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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
speculawyer
Member
Holy crap . . . Another $4 Billion of market cap just vanished.speculawyer said:
Investment bank failure. This is not your ordinary recession.
Ether_Snake
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_Frank_ said:
Looking at that gold curve, I would have been happy if I had bought gold on a downtrend. I'd be rich
Javaman said:
No doubt China and other nations will be impacted by our recession. Foreign indexes on average are down ~11% this year so far compared to about 15% domestically. I just think overall America is worse off on average for a longer term investment. We'll bounce back and eventually be healthy.
China as a whole has been a growth trap for investors. Only the emerging markets fund I'm looking at has China in it, and it's only 10%.
I just got Vanguard European (VEURX) for my 2007 IRA contribution.
Shortly I'll get Vanguard Diversified Emerging Markets (VEIEX).
Then I'm not sure what I'll get. If the American economy is still being artificially held up by the Federal Reserve, I'll go with Vanguard Pacific (VPACX). I think Pacific is due to take off in the coming years. The performance has been bad since inception due to the real-estate bubble that Japan had back in the late 80s. If I believe we've been corrected, I may go with a mid-cap growth or small-cap value index domestically.
speculawyer
Member
I agree that this might not be a good entry point . . . but at the same time, I wouldn't look for a quick recovery.Javaman said:
Ether_Snake said:
I misinterpreted one of your old posts. You actually said that you wouldn't put any more money into the market. Somehow I read it as you were saying "fuck the stock market, I'm buying a condo" and thought you meant you were selling.
Javaman said:
It's possible there's some bubble action going on. I haven't paid enough attention. But part of it is most certainly it's relative value to the dollar.
http://quotes.ino.com/chart/?s=NYBOT_DX&v=dmax
Gold is supposed to roughly hold value over long periods. People rushing to buy gold as a recession shelter could temporarily change it's value (bubble). But gold is also international, so it may just be because gold is holding value, and the dollar is weakening, that it appears that gold is suddenly skyrocketing in value.
Ether_Snake
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teh_pwn said:
Nah condo is too expensive for me alone:lol Altho I'd like to have one.
But I wouldn't have sold off my stocks anyway, I don't want to do that. I'm a patient man, I just talk a lot
EDIT: Nikkei down 500 points.
At one point in time JPMorgan held the largest notional value in derivatives, yet Jamie Dimon and Co. managed to come out of this whole mess relatively clean. Dimon's former employer on the other hand was absolutely rocked. Citi backed the wrong horse.
Bear's midtown building is worth a billion easy. Their brokerage business can really open doors for JPMorgan if relationships are/can be repaired. This may be the steal of the century, or it may amount to nothing, but it's worth the risk if you ask me.
Tough times for Bear employees, and as a former employee myself, I feel for some of them.
Recently, I've been worrying about a Liquidity Trap scenario, similar talk also surfaced earlier this decade. Crossing my fingers, but I'm sure this sort of talk will start picking up speed. Crazy times ahead.
Bear's midtown building is worth a billion easy. Their brokerage business can really open doors for JPMorgan if relationships are/can be repaired. This may be the steal of the century, or it may amount to nothing, but it's worth the risk if you ask me.
Tough times for Bear employees, and as a former employee myself, I feel for some of them.
Recently, I've been worrying about a Liquidity Trap scenario, similar talk also surfaced earlier this decade. Crossing my fingers, but I'm sure this sort of talk will start picking up speed. Crazy times ahead.
Ether_Snake
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teiresias said:
I'm pretty sure it's in JP's pockets now.
Ron Paul, he was so crazy amirite?
teiresias said:
That was a line of credit extended to all banks, not just Bear Stearns. It's not up in smoke, still there for all to use.
Fed opened another lending facility to Primary Dealers, they can borrow with investment grade collateral for up to 6 months (maybe more if shit gets worse).
Ether_Snake
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LJ11 said:
Err I'm pretty sure the feds did take a couple millions for Bear Stearns specifically this Friday.
There's an answer in the JPMorgan presentation from this evening: http://files.shareholder.com/downlo...f16-4238-a908-e0a07a904682/JPM_Bear FINAL.pdf
On page 4 of 9:
On page 4 of 9:
Ether_Snake
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Oh right, billions.
And mortgage.
:lol
And mortgage.
:lol
Ether_Snake said:
Fed gave Bear a line of credit through JPMorgan, they used JPMorgan to secure the credit. Bear couldn't secure the credit themselves, because they had nothing to secure it with. Again, all banks have access to the credit, it's just that Bear had no ways to secure it. Should have cleared that up in my OP, apologize for the confusion.
