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1pm 5yr bond auction has spooked markets. Drove all longer dated yields back over recent highs. Equities have been declining since. IWM, being more sensitive to rates has taken the brunt of it. 13:02*(US) TREASURY $61B 5-YEAR NOTE AUCTION DRAWS 4.055% V 3.801% PRIOR, BTC 2.31 V 2.50 PRIOR AND...

Freshwater boats on big lakes is probably far more manageable vs boats on the ocean. Corrosive salty air trying to disintegrate your boat 24/7.

Another Shonuff enters the chat.

My old company matched 100% of the first 6% of your contributions. So, if you elected for 6% 401k contribution, they would match that 100%. You basically are immediately doubling your contribution before mr market even does its magic.

@Foler This is important. I found this out the hard way one year many moons ago. Capped my 401k contributions in Aug/Sep and missed quite a bit of the year's match vs had I just split my cap out more evenly through the whole year.

-28% today. That is -74% in 3 trading days.

harsh. Dude is "only" 40% underwater on that NCLH position after 3 years.

SAVE down another 5% premarket, while the rest of the market is quite green in the pre. Not the best look.

@Sanrith Descartes With Blazin on this. Not worth the poor premiums. Esp prior to earnings kicking off.

UAL down 10%. Ouch.

Across the board CPI surprise to the upside (m/m, y/y, and core).

New news keeps coming in on this mess.

NVDA >6% today alone.

4950 Soft landing idea meets reality

My brokers: Lightspeed: Day trades TDA/Schwab (Think or Swim): Swing trades and options Fidelity: 401k / IRAs Paid Tools: TradingView (charting & financials) TradingVue (trade logs and metrics tracking) Trade the News (live news wire / squawk) Bloomberg news (for reading finance news on the go)

Well, didnt expect that. We're off to the races again. Crazy.

I've got a feeling Powell is going to come out and poo poo all over the market at 2pm (2:30 press conference). In past meetings, he has specifically said markets and yields were doing the job for them. That obviously isn't the case anymore. Betting he does the whole "we're not even talking about...

Small print.. *lifetime of the company. :cool:

Pretty darn cheap hedge at this level.

The thing you REALLY need to consider is that compounding works both ways. That 1% AUM fee each year also compounds against you (some are as high as 2-3%). Fees are the bane of long term investing accounts. Real talk, 98%+ in this thread should just be DCA into the S&P500 and forgetting the...

We don’t live in that mess. We are 15min from the beach on the south coast. UK has massive issues with speculative buyers and shady entities parking their money in hard assets, to the point London is nicknamed the laundromat. Oligarch and petro dollar shenanigans galore. There is also a massive...

Thanks for reinforcing my point? Now add up the previous 10 years and the trajectory of the next 10 years, compound the issue of underbuilding... and how is this not an issue? Some countries had speculative foreign ownership driving crazy valuations and pushing affordability out of reach for...

This. Instead of open ownership, it’d just get obfuscated by shell companies overseas. There’s basically a free for all in the US for foreign ownership, so it’s easy to hide.

Yields moved again on the consumer confidence data and the inflation expectation data baked in it. - 1-year inflation expectations 3.1% v 4.3%e (lowest since March 2021) - 5-10 year inflation expectations 2.8% v 3.1%e (lowest since Sep 2022) All of the data today puts pressure on the Fed and...

TLDR version:

If you want this for the youth in the US, you could consider joining the military. It's been a long while, but my time as a Navy ET (Electronics Technician) was basically 18 months of pure electronics school and troubleshooting down to a component level. 8-10 hours a day, all day, every day. It...

@Daidraco As someone who’s lived in half a dozen countries or more over the last 20 years, I’ve never in my life heard of any landlord making tenants responsible for replacing big ticket appliances. That would be an absolute deal breaker for me. Why the fuck am I paying for someone else’s...

Haven't read up on chatGPT in a few months, but the glaringly obvious flaw was it doesn't have live financial data whatsoever. In fact, the entire AI database was based on year(s) old archive data. Kind of useless for making any kind of forward projections. You could perhaps build some advanced...

For those huge 1 day moves, it never hurts to take some of it off the table. Never has to be an all or nothing in / out trade. Nice work. I nearly wrote a reply to you yesterday commenting how nicely IWM was consolidating on the daily chart, but figured you were aware and deleted.

Further on this, value / dividend stocks were getting beaten up also due to Treasuries. Why put in underlying capital risk for a 3-4% dividend stock when you could buy a 6mo-2yr treasuries paying 5% - 5.5% with zero downside risk whatsoever? Yields have cooled off now, so there's been a...

Sad news on Munger. Legacy can be summed as simple as this:

I would retire all day long with 10MM. Why would you want a new business at that point? It would have to be some hobby that you really enjoy and just happen to make money off of. With $10M and recent treasury rates, we were recently around 5% on a 20yr note. That's $500k per year in completely...

I was merely making commentary on the day. $T was my best day trade of the entire year, and my 2nd highest profit ticker of the year. This is my top 10 winners YTD. Largest profit from top to bottom.

It’s getting to the point that this isn’t exclusive to houses and vehicles anymore. Everyone it trying to jump into the installment payment (buy now pay later) industry. No this isn’t made up:

@Sanrith Descartes You can have hidden orders on exchanges. Lightspeed is just one broker example. Good way to hide massive liquidity give / takes. You can type how many shares of your trade you want visible, or just flip to "Hidden" all of the time. You can really run into this stuff day...

Bullish? US Credit-Rating Outlook Changed to Negative by Moody’s US Credit-Rating Outlook Changed to Negative by Moody’s