General Investing and Economics Discussion - No Politics

BuzzStone

BuzzStone

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Well add another Jacket to the furloughed pile. Looks like the automotive industry is hit pretty hard and with all of our plants around the world shut down there is just no cash flow to keep everyone working. We have already laid off over 2500 people and will furlough most of the rest.
 

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BuzzStone said:
Well add another Jacket to the furloughed pile. Looks like the automotive industry is hit pretty hard and with all of our plants around the world shut down there is just no cash flow to keep everyone working. We have already laid off over 2500 people and will furlough most of the rest.
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Sorry to hear. I worked in the oil industry when I co-oped- oil hit $15-$20/barrel and there were tens of thousands of layoffs. That industry is rolling over again now, especially in fracking. But a lot of the chemical prices are tied to oil and they are suffering too. Tons of software companies’ business is slowing, and on and on. It makes me really sad for everyone. This WILL pass. We WILL get a vaccine and helpful medicines. It may take 3 months, it may take 6 months. It may take longer, but we WILL come back. All the best to all our friends and swarm family on here. Love you all and be well.
 
Lotta Booze

Lotta Booze

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paine.UNEMPLOYMENT-INSURANCE.0402.png


Holy moly
 
GCdaJuiceMan

GCdaJuiceMan

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I got this link to a video graph of unemployment since 1967. Doesn’t include the most recent numbers like the graph above. Helps to visualize it all though.
 

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bwelbo said:
Holy Crap! 6.6m new weekly jobless claims. 11x the old all time record prior to last week.

https://finance.yahoo.com/news/coro...nitial-jobless-claims-march-28-165758189.html

The last 2 weeks is equivalent 7% unemployment all by itself. So real time our unemployment is probably 11%. Underemployment (reduced hours too) is probably over 20%.

The last 3 weeks’ trend is 200,000, 3,300,000, 6,600,000.
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And the Dow is up 2%. With every passing day, I am more and more convinced the Fed is working through intermediaries like Blackrock to support the stock market just like they are the bond market. The market is completely and utterly disconnected from reality.
 
mts315

mts315

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Who was following and buying Luckin Coffee? Put it on my radar and I just bought after it got crushed over night with their COO doing some shady ****. Down 85%.
 
LibertyTurns

LibertyTurns

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mts315 said:
Who was following and buying Luckin Coffee? Put it on my radar and I just bought after it got crushed over night with their COO doing some shady ****. Down 85%.
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Dude you got some balls putting money in a company that has lied about their financials. Hope you catch that falling knife by the handle. Let us know how it goes.
 
mts315

mts315

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LibertyTurns said:
Dude you got some balls putting money in a company that has lied about their financials. Hope you catch that falling knife by the handle. Let us know how it goes.
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It wasn't a huge play 3k shares at $7.21 per share. You really have to question any Chinese companies financials though.
 
LibertyTurns

LibertyTurns

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S&P closed the week at 2488, above the 2478 support.

LK closed at $5.38 so it appears that @mts315 original $21,930 investment is now worth $16,140. It only saw 4.5x normal volume so maybe the bottom is near and it’s all upside from here?
 

jayparr

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Not including politicians and there party that could be another post! The most hated people in America as work force are the day traders of brokerage firms and hedge funds!!! The day traders want the stocks to tick down to 0 or the invs. to go up as high as they can make it. Even tough they are employees of brokerage firms they DO NOT care about or what happens to the middle class who are in their invs for the long haul. They don't care if an inv. is rated by their own firm goes into bankruptcy they will keep on making it go down! The hedge funds not much different on what invs do up or down. More than one fund will attack invs till they go as far as they want them to. Now! Middle class people even take the ideas of their retail broker can get mauled by someone,s stock casino play of the same brokerage! The stock mkt. is the biggest casino in the world and just watch out for Pesci!!!
 
LibertyTurns

LibertyTurns

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jayparr said:
Not including politicians and there party that could be another post! The most hated people in America as work force are the day traders of brokerage firms and hedge funds!!! The day traders want the stocks to tick down to 0 or the invs. to go up as high as they can make it. Even tough they are employees of brokerage firms they DO NOT care about or what happens to the middle class who are in their invs for the long haul. They don't care if an inv. is rated by their own firm goes into bankruptcy they will keep on making it go down! The hedge funds not much different on what invs do up or down. More than one fund will attack invs till they go as far as they want them to. Now! Middle class people even take the ideas of their retail broker can get mauled by someone,s stock casino play of the same brokerage! The stock mkt. is the biggest casino in the world and just watch out for Pesci!!!
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There are not many daytraders & even less successful daytraders.

https://vantagepointtrading.com/whats-the-day-trading-success-rate-the-thorough-answer/

What’s likely getting you mauled is hedge funs coupled with large institutional clients. Maybe it’s just semantics but a fund is run by a fund manager that trades consistent with the fund guidelines. A brokerage firm executes the trades. Hedge funds use prime brokers who have access to large institutional investors such as pension funds & commercial banks that have access to large sums of money to loan on margin. It’s why spreads & liquidity are so important.

If you possess the ability to track price & volumes, you can beat the large institutions trying to execute large positions both on the upside & downside. You should almost always beat the market by having tactical agility because your portfolio is small compared to what they’re trading. If you or your financial advisor is not doing this for you, fire yourself and/or get another financial advisor.
 
CuseJacket

CuseJacket

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LibertyTurns said:
There are not many daytraders & even less successful daytraders.

https://vantagepointtrading.com/whats-the-day-trading-success-rate-the-thorough-answer/

What’s likely getting you mauled is hedge funs coupled with large institutional clients. Maybe it’s just semantics but a fund is run by a fund manager that trades consistent with the fund guidelines. A brokerage firm executes the trades. Hedge funds use prime brokers who have access to large institutional investors such as pension funds & commercial banks that have access to large sums of money to loan on margin. It’s why spreads & liquidity are so important.

If you possess the ability to track price & volumes, you can beat the large institutions trying to execute large positions both on the upside & downside. You should almost always beat the market by having tactical agility because your portfolio is small compared to what they’re trading. If you or your financial advisor is not doing this for you, fire yourself and/or get another financial advisor.
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To that end, there's a theory by some who are closer to "in the know" - part fact/part speculation - that the end of March run-up was due to institutional investors rebalancing by end of March/Q1 based on fund rules and guidelines. In other words, that 20% upswing is not necessarily indicative of market sentiment.

Taking the theories further, I was advised that because machines and algorithms are in large part responsible for institutional investing based on normal market variables, that a lot of those bots were turned off in early March due to the tremendous uncertainty around COVID-19. Furthermore, some of those bots/algorithms were turned on with a buy-side lean last full week of March, which caused the upswing.

In other words, the market is being manipulated and the swings have not been reflective of normal market fundamentals.

Take all of that with a grain of salt, but it is interesting to think about nonetheless.
 
LibertyTurns

LibertyTurns

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@CuseJacket The algorithm folks are called Quants. And yes, they probably impacted the markets a lot but so did hysteria. There’s money to be made in hysteria if you have a cool head. Rash, irrational people make bad financial advisors, businessmen, investors, military leaders, doctors, spouses, friends, law enforcement officials, etc. Actually, I’m not sure what they’re good for besides entertainment & getting imbeciles elected to public office.
 

jayparr

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There should not ever be algorithm strategy, because the makt was supposed to be for the business that are selling shares for their benefit and of course so what for the little man just trying to put his own money so that retirement and a lot of other things , and then the wolves and rodents of the once great wall street can time thing to go crazy all at once!! If there were any other place to put money; IF ONLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
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