• Breaking News

    Monday, March 2, 2020

    US futures open & down substantially: S&P -77/2.5% | Dow -670/2.5% (6pm ET) Investing

    US futures open & down substantially: S&P -77/2.5% | Dow -670/2.5% (6pm ET) Investing


    US futures open & down substantially: S&P -77/2.5% | Dow -670/2.5% (6pm ET)

    Posted: 01 Mar 2020 03:01 PM PST

    RT Quotes here:

    https://ca.investing.com/indices/indices-futures

    "Live updates" on the markets here:

    https://www.cnbc.com/2020/03/01/markets-sunday-live-updates-awaiting-stock-futures-open.html

    EDIT: As of 10pm ET, Dow futures up +305!

    China CSI up +3%, most since June 2019.

    submitted by /u/__justsayin__
    [link] [comments]

    Bank of Japan "will take necessary steps to stabilise markets jolted by the coronavirus" in case you are wondering why futures are green now

    Posted: 01 Mar 2020 07:48 PM PST

    Global Market Watch: Shanghai Exchange up 3% as of 04:00 GMT; Hang Seng up 0.8%; Nikkei 225 (Japan) up 1.5%; South Korea exchange up 1%; US Futures up ~0.5%

    Posted: 01 Mar 2020 08:07 PM PST

    There could be an inter-meeting FED rate cut TODAY before open

    Posted: 01 Mar 2020 10:25 PM PST

    Fed fund futures are PLUNGING tonight. All down more than 10 bps (a huge move).

    March is saying the effective rate will average 1.05% for March. It is currently 1.58%.

    Only way that happens is the Fed cuts tomorrow morning.

    Since Jan 2001, all inter-meeting Fed moves come between 60 to 30 minutes before the NYSE open.

    The market expects them to cut tomorrow morning (s/b 50). Yields plunging (10-yr 1.03%!)

    If they do not cut tomorrow morning, -13 S&P fut (opened -60) could quickly be -124.

    Source: https://twitter.com/biancoresearch/status/1234289721897050112

    submitted by /u/Jiecut
    [link] [comments]

    Italy unveils €3.6bn stimulus to tackle coronavirus

    Posted: 01 Mar 2020 09:42 AM PST

    Disney's Parks, Experiences & Products division is almost 40% of revenue...

    Posted: 02 Mar 2020 01:33 AM PST

    ...which is bigger than their streaming, direct-to-consumer and their entire studio (movie production) businesses put together.

    So much media focus on the launch of Disney+, which brought Disney 30 million paying subscribers in just a few months. But, 30m @ $7 a month works out at around $2.5bn a year, or just under 4% of Disney's revenue.

    Just a friendly reminder if you're buying Disney solely for the streaming exposure...

    "Know what you own and know why you own it" (Peter Lynch).

    Source: https://www.chartr.co/newsletters/disney-parks-and-recreation

    submitted by /u/chartr
    [link] [comments]

    Need to park 100k in a fidelity no fee index fund.

    Posted: 01 Mar 2020 07:08 PM PST

    I don't need the cash for 5 years. Knowing what you know today, what fund would you choose and when would you go in? I think there's more downward pressure to come but the 5 year horizon makes me think just buy and check it in 5 years Edit: Fix the years.

    submitted by /u/JT_Marlin
    [link] [comments]

    My parents frown upon me trading and investing on the stock market even though they invest in 401K's for retirement. What's the best way to explain to them that there's nothing wrong with stock trading?

    Posted: 02 Mar 2020 12:18 AM PST

    As the title implies, I've been having a difficult time explaining to them how the stock market isn't this "evil entity" with its only purpose being to make you lose money. Even though I actually show them how I'm making money through a few shares, they still frown upon it like I'm selling illegal drugs or something.

