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**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
03-13-2023, 02:04 PM
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#2731
Anyone wanna offer a range on CPI tomorrow?
I'll start it off with a tight range of 6.1 to 6.3.
Please state your range and what it means.
I'll start it off with a tight range of 6.1 to 6.3.
Please state your range and what it means.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
03-13-2023, 02:31 PM
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#2732
No one?

You guy will miss me when I'm gone.

Thank you for the coffee and donuts Marsellus <3.


You guy will miss me when I'm gone.
Thank you for the coffee and donuts Marsellus <3.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
03-13-2023, 02:34 PM
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#2733
- Destor
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Originally Posted By RobParks2M⏩
It shouldn't be, every mortgage coming up for renewal this year and beyond would have been stress-tested at rates much higher than what was actually available -- the BoC knew what was coming.Oh lawwwwd lol. Canada is truly fukt tho
Edit: on the variable rate thing I mean.
Edit: on the variable rate thing I mean.
Our borrowing power has effectively been throttled since 2018, only getting approved for the amount passing through the stress test rather than 1.xx%
03-13-2023, 02:54 PM
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#2734
- hardestgainer
- Squats Barefoot
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Originally Posted By RobParks2M⏩
This is in regard to Idaho, we are the largest mortgage lender in the state. Idaho has also had the most overvalued housing prices on the nation, back to back years. This entire states housing market is going to collapseOh lawwwwd lol. Canada is truly fukt tho
Edit: on the variable rate thing I mean.
Edit: on the variable rate thing I mean.
https://amp.idahostatesman.com/news/...262478187.html
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03-13-2023, 03:35 PM
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#2735
- RobParks2M
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Originally Posted By hardestgainer⏩
No it shouldn’t. 3% interest will keep people afloat. It’s kinda the same as more average prices with higher interest I would think. But yeah foreclosures will probably go up. I think it’ll be sustainable otherwise I wouldn’t buy fnma stuff lmaoThis is in regard to Idaho, we are the largest mortgage lender in the state. Idaho has also had the most overvalued housing prices on the nation, back to back years. This entire states housing market is going to collapse
https://amp.idahostatesman.com/news/...262478187.html
https://amp.idahostatesman.com/news/...262478187.html
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
03-13-2023, 03:49 PM
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#2736
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In Canada you've needed to qualify for a mortgage by passing through a stress test at high 4% or 5%+ even if the actual rate you're getting is <2%, lowest stress test rate to date has been 4.79% and that was when the 5-year fixed rate was as low as 1.39%
HELOCs have long seemed like the biggest risk as house values have blown up, especially in the hot speculative markets, making people more inclined to take out loans against those gains
HELOCs have long seemed like the biggest risk as house values have blown up, especially in the hot speculative markets, making people more inclined to take out loans against those gains
03-13-2023, 04:32 PM
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#2737
- mulletwarrior
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Originally Posted By Abzu⏩
I think consensus expectation is 0.4% M/M and 5.5% Y/Y. But IIRC, I think some local fed chair hinted about a positive surprise? I'm going to guess 0.2% M/M and 5.3% Y/YAnyone wanna offer a range on CPI tomorrow?
I'll start it off with a tight range of 6.1 to 6.3.
Please state your range and what it means.
I'll start it off with a tight range of 6.1 to 6.3.
Please state your range and what it means.
mo e
03-13-2023, 06:04 PM
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#2738
Originally Posted By mulletwarrior⏩
Not talking core, I'm talking about the scarier, larger number.I think consensus expectation is 0.4% M/M and 5.5% Y/Y. But IIRC, I think some local fed chair hinted about a positive surprise? I'm going to guess 0.2% M/M and 5.3% Y/Y
CPI is expected to be 6% YoY.
Thanks.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
03-13-2023, 06:15 PM
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#2739
03-13-2023, 06:42 PM
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#2740
- Carbonfibre
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it will be 6% y/y
core 0.4%
pretty sure Biden slipped it out last week saying inflation report is looking optimistic.
made me lol

core 0.4%
pretty sure Biden slipped it out last week saying inflation report is looking optimistic.
made me lol

