Boiler Room: The Official Stock Market Discussion
BaldingSoHard
Veteran
When you miss the train by $0.01... 
I had an open order to buy 2000 shares of AMD at $1.80 a couple months ago.
On it's latest dip, it went to $1.81 before rocketing to $3.99 today.
fukk this shyt, brehs.
I had an open order to buy 2000 shares of AMD at $1.80 a couple months ago.
On it's latest dip, it went to $1.81 before rocketing to $3.99 today.
fukk this shyt, brehs.
Drake is God
Sweeterman
Is a recession coming next year?
Persistent global headwinds and developing domestic issues are going to land the U.S. in a 2017 recession. Get your mortgage house in order. You will weather through the turbulence just fine.
First, a quick explanation: A strong dollar and some very slow economies are driving down U.S. exports. Competing oil producing nations continue to drive down oil prices hoping for a similar result to the game of musical chairs. Finally, deflation is triggering negative interest rates in an attempt to stimulate particular economies.
On the domestic side, U.S. banks and Wall Street are experiencing shrinking revenue. Earlier this week the Wall Street Journal reported that Goldman Sachs had its worst revenue quarter in 12 years.
United Health Group, the largest U.S. health insurer, is bailing out of Obama care because of massive losses. So, if your monthly health insurance bill doesn’t look like a second house payment now, it’s going to real soon.
Kiss your disposable income goodbye.
“The economy is most likely going to continue to grow,” said Michael Fratantoni, Mortgage Bankers Association chief economist. That said, the mortgage bankers forecast a 25 to 30 percent chance of recession next year.
Mortgage money is really cheap today with fixed rates as low as 3 percent with some buy-down points. Do not be afraid of adjustable loans as we go down this interest rate slope. We are already pretty close to zero. Right now you can buy a 1-year adjustable at 1.75 percent, a 5-year adjustable at 2 percent and a 7-year adjustable at 2.125 percent.
We may have a whole new meaning to the term negative adjustable rate mortgages. In the olden days, it meant your loan balance could go up because you had the option of a minimal payment that did not even cover the accruing interest charges. In this new form you would actually get paid for borrowing mortgage money. Nice!
“Negative interest rates are used by European Central Bank, Bank of Japan, Sweden, Switzerland and Belgium,” said Anthony Chan, Chase Bank’s chief economist. But he thinks financial markets aren’t reacting well to negative rates.
If Chan is putting a wet blanket on the idea of negative U.S. rates, a Federal Reserve Bank press person doubled down on that, providing two paragraphs to make it clear that Chairwoman JanetYellen is not actively considering this.
It’s obvious that bankers won’t want this because it’s costly, not profit generating.
But the real elephant in the room is much worse if world momentum goes the way of negative rates. It will most certainly create a Y2K type problem for all mortgage lenders. The Fed would not respond when asked if banks are software equipped or what plans the Fed has to get the U.S. prepared for this.
We are lucky in the OC with a diversity of industries and a tight employment market. Double down on your cash reserves by putting 12 months of mortgage payments aside.
Home prices will flatten a bit next year, but you won’t see a precipitous drop in home values. Weather the storm. This too shall pass.
@Ill
@Domingo Halliburton
Persistent global headwinds and developing domestic issues are going to land the U.S. in a 2017 recession. Get your mortgage house in order. You will weather through the turbulence just fine.
First, a quick explanation: A strong dollar and some very slow economies are driving down U.S. exports. Competing oil producing nations continue to drive down oil prices hoping for a similar result to the game of musical chairs. Finally, deflation is triggering negative interest rates in an attempt to stimulate particular economies.
On the domestic side, U.S. banks and Wall Street are experiencing shrinking revenue. Earlier this week the Wall Street Journal reported that Goldman Sachs had its worst revenue quarter in 12 years.
United Health Group, the largest U.S. health insurer, is bailing out of Obama care because of massive losses. So, if your monthly health insurance bill doesn’t look like a second house payment now, it’s going to real soon.
Kiss your disposable income goodbye.
“The economy is most likely going to continue to grow,” said Michael Fratantoni, Mortgage Bankers Association chief economist. That said, the mortgage bankers forecast a 25 to 30 percent chance of recession next year.
Mortgage money is really cheap today with fixed rates as low as 3 percent with some buy-down points. Do not be afraid of adjustable loans as we go down this interest rate slope. We are already pretty close to zero. Right now you can buy a 1-year adjustable at 1.75 percent, a 5-year adjustable at 2 percent and a 7-year adjustable at 2.125 percent.
We may have a whole new meaning to the term negative adjustable rate mortgages. In the olden days, it meant your loan balance could go up because you had the option of a minimal payment that did not even cover the accruing interest charges. In this new form you would actually get paid for borrowing mortgage money. Nice!
“Negative interest rates are used by European Central Bank, Bank of Japan, Sweden, Switzerland and Belgium,” said Anthony Chan, Chase Bank’s chief economist. But he thinks financial markets aren’t reacting well to negative rates.
