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I looked last night and I am at the lower percentages of stocks ever in my lifetime after some recent (last 3 months) selling. I guess I locked in gains here and there.
I'm going to leave it that way because there is an absence of faith all in all. I may dip in when a particular stock or two heads lower but it would seem foolish to chase gains with both an election year and...mostly...a pandemic.
I believe in the economic might of the USA - just not in Trumps USA. I'm into Buffets or Bezos USA (when it comes to money, that is)....
So much for Biden having anything to do with it. It's just volatility on the corona outbreak around the world. Nobody quite knows what the end will be. The rich are just casting about for somewhere to put all that money they stole from the working class over the last 30 years. If you get lucky you can make a lot of money - or lose same. The best course right now is just go buy some toilet paper and leave your stocks alone.
Why is toilet paper so important? Will newspapers really stop printing? I don't get it.
I could "regulate" my stash and get about 3 weeks from it.
We could stock up on protein stuff - there is a lot of stuff, without exact description, that provides nourishment without the need for as much toilet paper!
Why is toilet paper so important? Will newspapers really stop printing? I don't get it.
I could "regulate" my stash and get about 3 weeks from it.
We could stock up on protein stuff - there is a lot of stuff, without exact description, that provides nourishment without the need for as much toilet paper!
My newspaper is digital now. You can see the problem there. People in more temperate regions can use leaves and grass. All we have around here is cactus.
Now that Warren quit if the market goes up (or down) pundits will say it is because of her. No one seems to want to admit the obvious that this is all the virus and the lack of a credible response from the Trump admin leaving us with no idea what is going on in the US.
I heard on one of the financial talk shows saying the up and downs right now are the big investment firms moving out of some areas and to others that will benefit from the virus. Like from tourism to healthcare equipment suppliers. Makes as much sense as anyting.
The problem is that the "plus" companies are tiny compared to the "minus" ones.
Yesterday, when discussing the most oversubscribed overnight term repo operation yet, in which dealers scrambled to obtain $111.5BN in liquidity from the Fed's $100BN overnight repo operation, we said that it was "the second day in a row the overnight funding repo operation was oversubscribed (and it is virtually certain that tomorrow's downsized term-repo will be oversubscribed as well)."
We were right, because moments ago not only did the Fed announce that the latest 14-day term repo was indeed oversubscribed, but it was in fact the most oversubscribed term-repo on record, surpassing even the funding needs indicated at the start of the repo crisis last September.
While the Fed tapered the size of the term-repo operation from $25BN to $20BN as we entered March, the demand for the liquidity it unlocks has not only refused to go down, but has in fact soared, and rose to an all time high of $72.6BN consisting of $45.25BN in Treasurys, $2.5BN in Agency and $24.8BN in MBS tendered to the Fed.
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