03-13-2023, 06:52 PM
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#2741
03-13-2023, 06:55 PM
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#2742
- Carbonfibre
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Originally Posted By NestBrah⏩
that will come next week with FOMCUSD getting crushed tomorrow?
what ever Jerome decides.
25BPS hike USD stops drilling
pause yeah USD phucked
rate cut USD super phucked
some idiots banks now saying that Fed will do rate cut next week -25bps just LOL
03-13-2023, 07:06 PM
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#2743
- NestBrah
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Originally Posted By Carbonfibre⏩
25BPS still seems likely based on Powell's comments last week.that will come next week with FOMC
what ever Jerome decides.
25BPS hike USD stops drilling
pause yeah USD phucked
rate cut USD super phucked
some idiots banks now saying that Fed will do rate cut next week -25bps just LOL
what ever Jerome decides.
25BPS hike USD stops drilling
pause yeah USD phucked
rate cut USD super phucked
some idiots banks now saying that Fed will do rate cut next week -25bps just LOL
You think this could cause the USD to bounce back above 105/106?
03-13-2023, 07:23 PM
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#2744
- taf1968
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Originally Posted By Carbonfibre⏩
No way in hell they actually cut.that will come next week with FOMC
what ever Jerome decides.
25BPS hike USD stops drilling
pause yeah USD phucked
rate cut USD super phucked
some idiots banks now saying that Fed will do rate cut next week -25bps just LOL
what ever Jerome decides.
25BPS hike USD stops drilling
pause yeah USD phucked
rate cut USD super phucked
some idiots banks now saying that Fed will do rate cut next week -25bps just LOL
I don't even put much creedence in the idea of a pause this early. I think they go the 25 no matter what and then they'll pay lip service to banks needing to be more responsible with their procedures and risk mitigation, etc.
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03-13-2023, 08:51 PM
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#2745
03-13-2023, 09:37 PM
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#2746
- RobParks2M
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Originally Posted By im2manly⏩
Too bad we are about to start a new oneIt is dumb that I have to post in order to subscribe to this thread. That is all.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
03-13-2023, 10:56 PM
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#2747
- Destor
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It sounds like banks are suggesting lending standards and amount of lending will tighten up as a result of all this and do part of the Fed’s job, and they’re legit fearful of what more could come thus are very much hoping the rate hikes will stop.
03-14-2023, 05:49 AM
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#2748
- camaleom
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people at the office were freaken out yesterday - specially the older ones that are looking at retiring in the next few years. The stock lost a ton of value so their RSU/Stocks and 401k are ugly af
Biden front run the market telling people about CPI numbers - I bought spy calls yesterday so let see how it plays out
Biden front run the market telling people about CPI numbers - I bought spy calls yesterday so let see how it plays out
"Paper money is going away" - EM
03-14-2023, 07:44 AM
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#2749
- camaleom
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Originally Posted By camaleom⏩
and ty very much Bidenpeople at the office were freaken out yesterday - specially the older ones that are looking at retiring in the next few years. The stock lost a ton of value so their RSU/Stocks and 401k are ugly af
Biden front run the market telling people about CPI numbers - I bought spy calls yesterday so let see how it plays out
Biden front run the market telling people about CPI numbers - I bought spy calls yesterday so let see how it plays out
easy money"Paper money is going away" - EM
03-14-2023, 07:46 AM
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#2750
Originally Posted By camaleom⏩
Market was going to rally even at 6.3%.and ty very much Biden
easy money
easy moneyGood job calling 6 CarbonFibre.
<3.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
03-14-2023, 08:04 AM
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#2751
- Destor
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Inflation Reduction Act doing its job to bring real new manufacturing investment back to our shores: Volkswagen building its first-ever North American battery plant in Ontario. To qualify for both manufacturing credits and the $7500 consumer credit on EVs, batteries need to be manufactured in North America and components + critical battery minerals need to come from North America or countries the US has Free Trade agreements with.
It'll be interesting to see what Europe does in response to the IRA, because right now this is pulling capital towards us. And next up will be Hyundai/Kia/Genesis group in South Korea.
