From CNBC:
30-year fixed mortgage crosses 5%
The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, save two days in 2018. It stood at 3.38% one year ago today.
Mortgage rates, which follow loosely the yield on the U.S. 10-year Treasury, have been climbing since the start of the year, partially due to the Federal Reserve’s policies to curb inflation as well as the global economic turmoil resulting from the Russian invasion of Ukraine.
Bonds were already having a rough morning, but then comments from Federal Reserve Vice Chair Lael Brainard that the pace of the Fed’s balance sheet reductions would be significantly bigger than last time and that the maximum pace of reductions would be achieved significantly sooner hit bonds hard.
“To hear her speak about bond-buying adjustments in such blunt, urgent terms is unsettling for the market with just over 24 hours to go before we see the minutes from the most recent Fed meeting,” said Matthew Graham, chief operating officer at Mortgage News Daily. “At this point, traders are taking Brainard’s comments to foreshadow an extremely unfriendly conversation about bond buying to be revealed in the minutes.”
First
Ten touched 266
Nasdaq looking ugly at the open.
Spring selling season a bust already? From CNBC
“Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was down 41% from the same week one year ago.”
I know a lot of cash heavy folks that are still looking right now, they’ll be taking advantage of this short term decline on the demand side. I think this population is sizable enough to sustain through the Spring/Summer season.
Juice: Price changes already in my town, and with limited inventory
Remember, home prices only need to stall to create a panic, they don’t need to decline. Lack of material appreciation completely eviscerates any sense of urgency, and significantly reduces price pressure, usually this is more than enough to cause price declines..
Remember, home prices only need to stall to create a panic, they don’t need to decline.
So, when I see paint peeling and cracking around the outside foundation and rusty rakes, barrels and shovels sitting against the back of the house on top of decaying, organic muck, I’m not obligated to offer the ridiculous asking price for chubby Mary’s house?
Fast: You should tell Mary the party is over.
“I think this population is sizable enough to sustain through the Spring/Summer season.”
Surprising statement..I see lots of real estate folks stating this mantra but what % of total buyer population are all cash? I would say less than 2% but pulling that out of nowhere.
Not necessarily all cash, but enough cash that the increase in rates will not cause them to sit out. Realistically, a few k off the house price would likely rebalance the equation for them.
Not really so surprising.
The bigger surprise this cycle will be what support, and what foundational cracks, exists under house prices.
Housing finance clearly far more stable than last cycle. Borrowers in a far more stable position, far less lending risk (that I can see anyway).
However, you have this new geographic distribution factor that didn’t exist previously, if I were to wager a bet, this is going to be the wildcard. Geographic/regional based price declines. Places that saw outsized pricing runups through covid, with little rational other than employee relocation.
Friskies. Bah.. bah.. booey!
LOL!
https://tinyurl.com/yjx86e2k
Former Fed member Bill Dudley out with Bloomberg article saying the Fed will have to “inflict more losses on stock and bond investors” to contain inflation. Never fight the Fed.
I think my timing on my multi sale is going to be impeccable. And to think I locked in a 10-year combining what was left of my two 15-year mortgages at 1.90% back in October. Best you will find on the 10-year today is 3.949%.
I think sales will stay hot for another month or two, if not through June or July (not because I am personally biased), due to the fact offers are still coming in way, way, way above asking and the number of offers are still crazy high (at least in our parts). Another 2% jump in the mortgage rates and you all will wish you would have sold. 4% jump in mortgage rates is going to cost non-cash buyers an extra 1 to 2 thousand in monthly interest on a 400K to 800K loan. Do you all got an extra 24K lying around to throw away? And remember. You can’t deduct it unless you itemize.
Nobody knows the trouble I’ve seen.
Hah, that is a good one Ed. Obama is a celebrity, loved by all. Let’s agree on no more 78 year old president elects..ok?
