Stock market tips and experiences

[BMW F22]

Stock market doesn’t know which way to go!

[NickyC]

Originally Posted by BMW F22

Stock market doesn’t know which way to go!

Bailout doesn’t appear to have been large enough. I thought we’d get a rally today, but the crooks don’t appear to be happy with the amount of free money promised to them. Could be set for a bit of a tantrum before Powell has no option but to give them what they want, and then brrrrrrr go the printers.

Shitcoins are the most hysterical thing today. Binance must be pumping them up hand over fist to get the suckers in.

[antzcrashing]

Originally Posted by chassis

Thanks for the copy/paste. What is your take?

I find your response hilarious but the above is my own words, I just watch cnbc and Josh brown ver often

[ASAP]

Originally Posted by NickyC

Bailout doesn’t appear to have been large enough. I thought we’d get a rally today, but the crooks don’t appear to be happy with the amount of free money promised to them. Could be set for a bit of a tantrum before Powell has no option but to give them what they want, and then brrrrrrr go the printers.

Shitcoins are the most hysterical thing today. Binance must be pumping them up hand over fist to get the suckers in.

I have a feeling what will happen is that the fed slows the rate hikes at this point... they've noticed the volatility that it has caused including near 3 bank failures lol and we continue on with inflation running rampant. This again will hurt everyone and we will pay for this not called a bailout but a bailout in the form of higher bank fees and less services. Either way, the middle class will get robbed again as always.

Long term, I honestly have no idea what the solution is... it would necessitate either higher taxes both corporate and private, far more regulation or long term rate growth where we go to an 8-9% rate but over many years as opposed to immediately.

Will any of that happen? Hell no, because we are addicted to free money and demand... so they will stimulate shit soon enough again, inflation will run wild and we will be back to it again.

[BMW F22]

Question: if I were to buy a stock, are the shares available immediately in my account to be able to sell them the same day? I understand there are restrictions and classifications on day trading, but doing it up to a certain times doesn’t count as day trading. I am more curious about how quickly the shares are deposited for me to be able to sell them later that day.

[dangerus_car]

SIVB failure is partly due to interests rate, but mostly due to stupidity of the CEO.

This article summed it the best

https://www.cnn.com/2023/03/13/busin...ceo/index.html

40 years in business, and can't raise a $2B. the bank had enough liquidity as you can see by eod Thu, the balance book only has minus 900ish million after a $42B withdrawal, that's a lot of liquidity

[M3WC]

Originally Posted by ASAP

I have a feeling what will happen is that the fed slows the rate hikes at this point... they've noticed the volatility that it has caused including near 3 bank failures lol and we continue on with inflation running rampant. This again will hurt everyone and we will pay for this not called a bailout but a bailout in the form of higher bank fees and less services. Either way, the middle class will get robbed again as always.

Long term, I honestly have no idea what the solution is... it would necessitate either higher taxes both corporate and private, far more regulation or long term rate growth where we go to an 8-9% rate but over many years as opposed to immediately.

Will any of that happen? Hell no, because we are addicted to free money and demand... so they will stimulate shit soon enough again, inflation will run wild and we will be back to it again.

Exactly, they are playing semantics saying taxpayers are not paying for the SVB failure. The Deposit Insurance Fund that is covering any deposits over FDIC $250k is funded mostly by quarterly assessments paid by banks. New "special assessments" will be paid into DIF to refund the losses. The "special assessments"(aka higher DIF fees) will trickle down to ordinary people in the way of higher banking fees and lower quality services.

[chassis]

Originally Posted by BMW F22

Question: if I were to buy a stock, are the shares available immediately in my account to be able to sell them the same day? I understand there are restrictions and classifications on day trading, but doing it up to a certain times doesn’t count as day trading. I am more curious about how quickly the shares are deposited for me to be able to sell them later that day.