If Chan is putting a wet blanket on the idea of negative U.S. rates, a Federal Reserve Bank press person doubled down on that, providing two paragraphs to make it clear that Chairwoman JanetYellen is not actively considering this.
It’s obvious that bankers won’t want this because it’s costly, not profit generating.
But the real elephant in the room is much worse if world momentum goes the way of negative rates. It will most certainly create a Y2K type problem for all mortgage lenders. The Fed would not respond when asked if banks are software equipped or what plans the Fed has to get the U.S. prepared for this.
We are lucky in the OC with a diversity of industries and a tight employment market. Double down on your cash reserves by putting 12 months of mortgage payments aside.
Home prices will flatten a bit next year, but you won’t see a precipitous drop in home values. Weather the storm. This too shall pass.
@Ill
@Domingo Halliburton
Domingo Halliburton
Handmade in USA
There's a lot going on in that article. I would say the biggest worry is china having some sort of major crash. Some of that other stuff doesn't concern me. For instance, who cares if Goldman revenues are down?
Futuristic Eskimo
All Star
Papa confirmed new CEO of Valeant. Lets get that 10k in this week and we should eat
Papa confirmed new CEO of Valeant. Lets get that 10k in this week and we should eat
What trade did you place?
Futuristic Eskimo
All Star
I initially took a position around $34 and added more around $32.50 a couple weeks ago. Just holding shares right now.
This is so much to wrap my head around, I downloaded Robin hood last week and I'm going to drop 100 in there to get the feel of things.
How do people determine what to invest in really. Especially starting out? Do you follow trends? Guts or what?
How do people determine what to invest in really. Especially starting out? Do you follow trends? Guts or what?
Drake is God
Sweeterman
You need to understand market hours, exchanges, market markers, volume, price, bid ask, etc...This is so much to wrap my head around, I downloaded Robin hood last week and I'm going to drop 100 in there to get the feel of things.
How do people determine what to invest in really. Especially starting out? Do you follow trends? Guts or what?
You have to study charts and patterns and when you know how to identify the pattern you play the stock.
Do you know how to read a balance sheet or income statement? Do know anything about the S&P 500?
Start with Investopedia - Sharper Insight. Smarter Investing. play the simulator and just do as much research as possible.
Should I open an account???? 
Goldman Sachs opens to the masses - FT.com
Goldman Sachs Group
Goldman Sachs opens to the masses
Wall Street titan shifts down market with offer of online savings accounts for as little as $1
Goldman’s retail move follows the moneyAN HOUR AGO
© Bloomberg
Ben McLannahan in New York
For almost 150 years Goldman Sachs has been the go-to bank of the rich and powerful. But now the Wall Street titan is opening up to the masses on Main Street by offering online savings accounts for as little as $1 on deposit.
Goldman’s shift down market comes as the bank is under pressure to develop new streams of funding. Weak first-quarter results from the big US banks have highlighted the challenges faced by their investment banking units, under pressure from volatile markets and tight regulations.
Analysts last week fired a barrage of questions at the US banks, and at Goldman in particular, wondering why they were not doing more to reboot their businesses. Goldman posted the lowest quarterly return on equity — just 6.4 per cent, on an annualised basis — of the past four years.
The bank last week launched GSBank.com, a platform it inherited via the acquisitionof a $16bn book of deposits from GE Capital.
Through that deal it gained about 145,000 retail depositors and is now seeking more, offering annual interest rates of 1.05 per cent on a savings account — many times better than the rates of the biggest US brick-and-mortar lenders such as Citibank, JPMorgan Chase or Bank of America.
Stephen Scherr, Goldman’s chief strategy officer, said the aim was to broaden sources of funding for GS Bank, its New York State-chartered lender. Until now, the unit has focused on wholesale funding sources and so-called “brokered deposits”, which are bulk sums that banks acquire from brokers in exchange for high interest rates.
By tapping regular retail depositors, Mr Scherr said, the bank can open up “a different avenue to use, with a different orientation and a different tenor”.
Devan Goldstein, banking expert at NerdWallet, a San Francisco-based personal finance site, said he was unsure whether rate-hunters would be drawn to GS Bank from other online banks such as Ally or Discover. But he predicted the Goldman brand was probably enough to pique interest.
“It’s synonymous with the dream of wealth in America,” he said.
[Goldman Sachs brand is] synonymous with the dream of wealth in America
Devan Goldstein, NerdWallet
Goldman’s acquisition of GE Capital’s deposit book, which closed a week ago, is a good fit with the demands of regulators, which have been urging the biggest banks to fund their activities through deposits rather than short-term bonds or loans. Under a new liquidity standard introduced by the Basel Committee that came into effect last January, deposits from retail customers are considered the least likely to vanish when problems arise.
