Financial topics

[FullMoon]

Treasury is paying 9.62% on 6 month bonds but have to act fast. Wow. If they had $31 trillion at 9.62% that would be $2.98 trillion per year. Of course by the time we get to that it would be clear the government was bankrupt and would be printing faster and more inflation, so the rates would be even higher.

https://www.cnbc.com/2022/10/25/you-mus ... erest.html

Maximum 10k allowed per person only. But the short term T bills are looking like a safe haven to me as banks come under stress. 4% for 3 months seems well enough if it's that safe

[vincecate]

Seems Apple earnings are ok after all, but Amazon was not.

[Higgenbotham]

Now a message for Cool: In every bubble the people who are invested are emotionally driven to claim that their investments are good and will make lots of money. You might be right - we need to accept that the markets make fools of all of us from time to time. And you may be wrong! I'm not taking the risk putting my money into something I don't understand which in my view is the better wisdom.
So Cool Breeze stick around in this forum and lets see where all this ends up.

You should never do anything you are uncomfortable with, don't have knowledge of, or conviction in. I do have those things regarding investing in BTC, because I am aware of the environment and precisely why BTC has shined and will continue to. Of course, I'll stick around. The question is, when will these guys admit they are wrong? I foresee more Peter Schiff responses as it passes 100k. Howard Marks, another dummy, just said BTC is a place to be. But what does he know about investing. My arguments are convincing on their own, but the best part is that guys like Higgy, who can't counter my points, also suggest that Marks/Jones/Saylor/Musk/Druckenmiller etc don't know what they are talking about or doing, even though they finally admitted, AFTER being skeptics, that they finally "get it."

What is the current status of billionaires and their Bitcoin investments?

The only one I know the current status of is Druckenmiller. He said recently with the Fed being in tightening mode, he does not own any Bitcoin at this time.

Does anyone know if Druckenmiller publicized his exit before the video I saw this month?

[Higgenbotham]

As Goes Apple, So Goes The Nation: Jobs In The Digital Service Economy

Adam Hartung
Former Contributor

Nov 6, 2015,02:53pm EST

"As goes GM, so goes the Nation" is attributed to Charles Wilson, CEO of General Motors, in Congressional hearings 1953. His viewpoint was that GM was so big, and so important, that the country's economic fortunes were inherently dependent on a robust General Motors.

https://www.forbes.com/sites/adamhartun ... 3547f36443

Until Apple falls big, I doubt the S&P can fall big either. Once Apple reported, stocks that had been down a lot (like Amazon) started to recover, and the S&P went from down about 50 to down about 15.

After hours stock prices can be found here. This is Amazon:

https://www.marketwatch.com/investing/s ... ote_switch

[richard5za]

.... sold, and lost big. That won't happen to me.

Okay so we need to frame this quote

[richard5za]

Thursday October 27th, 2022

A friend named Dan has asked me for some financial advice.

He plans to take a trip to Paris in april. he would like to know whether he should convert his dollars to Euros now or wait until april.

since I have no clue as to which is better, I'm asking the people in this forum to provide any advice or help that you can.

please post your thoughts below.

Currently the dollar is in an uptrend and the Euro in a down trend. Future not easy to predict. I assume this is to pay for expenses such as hotel? If so we are talking about expenses for a holiday not life savings. I take credit cards Mastercard and Visa, pay the bigger bills with cards and draw Euro cash from ATM's

[richard5za]

As Goes Apple, So Goes The Nation: Jobs In The Digital Service Economy

Adam Hartung
Former Contributor

Nov 6, 2015,02:53pm EST

"As goes GM, so goes the Nation" is attributed to Charles Wilson, CEO of General Motors, in Congressional hearings 1953. His viewpoint was that GM was so big, and so important, that the country's economic fortunes were inherently dependent on a robust General Motors.

https://www.forbes.com/sites/adamhartun ... 3547f36443

Until Apple falls big, I doubt the S&P can fall big either. Once Apple reported, stocks that had been down a lot (like Amazon) started to recover, and the S&P went from down about 50 to down about 15.

