Elias Pettersson Posted October 4, 2022 Share Posted October 4, 2022 2 hours ago, nuckin_futz said: Historically speaking, selling equities with the S&P down 23% hasn't been a smart thing to do. So you are still expecting the market to rebound? Everyone I've talked to has pretty much gotten out of the market, some did it months ago which was the right play. I've held on only to some of my dividend paying stocks and that's it. I think the month of October is going to be brutal. I could be wrong though. But if Credit Suisse and/or Deutsche Bank go under it could get ugly... 1 Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted October 4, 2022 Share Posted October 4, 2022 I won’t be surprised if we just chop around here until next batch of cpi data is released. Link to comment Share on other sites More sharing options...
Boudrias Posted October 4, 2022 Share Posted October 4, 2022 10 hours ago, Elias Pettersson said: So you are still expecting the market to rebound? Everyone I've talked to has pretty much gotten out of the market, some did it months ago which was the right play. I've held on only to some of my dividend paying stocks and that's it. I think the month of October is going to be brutal. I could be wrong though. But if Credit Suisse and/or Deutsche Bank go under it could get ugly... I think you have to decide whether you are investing or speculating. Either can be a legit approach if you don't get side tracked. I don't like speculating because much of that process is market timing which is difficult to do. Markets have been so volatile over the past year that buying opportunities come along regularly. Huge amount of cash floating around globally, much of it moving in and out of the market on a ongoing basis. Lots of money directed by technical programs. As a value investor some of this movement doesn't make a lot of sense. 1 Link to comment Share on other sites More sharing options...
Wolfgang Durst Posted October 4, 2022 Share Posted October 4, 2022 (edited) 19 hours ago, Elias Pettersson said: So you are still expecting the market to rebound? Everyone I've talked to has pretty much gotten out of the market, some did it months ago which was the right play. I've held on only to some of my dividend paying stocks and that's it. I think the month of October is going to be brutal. I could be wrong though. But if Credit Suisse and/or Deutsche Bank go under it could get ugly... Prices for CDS for Credit Suisse (CS) skyrocketed and exceeded even the price for CDS during the Lehman crisis. Nevertheless the situation for Credit Suisse isn't as dramatic as you think based on some comments on social media. CEO will lay out the restructuring plan on October 27, 2022. It's quite common that rumors are swirling around before this plan will be announced. CS is facing the same challenges as other banks with shrinking revenues and relativley high overhead costs that can be cut only over time. Based on the reports I read there is only a remote risk that CS will go bankrupt. I don't get the rumors regarding Deutsche Bank on social media, because the bank has recorded profits for several quarters in a row. From a financial standpoint of view (Balance sheet and income statement) Deutsche Bank is rock solid. Management has a proven track record when it comes to managing the risk exposure. The following summary is illustrating one of the reasons for Tesla's Q3 miss on deliveries. BYD sold 3 times more EV''s than Tesla during the first eight months on the biggest market for EV's - China - . Edited October 4, 2022 by Wolfgang Durst 1 Link to comment Share on other sites More sharing options...
J-23 Posted October 6, 2022 Share Posted October 6, 2022 4 Link to comment Share on other sites More sharing options...
mdehaan Posted October 6, 2022 Share Posted October 6, 2022 Strong USD > Demand for US T-bils > demand for US stocks. I could be wrong though. Link to comment Share on other sites More sharing options...
ronthecivil Posted October 6, 2022 Share Posted October 6, 2022 Ummm. I am a shareholder in loblaws. They do not make shit tons of money. I am confused the parliement debate. Even if you took all their profissts it/s a pebble in an ocean. This is the real people in charge talking. Hence my sadness. Can someone provide an executive summary? Link to comment Share on other sites More sharing options...
Boudrias Posted October 6, 2022 Share Posted October 6, 2022 5 hours ago, J-23 said: Classic! It wasn't that long ago when the 'Special funds' funds had everyone taking a flyer on useless stocks. Speculating versus investing? Investing is hard enough. But hey it all creates a marketplace. 1 Link to comment Share on other sites More sharing options...
Wolfgang Durst Posted October 6, 2022 Share Posted October 6, 2022 someone around having recommendations for the next tenbaggers? Feedback is very much appreciated. Link to comment Share on other sites More sharing options...