    I know that this is probably not really something that should probably be posted or asked here, but I thought I'd give it a shot since this community has always been pretty helpful.

    submitted by /u/Str8DV8
    [link] [comments]

    Ray Dalio bet 1.5B market would drop by March last November

    Posted: 01 Mar 2020 09:38 PM PST

    What interesting things did you learn about yourself from the past week?

    Posted: 01 Mar 2020 10:56 PM PST

    Let's all talk about what we learned this week.

    I learned that I really, really, really should maintain a contrarian stance, to counter my own stupid optimism and the endless droning about "there'll be a dip, but things should end up positive by the end of the year" I kept hearing on Bloomberg.

    After so many times before being at ATH and saying, "You know, I really should put realistic trailing stop losses this time," at least for the stocks I wanted to exit from at some point in the future, I once again let my sappy optimism say "just a little more."

    Though I lost a lot in my stocks this week, I happened to have sold all my China stocks before all this happened, and also had a bunch of cash in the form of short-term bonds which are doing okay. It's kept me from going into a deeper funk.

    I learned I need to be more proactive with my stocks, which I probably won't be, but whatever. I'm happy to be a "buy and hold investor" most of the time, but times like this just suck.

    submitted by /u/peterinjapan
    [link] [comments]

    iBio Info Dump

    Posted: 02 Mar 2020 01:39 AM PST

    iBio was built in 2010 with funding from DARPA

    https://ir.ibioinc.com/press-releases/detail/120/ibio-and-cc-pharming-initiate-joint-development-of

    "There's a vaccine that might protect against the new coronavirus stored in a freezer in Texas. The vaccine was developed in the early 2010s, by a team led by Peter Hotez

    https://slate.com/technology/2020/02/coronavirus-vaccine-possibility-sars-wuhan-research.html

    Peter Hotez collaborated with iBio to PRODUCE a potential vaccine candidate for human hookworm disease

    https://www.businesswire.com/news/home/20110526005402/en/iBio-Announces-Successful-Production-Critical-Hookworm-Vaccine

    iBio is the only facility in the U.S. that has the ability to produce vaccines at the rate at which it can produce them.

    https://alphastocknews.com/ibio-ibio-stock-heres-why-its-running-upward/2646/

    BlackRock Inc. reports 3,894.19% increase in ownership of IBIO / iBio Inc.

    https://fintel.io/so/us/ibio/blackrock

    Kenneth Dart, # 320 on Bloomberg 500 Richest People, keeps buying shares of iBio's stock.

    https://sec.report/Document/0001408408-19-000014/

    https://www.streetinsider.com/SEC+Filings/Form+SC+13DA+iBio%2C+Inc.+Filed+by%3A+DART+KENNETH+BRYAN/14970488.html

    https://investorshub.advfn.com/boards/read_msg.aspx?message_id=114139074

    IBio is on the WHO list of CORONAVIRUS COVID-19 vaccine candidates (page 3, first on the list)

    https://www.who.int/blueprint/priority-diseases/key-action/novel-coronavirus-landscape-ncov.pdf?ua=1

    submitted by /u/canon619
    [link] [comments]

    S&P 500 (VOO)

    Posted: 01 Mar 2020 08:28 PM PST

    I'm new to investing. But I've been told that investing in the index is good long term. So I've started buying shares of voo in my retirement fund. I'm 29. What are some pros and cons to continually doing this?

    submitted by /u/tforzro
    [link] [comments]

    Whats wrong with investing in leveraged ETFs long term - is 'decay' really that bad?

    Posted: 01 Mar 2020 11:52 PM PST

    I am considering something like UPRO long term (3x S&P 500 ETF)

    I get people say due to decay that leveraged ETFs don't do well and are short term instruments only. I have heard this advice many times

    But in practice it doesnt seem this way to me - UPRO has returned 2000% + since 2010, other leveraged ETFs like TQQQ have similar patterns

    I get its been a bull market the last 10 years, but even then there have been plenty of ups and downs and this decay doesnt seem obvious to me, it seems to 'destroy' the S&P 500 in performance (?are there any examples of how leveraged ETFs performed during and since the GFC or other stock market crashes?)