After hours stock prices can be found here. This is Amazon:

https://www.marketwatch.com/investing/s ... ote_switch

One of the more cautious successful trading analysts I know who has been saying since last year "keep your funds in cash so that you can pick up bargains after the crash" is now starting to nibble at some selected USA stocks as longer term investments, (i.e. not short term trading). He doesnt believe that S&P will fall below 2700, so his math could make sense. He's more optinistic that I.
I am still in cash, mostly US dollar. If you live outside the USA then dollar cash has been a great investment, up 22% since end of 2020

[Cool Breeze]

.... sold, and lost big. That won't happen to me.

Okay so we need to frame this quote

No problem. I've given the time frames upon which I will be wrong. That's why I gave others a hard time about their predictions not happening, and then still being married to it - common at GD for world geopolitical predictions, if you haven't noticed. I never saw you bust their balls though. I wonder why.

[Cool Breeze]

As Goes Apple, So Goes The Nation: Jobs In The Digital Service Economy

Adam Hartung
Former Contributor

Nov 6, 2015,02:53pm EST

"As goes GM, so goes the Nation" is attributed to Charles Wilson, CEO of General Motors, in Congressional hearings 1953. His viewpoint was that GM was so big, and so important, that the country's economic fortunes were inherently dependent on a robust General Motors.

https://www.forbes.com/sites/adamhartun ... 3547f36443

Until Apple falls big, I doubt the S&P can fall big either. Once Apple reported, stocks that had been down a lot (like Amazon) started to recover, and the S&P went from down about 50 to down about 15.

After hours stock prices can be found here. This is Amazon:

https://www.marketwatch.com/investing/s ... ote_switch

One of the more cautious successful trading analysts I know who has been saying since last year "keep your funds in cash so that you can pick up bargains after the crash" is now starting to nibble at some selected USA stocks as longer term investments, (i.e. not short term trading). He doesnt believe that S&P will fall below 2700, so his math could make sense. He's more optinistic that I.
I am still in cash, mostly US dollar. If you live outside the USA then dollar cash has been a great investment, up 22% since end of 2020

Yes, he's doing the "Since I can't time it and I think the max low will be X(2700), I'll just buy for a 10 year hold." I think the only problem with that is that if he doesn't pick really well, inflation will crush him if the market just moves sideways.

Like you, I'm 50% in cash.

[Cool Breeze]

Now a message for Cool: In every bubble the people who are invested are emotionally driven to claim that their investments are good and will make lots of money. You might be right - we need to accept that the markets make fools of all of us from time to time. And you may be wrong! I'm not taking the risk putting my money into something I don't understand which in my view is the better wisdom.
So Cool Breeze stick around in this forum and lets see where all this ends up.

You should never do anything you are uncomfortable with, don't have knowledge of, or conviction in. I do have those things regarding investing in BTC, because I am aware of the environment and precisely why BTC has shined and will continue to. Of course, I'll stick around. The question is, when will these guys admit they are wrong? I foresee more Peter Schiff responses as it passes 100k. Howard Marks, another dummy, just said BTC is a place to be. But what does he know about investing. My arguments are convincing on their own, but the best part is that guys like Higgy, who can't counter my points, also suggest that Marks/Jones/Saylor/Musk/Druckenmiller etc don't know what they are talking about or doing, even though they finally admitted, AFTER being skeptics, that they finally "get it."

What is the current status of billionaires and their Bitcoin investments?

The only one I know the current status of is Druckenmiller. He said recently with the Fed being in tightening mode, he does not own any Bitcoin at this time.

Does anyone know if Druckenmiller publicized his exit before the video I saw this month?

Good question. They've been quiet, but it's obvious why (they might be buying and are waiting to chest thump). Tudor Jones is one I've seen but he won't be specific at all about it ("small", minor, etc). O'Leary is all in though, and he's a billionaire.