Jimi Posted March 21, 2023 Report Share Posted March 21, 2023 21 minutes ago, sandy beach said: ย Is that a lot? Link to comment Share on other sites More sharing options...
DrStool Posted March 21, 2023 Author Report Share Posted March 21, 2023 32 minutes ago, sandy beach said: ย Back in the day I made a living off this shit for about 4 years. I was one of the favorite appraisers of the RTC and FDIC, because when all the bullshit was going on in the late '80s I was killing deals left and right. So when they failed RTC came to me. ๐ Link to comment Share on other sites More sharing options...
DrStool Posted March 21, 2023 Author Report Share Posted March 21, 2023 Who likes my headline on today's Technical Trader report? Show Me the Money, Jerry! ๐ Link to comment Share on other sites More sharing options...
sandy beach Posted March 21, 2023 Report Share Posted March 21, 2023 The hottest sectors of the commercial real estate business has been data centers in the past decade. Think Equinix and many other players using ZIRP financing. They are now facing 8-10% rates. That's going to hurt a bit! ย Link to comment Share on other sites More sharing options...
sandy beach Posted March 21, 2023 Report Share Posted March 21, 2023 Sorry for the double post - doc can you please delete this? Thanks! ย Link to comment Share on other sites More sharing options...
fxfox Posted March 21, 2023 Report Share Posted March 21, 2023 Wells Fartgo is next. They deserve it. ๐ Every entity which is highly engaged in CRE will fail in one way or the other. CRE will basically cease to exist as a valid asset class. I do not go long before all the dominos have fallen. And if the Piss goes to 6000 and Iโm not on board so it shoukd be. Link to comment Share on other sites More sharing options...
DrStool Posted March 21, 2023 Author Report Share Posted March 21, 2023 2 hours ago, DrStool said: Note on the last hourly chart I posted above the Bearish Engulfing candle. Don't know if that means anything on an hourly basis.ย So much for the "Bearish" Engulfing.ย Link to comment Share on other sites More sharing options...
DrStool Posted March 21, 2023 Author Report Share Posted March 21, 2023 2-3 day cycle projection still looks 4025.ย Link to comment Share on other sites More sharing options...
fxfox Posted March 21, 2023 Report Share Posted March 21, 2023 Till today I regret that day in 1983 when John Bogle did NOT call me and say:โHave you ever heard of Vanguard Index Funds?โ ๐ฉ Link to comment Share on other sites More sharing options...
DrStool Posted March 21, 2023 Author Report Share Posted March 21, 2023 23 minutes ago, fxfox said: Till today I regret that day in 1983 when John Bogle did NOT call me and say:โHave you ever heard of Vanguard Index Funds?โ ๐ฉ I was working on Wall Street at the time.ย Link to comment Share on other sites More sharing options...
SiP Posted March 21, 2023 Report Share Posted March 21, 2023 2 hours ago, fxfox said: Wells Fartgo is next. They deserve it. ๐ Every entity which is highly engaged in CRE will fail in one way or the other. CRE will basically cease to exist as a valid asset class. I do not go long before all the dominos have fallen. And if the Piss goes to 6000 and Iโm not on board so it shoukd be. ย Based on the info in the media I understand that CRE was heavily financed by local to mid banks which is also putting pressure on them. We all know that stock prices of CRE ETFs are fallin and many call this the source of crisis. ย Link to comment Share on other sites More sharing options...
SiP Posted March 21, 2023 Report Share Posted March 21, 2023 @sandy beach you are correct, BTW I'm the new tech guy (+past EY M&A team) so I could confirm that all digital infrastructure like telecom towers and masts (like American Towers in US (AMT ticker) and Cellnex Telekom in Spain) were sellin at absurd multiplies like 18-25 EBITDA. A lot of telecoms, especially in Europe, were pushed by consultants to sell their core assets at this absurd levels. Many did, but some only created JV and moved their assets to JVs. Link to comment Share on other sites More sharing options...
SiP Posted March 21, 2023 Report Share Posted March 21, 2023 And here is AMT weekly chart (with 55, 200 EMA). Just look at this multi-year line and that mvg are goin down. If 180 break to the downside then telco towers will lose like 50% of value. ย Link to comment Share on other sites More sharing options...
fxfox Posted March 21, 2023 Report Share Posted March 21, 2023 Lotโs of triumph habit by part-time bears (former life long perma bulls) going on since 2 days. Phrases like โwhich banking crisis? It is already overโ, โthis aint no 2008, every idiot sees thisโ, โFED is done and pumpsโ etc. We will see who has the last laughโฆ Link to comment Share on other sites More sharing options...
fxfox Posted March 22, 2023 Report Share Posted March 22, 2023 10 hours ago, DrStool said: I was working on Wall Street at the time.ย You could have at least call my parents and tell them they should become Bogleheads! ๐ The S&P 500 was around 150 in 1983โฆ ๐ฉ Vanguard was founded in the mid-70s I think. Were they โa playerโ in 83? Were those index funds known, did people at The Street talk about them? I guess everyone knew Templeton, but Vanguard? btw, is it correct that back then the S&P 500 was NOT the index everyone watched, like nowadays, right? Everyone had only eyes for the Dow? And Nasdaq was also not on the radar screen in 83, correct? And in 1983 the feeling was NOT that a multi decade long raging bull has started, right? ย ย Link to comment Share on other sites More sharing options...
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