I don’t see how these high rates will last long. Fed going to come in hard, will create a short term window to buy cheaper housing if you have cash, and before you know it…the fed will begin stimulating by next year already with lower rates again. Inevitable.
In the end, deflation is the problem. Bond market says so.
Obama is a celebrity, loved by all.
He’s not. He’s an opportunist and a sheep in wolf’s clothing. At least with slow Joe, we know who he is and means exactly what he says. Oblamy is a bullsh1t artist, a genuine sneak dispensed with a fabricated legacy. You know those guys; “Hey pal! So good to see you! We need to get together!!” Meanwhile, they’d walk over your smoldering corpse to avoid involvement and confrontation. He’s a salesmen, a snake oil peddler and a street hustler. Forget his policies; he had none. What he had was a line of shit that needy muppets wanted so desperately to believe.
If the bond market is so smart, why didn’t it predict the inflation of 2021 and 2022?
The bond market has been manipulated by government run central banks for decades.
I have to ask where money is coming from Grim. I get stock run-up, proceeds from existing sales and stimulus but how long does that last? We had a crazy 2 years based on those things but market is flat, inflation is super hot and wages not keeping up. I go to store lately and anything on sale – eggs, cheese, milk is gone while full price item next to it is fully stocked. Something has to give here. People in strong cash position would have moved already. I think sucker market has been in play for a year and Fed’s procrastination simply delayed crash. I also think allowing the Zillows and Blackrocks to buy up blocks of residential via bailout money has also created bad situation.
You guys really think the FED is going to allow the markets to crash as they would if they were based on fundamentals? Hasn’t JJ taught us anything?
We will just keep on printing. Rich gotta stay that way.
Inflation fukcs the poor and especially the middle class.
I suspect that Peter Schiff was right when he stated that the student loan moratorium is likely to end up as a permanent cancellation of student-loans. It is very hard to get people to pay student loans after two years of not paying. Will prob be used as a political tool for years.
Keep extending the moratorium by six months in perpetuity so you can say you never forgave. Then after a decade with inflation eating away at it, it will be worth nothing. Such a sucker for paying for my college tuition.
Lib: I don’t see how they can keep on printing, it will just collapse at some point. Rich will be fine either way, the fake rich on the other hand is a different story. The middle class will get crushed, always the way. It’s never different this time.
Race to the bottom. Who collapses first? We still have our mighty military. What does the rest of the world have? And we have nukes too.
We have five senses. What else do you note besides what you see?
Fast Eddie says:
April 6, 2022 at 9:51 am
Remember, home prices only need to stall to create a panic, they don’t need to decline.
So, when I see paint peeling and cracking around the outside foundation and rusty rakes, barrels and shovels sitting against the back of the house on top of decaying, organic muck, I’m not obligated to offer the ridiculous asking price for chubby Mary’s house?
They just want to delay past November is all…….
The Great Pumpkin says:
April 6, 2022 at 11:52 am
I suspect that Peter Schiff was right when he stated that the student loan moratorium is likely to end up as a permanent cancellation of student-loans. It is very hard to get people to pay student loans after two years of not paying. Will prob be used as a political tool for years.
Keep extending the moratorium by six months in perpetuity so you can say you never forgave. Then after a decade with inflation eating away at it, it will be worth nothing. Such a sucker for paying for my college tuition.
And isn’t the student loan debt government debt. Isn’t it all backed by Sallie Mae? The extension of the student loan moratorium is further proof that the government can’t let this market function on it’s own two feet. This market is sick, sick, sick. But not nearly as infected as the rich clowns who supposedly control it and police it.
Take 12 minutes out of your busy day to watch these.
https://youtu.be/0C0Sj6Us19I
https://youtu.be/3r76KkcJaTE
And you think the FED is going to protect YOU and ME?
It’s completely laughable.
