Yeti GOBOX Collection

Anybody Buying Yet? Where’s the Bottom?

Last auction was 1.2%. This one is might be below 1%.


I think I said in a previous post on the other thread that by my definition, nothing yet has been a bailout, but I don't think there is an official definition. Didn't save shareholders, didn't save debt holders, only saved deposits. If you want to use the word "bailout" when talking about depositors, that is your call. I just think the word has a negative connotation to it with the general public. So far I see nothing that bothers me. Just action to try to keep the system functioning- which is necessary. But doesn't mean I can't change my mind next week.
25 points coming next week.
 
I Bonds over 6% still not bad.
I parked cash in Money Market Reserves at 4.45% waiting for a 1 or 2 years CD to break 6%.
But my investments all in Energy ETF XLE !
 
Last auction was 1.2%. This one is might be below 1%.


I think I said in a previous post on the other thread that by my definition, nothing yet has been a bailout, but I don't think there is an official definition. Didn't save shareholders, didn't save debt holders, only saved deposits. If you want to use the word "bailout" when talking about depositors, that is your call. I just think the word has a negative connotation to it with the general public. So far I see nothing that bothers me. Just action to try to keep the system functioning- which is necessary. But doesn't mean I can't change my mind next week.
The Fed Gov sent how much from the FDIC to cover the banks…….and now other banks are contributing….that’s a bailout. They don’t won’t call it a bail out because that looks negative on administration just like the word Recession.
 
Buffett bailout....

The 2008 investment was made in preferred stock, so Goldman Sachs had the ability to redeem the shares, which it did in 2011. In the three years Berkshire Hathaway held the stock, it earned $3.7 billion, of which $1.27 billion was dividends.

 
Buffet bought Apple and More Energy and Goldman.
Jamie Dimon of JP Morgan would be the only big bank I would consider. He should be the in charge of the Fed Reserve. But no banks stocks for me. XLE and Apple !
Added More XLE and more next week with a hefty dividend being reinvested into XLE.
 
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Breaking News
Now withdraws are happening at the larger banks
A run on the banks for safety !
Going to Money Market account and staying invested in Energy XLE .
 
Think so?

A rate increase makes every unrecognized bond loss larger for banks further exasperating the issue.
The bond losses are not the real problem, because they are HTM. And We are down 50bps on the 10yr since the last Fee increase. The problem is that it increase the attractiveness of money markets and 3-6mo tbills causing further withdrawals of deposits. It’s a viscous cycle.
 
The bond losses are not the real problem, because they are HTM. And We are down 50bps on the 10yr since the last Fee increase. The problem is that it increase the attractiveness of money markets and 3-6mo tbills causing further withdrawals of deposits. It’s a viscous cycle.
And the fact that almost every other aspect of the economy is in the toilet so there is nowhere else to make money through investments besides tbills etc.
 
And the fact that almost every other aspect of the economy is in the toilet so there is nowhere else to make money through investments besides tbills etc.
The economy is roaring. Look at the job market. The reason there is nowhere else to make money is because the artificially low interest rate environment finally came to an end and the “juice” has been squeezed out. People already enjoyed outsized returns on their assets for a good period of time. Time to grow more fruit. It only makes sense for asset returns to come back to earth for awhile
 
Yes he should give us a hint of rate hike
Everyone expects 1/4 point hike !
Expect a good rally this week !
 
The economy is roaring. Look at the job market. The reason there is nowhere else to make money is because the artificially low interest rate environment finally came to an end and the “juice” has been squeezed out. People already enjoyed outsized returns on their assets for a good period of time. Time to grow more fruit. It only makes sense for asset returns to come back to earth for awhile
Yes low interest rates borrowing money for very low rates and paying half a percent on checking accounts. I expect it to normalize between 3 and 4% never 2% again. Which is good. But it’s going to take a year to get their. We moved our cash account into Money Market account paying 4.5%.
 
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Think so?

A rate increase makes every unrecognized bond loss larger for banks further exasperating the issue.
That's good for vultures like blackrock to swoop in and pick up banks for pennies on the dollar!😘

 
That's good for vultures like blackrock to swoop in and pick up banks for pennies on the dollar!😘

Even vultures have a role in this world. I would highly skeptical of Blackrock wanting a bank though. And this is the process. FDIC sets up a bridge ban and sells it off. It speeds up process.
 
How many are investing in VDE and XLE in Energy ?
Strong Buy just before the China Reopening!
 
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