Author Topic: Stocks  (Read 400471 times)

Offline ilherman

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Re: Stocks
« Reply #4485 on: June 01, 2020, 09:45:49 PM »
Why?
Because it's on sale?

Its been trading 38 for the past few weeks. It dropped because of some news which doesn't really affect current company structure... Of course it would've been better if the study would've worked. But I think it will go back to 37-38 soon
You can say what you think when you think what you say.

Offline ExGingi

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Re: Stocks
« Reply #4486 on: June 02, 2020, 10:15:02 AM »

And

https://www.bloomberg.com/news/articles/2020-06-02/kkr-spends-big-and-fast-to-avoid-mistakes-of-2008-crisis
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Offline ExGingi

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Re: Stocks
« Reply #4487 on: June 02, 2020, 10:26:38 AM »
And then you have this:



BE CAREFULL WHAT YOU BET ON.

And "SPX valued on helium per share":

« Last Edit: June 02, 2020, 10:33:41 AM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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Re: Stocks
« Reply #4488 on: June 02, 2020, 11:04:54 AM »
Buy and hold S&P anyone?


I've been waiting over 5 years with bated breath for someone to say that!
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Offline PlatinumGuy

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Re: Stocks
« Reply #4489 on: June 02, 2020, 11:17:22 AM »
And then you have this:



BE CAREFULL WHAT YOU BET ON.

And "SPX valued on helium per share":

The Fed can definitely help through bankruptcy by buying bonds.

The problem is anticipating when the music will stop, hence some investors have left the market.

E.g. https://news.efinancialcareers.com/uk-en/3003536/finance-jobs-meaningless-covid-19

Jeremie Heilbron is the pseudonym of the founder of a hedge fund that had $15bn in AUM. This is his personal opinion.
Purpose > Pleasure

Offline ExGingi

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Re: Stocks
« Reply #4490 on: June 02, 2020, 12:06:02 PM »
The Fed can definitely help through bankruptcy by buying bonds.

Say WHAT?

El Erian's point was that despite the fed buying Hertz and JCP bonds prior to the bankruptcy filing, they ended up filing for bankruptcy. Whatever financing they get once they are in bankruptcy is DIP (debtor in possession) financing.
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Offline PlatinumGuy

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Re: Stocks
« Reply #4491 on: June 02, 2020, 12:12:54 PM »
Say WHAT?

El Erian's point was that despite the fed buying Hertz and JCP bonds prior to the bankruptcy filing, they ended up filing for bankruptcy. Whatever financing they get once they are in bankruptcy is DIP (debtor in possession) financing.
I meant to prevent bankruptcy, if they want to. And they can help post bankruptcy by buying bonds of other companies who can buy the company.
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Offline ExGingi

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Re: Stocks
« Reply #4492 on: June 02, 2020, 12:16:46 PM »
I meant to prevent bankruptcy, if they want to. And they can help post bankruptcy by buying bonds of other companies who can buy the company.

Well, that's El Erian's point, they bought JCP and Hertz in order to help them, but they still filed for bankruptcy.
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Offline PlatinumGuy

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Re: Stocks
« Reply #4493 on: June 02, 2020, 12:19:37 PM »
Well, that's El Erian's point, they bought JCP and Hertz in order to help them, but they still filed for bankruptcy.
Not because they can't, because they didn't want to, or don't have the mandate to help individual businesses. Buying stocks in the first place is a stretch.
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Offline ExGingi

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Re: Stocks
« Reply #4494 on: June 02, 2020, 12:29:03 PM »
Not because they can't, because they didn't want to, or don't have the mandate to help individual businesses. Buying stocks in the first place is a stretch.

I don't think the Fed bought stocks in those two. They bought bonds, or IINM ETFs that hold those bonds. John Hussman has been crying bloody murder that this is illegal. They have no mandate to buy those kinds of assets.
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Offline yos9694

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Re: Stocks
« Reply #4495 on: June 02, 2020, 12:44:59 PM »
Sorry, but why should the Fed try to prevent or help bankruptcy? We don't believe in too big to fail and we don't believe investors should have downside protection. It's irrelevant if they could (though they probably can) because they shouldn't.

Offline PlatinumGuy

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Re: Stocks
« Reply #4496 on: June 02, 2020, 12:59:58 PM »
I don't think the Fed bought stocks in those two. They bought bonds, or IINM ETFs that hold those bonds. John Hussman has been crying bloody murder that this is illegal. They have no mandate to buy those kinds of assets.
Sorry, I thought they were buying stocks, but turns out only bonds so far, although the possibility of buying stocks was mentioned earlier. Same point still stands. It's a stretch to buy generic ETFs, individuals companies is a whole new level.
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Offline ExGingi

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Re: Stocks
« Reply #4497 on: June 02, 2020, 03:03:36 PM »
Sorry, but why should the Fed try to prevent or help bankruptcy? We don't believe in too big to fail and we don't believe investors should have downside protection. It's irrelevant if they could (though they probably can) because they shouldn't.

They shouldn't, and it's against the law for them to do so. But hey, no one will put their knee on any of the Fed governors neck for such a violation of the law, even if the financial damage it causes is greater than all the looting and rioting we've seen in the past few days.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline Chapshnell

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Re: Stocks
« Reply #4498 on: June 03, 2020, 02:01:30 PM »

Offline EliJelly

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Re: Stocks
« Reply #4499 on: June 03, 2020, 02:48:39 PM »
define long, curious
Hopefully still sticking with it.