It is different this time (shut up peanut gallery). I really do believe they are finally going to let ‘er rip. If they don’t, society will literally disintegrate. Start looking around the world on the impact of food inflation. Look at Peru. We are talking about bourgeoise shit on these threads. We in store for another Arab spring, Africa on fire. Possibly the only upside is that Xi could get weakened.
Libturd says:
April 6, 2022 at 11:37 am
You guys really think the FED is going to allow the markets to crash as they would if they were based on fundamentals? Hasn’t JJ taught us anything?
We will just keep on printing. Rich gotta stay that way.
In other news. The Nasdaq is about to cross the 50 day DMA again. Only this time, it’s to the downside.
I don’t know. CHI, I’m with you in wishing it is different this time. But certainly not with TRUMP or BIDEN running the show.
Lib: It’s different this time as Chgo says? Perhaps, but I am skeptical. I have heard that as have you many times over the years.
As an example the madness in housing the last few years was different this time as it was supply and demand , and therefore not a bubble, different this time.
Dallas Fed says housing market is in a bubble or getting bubbly.
HD at 52 week low……. says something…..
We have five senses. What else do you note besides what you see?
You mean the delicious aroma of hydrogen sulfide and Pall Malls wafting through the air as you enter the yellowed, uneven, wall-papered anteroom?
Here is another angle to look at it by. The SCOTUS used to hold their role sacrosanct. Though appointments always made the ship sway a little this way and a little that way. Even when the political winds blew mainly in one direction, they would essentially take turns in making sure to put the beliefs of their own appointees a little behind what they collectively knew was best for the country. The same could be said for the House of Reps and the Senate. When push came to shove, saner minds prevailed. This is no longer the case. Not with the SCOTUS, not with the legislative branch not with the President. On the precipice of a recession which the world has not witnessed in their current lifetimes, Biden tries to push through a huge spending bill, rife with earmarks and thank yous to major contributors. On the flip side, in the self-proclaimed Greatest Economy Ever, Trump lowered corporate taxes, significantly increasing the deficit (when one would traditionally be reducing it (see Clinton and the Tech Bubble)). Corruption, through the use of PACs and lobbyist dollars, have corrupted our form of government to the point where such ludicrous and completely incomprehensible financial products (Cyber currencies, NFTs, SPACs) which clearly due to their lack of transparency and the damage they have done to the credibility of the U.S. financial markets are not only legal, but encouraged. Heck, extend this to Russia. The world does not even have the balls to protect the Ukraine. This is worse than during 1930s Germany. We KNOW the truth here.
You are correct ChiFi in thinking that his time it is clearly different. But to me, NOT in a good way. To me, the question isn’t whether or not the right (or just) actions will be taken. The REAL question is if it is even possible to do the right thing. The rich run the show, but they didn’t get that way from freedom inspired ingenuity. They got there by buying the government (just look at Phil Murphy). I don’t think they are smart enough to do the thing that would benefit them the most. The Buffets and Mungers, perhaps could. But no one listens to those old curmudgeons any more. It’s the Musks and the Bezos who run the show now. And they care as much for you and me as much as Putin does about the Ukranians. There is no will any longer. Just the insatiable need to grow wealth.
Lib: Are you saying this coming recession will be worse than the 2008 financial crisis?
The fed needs to at least pretend to fight inflation. The market will crash, either rapidly or slowly. And they’ll try to pump again, because they have a hammer, and every problem is a nail.
If the FED doesn’t do what it needs to do, yes. We haven’t recovered from the Tech Bubble bursting 23 years ago. The FED just forced people into other assets. From tech, into real estate, back into tech and who knows what’s next? Chi knows that reversion to mean always occurs. How did we all (everyone who had anything in the stock market) just get filthy rich? I gotta tell you, I’m retiring in two to four years for sure. Do you really think the FED is going to pop the WEALTH BUBBLE? Nah! They won’t even try. Just look at the first interest rate increase. It’s too late now. It’s going to pop all on it’s own. Runaway inflation will do that. Spending is going to halt like it’s 1980. Just look at the uproar over fuel prices. And think you will also find that lots of people aren’t as wealthy as you thought they were. When housing pops, all that wealth goes bye bye. You also can’t refinance your debt, which also was a great wealth maker. I know it was for me. The headwinds are mightier than ever. And what is hiding below the surface?
