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The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Priceless said:
How do I get a job where I can lose $2,000,000,000 and not only keep my job, but get a $23M bonus?
Click to expand...

1) work hard enough to get into an Ivy-caliber business school
2) be politically skillful enough to land choice internships
3) parlay internships into entry-level job at financial firm
4) slog through years of 80+ hour weeks in a cutthroat environment where you consistently outperform your peers enough to become an up-and-comer's protege
5) spend decades doing all the little things necessary to make your mentor look good while getting little to no credit for yourself
6) wait for management turnover/shakeup to get your turn at the top
7) spend 4 years turning your bank into the bank with the largest assests under management, largest overall market capitalization, and largest public stock value.

At that point, you will have done *just* enough to demonstrate to your board that you are worth keeping around in spite of a one-time $2B loss.

It's just so easy. I can't figure out for the life of me why everyone doesn't do it. :rolleyes:
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

LynahFan said:
1) work hard enough to get into an Ivy-caliber business school
2) be politically skillful enough to land choice internships
3) parlay internships into entry-level job at financial firm
4) slog through years of 80+ hour weeks in a cutthroat environment where you consistently outperform your peers enough to become an up-and-comer's protege
5) spend decades doing all the little things necessary to make your mentor look good while getting little to no credit for yourself
6) wait for management turnover/shakeup to get your turn at the top
7) spend 4 years turning your bank into the bank with the largest assests under management, largest overall market capitalization, and largest public stock value.

At that point, you will have done *just* enough to demonstrate to your board that you are worth keeping around in spite of a one-time $2B loss.

It's just so easy. I can't figure out for the life of me why everyone doesn't do it. :rolleyes:
Click to expand...

Not all of us are masochistic enough to do #1. And I don't mean the business school part. :p
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

With the market starting to go on its summer drop, I may need to get money ready and set up some trigger points. I typically do three: 15% position, 25% position, and then the rest at the 52-week low.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
With the market starting to go on its summer drop, I may need to get money ready and set up some trigger points. I typically do three: 15% position, 25% position, and then the rest at the 52-week low.
Click to expand...

hmmm interesting. I'm still riding the euro...it was soft over previous months, but its picked up again. I may switch to stocks here per your suggestion. Any ideas on when the trigger point might happen?
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

LynahFan said:
1) work hard enough to get into an Ivy-caliber business school
2) be politically skillful enough to land choice internships
3) parlay internships into entry-level job at financial firm
4) slog through years of 80+ hour weeks in a cutthroat environment where you consistently outperform your peers enough to become an up-and-comer's protege
5) spend decades doing all the little things necessary to make your mentor look good while getting little to no credit for yourself
6) wait for management turnover/shakeup to get your turn at the top
7) spend 4 years turning your bank into the bank with the largest assests under management, largest overall market capitalization, and largest public stock value.

At that point, you will have done *just* enough to demonstrate to your board that you are worth keeping around in spite of a one-time $2B loss.

It's just so easy. I can't figure out for the life of me why everyone doesn't do it. :rolleyes:
Click to expand...
Or
1) Crawl out of the correct uterus.
2) ????
3) Profit
4) Put your dick in a box.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

5mn_Major said:
hmmm interesting. I'm still riding the euro...it was soft over previous months, but its picked up again. I may switch to stocks here per your suggestion. Any ideas on when the trigger point might happen?
Click to expand...

Typically the drop starts around Memorial Day, but when to pull the trigger depends on the sectors where you wish to invest. Tech, you usually want to wait until the end of September. Retail after the Back to School specials. Oil you'll actually want to hang on until the end of the summer, as the highest EPS typically come then.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

I heard the term Grexit today. They say potential of run on banks. Oh to further short the Euro or not. Could be chasing it.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

When I heard about the regulatory scrutiny at JPM, I was thinking this is over the top. But it shows I have no idea what I'm talking about here:

JPMorgan’s Trading Loss Is Said to Rise at Least 50%

The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses.When Jamie Dimon, JPMorgan’s chief executive, announced the losses last Thursday, he indicated they could double within the next few quarters. But that process has been compressed into four trading days as hedge funds and other investors take advantage of JPMorgan’s distress, fueling faster deterioration in the underlying credit market positions held by the bank.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

5mn_Major said:
When I heard about the regulatory scrutiny at JPM, I was thinking this is over the top. But it shows I have no idea what I'm talking about here:

JPMorgan’s Trading Loss Is Said to Rise at Least 50%

The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses.When Jamie Dimon, JPMorgan’s chief executive, announced the losses last Thursday, he indicated they could double within the next few quarters. But that process has been compressed into four trading days as hedge funds and other investors take advantage of JPMorgan’s distress, fueling faster deterioration in the underlying credit market positions held by the bank.
Click to expand...

It's all OK, because the bank is still expected to post a $4B gain this quarter...well, $3B now...may be down to $2B next week...
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

I hope the Euro and Europe in general does fail. Those jack asses were all high and mighty when the Euro was better than the dollar by something like 2 to 1. Eff them.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

JF_Gophers said:
I hope the Euro and Europe in general does fail. Those jack asses were all high and mighty when the Euro was better than the dollar by something like 2 to 1. Eff them.
Click to expand...

It was never 2 to 1. It was 3 to 2 at best.

Originally, it was designed to be 1 to 1 with the dollar.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Several times when I was in England about a decade ago it was about 1.6 to 1. And I recall seeing it sometime after that at 1.8 to 1.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Well mortgage rates are at an all time low from what I can tell...3.56% on 30. That's a small consolation for today's Greek bath.
 
5mn_Major said:
Could be wrong...but I don't think so. Been watching it pretty close. I think the Flagsters right...about 1.5:1 is what I've seen.
Click to expand...

The banks over there may have been jacking it up a bit, but those numbers were the conversion rate in several European countries. The pound was 2:1 in '08 when I went to Liverpool as well.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

A few fun facts: there are a TON of derivative products tied up in the EU zone right now via products similar to CDOs and CDS. Much like the sub prime crash, we are seeing a major bank starting to show signs of weakness as we are seeing with JPMs trading losses. Could this be the first sign like bear sterns was? Greece is on the way out, and this will inevitably affect the rest of the EU. Due to the inter connectivity of the EU banking system, spain, italy, france and Portugal are not far behind. Its very possible the EU currency might suffer greatly, but with the exposure of american banks to derivatives this means that we might see another similar drop as we did in 2008. Check the books - in some cases like BOA, JPM, Goldman, its estimated their derivative exposure is MUCH higher than their assets ( other major banks don't have quite the leverage), so if these derivatives are tied up in more 'toxic' assets, you can bet that these chains of events will have an effect on banks in the USA, and subsequently our indecies ( DJIA, S&P etc).

Long story short, I am out of equities right now. My retirement fund is all US government bonds at a measly 3%. ****it, I'd rather barely beat inflation than lose half my retirement like in 2008.

On another story, is anyone going to buy FB's first offering? 38 $ per share values the company at 100 billion. It doesn't make that much money. However, neither does LINKEDIN, but it trades at 600 times earnings which is, to say the least, expensive. Gotta love the hype...
 
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