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Started By
Message
re: Dow down 700 pts
Posted on 12/7/18 at 10:02 pm to slackster
Posted on 12/7/18 at 10:02 pm to slackster
quote:
Bro, if shite hits the fan, physical cash and precious metals aren't going to do you a bit of good.
I have a stockpile of whiskey, cigarettes, toilet paper, and ammo for SHTF, folks will trade their daughters maidenhood for those.
Cash and PM's are for trading for stocks during periods of opportunity created by financial fear when the PM's appreciate the most.
2
Posted on 12/8/18 at 12:46 am to cave canem
I just dont understan why everything has to devolve like some people project. it's not like a country going bankrupt is unprecedented. life goes on markets bottom and grow. debt tightens then loosens again as trust is restored
This post was edited on 12/8/18 at 12:48 am
Posted on 12/8/18 at 12:13 pm to cuyahoga tiger
quote:
Couldn’t psss up the sale on BAC today... took a nice position at 25.36
Yep. I'm in at $27 and $25.70. If it continues this ridiculous sale I'll buy more in the 24s probably.
Posted on 12/8/18 at 12:46 pm to TigersFan64
This will absolutely happen in 2020.
Posted on 12/8/18 at 1:10 pm to LSUneaux
Don’t buy on hope. Especially bank stocks in this type price action. When the derivative book of DB really starts firing off BAC will be in single digits. All the largest money center banks have exposure to DB.
You want to be: Either long vol, short stocks or neutral in cash in this market for the foreseeable future.
You want to be: Either long vol, short stocks or neutral in cash in this market for the foreseeable future.
This post was edited on 12/9/18 at 5:08 pm
Posted on 12/8/18 at 1:31 pm to Hussss
quote:
banks have exposure to DB.
quote:You realize “long vol” is DB, right?
Either long vol,
Posted on 12/8/18 at 1:38 pm to LSURussian
What does DB stand for?
Posted on 12/8/18 at 2:47 pm to cave canem
quote:
I have a stockpile of whiskey, cigarettes, toilet paper, and ammo for SHTF, folks will trade their daughters maidenhood for those.
You may want to update that to vape cartridges.
Posted on 12/8/18 at 3:01 pm to plaric
quote:I assume he’s referring to Deutsche Bank. But, you’ll have to ask him to know for sure.
What does DB stand for?
Posted on 12/8/18 at 3:32 pm to LSURussian
Spot on 
Posted on 12/9/18 at 5:01 pm to Hussss
DB is going to start the domino effect with the help of Brexit and Italy.
2008 punctured a dark, deep hole in the global financial system. That was derivative crisis number one due to CDS and CDO’s. You can’t solve a debt and leverage problem with more debt and leverage. The Central banks have covered the margin calls so to speak for 10 years but no longer can they hold this thing up. This time around, instead of banks and brokerages being where the problems are, it will be entire countries going tits up.
Buckle up folks because the fuse has already been lit.
2008 punctured a dark, deep hole in the global financial system. That was derivative crisis number one due to CDS and CDO’s. You can’t solve a debt and leverage problem with more debt and leverage. The Central banks have covered the margin calls so to speak for 10 years but no longer can they hold this thing up. This time around, instead of banks and brokerages being where the problems are, it will be entire countries going tits up.
Buckle up folks because the fuse has already been lit.
This post was edited on 12/9/18 at 5:03 pm
Posted on 12/9/18 at 5:15 pm to Hussss
Oooooooh so you’re like legit crazy...thought you were just stupid. Carry on
Posted on 12/9/18 at 5:19 pm to iAmBatman
Hate the truth?
Then stay long stocks
Then stay long stocks
Posted on 12/9/18 at 7:45 pm to Hussss
quote:What margin calls?
The Central banks have covered the margin calls so to speak for 10 years
Are you Tyler Durden? Because you sound like Tyler Durden...
Posted on 12/9/18 at 7:57 pm to LSURussian
Not a fan of Fight Club but I do like David Stockman's work
Posted on 12/9/18 at 9:36 pm to Hussss
You’ve kept this one going.
In simple terms... what do you believe is about to ruin the economy? The level of corporate debt?
In simple terms... what do you believe is about to ruin the economy? The level of corporate debt?
Posted on 12/9/18 at 9:46 pm to Hussss
What margin calls?
Posted on 12/9/18 at 10:18 pm to LSUcam7
In simple terms, yes debt (corporate, public and private) is the root cause of the problems along with the leverage on the debt. Next is confidence and trust in government (here and abroad), justice (or lack thereof) against never ending corruption in the political and financial system. It’s all based on ever expanding debt and trust. In 2008 GFC none of the banks trusted each other so the Central Banks came in and backstopped the mortgage derivative (CDS and CDO) losses so they were basically making good on global margin calls (counterparties made whole on derivative bets) to keep everything going which has inflated the mother of all asset bubbles in everything. This derivative crisis is not only mortgages but the biggest problems are in the sovereign debt markets and interest rate swaps. The more markets drop, the more the entire economy of the globe slows.
This post was edited on 12/9/18 at 10:34 pm
Posted on 12/9/18 at 11:09 pm to Hussss
quote:Wow. It’s like you learned a few financial buzz words and repeated them in random order sequences. The clencher was your description of interest rate swaps.
In simple terms, yes debt (corporate, public and private) is the root cause of the problems along with the leverage on the debt. Next is confidence and trust in government (here and abroad), justice (or lack thereof) against never ending corruption in the political and financial system. It’s all based on ever expanding debt and trust. In 2008 GFC none of the banks trusted each other so the Central Banks came in and backstopped the mortgage derivative (CDS and CDO) losses so they were basically making good on global margin calls (counterparties made whole on derivative bets) to keep everything going which has inflated the mother of all asset bubbles in everything. This derivative crisis is not only mortgages but the biggest problems are in the sovereign debt markets and interest rate swaps. The more markets drop, the more the entire economy of the globe slows.
I actually initially thought much earlier in this thread that you might know something of substance. My bad....
Posted on 12/10/18 at 6:55 am to LSURussian
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