Do you know ANYONE who is saving? I’m driving two cars with 120K miles on them with mad loot in the bank. Not because I’m cheap. I’m dying to buy a high-trimmed Telluride. But I’m not willing to pay 10K extra for it. Though everyone else does not seem to have a problem with it. I’ll take that 10K and use it to maintain my old Mazda collection. But nearly everyone else? They are paying the high price. This won’t last terribly long. By the way, the wage inflation number came in yesterday at point 4. Do the math. Inflation is running 8 to 10% and wage inflation somewhere between 3 and 5 percent. So now, not just the value of your money is declining, but your wages are too. And you think the FED is going to pop the WEALTH BUBBLE? What are you smoking? On the bright side, it’s going to pop anyway. And I really doubt it’s a soft landing. But what you see in the markets the last two days ain’t it. I still think there are a few more months. I’m not sensing the euphoria that precedes crashes. I think we are still in the “euphoria stage.” Declines have all been in tech. When the DOW and S&P dive, you’ll know we are at the top.
https://tinyurl.com/powelslam
Bystander says:
April 6, 2022 at 10:42 am
“Hah, that is a good one Ed. Obama is a celebrity, loved by all…”
To the extent he’s cognizant, I’m sure Biden is seething at having been upstaged by Oblama. But even though he might not be able to even the score with the empty suit, he should take the opportunity to get rid of the useless hag Carmella by sending that second clip to Michelle. When she sees the obvious crush Carmella has on her man, Michelle will rip her to shreds.
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=djia&time=20&startdate=1%2F4%2F1999&enddate=4%2F6%2F2022&freq=2&compidx=NASDAQ&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=52&y=13&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12
Lib: Good/Interesting analysis as always. I would add you can’t refinance the cost of your house either.
There has also been talk over the last few years over the wealth transfer from boomers to GenX/Millennials. The numbers assuming they are accurate don’t look that impressive to me.
Lib – re: “The world does not even have the balls to protect the Ukraine.”
The EU without England has a population of 447 million and with England over 500 million. Then add in the non-EU nations as well and you have 600 million. They combined dwarf Russia and the USA. The EU and non EU European nations military combined is also much larger than the US.
Look I am not saying we should not help but the reality is this is Europe’s backyard AGAIN, and well their young men need to go first. It was Germany and France that have been saying NO to their membership in the EU and NATO all along, go back 15 years ago now and look what was said by their leaders. Ukraine’s NATO membership would probably have come later after joining the EU but heck that process has a decades of reforms required.
Did we play apart in Euromaidan in 2013-2014 when Obama was Pres? You BETCHA.
It’s all “CIA” and classified of course, but we have actually been at it in Ukraine since 1949 funding and sending a few generations of Ukrainian resistance to their deaths as they had no hope of success against the Orks without wider European and US military involvement.
And even with the latest news of the recent pullback don’t expect Mordor to give up, the Russians have to psychologically have a win or well Putin and his cronies are kaput…He could go Nuclear, I won’t say full on Armageddon but a small one on Kyiv would mean it’s over for the Ukrainians. I hope it does not come anywhere near that, however the Genie cannot be put back in the bottle and the Melomaniac wants to be in charge for at least another 14 years.
So at what age should we teach the facts of life in schools, in TN, the earlier the better.
https://twitter.com/Roshan_Rinaldi/status/1511601841766813698
Do the math on this guy.
https://twitter.com/ryanlcooper/status/1511426727725121537
As for Florida and their new law, some teachers have got creative. Their classes are going Gender neutral. No boys, no girls, just children, kid etc. No him her, just you they them etc. No mother or father, just caregiver. Take it all out and no-one can complain.
re: 12:44 PM Chi you now singing my dangerous tune as well? We shall see.
