• Breaking News

    Wednesday, May 6, 2020

    Stock Market - Today marks the 10-Year Anniversary of the Flash Crash

    Stock Market - Today marks the 10-Year Anniversary of the Flash Crash


    Today marks the 10-Year Anniversary of the Flash Crash

    Posted: 06 May 2020 06:21 AM PDT

    WHAT is going on with NAT

    Posted: 06 May 2020 07:16 AM PDT

    Nat stock has been steady declining for about a week now from its high on April 28 at $7.0 per share till today where the stock is trading at $5.10. It shed about 35% of its value just in a week which is something that concerns me since I am a share holder. The stock has been discounted well now to even think of pulling out my money from it. Nuts!

    I believe NAT is going to preform well following a week or two, and the reason i'm saying that is because oil prices are still very low, demand hasn't picked up and it's not going to pick up quick. It might takes weeks or months.

    Cutting production was the right move to stop the market from over floating, and it's working but it takes time to use and get rid of all stored oil in tankers. This is only if all OPEC+ members kept their promise and kept the production cut. There is literally no way of stoping a country or a firm from pumping oil. It's only an agreement based on faith with the Russians, Saudis, and desperate Texas oil rigs.

    What i'm trying to say is I don't trust all OPEC members to actually follow through the set limits of how much they can produce

    On the other hand you have NAT the not so hot stock brought a return of 135% from last year and that concerns me. It can be once in a life time chance to just cash out with incredible return.

    submitted by /u/bassamok
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    Bud earnings

    Posted: 06 May 2020 07:21 PM PDT

    Anyone know what time Bud will announce earnings. I'm seeing a press release at 1am New York time and the earnings call at 9am. I'm sitting on a bunch of shares and am sweating bullets.

    submitted by /u/robp1976
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    Metaphors are always the best to give an explanation about something abstract or complex, I hope this helps you out my friend.

    Posted: 06 May 2020 03:33 PM PDT

    Once upon a time there was a very peaceful village and a man named Pepe(our main character), lived in the outskirts of the village.

    One afternoon, Pepe went for a walk and he felt thirsty; When he returned home, he opened a bottle of wine, and while he was drinking wine, he realized something,

    something that nobody had ever realized: there were no bars in the village, not a single bar. Pepe thought that if he opened a bar, he could make others happy by pouring them drinks,

    and that he could even make some money.

    He felt happy with the idea of opening a bar. That afternoon, his friend Moncho dropped by his place and gave him a great name for the bar, and everyone knows that when an idea gets a name, it begins to take off.

    Pepe made a list of what he needed to open the first bar in the village, he realized he needed to buy tables, chairs, glasses, paint and a tethering post so his clients could tie up their horses and get into the bar; He did the math, and all of that should cost him around 10,000 coins. Of course Pepe didn't have 10,000 coins, because he was poor, but overnight he devised a way to get those 10,000 coins.

    He cut a thousand little pieces of paper, and he wrote on each one of them "Coming soon: Pepe's Bar."

    He wrote that a thousand times. The following Sunday, after mass, he went to the village square in his best suit, and he told everyone there:

    "Dear neighbors, I'm opening a bar in the outskirts of the village."

    Everybody looked at him. Some said, "Great idea!". Pepe felt very happy with everyone's attention, and then he showed the thousand pieces of paper in his hand and said

    - This is important dear reader -

    Pepe said, "Each one of these little papers costs 10 coins."; The neighbors looked at him. "The person who buys one of these has to keep it because in one month, when I open my bar,

    I'll pay 12 coins for each little paper you give back to me." There were whispers all over the square.

    Moncho, who was the village fool, asked,

    "Wait Pepe! The little pieces of paper only cost 10 coins. Why would you give away two extra coins?"

    Pepe said, "It's not a giveaway, it is compensation. I'll compensate with two extra coins those who help me accomplish my dream of opening a bar."

    The mayor came up front and said, "It makes perfect sense! Well done, Pepe!"