Anthropic said:
Well JPM agreed to buy in if the Fed would guarantee a certain amount, and they did. The Fed will now control about $30B in Bear's portfolio. This deal was struck on Sunday, not on Friday. Then again who knows, we weren't in the room.
Financial Times said:
Ether_Snake said:I'm pretty sure it's in JP's pockets now.
Ron Paul, he was so crazy amirite?
Yeah, if this escalates, it's exactly what Paul has been ranting about for the last 30 years.
Edit: He's still owning people in congress, while they continue to babble about who to blame.
http://www.youtube.com/watch?v=PoxlzPGIPt4
A shame Paul is getting so old. He's not as clear and concise as he used to be.
MobiusPigeon
Banned
back to this bear stearns thing. They were at 30 some last trade and are being allowed to be bought at TWO. does this mean that behind the scenes the real estate market IS indeed about to get MUCH worse and $2 was around the actual value when factoring all the losses that JP will incur?
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
Maxwell House said:
wtf? :lol
Why does the Fed keep cutting? Should they listen to Ron Paul and other economist that say we need to just rid it out and stop cutting fed rates?
MobiusPigeon
Banned
they're purposely sinking the value of the dollar to get ready for the amero. tsc tsc. buy silver now.
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
EVERYWHERE in Europe the stocks are down. Like darn near EVERYWHERE!!!
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
MobiusPigeon said:
WOW! Good question.
Sqrt_minus_one
Member
MobiusPigeon said:they're purposely sinking the value of the dollar to get ready for the amero. tsc tsc. buy silver now.
You are the second person in a week who has said this I overheard "some guy" on my train to work saying the exact same thing he said all his colleagues in the banking industry within which he had worked for over 20 years were flooding his inbox with this info. I dismissed him as a crazy at the time he said USA, Canada and Mexico all under one currency called the Amero. I had never heard of such a plan up unitl then.
Ether_Snake
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CM down 5%.
I ain't touching banks, at least not any time soon.
I ain't touching banks, at least not any time soon.
MobiusPigeon
Banned
so how do you buy silver and gold? is it possible to buy it just as if i were buying a stock?
RumblingRosco
Member
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MobiusPigeon
Banned
my losses werent as bad as i thought they were gonna be either.
thegreyfox
Member
MobiusPigeon said:
GLD would be the best way to play gold. Remember when gold pops it pops hard. GLD is already up 20% year to date.
LOL this market.
Ether_Snake
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http://biz.yahoo.com/ap/080317/fed_credit_crisis.html
"The central bank has agreed to fund up to $30 billion of Bear Stearns' less liquid assets, according to JPMorgan."
Yuck
"The central bank has agreed to fund up to $30 billion of Bear Stearns' less liquid assets, according to JPMorgan."
Yuck
MobiusPigeon
Banned
thegreyfox said:
looking more at silver. how do i do that? oh and i just cashed out 60% of my stuff for the visa ipo. i think its tomorrow. 37-42 a share. Would the best bet to actually get in on it be to CALL in an order like....NOW?
thegreyfox
Member
SLV for silver. Up 38% Year to Date. I really don't trust Metals, Ag, and oil they all have gone up way up in short amount of time.
Ether_Snake
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CRDN up almost 2%. People expect more war?:lol
EDIT: Over 2%. Been going up quick.
EDIT: Over 2%. Been going up quick.
Ether_Snake
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_Frank_ said:
I remember Koam saying that months ago. In theory, it's true. But I've been watching it for some time along with CREE and both go up and down a lot. I made the mistake of buying IMMR because I believe in the tech's future, I should have waited. No small cap has a monopoly on good tech.
http://stocks.us.reuters.com/stocks/ratios.asp?symbol=PANL.O
Not too hot, obviously risky. Your call
Synth_floyd
Banned
Kramer is retarded. I hope no one listens to him. This is from an online column of his last week:
http://www.cnbc.com/id/23575614
He's either clueless or a manipulative liar like Bush, Bernanke, the Bear Sterns CEO, etc.
http://www.cnbc.com/id/23575614
He's either clueless or a manipulative liar like Bush, Bernanke, the Bear Sterns CEO, etc.
Ether_Snake
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Synth_floyd said:
That.
mckmas8808
Mckmaster uses MasterCard to buy Slave drives
_Frank_ said:
What does this mean? I do you go short?