In addition to the instant-access savings account, GS Bank is offering a range of certificates of deposit, from six months to six years. The six-month CD pays an annual percentage yield of 0.7 per cent, more than five times the national average.
$98bn
GS Bank deposits as of December last year
GS Bank had been aggressively gathering deposits independently of the GE deal. As of last December it had total deposits of $98bn, up from $83bn the previous year.
Mr Scherr said the new funds could support Mosaic, the bank’s embryonic effort to rival online lenders such as Lending Club and Prosper. That unit, run by a former senior executive at Discover, now numbers about 100 people, and is preparing to start originating loans by the end of the year.
Goldman’s push into mass-market banking will not be significant enough to replace lost trading revenues, said Jeffery Harte, an analyst at Sandler O’Neill in New York. But he said it was worth exploring, all the same.
Copyright The Financial Times Limited 2016. All rights reserved. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.
Goldman Sachs opens to the masses - FT.com
Goldman Sachs Group
Goldman Sachs opens to the masses
Wall Street titan shifts down market with offer of online savings accounts for as little as $1
Goldman’s retail move follows the moneyAN HOUR AGO
© Bloomberg
Ben McLannahan in New York
For almost 150 years Goldman Sachs has been the go-to bank of the rich and powerful. But now the Wall Street titan is opening up to the masses on Main Street by offering online savings accounts for as little as $1 on deposit.
Goldman’s shift down market comes as the bank is under pressure to develop new streams of funding. Weak first-quarter results from the big US banks have highlighted the challenges faced by their investment banking units, under pressure from volatile markets and tight regulations.
Analysts last week fired a barrage of questions at the US banks, and at Goldman in particular, wondering why they were not doing more to reboot their businesses. Goldman posted the lowest quarterly return on equity — just 6.4 per cent, on an annualised basis — of the past four years.
The bank last week launched GSBank.com, a platform it inherited via the acquisitionof a $16bn book of deposits from GE Capital.
Through that deal it gained about 145,000 retail depositors and is now seeking more, offering annual interest rates of 1.05 per cent on a savings account — many times better than the rates of the biggest US brick-and-mortar lenders such as Citibank, JPMorgan Chase or Bank of America.
Stephen Scherr, Goldman’s chief strategy officer, said the aim was to broaden sources of funding for GS Bank, its New York State-chartered lender. Until now, the unit has focused on wholesale funding sources and so-called “brokered deposits”, which are bulk sums that banks acquire from brokers in exchange for high interest rates.
By tapping regular retail depositors, Mr Scherr said, the bank can open up “a different avenue to use, with a different orientation and a different tenor”.
Devan Goldstein, banking expert at NerdWallet, a San Francisco-based personal finance site, said he was unsure whether rate-hunters would be drawn to GS Bank from other online banks such as Ally or Discover. But he predicted the Goldman brand was probably enough to pique interest.
“It’s synonymous with the dream of wealth in America,” he said.
[Goldman Sachs brand is] synonymous with the dream of wealth in America
Devan Goldstein, NerdWallet
Goldman’s acquisition of GE Capital’s deposit book, which closed a week ago, is a good fit with the demands of regulators, which have been urging the biggest banks to fund their activities through deposits rather than short-term bonds or loans. Under a new liquidity standard introduced by the Basel Committee that came into effect last January, deposits from retail customers are considered the least likely to vanish when problems arise.
In addition to the instant-access savings account, GS Bank is offering a range of certificates of deposit, from six months to six years. The six-month CD pays an annual percentage yield of 0.7 per cent, more than five times the national average.
$98bn
GS Bank deposits as of December last year
GS Bank had been aggressively gathering deposits independently of the GE deal. As of last December it had total deposits of $98bn, up from $83bn the previous year.
Mr Scherr said the new funds could support Mosaic, the bank’s embryonic effort to rival online lenders such as Lending Club and Prosper. That unit, run by a former senior executive at Discover, now numbers about 100 people, and is preparing to start originating loans by the end of the year.
Goldman’s push into mass-market banking will not be significant enough to replace lost trading revenues, said Jeffery Harte, an analyst at Sandler O’Neill in New York. But he said it was worth exploring, all the same.
Copyright The Financial Times Limited 2016. All rights reserved. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.
does anybody know about UWTI? not to hold for a long period but to make a quick cash.
not to hold for a long period but to make a quick cash.
88m3
Fast Money & Foreign Objects
1MDB Says It's in Default After Missing Interest Payment
I honestly wonder how many people have been murdered and will be murdered when all is said and done here
Saudi Prince Says Aramco Valuation Seen at Above $2 Trillion
I honestly wonder how many people have been murdered and will be murdered when all is said and done here
Saudi Prince Says Aramco Valuation Seen at Above $2 Trillion
Domingo Halliburton
Handmade in USA
The Container Store 
Domingo Halliburton
Handmade in USA
does anybody know about UWTI?
Oil has had a good move up here. I don't know how much more room it has to run though.