I actually like Grim’s plan for North , Central and South America. We make it the United States of American(s) or America(s) unified as one against the rest of the world. First class all the way infrasture, energy, food, health and leisure. The whole first class gamut, let’s make London, Paris or Dubai look like the mirage that they are. Heck invite Japan and South Korea too.
Interesting articles on 401Ks and proposed changes.
https://www.cnn.com/2022/04/06/investing/retirement-savings-401k-investing-roth-ira/index.html
Employers could treat student loan repayments as elective retirement account deferrals, and provide a matching contribution to their 401(k). So if you pay off $1,000 in student loan debt, it would be the same as putting $1,000 into a retirement plan, as far as matching goes. If a company matches by 6%, that’s an extra $60 in savings.
Lib- PPT has done a trial run already and used Covid as an opportunity to buy some bond ETFs about 1% of all of them for a test.
History teaches us, even if our resident history teacher is asleep in the lessons of what is taught in grade school for sure. Japan has taught us the game can be played for decades or perhaps longer. BOJ although signaling a pull back earlier has committed to buying 12 trillion yen a year of Japanese stock ETFs ($100 Billion or so). They have been at it for a long time too. Telling everyone for decades now that they would stop the infusing the long buried cadaver that is now dust….
And before you google or question this please think about when is the last time you purchased a Japanese stock.
elementary teachers in K-5 should focus on teaching reading/writing/math…and a little bit of history. That’s about it.
Juice: True with Japan, but they are a very different country then the US, and they are paying a price.
BRT: Agree. Sex Ed of any kind should not be taught at that age. Age appropriate for the subject makes sense. I don’t understand why people would have an issue with that.
Fed Minutes indicate they have settled on shrinking the balance sheet by 95 billion per month after a 3 month phase in , and could start in May.
Officials also support 50 bp hikes at coming meetings if inflation stays high or worsens.
I disagree BRT, studies show kids in 5th grade are having sex, so earlier the education the better. I won’t talk about me myself and I but I know for a fact they do for you see I was a kid once too and by 6th grade there is allot more going on.
Heck a century ago marriage at 12 was legal nearly everywhere.
Not a knock on anyone but the same studies show the average age of an Asian kid is 17.. you nerds!
Eddie, it’s even worse than the twitter link you post. Look at this extended clip below.
Biden keeps tugging on Obama’s shoulder like some five year kid pulling his parent’s pants to get attention…Obama flat out ignores him. he then shouts out, ignore more. Although this clip doesn’t show, it continued on for a second round, same results.
The level is disrespect is so high by Obama, et.al to Biden…even worse, the people shaking hands with Obama and facing Biden who presumably by virtue of being there have some idea of protocol are staring straight at Joe tugging, puuling, and shouting to be included and THEY flat out ignore him….
It’s one (inexcusable) thing for Obama to diss Joe like that…for current minions of the Party…holy shit.
Joe is entirely irrelevant. To everyone.
https://youtu.be/QGRxVITBGOA
Left: And the portion, where Biden has his back turned and by himself, kind of looking around aimlessly. Away from anything else it’s sad.
Lib, only comment I have on your Jon Stewart Appletv clips is that the first one is forced…all about presumed transparency and disclosure shortcomings….
There is no ‘information’ gap on these…anyone can (and everyone should) access for any listed company or investor what the rules are…the bottom line is that you had masses of uninformed people who ‘thought’ they knew (assuming they actually cared about being informed) and when it turned out they had no fucking idea of what they were doing and blew themselves they blame their loss due to their own lack of knowledge (and diligence) on the system….
Prior to a favorite reddit sub getting corrupted by these idiots I tried to help one…he had put a trade on and there ‘should’ have been a short squeeze (ignore the lack of merit to that ‘investment’ thesis for the moment). He lost money, was ripshit, certain he got ‘screwed’ and was trying to recruit everyone else to petition the SEC about these ‘wrongdoings’.