    Ernesto, who was rich and knew about business, said, "I think it's a great idea."

    Father Ricardo, while pulling some coins from underneath his cassock, said, "That's a very Christian idea! I want some of your little papers."

    And everybody started buying Pepe's little papers. In such a simple way and in only one morning, Pepe got the money to open his bar. Pepe sold all 1,000 little papers among all neighbors.

    "I bought two," said Sabino, who was poor but optimistic.

    "I bought 36," shouted Quique, who was greedy and arrogant.

    Pepe returned home with 10,000 coins in his backpack and fell asleep thinking about his dream of opening a bar.

    The following day was a Monday, and Pepe traveled to town and bought wood to build a counter and bought some paint. He went back home and started working. He didn't set foot in the village square for the following four weeks.

    That Monday, the square was very crowded, much more than on an ordinary Monday. Many neighbors had spent the whole night cutting their own little papers because they had also realized that they had projects that they couldn't accomplish due to a lack of coins.

    Some little papers said, "Coming soon: Horacio's ice cream parlor."

    Other little papers said, "Soon: Carmen's beauty salon."

    And there were even little papers written by Moncho, with misspellings, that said, "By the end of the month, I'll get you to the Moon."

    Suddenly, people were climbing the streetlights so that other people could buy their little papers. They were climbing the water fountain to trade little papers for coins.

    Tuesday was even worse, and on Wednesday, it was so crowded that it was impossible to walk on the village square.

    The mayor, in order to keep order, had to facilitate a space in the Town Hall for the neighbors to gather and exchange the papers without destroying the square. That place was inaugurated Thursday and was given the name of "The Little Papers Hall."

    So by Friday, everyone who had a project had obtained the necessary coins, and they had started working. Horacio was buying milk, cream and ice for his ice cream parlor. Pepe was sawing wood for his bar. Carmen was sharpening scissors for her upcoming beauty salon, and Moncho had bought two skinny horses to get people to the Moon.

    In The Little Papers Hall there was only a group of neighbors left, the ones who had never thought about any interesting projects. The only thing these neighbors had were little papers made by other people. One of them, Ramón, complained out loud

    "Geez!" he said, Now I need coins for cigarettes, and I don't have any. A few days ago, I traded my last 10 coins for a little paper, and now I need to smoke."

    "Same with me," said Luis. "I want to go see a movie, but I can't."

    The complaints were getting louder until Sabino, who was clever, held his little paper in the air, and he said,

    "Let's see, guys.In three weeks, Pepe will pay 12 coins to whomever has this paper that I bought for 10 coins. I'm selling my little paper for eight coins right now!"

    Everyone looked at him and said, "Oh!" "It's a deal!" said Ernesto, who was rich but wanted to be richer, and he snatched the little paper from his hands for eight coins.

    Ramón and Luis also sold their little papers for less than 10 coins, and while one went looking for cigarettes and the other to the cinema, the other neighbors saw that this was a new way of doing business even though they had never come up with an original idea. Some of them got on the chairs and tables. They started offering all they had, and even Father Ricardo came sad from the church and said,

    "Dear friends, when Moncho was selling his little papers, I, as a good Christian, bought a few because he's a fool. Now, Moncho is selling them for 7 coins, and he says he'll repay 20 coins. But he's a fool, and he wants to get people to the Moon. I now need coins to fix the belfry, and nobody wants to buy his little papers."

    "Sorry, Father Ricardo," everybody said, "we can't buy them. That guy's never going to the Moon."

    So the downcast priest left with Moncho's little papers. That was the first time in many years that nobody would help him fix the church.

    And so the first week went on...

    ***second week***

    Pepe's house no longer looked like a house, it looked like something else. There was a wooden bar in the dining room. The bathroom was divided in two: one for ladies and one for gentlemen. The walls were half painted in navy blue, and Pepe was thrilled with his progress.

    Since Pepe hadn't been to the village yet, he didn't know that everyone's life had turned into a huge mess, with little papers coming and going with different prices and owners. Even the mayor, after talking to his assistant, decided to jump on board.

