OT: Stock trading | Page 196 | The Boneyard
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OT: Stock trading

This is wild. 32 billion dollar “valuation” to bankruptcy. A billion in client funds missing. The founders were arrested in the Bahamas. What scumbags these people were.

www.theguardian.com

At least $1bn in investor assets missing after FTX collapse – reports

Sources tell Reuters funds were part of $10bn founder Sam Bankman-Fried transferred to his hedge fund
www.theguardian.com www.theguardian.com
 
Dont Look Hug GIF by Hollyoaks
 
Vanguard won't allow me to buy certain stocks.

Anyone know if Fidelity has the same policy?

Vanguard does not allow purchases in OTC securities except for some American Depositary Receipts (ADRs).
 
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temery said:
Vanguard won't allow me to buy certain stocks.

Anyone know if Fidelity has the same policy?

Vanguard does not allow purchases in OTC securities except for some American Depositary Receipts (ADRs).
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Dig a bit deeper within Vanguard for the reasons.

They got out of penny stocks about a year ago. I have an IRA through them which is a combo of Vanguard Funds and individual stocks. A couple of my "penny" stocks got shut down within the last year where I can hold them but I can't buy more of them or buy in to other penny stocks.

Basically Vanguard is really good at funds and wants to discourage their investors from chasing penny stocks.
 
temery said:
Vanguard won't allow me to buy certain stocks.

Anyone know if Fidelity has the same policy?

Vanguard does not allow purchases in OTC securities except for some American Depositary Receipts (ADRs).
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Supposedly, yes. if you give me a ticker symbol I can confirm whether it is available.

www.brokereviews.com

Does Fidelity trade OTC stocks? - Brokereveiws Financial Community Discussions

Does Fidelity trade over-the-counter (OTC) stocks, and what are the fees attached to this? Do you know if Fidelity has a day trade counter?
www.brokereviews.com www.brokereviews.com
 
I don’t see this as a dead cat bounce. It’s looking more and more likely that we may be able to avoid a deep recession and we have inflation under control. The gravy train is over for some middle managers at large cap high growth tech stocks (Google, Facebook, Amazon, etc.), but overall the economy is very strong. The market could see another 15-20% move up in the next few months but I expect it may cool a bit this summer before taking off again. Now is the time to get back in if you’ve been waiting.
 
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Hurleyman216 said:
I don’t see this as a dead cat bounce. It’s looking more and more likely that we may be able to avoid a deep recession and we have inflation under control. The gravy train is over for some middle managers at large cap high growth tech stocks (Google, Facebook, Amazon, etc.), but overall the economy is very strong. The market could see another 15-20% move up in the next few months but I expect it may cool a bit this summer before taking off again. Now is the time to get back in if you’ve been waiting.
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Credit card debt at an all time high, unpaid car loans at an all time high, earnings down in big sectors, interest rates high, inflation high, national debt to GDP getting worse, housing finally plateaued thru all of this…

If it moves up 20% I’d triple down on a massive recession soon.
 
CTBasketball said:
Credit card debt at an all time high, unpaid car loans at an all time high, earnings down in big sectors, interest rates high, inflation high, national debt to GDP getting worse, housing finally plateaued thru all of this…

If it moves up 20% I’d triple down on a massive recession soon.
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Don’t think you guys fully understand how the markets work…it’s looking 6 months out which means right now in terms of the markets it’s looking at August. The market corrected last year in anticipation of a recession, but the leading indicators of that recession (high inflation and high wage growth) are both coming down significantly.
 
CONN78SEJ said:
No, of course not. Anyone buying stocks now long term (more than 6months) is taking a huge risk. I’m heavily invested now in the TZA and the FAZ (to a lesser extent).
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you wouldn't want to "invest" (i.e. hold) either of those.
 
Hurleyman216 said:
I don’t see this as a dead cat bounce. It’s looking more and more likely that we may be able to avoid a deep recession and we have inflation under control. The gravy train is over for some middle managers at large cap high growth tech stocks (Google, Facebook, Amazon, etc.), but overall the economy is very strong. The market could see another 15-20% move up in the next few months but I expect it may cool a bit this summer before taking off again. Now is the time to get back in if you’ve been waiting.
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As I said a while back it's hard to have a recession with the labor market so strong. Everyone who predicted doom and gloom months ago and had all kinds of expert opinions about the Fed being late to the game was basically wrong.
 
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casual-yardin said:
As I said a while back it's hard to have a recession with the labor market so strong. Everyone who predicted doom and gloom months ago and had all kinds of expert opinions about the Fed being late to the game was basically wrong.
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The Fed was way late and totally blew it. That wasn't wrong. They have now already over-corrected and the only reason a recession is possible is because they are so thick headed and ham handed. They have no patience. Their tools aren't meant to cause rapid changes.

Monetary policy/spending plus war and covid supply chain issues and energy and food supply issues are wildly inflationary. But there are other things going on that are deflationary. If interest rates keep rising they are going to trigger a deflationary spiral and a lot of problems. Unemployment is only low because labor participation is awful.
 
HuskyHawk said:
The Fed was way late and totally blew it. That wasn't wrong. They have now already over-corrected and the only reason a recession is possible is because they are so thick headed and ham handed. They have no patience. Their tools aren't meant to cause rapid changes.

Monetary policy/spending plus war and covid supply chain issues and energy and food supply issues are wildly inflationary. But there are other things going on that are deflationary. If interest rates keep rising they are going to trigger a deflationary spiral and a lot of problems. Unemployment is only low because labor participation is awful.
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'That may not change. COVID may have convinced a large number of the last of the boomers to retire. I'm not sure what that would do to the market, but my guess is they'd be taking less risk from now on.
 
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HuskyHawk said:
Yeah, it's coming back because people started running out of money, probably in part due to inflation. The economists I saw said it wasn't really retirement, but many were younger people (mostly white males) just choosing the increased unemployment benefits and other assistance over going back to work.
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'Pandemic unemployment benefits ended.
 
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