I simply asked how much time he spent on EDGAR before putting his position on, since every piece of ownership (which invalidated any short squeeze thesis) was disclosed on there. His response? What’s EDGAR, what are filings, fuck that, I was supposed to make money from a short squeeze in this stock, somebody needs to do something…
You can’t fix stupid….Aside from Exhibit A above we have a 40 year old man on here still talking about his ‘investment’ into penny stocks and who vocally and vociferously road one of the most obvious shorts to a 50%+ loss by going long at the absolute peak…In summary….
“I have no knowledge and am too lazy to try to educate myself, yet I’m certain I’m so smart, I should be making tons of money, whoops I have a loss, someone must have screwed me!”
Fucking idiots…they deserve to be separated from their money.
Go f’k yourself. Easy to ride victory laps in hindsight. How did that obvious short in Tesla go you f’ing cocky idiot…
Just because it worked out for you, don’t act like this was obvious. It did work out for you, so be happy instead of smearing my face in the mud you prick.
“You can’t fix stupid….Aside from Exhibit A above we have a 40 year old man on here still talking about his ‘investment’ into penny stocks and who vocally and vociferously road one of the most obvious shorts to a 50%+ loss by going long at the absolute peak…In summary….”
For such a know it all, you should know by now that nothing is easy in investing. You were in the right place at the right time you cocky prick.
For years, these same people riding victory laps on ARK shorts had their a$$ handed to them by shorting other tech stocks. What happened there?!
The only people in tech stocks right now are morons.
Outside of Amazon and Apple, you are pretty much gambling.
Fabs, that first link with the little girl dressed up in a wedding gown and a sign, if not photoshopped, borders on child exploitation….you want to know how the second link happens (a 20 year old marrying someone better than twice her age)?
Give her a boatload of daddy issues by exploiting her politically as in the first link.
“As for Florida and their new law, some teachers have got creative. Their classes are going Gender neutral. No boys, no girls, just children, kid etc. No him her, just you they them etc. No mother or father, just caregiver. Take it all out and no-one can complain.”
Totally fine.
But some stranger engaging my eight year old about his genitalia? I’m kicking his fucking teeth in, regardless of which four walls in which it occurs.
“Go f’k yourself. Easy to ride victory laps in hindsight. How did that obvious short in Tesla go you f’ing cocky idiot…”
Dumbass, good to see you still have below grade reading comprehension…as I’ve corrected you numerous times in the past – all available here on the blog – I made about seven trades in TSLA. Long and short, with five of them bearing good fruit. Two of the top ones were shorting the infamous “420 funding secured” which was literally impossible to have happen….and the other was going long on the Friday when the stock tanked when Elon told the SEC to shove their olive branch settlement proposal up their asses – that settlement was most definitely going to occur.
“Just because it worked out for you, don’t act like this was obvious…For such a know it all, you should know by now that nothing is easy in investing. You were in the right place at the right time you cocky prick.”
Not saying it was easy – it most definitely is not and that is the reason you fail because you are both unknowledgeable and too lazy to fix it.
It certainly was not ‘right pace at the right time’ either….I was knowledgeable and very well researched. ‘Right place, right time’ is just another term for luck, for an ignorant roll of the dice…which again is what YOU do and why your wife righteously won’t let you anywhere near her hard earned savings.
“Outside of Amazon and Apple, you are pretty much gambling.”
FB around 175 was a no brainer….
Amgen killing it! No idea why.
Left,
There are a few others of course. But for the average investor, it’s been very hard to lose in either of these two names and both are still probably fairly valued. Amazon, I believe, is disgustingly cheap. Apple, has to keep on hitting, which they somehow, always seem to do.