    One Tuesday morning, the mayor spoke from the balcony with a megaphone

    "Neighbors, the square was destroyed during the little papers' frenzy. I need to raise funds to repair the damaged streetlights, to repair the water fountain and to buy me a motorcar. From now on, I'm selling 1,000 government little papers."

    "How many coins?" asked Sabino.

    "No coins!" said the mayor,

    "My little papers cost one horse. When the water fountain and the streetlights are fixed, and I have bought me a motorcar, I'll pay two horses for each little paper. The government little papers are now for sale. Buy them before it's too late!"

    The mayor's little papers sold out in record time. Everybody in the village gave their horses to the mayor, and from that day on, all the chores were done on foot. In the meanwhile, the trading of little papers was still rising, and there weren't enough pencils to write down who owned what. Some little papers were very sought out, like Pepe's, who worked day and night building his bar.

    But other little papers were unwanted, like Moncho's, because his device for getting people to the Moon, for the moment, was only a wagon and two horses. Nobody believed that it'd ever take off.

    Ernesto, the rich neighbor who had bought many little papers during the first week, now wanted to get rid of Moncho's little papers. Since he also had Pepe's little papers,

    he came up with a great idea that he called "Ernesto's packages." These were packages with 100 little papers of all colors. For example, there were 10 of Pepe's little papers on top, 20 Horacio's ice cream parlor little papers in the middle and 70 little papers of Moncho's lunar project at the bottom, where nobody would see them.

    By the following Thursday, Ernesto's packages were a huge hit among the neighbors who madly sought out Pepe's little papers or the mayor's. But Friday, Quique found out about the scam and said:

    "Beware! Be careful, neighbors! Ernesto's packages sometimes have Pepe's little papers or the mayor's on top and that's fine, but at the bottom there's plenty of Moncho's papers,

    and that guy is never ever going to get anybody to the Moon. So before you buy his package, seek my advice. I charge two coins for each piece of advice."

    From that moment on, every buyer consulted Quique before buying any package from Ernesto. Ernesto and Quique, who had been friends for many years, never spoke to each other again.

    This is what went on the second week.

    ***third week started***

    Some of the projects were almost completed, while others were just getting started. Pepe's just needed to nail the tethering post so the horses could rest outside the bar. Horacio had managed to blend milk and fruits for the ice cream, and just needed to bring ice blocks from town. But Carmen was still looking for a nice venue for her beauty salon although she had dozens of sharpened scissors.

    And what can we say about poor Moncho? His horses looked sadder and skinnier, no matter how much he brushed them. It didn't look like his device would fly anytime soon.

    The neighbors that had Moncho's and Carmen's little papers were nervous, and they couldn't sell them to anybody until Quique came up with a great idea. He said:

    "Hey! If you still have Moncho's little papers, don't worry. I can sell you 'Quique's Peace of Mind' for those little papers."

    "What's that?" asked Sabino, who had a lot of Moncho's little papers.

    "Very easy," said Quique.

    "If you have Moncho's little papers, you pay me two coins every night until the end of the month, and if Moncho can't get people to the Moon, I'll pay the 20 coins Moncho promised."

    "Even if he fails?" asked everyone.

    "Even if he fails!" said Quique.

    "Great idea!" said Sabino.

    "That way we'll feel much safer, and we can buy more little papers from the village fool."

    "That's why I call it Quique's Peace of Mind," said Quique.

    And many neighbors began to pay Quique two coins every night to insure Moncho's project. Caught up in the frenzy of these new ideas, no one in the village realized that the mayor had neither fixed the streetlights nor the water fountain. He had only kept one part of his promisehe had fled the village in a motorcar.

    That's all he'd done. And the only horses left in the village were Moncho's. The mayor had taken all the other horses.

