Juneteeth, options expire on Friday, and buying CDs or treasuries...

Discussion in 'Fixed Income' started by Cabin111, Jun 15, 2023.

  1. newwurldmn

    newwurldmn

    excellent post.

    and it’s nice to see you back.
     
    #31     Jun 17, 2023
    EllisWyatt likes this.
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    #32     Jun 17, 2023
  3. wartrace

    wartrace

    I had a small position called away on Friday with TD Ameritrade. Looking at my account the shares have been sold and my account has been credited with the proceeds from the sale of stock.
     
    #33     Jun 17, 2023
  4. Cabin111

    Cabin111

    Your assumption that I am an unread simpleton is nonsensical...

    Your choice to label and box me in, has no rational context...You have (chose) the wrong preposition.

    You know little about me. I'm a legal minority...I know what Juneteenth is about. I have seen CC&Rs (Covenants, Conditions, and Restrictions) written against my people!!

    I've had a black roommate...One of my best friends in college was black...And I've had a black tenant...Plus many other races. In college I had roommates who were Japanese, Micronesian, and Gay (before gay was even talked about in public)...All while having a Chicana, Hispanic, Mexican girlfriend for 3 years!!

    You don't know my political history...I've walked door to door for Senator George McGovern for president. Yeah, I may have changed parties over they years...But, I am not an automaton.

    I have voted for Democrats while registered Republican.

    I have traded options since the 1990s...But I choose covered calls (just me). Lately I do it for estate planning...

    So please, don't apply the same label (thought process) you would apply to others...It helps no one.

    One last thought...Are you really the same person (Ellis) who started the posting from long ago? I wonder if a new (cheap) AI (think Bing), would see a pattern...

    PS I voted Libertarian last time for president...It felt refreshing (clean), compared to supporting Biden or Trump!!
     
    #34     Jun 17, 2023
  5. newwurldmn

    newwurldmn

    he wasn’t talking to you you narcissist with your endless threads of 1 lot fills. Even this thread is a little narcissistic.
     
    #35     Jun 18, 2023
    EllisWyatt likes this.
  6. woosh.

    Sons of America: I am Ellis Wyatt.
     
    Last edited: Jun 18, 2023
    #36     Jun 18, 2023
  7. Cabin111

    Cabin111

    Went up to Montana on Tuesday to help my daughter and her family move. On Wednesday, I used her computer and bought $25,000. of treasuries (3 months) at Schwab. The Fidelity money can just go into their money market fund. Just got back this evening...Didn't even look at the market for the whole week. I was even out of cell phone/texting range...Way out in the middle of nowhere!!

    PS Delta lost my luggage in Salt Lake City!! Me and about 10 other people...
     
    #37     Jun 25, 2023
  8. Cabin111

    Cabin111

    I can relate to what this executive editor at Yahoo said...Their lead story today.


    Not watching stocks tick by tick sometimes has its benefits.

    That's where I am at right now after spending a week in sunny Cannes, France, with my Yahoo colleagues covering the Cannes Lions.

    We laughed, we didn't cry, we talked to big names such as Kevin Hart and Pinterest CEO Bill Ready about business matters and we ate incredibly fresh food that oddly didn't seem too inflationary. I even tried to dance at a late-night party (it was for business, people).

    One thing we didn't do was pay attention to stocks every waking second. It felt as refreshing as the ocean water I let touch my calves during a 15-minute break after we wrapped taping on Thursday. At least for me, that market detox has proven incredibly helpful as I get back to reality in increasingly warm New York City.

    My blunt view on markets: The Fed is trying to club the bulls over the head to remind them who is boss. It may be wise for those bulls that have made bank on AI stocks, tech names like Microsoft, and of course Tesla, to respect the mighty club of the Fed and pull in their horns for a bit.

    Sentiment has shifted on Wall Street to begin the summer, thanks in large part to new information from the Fed. The Fed's pause on raising interest rates a few weeks ago has spooked investors as it's clear a pause doesn't mean no more rate increases. Powell's testimony last week added further fuel to the view that two more rate hikes are coming this year to wrangle inflation, perhaps much to the detriment of the economy.

    I expect a similar hawkish tone to emerge from Powell's two speeches later this week.

    "One of the big stories this year is that central banks continue to surprise the markets with either more rate hikes or hints of more to come," proclaimed Bank of America economist Ethan Harris.

    Harris is on the mark with that observation and is right in questioning the markets' resilience amid those negative surprises.

    "Markets have also proved remarkably resilient with only a mild tightening of financial conditions. Despite the rapid game of catch-up by central banks in the past year, there have been very few financial 'accidents.' The one potentially serious shock — the stress in US regional banks — seems to have been ring-fenced with very aggressive actions from regulators. It is striking how strong global equity markets are relative to their pre-COVID levels," Harris added.

    Widely respected Goldman Sachs strategist David Kostin has also laid the groundwork for more near-term pressure on markets as investors stew on Fed confusion.

    "While our baseline view remains that the S&P 500 will rise by 3% to 4500 by year-end, the narrow market rally, elevated valuations, and stretched investor positioning represent downside risks," Kostin wrote in a weekend note.

    Continued Kostin, "If corralling inflation requires the Fed to implement additional hikes to the policy rate, stocks with 'quality' attributes like strong balance sheets, low volatility, and high returns on capital should outperform."

    That's a counter vibe to the risk-taking bullishness that sent markets to records just a few weeks back and the likes of Nvidia to a $1 trillion market cap.

    Fight the Fed at your own risk...but let it be known I didn't fight the currents on the beach in France. I went back to my towel to soak in some sun — which was the correct move.

    Brian Sozzi is Yahoo Finance's Executive Editor.
     
    #38     Jun 26, 2023
  9. are you bragging about your investing/trading style or more about your life?
     
    #39     Jun 26, 2023
  10. Vincent, if I understand correctly, I believe your assumption is that Cabin111 is an unread simpleton. Fair enough, but I'll have you know that he once had a micronesian roommate who had the additional quality of potentially also being ghey, although it was not discussed at the time.
     
    #40     Jun 26, 2023