Elias Pettersson Posted October 7, 2022 Share Posted October 7, 2022 https://www.cnbc.com/2022/10/06/bank-of-england-says-pension-funds-were-hours-from-disaster-before-it-intervened.html Bank of England says pension funds were hours from disaster before it intervened LONDON — The Bank of England told lawmakers that a number of pension funds were hours from collapse when it decided to intervene in the U.K. long-dated bond market last week. The central bank’s Financial Policy Committee stepped in after a massive sell-off of U.K. government bonds — known as “gilts” — following the new government’s fiscal policy announcements on Sept. 23. The emergency measures included a two-week purchase program for long-dated bonds and the delay of the bank’s planned gilt sales, part of its unwinding of Covid pandemic-era stimulus. The plunge in bond values caused panic in particular for Britain’s £1.5 trillion ($1.69 trillion) in so-called liability-driven investment funds (LDIs). Long-dated gilts account for around two-thirds of LDI holdings. Many LDIs are owned by final salary pension plans, workplace pensions popular in the U.K. that provide a guaranteed annual income for life upon retirement, based on the worker’s final or average salary. The LDIs needed to liquidate substantial portions of their long-term gilt positions as the values of the bonds fell early last week, and could have done so in an orderly fashion providing gilt prices did not deteriorate too rapidly. In a letter Wednesday to Conservative Party lawmaker Mel Stride, chairman of the Treasury Select Committee, Bank of England Deputy Governor Jon Cunliffe revealed that LDIs issued dire warnings on the evening of Sept. 27, as 30-year gilt yields rose by 67 basis points from their position that morning. Yields move inversely to prices. “The Bank was informed by a number of LDI fund managers that, at the prevailing yields, multiple LDI funds were likely to fall into negative net asset value. As a result, it was likely that these funds would have to begin the process of winding up the following morning,” Cunliffe said. “In that eventuality, a large quantity of gilts, held as collateral by banks that had lent to these LDI funds, was likely to be sold on the market, driving a potentially self-reinforcing spiral and threatening severe disruption of core funding markets and consequent widespread financial instability.” Bank of England staff worked through the night on Tuesday, Sept. 27 to come up with an intervention that would avert this potential crisis, in “close communication” with the U.K. Treasury, which agreed the next morning to indemnify the bank’s rescue operation. The 30-year gilt yield fell more than 100 basis points after the bank announced its emergency package on Wednesday Sept. 28, offering markets a much-needed reprieve. Cunliffe noted that the scale of the moves in gilt yields during this period was “unprecedented,” with two daily increases of more than 35 basis points in 30-year yields. “Measured over a four day period, the increase in 30 year gilt yields was more than twice as large as the largest move since 2000, which occurred during the ‘dash for cash’ in 2020,” he said. “It was more than three times larger than any other historical move. Gilt market functioning was severely stretched, particularly at the long end of the curve.” Link to comment Share on other sites More sharing options...
Boudrias Posted October 7, 2022 Share Posted October 7, 2022 Anybody looking at GM? Incredibly cheap. FW/PE at 5.7. Possible upside of 62%. FW/PE x P/B = 5 They are selling everything they make and their margins are improving. 2023, 2024 EPS look great. Link to comment Share on other sites More sharing options...
mdehaan Posted October 7, 2022 Share Posted October 7, 2022 I like Uranium miners. Gold and silver miners too. ~2 year outlook. Link to comment Share on other sites More sharing options...
Chris12345 Posted October 7, 2022 Share Posted October 7, 2022 Intel looks decent. Link to comment Share on other sites More sharing options...
Boudrias Posted October 7, 2022 Share Posted October 7, 2022 7 minutes ago, Chris12345 said: Intel looks decent. It keeps hitting new lows. I bought CVS and BX this morning. Healthcare and a Company like BAM. Link to comment Share on other sites More sharing options...
Chris12345 Posted October 7, 2022 Share Posted October 7, 2022 48 minutes ago, Boudrias said: It keeps hitting new lows. I bought CVS and BX this morning. Healthcare and a Company like BAM. Nice. Ive got CVS! Link to comment Share on other sites More sharing options...
Boudrias Posted October 7, 2022 Share Posted October 7, 2022 (edited) 13 minutes ago, Chris12345 said: Nice. Ive got CVS! Any idea why the 11% hit on CVS this morning? Edited October 7, 2022 by Boudrias Link to comment Share on other sites More sharing options...
Chris12345 Posted October 7, 2022 Share Posted October 7, 2022 (edited) 2 minutes ago, Boudrias said: Any idea why the 11% hit on CVS this morning? Looks like they are buying Cano. Edited October 7, 2022 by Chris12345 Link to comment Share on other sites More sharing options...
Boudrias Posted October 7, 2022 Share Posted October 7, 2022 2 minutes ago, Chris12345 said: Looks like they are buying Cano. Apparently their Aetna coverage was downgraded in a survey. I like the Cano purchase. I am hoping they also buy QIPT eventually. 1 Link to comment Share on other sites More sharing options...
Elias Pettersson Posted October 7, 2022 Share Posted October 7, 2022 My pot stock went up today. Hasn’t gone up in 2 years. Held onto it just for the sh*ts and giggles. Are the pot stocks gonna make a comeback now with Biden pardoning everyone? Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted October 7, 2022 Share Posted October 7, 2022 6 hours ago, Boudrias said: Anybody looking at GM? Incredibly cheap. FW/PE at 5.7. Possible upside of 62%. FW/PE x P/B = 5 They are selling everything they make and their margins are improving. 2023, 2024 EPS look great. How are their debt levels? Last time I checked they had quite a bit of it which is a risk factor in an elevated rate environment. Link to comment Share on other sites More sharing options...
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