    The assistant, the mayor's right hand, who knew all about the scam all along, decided that nobody should know that his boss had left. And his idea was magnificenthe brought a blackboard into the Little Papers Hall, and he started grading each project from one to ten. He gave an eight to Pepe's Bar, a five to Carmen's beauty salon, and a seven to Horacio's ice cream parlor. He gave a two to Moncho's Moon vehicle and, as if it was no big deal, he gave a 9.5 to the mayor's village square renewal project.

    "What are those numbers?" asked Sabino.

    The assistant said, "Those are the probabilities of completion of each project.

    It's for you. I'm only trying to help."

    This was what went on the third week.

    ***fourth week***

    When the fourth week came along, and the month went by, Pepe got up very early, and he peacefully walked to the village. From a distance, you could see his bar facade shining with the brand new luminous sign. The bar was called "The Moon," as Moncho had suggested. Now he only had to wait for the neighbors to arrive, dying for a drink.

    Pepe walked the 10 miles to the village, nailing signs to every tree beside the road "The Moon Bar. Open every night." Each time he nailed a sign, he would move back

    and stand proud staring at the sign.

    However, when he got to the village square, he couldn't figure out what was going on. He thought he had made a wrong turn, and that he was in a different village. It looked like a war had broken out. The streetlights and the fountain had been destroyed. There were no horses in the streets. The neighbors were walking in circles talking to themselves.

    "What happened?" Pepe asked Horacio as soon as he saw him.

    "Oh! Pepe!" said Horacio crying,

    "Oh, Pepe. Everybody went crazy with the little papers, with mine, Carmen's, yours, everyone's. All of a sudden, there were more little papers than coins. The mayor ran away. Later on, there were no more coins. Then the horses disappeared. The guys selling Ernesto's packages went broke. Quique's Peace of Mind resellers couldn't pay anyone, so they ran away during the night. We are ruined, Pepe."

    "And your ice cream project?" asked Pepe,

    "What about Carmen's beauty salon?"

    "My project was a fiasco," said Horacio,

    "There are no horses to go to town for ice, so the ice cream melts. Carmen doesn't have any customers. Everybody is pulling their own hair out. No one needs a haircut."

    Pepe was speechless. He couldn't believe what he'd heard. Then Horacio said:

    "Dear God, I need a drink."

    And Luis said, "Me too. My throat is dry."

    Sabino asked, "Pepe, did you open the bar you were building or not?"

    And many others approached him, asking about the bar.

    Pepe then realized that without horses no one could ever get to his bar in the outskirts of the village. He also realized he could never repay the 10,000 coins he had borrowed. Then he saw, in the middle of the square, Moncho.

    Moncho's two skinny horses were the only animals left, and they were pulling three wagons with two wheels each, like a train. Many neighbors were getting on the wagons, while many others were waiting in a long line.

    "Moncho," said Pepe, "where are all these people going?"

    And Moncho said, "Where do you think?

    To your bar! To The Moon."

    Pepe saw a sign hanging from the broken water fountain that said, "Moncho gets you to The Moon. Departure: one coin. Return: Free."

    "But Moncho," said Pepe, "did you know that everyone would lose their horses?"

    "No," said Moncho, "I only knew one thingI know anyone can ride a horse to the bar, but no one can ride it home if they're drunk. Since I don't drink, I thought I could take folks to and from The Moon."

    Then Pepe hugged Moncho. He got into the first wagon and shouted:

    "Everybody to The Moon! Drinks are on the house tonight."

    And everybody jumped in the wagons and clapped.

    Reader, my friend, be careful, because in the real world, the stories about Pepes who want to open bars, or the stories about Monchos who want to get people to the Moon, stories that no one understands, are almost always projects that don't have happy endings as in children's stories.

    Because people like Quique, the mayor, Ernesto or the assistant show up, and they always ruin everything.