It'll be interesting to see what Europe does in response to the IRA, because right now this is pulling capital towards us. And next up will be Hyundai/Kia/Genesis group in South Korea.
03-14-2023, 08:21 AM
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#2752
- camaleom
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the more than China keep up with the bs the more we are going to keep attracting investment back to US/Canada and some of the other countries.
"Paper money is going away" - EM
03-14-2023, 08:24 AM
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#2753
- Destor
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Originally Posted By camaleom⏩
Definitely, Inflation Reduction Act in particular is all about pulling the battery supply chain out of China as they currently have a borderline monopoly on it.the more than China keep up with the bs the more we are going to keep attracting investment back to US/Canada and some of the other countries.
Battery minerals will be the real challenge
03-14-2023, 11:25 AM
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#2754
- hardestgainer
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Meta announces 10k in layoffs and Zuck says there will likely be more due to economy.
BRB up 7% on the day
BRB up 7% on the day
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03-14-2023, 01:24 PM
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#2755
- RobParks2M
- mad hatter
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Originally Posted By TugOfPeace⏩
Lol the funniest is the sheer number of people who worked at FB and other tech companies from home and juggled 3 jobs working a collective 20-40 hours a week making $200k at each “job”.bullish as fuk.
bad time to enter tech tho..
bad time to enter tech tho..
Ruh roo they caught on.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
03-14-2023, 03:22 PM
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#2756
- RobParks2M
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Originally Posted By TugOfPeace⏩
I mean I’ve got 2 jobs too, but one is strictly being “on call” 7pm-7am and the other is a daytime operation. Honestly if I thought I could swing it I’d have 2 daytime jobs but honestly I put in enough effort I don’t think I could get everything done for 2 jobs plus daytime I gotta be available all the time basically 9-9 for my staff to reach me. Honestly if there was another health system and they offered me a similar overnight gig I’d consider it. Although that would mean I probably couldn’t ever just have a drink LOLI think that lifestyle isn't even a purely tech phenomenon anymore.. when I left my last employer the person who replaced me said they didn't leave their last job which was also remote. Pissed me off because I did the ethical thing and left my remote job for the new one. Otherwise I could've had two jobs pulling in $275k. Surprised more companies don't check productivity or anything, tons of money is being wasted on these workers (and I'm guilty of it too, except I actually provide value while doing it).
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
03-15-2023, 05:58 AM
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#2757
- bsmit107
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Is it "too soon junior" to start buying a little heavier or do we still have a ways to fall?
Thinking we still have a ways down to go but would also like to get some extra shares at a discount while we're here.
Thinking we still have a ways down to go but would also like to get some extra shares at a discount while we're here.
03-15-2023, 06:04 AM
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#2758
03-15-2023, 06:49 AM
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#2759
- Carbonfibre
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yeah CS is done
this called limit down on many euro banks
also PPI / retail sales missed by country mile
WTI diving under $70 (not good)
demand destruction doing its thing
guess fed is winning
set alarm clock early and went short ES futures.
this called limit down on many euro banks
also PPI / retail sales missed by country mile
WTI diving under $70 (not good)
demand destruction doing its thing
guess fed is winning
set alarm clock early and went short ES futures.
03-15-2023, 07:58 AM
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#2760
- GreatReset1
- Biden's America 🤡
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Originally Posted By Carbonfibre⏩
You have been wrong on every scale. You are a Biden supporter who thinks the banking sector is safe... LULZ!!! Absolute moron!!!yeah CS is done
this called limit down on many euro banks
also PPI / retail sales missed by country mile
WTI diving under $70 (not good)
demand destruction doing its thing
guess fed is winning
set alarm clock early and went short ES futures.
this called limit down on many euro banks
also PPI / retail sales missed by country mile
WTI diving under $70 (not good)
demand destruction doing its thing
guess fed is winning
set alarm clock early and went short ES futures.
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