Yes. Buy or sell orders placed near (3:58 or later) market close at 4:00pm NY time might not execute with sufficient time to execute a follow-on order. Assuming buy orders execute, you can sell the shares again the same day. The buy order may not execute if you have set conditions that are not met, for example a limit price.

Fidelity offers a tool to pre-load multiple, and contingent, orders if you are doing more sophisticated trading. Far from high frequency trading but a notch higher in sophistication than entering each order one at a time.

[2008M36MT]

I have $350K in my discretionary Schwab trading account. Should I move $100K out pronto?

I love it that CNBC was telling us that financial stocks were some of the best buying decisions you could make through this "recession".

[2000cs]

Originally Posted by 2008M36MT

I have $350K in my discretionary Schwab trading account. Should I move $100K out pronto?

I love it that CNBC was telling us that financial stocks were some of the best buying decisions you could make through this "recession".

Check the insurance limits on the securities and account. You might not be insured at all depending on what the $350k is in. SIPC limits are different from FDIC limits, so check with Schwab (probably online somewhere, or call).

[antzcrashing]

Wat is happening today non retorical question. Wrong answers only

[2008M36MT]

Originally Posted by 2000cs

Check the insurance limits on the securities and account. You might not be insured at all depending on what the $350k is in. SIPC limits are different from FDIC limits, so check with Schwab (probably online somewhere, or call).

All of my cash is currently in the checking account, so that's FDIC insured. Good point though, thank you. I've transferred out $82K this morning to another checking account. Better safe than sorry.

[NickyC]

There’s the rally, hah. Everyone pricing in no further rate increases (reductions actually likely now), and QE to the moon.

Losers and thieves once again rewarded, the American taxpayer completely hosed. What a country.

[UncleWede]

Biden said the CEOs for the two banks would not be employed in the same position any longer. What are the odds of that being true????

[ASAP]

Originally Posted by UncleWede

Biden said the CEOs for the two banks would not be employed in the same position any longer. What are the odds of that being true????

Yes, he got them a position at a new, up and coming bank called Bear Stearns.

[UncleWede]

Originally Posted by ASAP

Yes, he got them a position at a new, up and coming bank called Bear Stearns.

No spots left in the Reserve???

[XutvJet]

Originally Posted by bagekko

Yes but they keep increasing the risk beyond what used to be normal for banks, the risks they take with your money is crossing the lines of ethics, its not like the old days when they would give home/auto loans, invest in bonds & stuff, they are putting too much money into high risk investments which there are no limits on what they can do. We already went one financial crisis centered around CBO's, while they reduced that, it's not like they learned their lesson, they just are now diversified across many high risk investments. It's not their money they are playing with, and when it goes bad, the govt bails them out.

Yes to all of this. The banks take all the risk with our money and take no risk themselves because they know the gov't will likely bail them out. The gov't is just as guilty given their rose colored glasses about the economy and allowing for rates to remain so low for so long. The gov't is basically the bank's drug dealer.

[antzcrashing]

Originally Posted by UncleWede

Biden said the CEOs for the two banks would not be employed in the same position any longer. What are the odds of that being true????

Biden aint taking out any CEOs, he is old man dem yelling at a cloud. And i am a dem. He wants to influence CEOs to resign, sorry. If they do, its not Biden’s doing

[ASAP]

Credit Suisse not looking so hot lol

[2008M36MT]

I bought CDs today with all of my discretionary cash at a rate of 5.14% for 6 months. It's a preservation strategy, keeps me from investing in the market. Too volatile for me. If what happened in 2008 or what happened in 2020 happens again, I'll just take my penalty and dump it all back into a few solid stocks.

With that I'm out.

[UncleWede]

Originally Posted by 2008M36MT

I bought CDs today with all of my discretionary cash at a rate of 5.14% for 6 months.

Dang, that's like 5.02% higher than the current 12-month I'm sitting on at the CU (which, incidentally, I don't think is FDIC insured)

[XKxRome0ox]

President Biden is in Las Vegas
Maybe he's betting it all on black to try to get this turned around