Boiler Room: The Official Stock Market Discussion

[KING WILL]

Cool, thanks.

 

[88m3]

.DJI
25,052.83
Dow Jones Industrial Average−545.91 (2.13%)

 

[Futuristic Eskimo]

The market is so inflated that even with this being the 3rd largest single day drop in history it was only a 3.2% decline overall. There's been several large single day point drops over the years and the market seems has seems to be adept at absorbing and recovering from them relatively quickly. Something like Black Monday needs to happen to really shake things up.

Yes, that’s what we need. Violent explosions of volatility are great for markets

 

[Futuristic Eskimo]

High yield credit was flat today. Anyone on the sell side make a call on when deleveraging will be complete? Where’s that quant from jpm?

I like a bounce tomorrow, but it’s like flipping a coin.

@James Hurley

 

[TDOT4LIFE]

What do you guys think about IBM? They are almost at a 5 year low

 

[Pimp]

What do you guys think about IBM? They are almost at a 5 year low

 

[Futuristic Eskimo]

You have to be mental to not have a significant amount of your portfolio in cash. Been buying puts on rallies this week. The market looks weak and the Fed is no longer a friend.

I'm back to enjoying this again.

 

[Futuristic Eskimo]

Also, anyone purchasing T-bills directly? I just set up a Treasury Direct account but trying to figure out what is the best method for this.

Short term rates are starting to look attractive for my cash sitting on the sidelines.

 

[Skooby]

Also, anyone purchasing T-bills directly? I just set up a Treasury Direct account but trying to figure out what is the best method for this.

Short term rates are starting to look attractive for my cash sitting on the sidelines.

What short term rates you looking at?

 

[Benefited]

Looking at Apple and Boeing this week.
I feel like Apple is pretty safe.

 

[Futuristic Eskimo]

What short term rates you looking at?

I'll take locking in 2.4% for a 26 week bill right now in this environment. Apparently you avoid local taxes on Treasury Direct as well, so this seems attractive for those sitting on a lot of cash looking to be conservative. I believe you'd need to transfer the bill to a broker if you needed to sell it for any reason prior to maturity. Still looking into this...

 

[Skooby]

I'll take locking in 2.4% for a 26 week bill right now in this environment. Apparently you avoid local taxes on Treasury Direct as well, so this seems attractive for those sitting on a lot of cash looking to be conservative. I believe you'd need to transfer the bill to a broker if you needed to sell it for any reason prior to maturity. Still looking into this...

Now I'm curious about this as well.

If you find something let us know!

 

[Berniewood Hogan]

"Well, at least Trump will be great for the stock ma..."

 

[Futuristic Eskimo]

Now I'm curious about this as well.

If you find something let us know!

Who is your broker? You can do this through most major brokerages as well with certain account authorization. I actually like the setup on TreasuryDirect better than schwab, but either is fine. You can do this in $1000 increments so don't need institutional sized accounts.

Purchasing some 13 weeks bills being auctioned tomorrow. Going to try to synchronize these purchases with upcoming rate hikes.

Markets looking sloppy right now. This is going to be in oversold territory soon so will be looking to use some speculative cash on calls in the next few days.

 

[Futuristic Eskimo]

"Well, at least Trump will be great for the stock ma..."

The idiots accelerated the Fed hike cycle and put pressure on the long end of the yield curve at the same time with the stupid tax cut. Terrible policy.