Boiler Room: The Official Stock Market Discussion
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DWTI
in hindsight, short uwti and long dwti at the open, sell at the close.
Good luck breh!Just another red day with the market.
On another note, I had a phone interview with Merill Lynch yesterday for a client associate position. I'm hoping that I can get a face to face interview with the hiring manager next week. Would be a good entry level role with asset management and I would have 9 months to get my series 7/66 if I was hired. Keeping my fingers crossed.
88m3
Fast Money & Foreign Objects
US futures were down nearly 400 points when I checked around 3am last night
UWTI
you tried to tell me.....
Domingo Halliburton
Handmade in USA
we're in this odd situation where it's risk-off and everyone sells equities but then you see the 30 year sell off today too because no one wants to own bonds because of a possibility of a rate hike.
88m3
Fast Money & Foreign Objects
Futuristic Eskimo
All Star
Which is ridiculous because a potential(and increasingly unlikely) 25 bps hike on the front end of the curve shouldn't be driving the 30 year
Domingo Halliburton
Handmade in USA
Which is ridiculous because a potential(and increasingly unlikely) 25 bps hike on the front end of the curve shouldn't be driving the 30 year
You're right. Why the selling then?
Futuristic Eskimo
All Star
Is China still liquidating reserves?
Domingo Halliburton
Handmade in USA
Probably. Can't let the yuan fall too far.
ill
Superstar
So China is liquidating their stranglehold on our debt? Seems like a win-win right now. Say good bye to our communist overlords
No joke though, not to get all @thekingsmen in here, but I legit think theres a possibility of some economic warfare going on in China right now. Manufacturing is down so why not blow some plants up and set them even further back? Might not even be the CIA. Might be the Japanese.
If you going to invest in UWTI you need to know a couple of things. I have around 275 shares at this current moment.
- INVEST MONEY THAT YOU ARE WILLING TO LOSE!!!! This is a heavy leverage ETN that is based off of the price of oil and the treasury rate that can change everyday. Right now, both are in the shytter.
- If you feel that the price of oil will go back up over time, you have to ignore the daily changes and focus on the long term belief.
- Always follow up on what going on with economy, OPEC and the US oil producers to see which direction is oil is heading in the future.
- If you don't feel comfortable which the stock, then bounce as soon as possible.
Domingo Halliburton
Handmade in USA
So China is liquidating their stranglehold on our debt? Seems like a win-win right now. Say good bye to our communist overlords
No joke though, not to get all @thekingsmen in here, but I legit think theres a possibility of some economic warfare going on in China right now. Manufacturing is down so why not blow some plants up and set them even further back? Might not even be the CIA. Might be the Japanese.
I think china got surpassed by Japan as the biggest foreign holder. Chinas owning of our debt is overblown and really its US governmental agencies that own the most of it.
I feel a little better after reading this breh. I got a few dollars to play around with it so I'm fine with losing out. I'm also looking for something long term. In your opinion do you think this would ever see 60 dollars again like in 5-10 years?