Left: I accept based on the terms below:
1. Initial period runs for 3 months effective tomorrow, April 7 , through July 7. For this period Left and 3b will not respond to the aforementioned posters comments. This 3 month period can be renewed for an additional 3 months if both parties make a determination that the agreement will be renewed.
2. The first party to break the agreement, will owe the other party the sum of $100.00
(Payment method to be determined).
Open Items: Are indirect comments permissible, and what guardrails should be established if any?
3b, I almost posted a retraction because riding Dumbass above in the 3pm hour was so much fun, lol.
I’m now torn….I may actually miss the free swings when he voluntarily yet unknowingly puts his hands behind his back and sticks his jaw out…and, you know, his jaw is so good looking…because he looks soooo young and boyish…as he is fond of telling us….ick, cough, hack…
Alright, if we do this, I presume indirect would be commenting on, say, Lib’s comment of a Dumbass post?
Lib, agree. Was tempted to test AMZN myself….
Threw you WMT on here and sent you that research on the 24th when she was in the low 140s…one of the few green stocks today closing at 155 and ATH…may dump some before after hours end…I hate swing trading like this but honestly in this market if the position is green today I don’t trust it will be that way tomorrow…..
Left: I was wondering as well , looked like you were going all I’m there at 3:00. Yes, that’s what I mean as in your example with Lib.
Perhaps, if we comment on Libs comment without referencing the original comment.
We can self police.
If we go ahead, I am doing this for me, as I make a fool of myself, with my grand pronouncements that I will ignore him, only to break my vow in a few days at most.
I need to prove to myself, that as difficult as it will be , I can at least do it for 90 days.
I bear him no animosity, just find him incredibly disagreeable. I think ignoring him ( if I can do it) will be healthy, or if nothing else save keystrokes.
3b
When it comes to a certain frequent poster You’re like Charlie Brown trying to kick the football Lucy’s holding.
“I bear him no animosity, just find him incredibly disagreeable. I think ignoring him (if I can do it) will be healthy, or if nothing else save keystrokes.”
Same here…it will be better for my brain cells and I’m sure the rest of the board will appreciate it too, lol.
Let’s do it. If I win I’ll take payment with a bottle of grim’s finest within our bet.
I had literally ignored him for years…if you look back sometime probably around 2017/18 I actually had a running footer, “X days Pumpkin-free”…like an OSHA accident sign lol. I was up to two years at one point IIRC. Look forward to getting back to that.
Let’s have a couple mulligans on figuring out the transitive commenting…I’m not a hard ass, this is for fun and as you say a little added incentive to abide.
How many illegal migrants can 900 charter buses carry to DC from Texas?
https://www.texastribune.org/2022/04/06/greg-abbott-texas-border-title-42/
Someone with common sense.
“Free speech is about being able criticize the Government without retribution. It is not about planting distortions and lying to overturn a legitimate election and a Democracy.”
https://twitter.com/noideatoosmall/status/1511719100229333003?s=21&t=4U_gHKinpNVptrla5Lgarw
You two nutbags have me laughing out loud.
With Pumps, you have to know when to ignore him (99% of the time).
Go cry about how much you hate jersey, yet spent most of your life here. Eat a dick.
“I’m now torn….I may actually miss the free swings when he voluntarily yet unknowingly puts his hands behind his back and sticks his jaw out…and, you know, his jaw is so good looking…because he looks soooo young and boyish…as he is fond of telling us….ick, cough, hack…”
So smart, yet lives in a state he hates. Imagine that. Same goes for his sidekick, 3b.
“Factories in Shanghai China are notifying customers things are not going to be made. The Chinese COVID response is not working well and disruptions are real. Unfortunately.”
Tom Brady has joined the Bored Ape Yacht Club.
The 🐐 purchased Bored Ape #3667 for 133 $ETH — which is currently over $430K in USD.
Left: I agree definitely will help the brain cells. I do remember you posting how long you had not commented on his posts, and you had a good long stretch. Far, far better than what I was able to do.
So, we will do it, effective tomorrow 9:00 AM. Let the games begin!
