Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Off Topic > Off Topic - Trading The Financial Markets


Reply
 
Thread Tools Rating: Thread Rating: 9 votes, 4.11 average.
Old 04-29-2022, 08:42 AM   #3751
geroge.burns99
Veteran
 
Join Date: May 2021
Location: NYC
Posts: 1,554
Profit takers are BACK!!!!
geroge.burns99 is offline   Reply With Quote Reply
Old 04-29-2022, 12:42 PM   #3752
BettinBilly
Educated Speculation
 
BettinBilly's Avatar
 
Join Date: Feb 2014
Location: Where Palm Trees Sway
Posts: 914
They are indeed. I'm more of an "Investor" than a "Trader" in this volatile market.

SWMBO was watching Fox Business (I believe Kudlow) yesterday and she said they were discussing a safe harbor from the market by moving investments to a T-Bill hat is now 10 percent? I was not aware of anything even close to this rate.
__________________
"Horse Sense" is the thing a horse has which keeps it from betting on people.
BettinBilly is offline   Reply With Quote Reply
Old 04-29-2022, 12:50 PM   #3753
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
Quote:
Originally Posted by BettinBilly View Post
They are indeed. I'm more of an "Investor" than a "Trader" in this volatile market.

SWMBO was watching Fox Business (I believe Kudlow) yesterday and she said they were discussing a safe harbor from the market by moving investments to a T-Bill hat is now 10 percent? I was not aware of anything even close to this rate.

They have $10,000 limit on them and there is some kind of forfeit of interest if you cash them in before 3 years I think.


Now if you wanted to throw some money into a closed end bond fund, well there is no limit on those, they are completely nose dived and are paying yields not seen in a long time.


BHK
NAD
NBB
PTY
MHD


But you didn't hear that from me
Rex Phinney is offline   Reply With Quote Reply
Old 04-29-2022, 12:53 PM   #3754
BettinBilly
Educated Speculation
 
BettinBilly's Avatar
 
Join Date: Feb 2014
Location: Where Palm Trees Sway
Posts: 914
Thanks.

I just asked her again, and they were talking about "I-Bonds" (now the rate makes sense to me), that I believe are 9.6 percent after the first six months, 7.1 percent to lock in April now, if I recall correctly.
__________________
"Horse Sense" is the thing a horse has which keeps it from betting on people.
BettinBilly is offline   Reply With Quote Reply
Old 04-29-2022, 01:14 PM   #3755
lamboguy
Registered User
 
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,764
Quote:
Originally Posted by geroge.burns99 View Post
Profit takers are BACK!!!!
the signals from this market are as clear can be. the tech stocks are down 20% off the top. that means the path to least resistance is downtown.. some day that will change and you will bet the signal. for now, just go short.
lamboguy is offline   Reply With Quote Reply
Old 04-29-2022, 02:00 PM   #3756
MikeH
Registered User
 
Join Date: Mar 2001
Location: Bullhead City, Arizona
Posts: 330
You can get another $5,000 in I Bonds if you overpay your taxes and ask to have $5k of it applied to I Bonds. It's been a while since I looked at them, but... I think...
1) You can't cash them out at all in the 1st year.
2) There' a 3 month interest loss if you cash in years 2-4.

But, a 3 month interest loss means 7% x 75% still means a 5 1/4% rate... far better than a CD right now...
__________________
Mike
MikeH is offline   Reply With Quote Reply
Old 04-29-2022, 02:27 PM   #3757
geroge.burns99
Veteran
 
Join Date: May 2021
Location: NYC
Posts: 1,554
Quote:
Originally Posted by MikeH View Post
You can get another $5,000 in I Bonds if you overpay your taxes and ask to have $5k of it applied to I Bonds. It's been a while since I looked at them, but... I think...
1) You can't cash them out at all in the 1st year.
2) There' a 3 month interest loss if you cash in years 2-4.

But, a 3 month interest loss means 7% x 75% still means a 5 1/4% rate... far better than a CD right now...
geroge.burns99 is offline   Reply With Quote Reply
Old 04-29-2022, 03:17 PM   #3758
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
oh my...

Attached Images
File Type: png Screenshot 2022-04-29 151735.png (361.3 KB, 3 views)
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is offline   Reply With Quote Reply
Old 04-29-2022, 03:44 PM   #3759
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
Quote:
Originally Posted by Rex Phinney View Post
The downward movement is just getting started. The market is looking pretty spooked, and the fed hasn't actually raised anything yet.


Imagine what is going to happen when they raise 50 or 75 basis points and inflation doesn't stop. So they float the idea of increasing the pace of rate hikes.



I originally thought oil would top out at 100, it's going to 120 by summer. Write it down.

From 1-19-2022
Rex Phinney is offline   Reply With Quote Reply
Old 04-29-2022, 03:49 PM   #3760
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
Quote:
Originally Posted by Rex Phinney View Post
Household spending is going to dry up, right at the time the stupid shits at the Fed have backed themselves into raising rates.


Oh yeah and one of Russia/ China is going to get Froggy.


Good times

From 1-20-2022






Quote:
Originally Posted by Rex Phinney View Post
The streaming subscriber game is getting way over saturated. The projections in that industry have been comical for a while. Disney has been cratering for a while because the stock got way over it's ski's on pipe dream growth numbers for Disney+

Netflix has gone from 700.99 to 191.95


Quote:
Originally Posted by Rex Phinney View Post
The Fed sat on their hands last year and allowed the party to keep going.



2022 will be time to pay the piper. I agree that the high for the year is already in. This market will be down at least 20% and possibly 30% by July.

From 1-21-2022, Damn who is this guy?
Rex Phinney is offline   Reply With Quote Reply
Old 04-29-2022, 03:57 PM   #3761
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
You're like the second coming of that guy who said right when Trump was elected, that this was the buying opportunity of a generation (he was right).

Now we have you for the downside.

Who needs anyone else?
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is offline   Reply With Quote Reply
Old 04-29-2022, 03:59 PM   #3762
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
Black Monday coming up?

All signs point to yes...if they break the low back in February?
__________________
@paceadvantage | Support the site and become a today!
PaceAdvantage is offline   Reply With Quote Reply
Old 04-29-2022, 03:59 PM   #3763
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
Quote:
Originally Posted by Rex Phinney View Post
I’ll keep selling. Piles of cash look pretty good right now.

The January “dip” is just the beginning

2-1-2022
Rex Phinney is offline   Reply With Quote Reply
Old 04-29-2022, 04:00 PM   #3764
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
Quote:
Originally Posted by PaceAdvantage View Post
You're like the second coming of that guy who said right when Trump was elected, that this was the buying opportunity of a generation (he was right).

Now we have you for the downside.

Who needs anyone else?

LOL, I guess if we get it right on which guy to listen to when we will do pretty good? But that's the hard part.
Rex Phinney is offline   Reply With Quote Reply
Old 04-29-2022, 04:20 PM   #3765
Rex Phinney
Registered User
 
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
Quote:
Originally Posted by Rex Phinney View Post
You know where I'm at. I've been liquidating on the bounces.


I have cash and at some point in 2022 shit will get ugly, very ugly. I can wait all year baby.


Facebook is #7 in the S&P and we see how well it holds up to a bad earnings report. Amazon is #3 and comes tomorrow. When Q1 2022 Earnings come in 90 days is when I truly suspect we will see some pain.

2-2-2022
Rex Phinney is offline   Reply With Quote Reply
Reply





Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
» Current Polls
Wh deserves to be the favorite? (last 4 figures)
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 07:43 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.