The 10yr is now at 2.377%, down another 3bps. Any idea how fucked this all is?
Any interest? No.
Centene bought Wellcare creating a monster healthcare company Obama would be proud of. I’m not sure if Trump got rid of it or not. Everything he says is sort of a lie — such as “we’re building the wall now” — so I’m just not sure. Any of you fucks have Obamacare?
I knew Obamacare was rotten the day it was announced and healthcare stocks went up. Someone has to lose on these deals. Apparently, it was us.
Futures are soft, gold is stable, and yields are plunging lower again. If stocks were incredibly weak, I’d venture to say markets are pricing in a soft economy — but stocks have been okay. In other words, I don’t know what the fuck is going on.
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Every day more money flows into the hands of people who know better than to spend the majority of it, and it gets socked away.
Well, my penny worth believes that it will be a weak year-end for stocks unless there is a “Black Swan” event that sends everyone into a panic. Then it’ll be a big drop for stocks. Corporations, Banks, etc. are hoarding cash.
Gold might benefit but I don’t really understand Gold further than my previous post.
1. It is currency in TPLCs
2. It survives intact after being drowned in the Ocean for 100 yrs.
3. It’s difficult to store and transport in large amounts and has very high purchase and exchange rate fees if you want to use in a country with a stable fiat currency,
If I’m wrong, let me know.
p.s. I LOVE gold jewelry. So if anyone wants my number to send me some, I may consider giving it to you.
Irma- smart money sees gold as a trading vehicle. They take advantage of the peeps who see it as something more.
Gold is a trade, never an investment.
It’s an investment if you happen to make money off it. Blackmarket or Gold stocks?
You get more leverage by buying the gold miners. NUGT is a triple leverage ETF. Very wild to say the least, its bite can be very bad.
A novice may want to go with GDX or gold. Personally, I don’t hold physical gold…but I do have some silver coins ’cause I think they’re cool.
Edge,You made me smile. Thanks.
p.s. My brother the Archangel collects coins, Someday I’m going to swallow the $300 or so for the minting and buy him an uncirculated Buffalo.
I get your point. Well said and a good reminder.
Fly- the fact is that the billionaires have more money than than have any use for so they invest it. The demand for investable assets is too high so prices keep going up. Despite the fact that everyone but billionaires is being ripped off, these economies are fairly stable since consumers are too weak to excessively drive demand, effectively ending the boom-bust cycle.
To me it’s not so much a question of the end of an expansion as it is when things will slow enough that the “E” doesn’t justify the “P” and the billionaires start holding cash. Hard to say since this is uncharted territory.
Edge, you don’t believe that the collective billionaires are not already hoarding cash? You just contradicted yourself in your first sentence and fourth sentence if I counted the periods correctly.
Possibly a contradiction, but they apparantly aren’t holding enough of it to cause the markets to come down. Maybe they put in just enough to keep it from coming down?
I know that sounds a little conspiratorial but I think manipulation is becoming obvious at times. Another wild card.
Edge, I agree it’s possible.
Master Fly & Edge, What would happen if a bitcoin currency were backed by gold? In other words; a new gold standard.
It will never happen
Dr. Fly, Thank you for the response.
Dunno. Maybe it would just be an under-the-radar gold ETF?
Edge, interesting response. I will ponder this. Thanks.
Commander Fly, Obamacare worked great for me the first 2 years then I was electronically raped by BC/BS when they took a lump sum of $7,000 out of my checking account without warning or discussion; apparently the ACA bureaucracy didn’t hold up their end of the bargain and did not notify me either. Lesson learned: Never give permission for something or someone to tap your checking account for payment. I paid my end of the deal to BC/BS; however, the ACA beurocrats were not paying their end of the deal. I did not know this was happening and foolishly I gave BC/BS permission to tap my account on a monthly basis for approximately $300 (my end of the deal). October 2014 they took a lump sum of approx $7,000 w/o notifying me beforehand. I still don’t understand how this was legal considering I only agreed for BC/BS to tap my account monthly for approx. $300.
Either you have run afoul of the income guidelines or they made a mistake. Either way, ouch.
E, Thanks for the sympathy. Really. I did run afoul of the income guidelines, I didn’t make any money that year. I had stopped day and swing trading and I was living off my gains. But they could have notified me of it and we could have made a more reasonable deal.
btw, I notified my state insurance commission, my politicians (all of them), only one lawyer returned my calls and he wanted $2,500 up front (yea! like I was going to add insult and additional injury) I called the ACA repeatedly (no help), and a specialist at BC/BS looked into it and called me back. Come to think of it, I should have contacted someone at our local and Philly newspapers but I didn’t think of this at the time. My head wasn’t in a good place before it happened. Damn.
The safety nets are strewn with holes. If a smart person like yourself can fall through, imagine what it’s like for someone not smart.
My wife and I see it all the the time, we have helped many who need the help navigate the system. They could never do it on their own or maintain it on their own. Sorry to say, but in your case you’re SOL. You have to have income to qualify.
Fly, very strange indeed. At the open, my SPY puts AND calls are both up, along with TMH.
In the age of Trump, confusion reigns.
Options are prices based on three things:
1) how close the strikes are to the market value of the underlying security
2) days to expiration
3) volatility.
If the first two don’t cahnge much, then a large rise in uncertainty could cause the volatility to spike, thus cuasing both pouts and calls to increase in value.