    But when one of these projects does work, when something magical happens and those projects turn out fine, they are called "dreams," and people who like to take advantage of others will use these cases to scam you.

    submitted by /u/arcioneo
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    Stock Watch List May 6, 2020

    Posted: 06 May 2020 05:45 AM PDT

    Good morning, Here's the watch list

    Gap Ups: ADPT, ATVI, BYND, CVS, ENPH, GSX, HZNP, LPSN, MELI, MESO, SPCE, TGTX, VAPO,

    Gap Downs: MAT, PINS

    Hundreds of stocks have reported earnings between last night and this morning but very little reactions so far pre market. SPY sitting inside yesterdays range in between the 200 day moving average and the 50 day moving average, could be setting up for an inside day. Some strong moves recently but trading has been a bit choppy so I will be focusing mainly on earnings plays and stocks with catalyst, only trading the best setups. Good luck trading

    submitted by /u/Kant_sleep13
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    Why on Earth is the stock market up?

    Posted: 06 May 2020 06:48 AM PDT

    Can anyone explain like I'm a five year old why the stock market doesn't seem impacted by Covid? It's now at levels close to February although it's hard to find any trace of optimism in the real world with so much unemployment, massive decreases in industrial production, etc.

    submitted by /u/costin_77
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    Found 1 share of “American Telephone and Telegraph Company” purchased by my deceased father in 1979. Worth anything today?

    Posted: 06 May 2020 10:01 AM PDT

    Exactly what the title says. My dad purchased 1 share from the "American Telephone and Telegraph Company" on 2/12/1979. Is this worth anything today? How do I even go about looking into something like this?

    submitted by /u/tricksandkicks
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    Thoughts on Uber

    Posted: 06 May 2020 07:16 PM PDT

    I bought a couple puts on uber a few days ago with a strike price of 30. I thought with the layoffs, the expect revenue to be horrible due to COVID - 19, but it surged in the after market.

    Any thoughts on how this had so much support to climb that high after market?

    submitted by /u/tyrnvalo
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    Best free tools

    Posted: 06 May 2020 07:06 PM PDT

    I just started trading a couple weeks ago and I have started learning about graphs such as MACD, EMA, RSI, etc. I got this app called "Stock Master" and it seems to have a lot of great tools but is a little confusing. Anyways, I was wondering if there's any good free tools I can take advantage of for trading? Thanks

    submitted by /u/rossScag
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    Thoughts on base camp trading?

    Posted: 06 May 2020 07:00 PM PDT

    His price action video helped me a lot and so I thought about buying his course. It's going for less than $10 for the first month. Does anyone have any experience with this guy?

    submitted by /u/anonporfavor
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    I’m new so some help would be greatly appreciated

    Posted: 06 May 2020 03:10 PM PDT

    Hey guys, I'm very new to the stock market and decided to throw some money in now with everything seeming to be so low. I threw in a little over $2500 and was wondering what people thought about my portfolio so far and was seeing if anyone had some advice for me? Thanks!

    XOM ~ 26%

    AMD ~ 21%

    C ~ 17%

    MPC ~ 14%

    GE ~ 8.4%

    HAL ~ 6.9%

    F ~ 5.9%

    submitted by /u/Project-Health12
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    Today's Watchlist: 5/6 Stabilizing Markets

    Posted: 06 May 2020 04:17 AM PDT

    Market Notes:

    The Fed continues to maneuver to support the markets. The VIX continues to fall nearing 30 in a positive sign for the bulls.

    Oil keeps moving up, also a good sign for the bulls.

    Markets opened up yesterday and held the gains most of the day but slipped right near the close, you can pick a reason if you want but there was no major event driving the selling.

    Bitcoin is holding above $9,000 this morning as Argentina is slipping into crisis. Still watching for a breakout above $10,500 before I buy again.

    Futures are positive this morning, I'm still bullish. Always ready to have my mind changed.