    Maybe if there is another huge crash 50% plus things might change with these ETFs, but even then since the market gaIns on average long term, can't we expect it to eventually recover?

    submitted by /u/NecessarySide7
    [link] [comments]

    Hopes of stimulus allows FTSE et al. to start March with sharp, potentially premature, rebound

    Posted: 02 Mar 2020 02:28 AM PST

    Naïve as it may be the markets sharply rebounded on Monday morning. Whether or not the gains can last the session, however, is another matter entirely...

    There is plenty of reason why Europe should be in the red. The coronavirus death toll has crossed 3000, including the first 2 deaths in the US. New York State has reported its first case of the illness. Australia has announced its first 2 cases of local transmission. There have been sharp increases in the number of cases in South Korea and Iran. On Saturday China posted two horrendous PMIs, with the manufacturing figure at 35.7 and its services counterpart at 29.6, alongside a terrible Caixin manufacturing reading of 40.3 on Monday morning. The list could go on.

    Yet, looking to justify buying at bargain prices, investors have clung onto the wave of stimulus statements that appeared over the weekend. Friday night saw Jerome Powell rescue the Dow as he claimed the Federal Reserve would 'act as appropriate to support the economy'. Italy, currently the worst hit country in Europe, unveiled a €3.6 billion package to combat the economic impact of the outbreak. And this Monday the Bank of Japan said it would 'strive to stabilise markets and offer sufficient liquidity via market operations and asset purchases'.

    This has been reason enough for the markets to start March in the green – though they were likely looking for any excuse to do so after suffering their worst week since the financial crisis. The commodity-heavy FTSE led the way, climbing 2.8% despite airlines IAG and easyJet still being in the red. The DAX and CAC, meanwhile, were both up 1.7% respectively, with the Dow Jones tentatively pencilling in a 375 point bounce when the bell rings on Wall Street.

    What may dictate how the rest of the day goes is the updated manufacturing PMIs – namely if they are significantly revised from the flash readings posted in February.

    Beyond that, wave after wave of negative headlines regarding the coronavirus itself will test investors' confidence in this rebound – a few more deaths in the US, for example, could seriously undermine the week's green start.

    submitted by /u/praetserge
    [link] [comments]

    G7 to Take 'Concerted Action' to Limit Coronavirus Growth Hit - French Finance minister says

    Posted: 02 Mar 2020 12:31 AM PST

    "There will be a concerted action. Yesterday I spoke with the G7 president, the U.S. Treasury Secretary Steven Mnuchin, and this week we will have a meeting by phone of the finance G7 ministers to coordinate our responses," Le Maire told France 2 television.

    "We must act so that this impact that we know will be important on growth, be as limited as possible," he added.

    Can the G7 take concerted action to save our portfolios? What do you think?

    https://www.reuters.com/article/us-health-coronavirus-lemaire/g7-to-take-concerted-action-to-limit-coronavirus-growth-hit-france-idUSKBN20P0TS

    submitted by /u/Ganymede_222
    [link] [comments]

    Anyone believe if this virus doesn't cause a recession then there won't be one for a long time?

    Posted: 01 Mar 2020 01:25 PM PST

    There's been talk about global economy worries before the virus and potential recession without it. So if this virus doesn't cause one what could?

    submitted by /u/RogerCabot
    [link] [comments]

    Thoughts on MSFT

    Posted: 01 Mar 2020 08:20 PM PST

    Just wondering were you see it going?

    submitted by /u/MakoShark-The-Beast
    [link] [comments]

    What are the best books to learn about investing??

    Posted: 02 Mar 2020 02:34 AM PST

    Why were stock prices so high in early-mid February?

