Financial topics

[aeden]

http://gdxforum.com/forum/viewtopic.php ... arp#p25896

I was off by 50 weeks or so.

[aeden]

http://gdxforum.com/forum/viewtopic.php ... 690#p25880

yes bought at 20 for the long sleep....

https://www.youtube.com/watch?v=-EYN6147oPM

yes they shorted it into extinction

[Higgenbotham]

Asked whether information about the pandemic exercise reached the president-elect, a former senior Trump administration official who attended the meeting couldn’t say for sure but noted that it wasn’t “the kind of thing that really interested the president very much.”

“He was never interested in things that might happen. He’s totally focused on the stock market, the economy and always bashing his predecessor and giving him no credit,” the person said.

https://www.politico.com/news/2020/03/1 ... mic-132797

Monkeys flying 747s.

[John]

** 19-Mar-2020 World View: Crisis

> Asked whether information about the pandemic exercise reached the
> president-elect, a former senior Trump administration official who
> attended the meeting couldn’t say for sure but noted that it
> wasn’t “the kind of thing that really interested the president
> very much.”

> “He was never interested in things that might happen. He’s totally
> focused on the stock market, the economy and always bashing his
> predecessor and giving him no credit,” the person said.

> https://www.politico.com/news/2020/03/1 ... mic-132797

> Monkeys flying 747s.

When you post material like this, just keep in mind that Politico, NY
Times, Washington Post, NBC News and CNN no longer even pretend to be
reporting political news. Instead, they're simply reprinting DNC
press releases and soon it will be Joe Biden's press releases. These
organizations are fully committed to defeating Trump and will say
whatever it takes.

As for the Politico claims that you quoted, I actually follow these
issues closely and watch the daily press conferences and interviews,
and I can assure you that the Administration, including Trump, are
scared to death about this crisis, and are totally focused on it.

[Higgenbotham]

** 19-Mar-2020 World View: Crisis

As for the Politico claims that you quoted, I actually follow these
issues closely and watch the daily press conferences and interviews,
and I can assure you that the Administration, including Trump, are
scared to death about this crisis, and are totally focused on it.

To say Trump was "totally focused on the stock market, the economy and always bashing (whoever)" is pretty accurate (when he wasn't playing golf, tweeting, etc.). And, by extension, the rest of the statement seems accurate, though there are limitations on how much impact a US administration could have on the outcome of a lethal virus. A response to something that comes out of left field can always be better. Cutting back on his golf game time and his twitter time would have helped (Nero fiddled).
https://trumpgolfcount.com/
http://www.trumptwitterarchive.com/
And being interested in being proactive in the event such a thing were to happen would have helped too. From observation, his interest is not in being proactive on such things, consistent with the statement.

There are several ways Trump could have handled the stock market bubble that would have resulted in a better outcome. The first and most obvious principle he could have followed was "do no harm". He didn't and in fact did just the opposite. He could have recognized back in 2017 that the stock market was in a bubble and not done things like corporate tax cuts to blow the bubble up bigger. He could have not pressed the Fed to cut interest rates and do "not QE" last year at the top of the bubble. He could have said negative interest rates are a bad idea instead of saying, "Give me some of that." Instead, he went for the biggest bubble he could possibly go for, which is consistent with how he has handled his "business", which is really just a lifetime spent betting on a bigger and bigger bubble in real estate. Going further, Trump could have actually done things in the first year of his administration to begin to slowly defuse the bubble and prevent some of the pain that is now surely coming. He could have put curbs on corporate buybacks. He could have dialed back deficit spending slightly instead of increasing it, or even increased it more slowly.

[John]

** 19-Mar-2020 World View: Bashing

> To say Trump was "totally focused on the stock market, the economy
> and always bashing (whoever)" is pretty accurate.

How do you know that's accurate? Did you read it in an article
somewhere, or hear someone say it on tv?

[Higgenbotham]

As for the etf the 52 Week Range is $11.68 - $18.35
I will open a modest position as before with pslv 52 Week Range $4.44 - $7.19

I took half a position in the ETF this morning at about $11.30. This is long term. Would have preferred PSLV but it's at a premium this morning. Tried to get some PSLV yesterday afternoon with bids under the market on a possible shakeout at the low but wasn't successful. That may be a sign the low is in. It would seem reasonable that smart, patient players would take PSLV from discount to premium at the real low (unlike last year).

[Higgenbotham]

** 19-Mar-2020 World View: Bashing

> To say Trump was "totally focused on the stock market, the economy
> and always bashing (whoever)" is pretty accurate.

How do you know that's accurate? Did you read it in an article
somewhere, or hear someone say it on tv?

Trump is absolutely obsessed with the stock market in a bad way. He's constantly talking about the stock market to the press, on Twitter, you name it. It comes out of his own mouth or off his Twitter.

Likewise with the bashing. He's obsessed with his perceived friends and his perceived enemies and his definition of that is quite fluid. Whether it be Megyn Kelly or Jerome Powell or even other world leaders, bashing is how he spends his time. It comes out of his own mouth or off his Twitter and it's obsessive and constant.

234 tweets with "loser".
http://www.trumptwitterarchive.com/arch ... 20~~closer

Random sample:

To the people of South Carolina, Tom Steyer is a joke, laughed at by everyone, a total incompetent. He made money in coal, now he “hates” coal. Did you see him fawning over Crazy Bernie? Has no chance, a loser for South Carolina, doesn’t deserve your vote!

[aeden]

https://www.cnbc.com/2020/03/16/who-con ... n-air.html

The program trade triggered for pslv two day ago and sold it on uptick.
Settlement date: 03/19/2020

Long SLV
Order Type: Bought

Contact Customer Service
Account: Brokerage - xxxx
Trade date: 03/17/2020
Settlement date: 03/19/2020
Security: SLV

[Higgenbotham]

The program trade triggered for pslv two day ago and sold it on uptick.
Settlement date: 03/19/2020

Long SLV
Order Type: Bought

Contact Customer Service
Account: Brokerage - xxxx
Trade date: 03/17/2020
Settlement date: 03/19/2020
Security: SLV

Good move. I agree. I think we may see lower prices in the next 2 months but I would put the probability at less than 50/50. Still, I will wait for it. A dip back in the next 2 months toward the low can probably be bought with more confidence than catching the falling knife this week.

If the S&P breaks through 2440-2460 this afternoon and makes a big short covering run into the close, I may short small there for a trade. No position right now.