MARKETS,Anybody even yet?

[FAA]

Only one person can stop this J Powell. Don't stop raising rates this selling will not stop till markets hit 0.
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He'd rather stop inflation. That's still combustible level hot, so investors will continue to get burned.

[dinghy]

I agree 100% on crash market looking over the cliff right now, sell and get short

I'm pretty comfy with my long positions. When someone mentions crash, I mainly think about keeping enough settled cash on hand for purchases. Right now that's about 2% of assets, which should be adequate for all but the worst dislocations. If I need more than that, I can sell short-duration Treasuries and wait 2 days for settlement.

These were my top equity purchases today:

- GDXJ Jr Gold Miners
- YPF
- VEA Intl Developed Markets
- EPOL Poland
- FLKR South Korea

I also added bonds in forced moderation. At one point late in the session, TLT was outpacing stocks with a loss exceeding 4%. I bought VGLT which is basically the same, and continued accumulating VWOB.

[FAA]

Comfortable with maybe half of my long term positions. Portfolio heavily leans tech. Learning more about their cherry picked companies each day. A lot of this may well turn rotten.

[dinghy]

Comfortable with maybe half of my long term positions.

I'm not comfy with my cost basis. But that's water under the fountain. I bought some things too early.

Btw, Bitcoin is extending the losses, now priced at 21.2k. Down >25% since Friday. US stock futures are shrugging it off, so far. No major reaction from gold.

[olds442jetaway]

Took a big risk yesterday by adding to pru. Holding for now. No more sqqq unless we get another bounce in the market. Cd rates are moving up and when the Fed gets done with us, they may be the better game in town for now. I have no crystal ball. I suspect when the Fed hikes with limited success on inflation, they will accept at least 4 percent annual inflation as the new norm. Good score BR on the buy. I have some what I call scraps or small batches of funds and stocks that are leftovers from prior trades I will be selling them before year end to offset the 2 gains from sqqq and clean up my portfolio. Tax return will be a Royal pain this year
Cds for one year through Fidelity are 2.3 and rising. Most of my vp will be taking a back seat. Can’t afford the losses there and in the market as well. I suspect except for the younger bar crowd, the casinos will be dying soon. They are going to lose that 200 bucks a session from the local who have to buy gas, food, and rent. People already have cut back on long drive casino trips. More loss of business to come I suspect. My state will be crying from a loss of free casino revenue and little cap gains to tax this year from people. Of course, then they will raise our taxes again or try to. Bankruptcies and huge credit card debt coming and more demand for free stuff from uncle and the states. That’s about it. My take anyway

[FAA]

I suspect the casinos will be dying soon.
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What a timely observation. Behold yesterday’s biggest losers.

[olds442jetaway]

One last thing besides China sword rattling which isn’t helping and Ukrainian grain rotting at the docks. Wholesale prices up again. I guess we would expect that. . The other night I could have played virtually any machine I wanted at Mohegan/Bizarro. Almost empty.

[dinghy]

Took a big risk yesterday by adding to pru. Holding for now. No more sqqq unless we get another bounce in the market. Cd rates are moving up and when the Fed gets done with us, they may be the better game in town for now.

PRU is less of a risk now than it was at the higher price.

VGSH is far superior to CDs imo. Yield now approaching 3.5% at the 2 year Treasury duration. And I believe you get a write-off on state taxes.

I'm amused that people are panicking because we may be repeating the 1970s, but they're selling gold which was huge in the 70s.

[dinghy]

Wholesale prices up again. I guess we would expect that. .

If I saw correctly, PPI missed on the low side. Big increase, but less than expected.

[olds442jetaway]

This generation isn’t used to seeing this. My first mortgage in 1974 was 9 percent and I was glad to get it. Shortly after with more Jimmy, explosion which would have hit 20 percent if t wasn’t finally stopped. History of course has a way of repeating itself. Let’s hope not to the above extent. This administration has nearly 2 more years without much I’m afraid damage control available.just hit the news, Huge record breaking unsustainable NYC budget