Lib: Glad we are making you laugh! It’s going to be an interesting experiment, particularly for me!!
I think you both loose. :P
But until then. We all win!
Pumps: Eat dick?? What grown man uses that term. Sidekick?? Wow, after all these years on the board, I am someone’s side kick. Whoo hoo!! Guess you are practicing for the games tomorrow.
Lib: Very good chance, especially me. But going to make every effort. We shall see!
Hold: You are so right! Going to be tricky!
When you play childish games, you get treated like a child.
3b says:
April 6, 2022 at 7:26 pm
Pumps: Eat dick?? What grown man uses that term. Sidekick?? Wow, after all these years on the board, I am someone’s side kick. Whoo hoo!! Guess you are practicing for the games tomorrow.
Pumps: You of all people to accuse me of childlessness. The biggest child on here, and you pout too. Very unbecoming for a man. I hope you take the time during the 3 month period I am ignoring you as time to do serious self- reflection. It will do you some good, just as ignoring you will be good for my brain cells.
Wow, Zerohedge has more page views than TMZ? If 116MM people are viewing ZeroHedge, then who the hell is buying the dips?
https://twitter.com/The_Real_Fly/status/1511777215268233217/photo/1
left…right place right time…rofl. Patiently waiting for two straight years watching stocks run up and shorting the top. Must have been luck…or just casually observing the action below the indices. I don’t think we will ever see such an easy collection of shorts again in our lifetimes.
LOL, 3b let the games begin! I’ll start now so my OSHA count can begin tomorrow!
BRT, so much can be made on the margins….over time a solid long portfolio as a base with some liquidity to take advantage of opportunities…I still don’t see how valuations can stay where they are, especially if earning outlooks start to soften….
We’ll get two face ripping rallies, when the war ‘ends’ and when the market believes JPow is decelerating the cuts….
On the war, I want to play oil again. I had a short target above 120, caught the drop in early March from 115. This last runup I came close to hopping in again but bailed, figured it was pushing my luck by shorting beneath my target twice…should have, she’s around 97 now…anyway, seems like everyone is of the opinion that even after the war ‘ends’ the embargoes will remain until Putin withdraws…no chance. Give me any settlement and especially a cease fire and those fuels are going to flow…
Re: JPow, I think he’s trying to talk the markets into doing his dirty work. I don’t think he feels strongly about inflation generally, and is of the opinion that with enough time it will subside. I think we may get surprised on the upside there, ie. they declare ‘victory’ well before the projected number of cuts on the back of market action…and although not a Presidential year it is an election year….optics are going to get pretty bad if they are serious about the current calendar….
And then earnings starting next week with the banks….
Makes for a fun next eight weeks…pretty big range of outcomes one can sketch.
Got fucked a little on JBLU today….tried taking 85% of max profit as recently as yesterday, didn’t get filled. Illustrative of what I was saying earlier with WMT, something deep green in this market, don’t screw around. I’ll be fine there, profit is actually locked at any price over 12, but short term makes for a messy p/l….I keep maintaining shorts on ARKK and ROKU, the former just because it is more efficient than QQQs or such, the latter because the company is a pig and I still can’t figure out why it even exists…
Yea, and what happened to those same short traders in 2018? How about 2020? Got their ass handed to them. Just because you think the market is overbought/overvalued doesn’t mean it will crash. Just be happy that the short worked out the way it is supposed to be….the market usually acts irrationally and wipes people out. Burry had the right idea in 2007 and still almost got wiped out. So stop with the easy short talk because you got it right. Again, you two cocky peas in a pod still don’t realize you could have got f/ked.
BRT says:
April 6, 2022 at 10:14 pm
left…right place right time…rofl. Patiently waiting for two straight years watching stocks run up and shorting the top. Must have been luck…or just casually observing the action below the indices. I don’t think we will ever see such an easy collection of shorts again in our lifetimes.