Its too big to fail if any bank is. I imagine if JPM ever goes bankrupt, the entire US economy will be in ruins, which means the FED would give them anything they wanted.

 

[biostud]

JP Morgan helps save the US economy yet again. What a swell guy.

Oh yes indeed

 

[FelixDeCat]

And today the regional banks hit the skids.

 

[jpiniero]

Single hike is the clear favorite for tomorrow but the odds of any further hikes have been wiped out.

 

[AdamK47]

Tuesday Morning is going out of business. Guess I'll have to start my Tuesdays in the afternoon.

 

[jpiniero]

Single hike is your winner. No suggestion of a pivot.

Does seem to not have done much to move the market although it's early yet.

Edit: Sure enough, Powell says no cuts soon and the market tanks.

 

[drnickriviera]

Funny and sad
Breaking: Jerome Powell clarifies his comments made during FOMC.

 

[FelixDeCat]

One stock lost 90% of its value in one day. I wont name it, but it was a shocker. And yes, I owned it.

 

[FelixDeCat]

Tuesday Morning is going out of business. Guess I'll have to start my Tuesdays in the afternoon.

Goodbye, Ruby Tuesday.

 

[FelixDeCat]

Funny and sad
Breaking: Jerome Powell clarifies his comments made during FOMC.

I keep telling you AI is dangerous. Oh well.

 

[FelixDeCat]

Hilarious!

 

[KB]

View attachment 80353


Hilarious!

Cramer is such a bondoggle, but with all his bad predictions why is the short jim etf not winning?

SJIM | Inverse Cramer Tracker ETF Overview | MarketWatch

SJIM | A complete Inverse Cramer Tracker ETF exchange traded fund overview by MarketWatch. View the latest ETF prices and news for better ETF investing.

www.marketwatch.com

 

[jpiniero]

4 week treasury is at 5.8%

🤔🤔🤔🤔🤔🤔🤔

 

[KB]

4 week treasury is at 5.8%

🤔🤔🤔🤔🤔🤔🤔

A 5.8% risk free rate of return sounds too good to be true. It cant last. My guess is that people are so wondered about debt defaults and so worried about recession that they don't want short term treasuries. I imagine after we don't default it will get some buyers. I might put some in SGOV and collect some divies and see what happens.

 

[jpiniero]

A 5.8% risk free rate of return sounds too good to be true. It cant last. My guess is that people are so wondered about debt defaults and so worried about recession that they don't want short term treasuries. I imagine after we don't default it will get some buyers. I might put some in SGOV and collect some divies and see what happens.

Oh it's definitely the debt limit. It matures June 4th. The 4 week that matures on May 30th is only 3.8%.

They'll get their money back eventually but who knows when they would get paid. It's kind of like why do it when you just get a longer term. The 8 week which matures July 5th is 5.4%.

 

[Brainonska511]

4 week treasury is at 5.8%

🤔🤔🤔🤔🤔🤔🤔

People are probably asking for a premium because it pays out around the date that "extraordinary measures" run out.

Also, the T-bills have been trending higher as of late anyway, with the 13, 17, and 26 week all hitting around 5% for the last few auctions (when the X date was not known), just with rising interest rates.

 

[FelixDeCat]

Im pretty sure we are going to default.

 

[AdamK47]

Im pretty sure we are going to default.

I'm sure we won't.

It will be very last second after each side has exhausted the allotted time for pandering.

 

[KB]

Im pretty sure we are going to default.

Republicans do this all the time. They act like they are fiscally conservative and tough on spending, their base laps it up, then they come to their senses and pay their bills. A true US default is easily avoidable and would be like dropping a nuclear bomb on the economy. This June 1, maybe the government shuts down for a week or two, but government employees always get back pay, social security recipients (voters) gets checks and the military gets their money.