Oh, it's really a great buying opportunity. Will probably add to a couple of my long positions on the dip. In the short term though, it's a tad annoying, especially for those of us with companies that do lots of business with those commie crackpots.
Before U.S. investors went to bed on Monday night, there was growing confidence that the Federal Reserve chief was getting ready to announce the first interest rate hike in nearly a decade. Most bets were on a September move. But on Tuesday, China happened. The country threw a serious curve ball by unexpectedly devaluing its currency. The move suddenly muddied the outlook for the global economy, raising questions about the Fed's ability to raise rates next month. --- for the people with student loans who havent reconsolidated yet (pm me for links), its another boon for you to get your shit together and get on dem sub 4% rates.
Hey guys I need your help thinking about something. Isn't it true that when a company or outfit is justifiably expecting (or should receive) large infusions of capital in the near future, that these infusions impact the profitably or perceived profitably of the company or impact its ability to operate as a going concern? Is there a specific name/term for this, can you think of any examples/analogies in finance/economics or in general? TIA
What's the source of the capital? debt? shareholders? In those cases, it doesn't affect profitability, but it will affect the company as a going concern.
The settlement will be a below the line item for extraordinary item. There's some factors that will determine if the money from the fire gets lumped into operating income or it's an extraordinary item as well.
Seems to me it wouldn't effect profitability or perceived profitability ... more like a lump some payment. The payments do not seem to be recurring so not sure what they have to do with profitability. Maybe it allows them to make an investment which will increase profitability? Not my specialty, just an opinion.
Re: Greek recapitalization, how exactly would this wipe out any investments in Affected banks? Looking for a YOLO play and a sub $1 bank has Yolo written all over it.
http://www.marketwatch.com/story/he...-size-was-determined-by-market-cap-2015-08-12 Thought this was a cool map. I was surprised by some of the numbers. Spoiler I suck and couldn't post the map. click the link
If gold blows through the 1140-1150 area (and 1170-1180 above that) then you might have something to talk about. Otherwise (to me at least) it is just a bounce up to prior support and another opportunity to add to existing short positions / enter new ones.
Today should be a biiig bull day, no? Really unlucky that the rebound happened intraday yesterday because there were some juicy, juicy prices for stocks like Apple. Always have dry powder on hand, they say.
Heard this on npr this morning. Awesome story about a prison inmate picking up investing. http://www.npr.org/2015/08/14/43195...k-tips-wants-to-be-san-quentins-warren-buffet
I just learned a really basic lesson the hard way. It's one of those things I always knew but never actually thought about. So 2 weeks ago I put a huge purchase on my credit card (engagement ring) to get the rewards points with the intention of paying it off in full this month. Well, I'm currently traveling overseas in China and fucked up and missed paying off the previous month's small balance by 2 days, so the interest kicked in. What I learned the hard way was that NEW charges start accruing interest right away if you're late, NOT the charges you were late paying. Basically, I missed a payment on a $100 bill and will now be charged interest on like $8k in charges.
I'm going to pay the balance in full today and the interest has already been added, otherwise I would. Thinking back, I should've signed up for a new, high rewards card anyways for this purchase. A lot of good ones out there that require you to spend $3k-$5k or so in the first couple months to get a huge bonus.
Until bears can push the S&P 500 below the current trading range (under 2040) or bulls above it (above 2135), I think equities as a whole will remain a mediocre trade in the short to intermediate term. There will be individual names that are an exception (as there always are), but if you're someone with money in a bunch of index funds my opinion is that you should keep you expectations tempered. Right now I still give a slight edge to bulls because of the long term trend, bears continued inability to push equities lower, and some breadth measures beginning to improve (I track the cumulative advance/decline line for the SPX as well as its McClellan Oscillator crossing their 20 day moving averages for hints on the direction of the market - both just turned back up over those moving averages). The places to find good trades right now are in commodities, fx, and bonds/interest rates - just my
I don't see how they can...but what's next if they don't? The economy isn't/hasn't really picked up any momentum. Fuck, the STL Fed just came on record saying QE1-3 didn't do a gatdamn thing.
Between non-existent wage growth (at least for non-executive/mgmt types) and pressure from external forces (global economy, emerging markets/currencies/economies in the crapper, ect.) I just do not see why people are so certain there is going to be a rate hike. Or how the FED can be certain that the timing is right for one. It is almost as if they are thinking about it just for the sake of doing one and/or caving to pressure from the type of people that regard ZeroHedge as their bible. I know some will say "external issues are not the FED's concern/mandate", but like it or not, I think they at least need to be considered given the impact decisions the FED makes has on the rest of the world.
Have a flex rate student loan that should be paid off in a year and am planning to buy a house around the same time. Team no rate hike plz.
Apple...Disney...Oh God, the pain. Good news is I have a pretty good position in Palatin Technologies, which is starting to pick up. Check it out if you want.
we were due for it. Been a long time since any sell off was sustained. test the 1925 area in S&P 500?
Sucks entering the market during the high... Oh well. Guess it's better to be in it than not in it at all.
those buys I made last month not much in the market shocks me ... but nearly 800 pts in two days?? cause China is growing at 6% vs 10% and oil is cheap? did pick up some AAPL ...
Things will be much better soon, I think. Big $$ guys aren't constantly worried about the end of the bull market now, some super overvalued stocks (particularly Netflix) get healthy corrections and buyers come back in spades. All the other stuff (China, miniscule differences in ERS, etc.) was just noise and window dressing for the real problem of fear and uncertainty from an overextended bull run.
The FED needs to raise rates. This insanity of keeping rates at zero for 7+ years is creating a big time bubble and I feel like the market is pricing it in. I have been in 75% cash since last year, went to 90% yesterday. Still long LNCO and CLR. I have basically lost everything in LNCO, no point in puking the last 20% now. Plan on trying to buy more real estate in the next 12 months anyway so I need the cash. Skoolie out.
Just happened to check the "Buffet Tracker" this morning and damn, he's just smarter than all of us yet again. He unloaded most of his oil shares (10s of millions of shares) in August of last year, just after the peaks. As of now he owns no oil stock that I can see, but you can guarantee when oil turns around he'll have owned big stakes of some of the major players on the way up.
That was me. No clue where my posts went. People asked me to recommend a stock that I thought would do better and I said EXR, a storage stock. So since mid May: SDRL from 14 to 7.50 EXR 70 to 77 Hopefully you all got out of that dog.