    Posted: 02 Mar 2020 12:15 AM PST

    I came across some money on February 19, yes, that February 19, and decided to put it in an aggressive mutual fund in hopes of gaining 5% over the next year. I was informed about the virus, but I didn't even see the Wuhan quarantine blip because the market bounced right the hell back. From casually reading about COVID-19 for an hour, I could tell a pandemic was probable, but stocks were going up.

    I considered staying out until everyone's infected in 6 months, but then I realized I have no clue about market reactions. Surely there were more intelligent people who already did the math, right? Well, I lost 10% when the obvious happened, and China failed to contain 80,000 infected people. So now I'm wondering if traders are actually idiots, or if there's some other reason prices were crazy high in February, relative to the late January dip. Is there any reason to believe prices won't just keep falling as more people get infected?

    submitted by /u/xOFlyYl7
    [link] [comments]

    Etoro vs Interactive brokers for investing in stocks and ETFs

    Posted: 01 Mar 2020 11:35 PM PST

    Hi all, beginner investor here, since I live in the UAE I have no access to Schwabs (unless I commit an obscene amount of capital) or Degiro, so my question is between Etoro and Interactive brokers, which one should I choose if I'm interested in long term investing in stocks and ETFs?
    Since I don't plan on rebalancing my portfolio/trading often, I figured Etoro would be wiser because IB has an inactivity fee of $10/month unless you spend $10 in commissions.
    Also, I have some q's I'd appreciate any insight into:
    1) Overall, in terms of fee, which broker is less expensive? does IB have their fee baked into their spreads too? I know they charge a small fee on any trade executed.
    2) If I'm a non-US/UK resident, will I get taxed on earnings / dividends on US/UK domiciled ETFs?
    3) For both IB and Etoro, is there a fee on dividends on stocks and ETFs + any other earnings?

    Hugely appreciate any help, cheers!

    submitted by /u/surrender_thepink
    [link] [comments]

    Gaming industry and coronavirus panick

    Posted: 01 Mar 2020 12:43 PM PST

    So far all gamedev companies in Poland (Cd Project, 11b, ten square games all so called 'small gamedev) tumbled 15%-30% for no reason except just cause virus. I understand all other kind of busineses but is gaming industry really in jeopardy? In worst case scenario people shouldnt be staying at home gaming/netflix? US gamedev company seem to be very virus proof so far comparing to others, what do you guys think will next for gaming industry and virus escalation? I have a feeling 2 3 day and and these stocks will be back on its feet or am I wrong here?

    submitted by /u/GamersGen
    [link] [comments]

    Book recommendations on stocks and investing

    Posted: 01 Mar 2020 06:21 PM PST

    I'm 28 years old. I have a 401K (Fidelity) and stocks from work soon to vest. I'm searching for reading material to gain some knowledge. I have no idea where to begin. I don't even understand the mix recommendation for my 401K. I appreciate any insight given.

    submitted by /u/fenyxdlex
    [link] [comments]

    What's going on with PE ratios?

    Posted: 01 Mar 2020 01:35 PM PST

    I was searching for a PE ratio for some airline stocks, but every f*cking source says something else.

    For example, for Wizz Air, SimplyWallStreet says it's 6, LSE that it's 8.5, Google Finance suggests a figure of 9.67, while Yahoo Finance insists that it's actually 12.

    What the hell? Do they all calculate it differently? Please, help a newcomer understand this mess.

    submitted by /u/Matous_Palecek
    [link] [comments]

    HELP! Why is a positive increase in a USA 10-year yield bond displayed as red but negative decrease is in the green.?

    Posted: 02 Mar 2020 03:40 AM PST

    Every time I watch bloomsberg when they mention a e.g. USA 10-YEAR YIELD ^ 0.06 is red but when its USA 10-YEAR YIELD v 0.06 it is green? Usually when something decreases it is red and increases it is green.

    If anyone knows what I mean please help

    submitted by /u/Think-Contract
    [link] [comments]

    No comments:

    Post a Comment