DrStool Posted May 27, 2020 Report Share Posted May 27, 2020 Bears are doomed to live lives of suffering, debasement, and degradation. We need to wake up, smell the coffee, sniff the roses, and drink the koolaid. Link to comment Share on other sites More sharing options...
Jimbo Posted May 27, 2020 Report Share Posted May 27, 2020 Doc I don't really consider this a Bear board. I have never liked bull and bear terminology. By its very nature its limiting...it limits your thoughts. I bought cheap stock at the end of March. The last time the stock I bought was so cheap was after the so callled GFC, in March 2009. Its doing quite nicely thanks. I'm not a bull or a bear. I just want to be right. And that depends on the market. I shows us whether we are right or wrong. Its not the other way around. This rise will eventually role over But is will take time. Link to comment Share on other sites More sharing options...
Jimbo Posted May 27, 2020 Report Share Posted May 27, 2020 THE FED RECAPITALISED WALL STREET [alternative title: Not a Care in the World]. No good crisis should go to waste. Surprised there has'nt been more discussion of the CARE Act which sets aside $454 Billion to bail out wall street. The Fed will print $454 billion in electronic dollars. It will then buy $454 Billion of US treasuries. The US Treasury will then give the money back to the FED. The Fed will then put it in a SIV which it can leverage 10 to 1. The SIV will then buy all the toxic crap from Wall Street presumably at 100 cents in the dollar. This will effectively recapitalise Wall street. Im sure this is already reflected in the stock prices of the Wall Street Banks. SIVs were also used back in 2008 when the Maiden Lane SIVs were set up to handle the toxic waste. But the dollars this time round are so much bigger. Link to comment Share on other sites More sharing options...
DrStool Posted May 27, 2020 Author Report Share Posted May 27, 2020 22 minutes ago, Jimbo said: Doc I don't really consider this a Bear board. I have never liked bull and bear terminology. By its very nature its limiting...it limits your thoughts. I bought cheap stock at the end of March. The last time the stock I bought was so cheap was after the so callled GFC, in March 2009. Its doing quite nicely thanks. I'm not a bull or a bear. I just want to be right. And that depends on the market. I shows us whether we are right or wrong. Its not the other way around. This rise will eventually role over But is will take time. I am a bear at heart but strive relentlessly to be fanatically objective in my analysis. This tends to result in a certain degree of cynicism. 😄 I have always loved your take on things over all these years. For those of you who may be unaware, Jimbo has been posting here for 18 years from Down Under! He's probably asleep right now. 😄 Link to comment Share on other sites More sharing options...
Jorma Posted May 27, 2020 Report Share Posted May 27, 2020 Well the Stocks vs TNX thing is working picture perfect this AM but that's the micro scale. So far. Link to comment Share on other sites More sharing options...
fxfox Posted May 27, 2020 Report Share Posted May 27, 2020 Floor traders bring some sanity back to this market? Rates: Well, they can‘t hike. Impossible. IF they would, the whole thing would implode, it simply would vaporize, poof! Rising rates in that fragile market? My goodness, that would have FAR worse implications than Corona itself. We don‘t have that many ICU beds, sorry. Link to comment Share on other sites More sharing options...
MisFit Kid Posted May 27, 2020 Report Share Posted May 27, 2020 "ICU" Intensive Credit Unit Link to comment Share on other sites More sharing options...
fxfox Posted May 27, 2020 Report Share Posted May 27, 2020 1 hour ago, MisFit Kid said: "ICU" Intensive Credit Unit 😂 Link to comment Share on other sites More sharing options...
DrStool Posted May 27, 2020 Author Report Share Posted May 27, 2020 Tomorrow I will drive a rental car one way from Zagreb to Zadar. The cost of a one way car rental with gas and tolls is the cost of two weeks of rent on the apartment. That's how disastrous prices of holiday rentals are. The car is still priced at normal one way rental pricing, which is kind of surprising. I shopped but there were no deals. Link to comment Share on other sites More sharing options...
DrStool Posted May 27, 2020 Author Report Share Posted May 27, 2020 Jesus- I just saw the news that the dictator is threatening to shut down Twitter and other social media platforms. As if he had the power. What does the asshole hope to achieve with empty, moronic threats like that? He's going full scorched earth now. Link to comment Share on other sites More sharing options...
DrStool Posted May 27, 2020 Author Report Share Posted May 27, 2020 False BO? Stay tuned. Link to comment Share on other sites More sharing options...
DrStool Posted May 27, 2020 Author Report Share Posted May 27, 2020 Now the CDC warns that antibody tests are inaccurate. Link to comment Share on other sites More sharing options...
MisFit Kid Posted May 27, 2020 Report Share Posted May 27, 2020 8 minutes ago, DrStool said: Now the CDC warns that antibody tests are inaccurate. Calling Doctor Howard, Doctor Fine, Doctor Howard....... Link to comment Share on other sites More sharing options...
MisFit Kid Posted May 27, 2020 Report Share Posted May 27, 2020 And the 1 minute miracle smashed it all higher...... Link to comment Share on other sites More sharing options...
DrStool Posted May 27, 2020 Author Report Share Posted May 27, 2020 Unmazing. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.