    Watchlist:

    LPTH is a multi-day lowish float runner, resistance at $2.60

    TORC is a lowish float, watching for a setup above $1.80

    NLS is a lowish float in consolidation, watching for a breakout above $6.75ish

    PRTS another lowish float, resistance is at $3.75

    CWBR is moving on light volume with COVID-19 news, watching for a setup above $4

    VRML on watch for a continuation

    MVIS still going crazy on with rumors flying, key resistance in the $1.80s

    submitted by /u/tradingforkeeps
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    Stocks trading rookie looking for advice

    Posted: 06 May 2020 05:09 PM PDT

    Hi , I have a question on PUT options , I bought 200 oil options for 1.75$ and now the value has dropped to 0.20 $ , the strike price is 12$ , normally I sell prior to expiry date , it's expiring soon , should I let it expire and exercise the contract ?

    submitted by /u/astroboy270
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    Fractional Shares App Ireland

    Posted: 06 May 2020 04:58 PM PDT

    Hi. I've looked online and I can't seem to find am app that allows me to trade fractional shares in Ireland. By looked online, I checked the app store and did a Google search.

    Anyone able to suggest one that's decent.

    Thanks.

    submitted by /u/JohnDoc91
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    UBER| Uber to cut 3,700 full-time jobs; CEO to waive base salary

    Posted: 06 May 2020 07:48 AM PDT

    The company said the layoffs included its customer support and recruiting teams, and expects to incur about $20 million in costs for severance and related charges.

    Uber and rival Lyft (LYFT) have already withdrawn their full-year financial outlooks as demand for app-based rides dropped sharply across the world after governments imposed stay-at-home orders to curb the transmission of the coronavirus.

    But Uber, which operates in more markets around the world than Lyft, could recover some lost revenue with its food delivery business.

    On Monday, Uber's Middle East business Careem said it was cutting 536 jobs this week, representing 31% of the Dubai-headquartered company's workforce.

    Lyft will report its quarterly results on Wednesday after market hours and Uber is expected to report earnings on Thursday.

    [Source: Reuters found via Beeken io]

    My thoughts

    I've been pondering about this for a while and I'm finding it hard to think of ways where I would feel confident being in an Uber or any ride share during or even as lockdown eases. It's a tricky one, how do you get all the drivers to re-jig their cars with safety features (Plexiglas between driver and passenger? can't imagine that). I'm expecting this one to keep tanking.

    What do you think?

    submitted by /u/RR_Davidson
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    About MSFT and MVIS merge/buyout

    Posted: 06 May 2020 03:12 PM PDT

    Any ideas is this will help Microsoft stay green tomorrow , is being 3 straight days of green and I'm debating if it will push 84 or start to revert back to 79

    Any thoughts on this for end of week

    submitted by /u/jhon0214
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    Please help

    Posted: 06 May 2020 01:26 PM PDT

    I been throwing my money away i feel like after i sell the shares after say 3 days of pecentage losses then it goes up above what i bought for can any one give me solid advice about what stocks are going to have the biggest gains and possibly what to invest in an how much

    submitted by /u/lilwike
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    I'm having trouble understanding valuations

    Posted: 06 May 2020 09:30 AM PDT

    I don't fully get how

    Amazon is worth 1.1 trillion. There stock price is 2,300

    Apple is worth 1.3 Trillion. Stock it 300

    Microsoft is worth 1.4 Trillion. Stock is 180

    Tesla is worth 150 billion. Stock is 800

    McDonald's is worth 130 billion stock is 180

    So I partially get that some stocks have been split over time and more shares have been added.

    I also get that tesla stock went parabolic and may only be worth 250 a share to many people.

    But my over all confusion. Is how to value a company or their future.

    Like MSFT and MCD both worth 180/share but one is worth 1.4T and one is worth 1.4B ?

    It makes me think Tesla can hit 1 trillion dollars and the stock price will be either 200 or 2000 dollars

    Is this how you'd say tesla is over valued. Like. Its market cap is 140 B so it should be worth 180/share fair value?

    submitted by /u/lucky5150
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    Options play question: Using massive long position to protect premiums on written calls ?

    Posted: 06 May 2020 12:20 PM PDT

    Is it possible to obtain a large position and then write calls and suppress SP during times of consolidation/accumulation(sideways movement)? Say you are long 5m+ shares on a stock with a 500 million float and an average volume of 5m, would it be possible to write calls and use your existing shares to step down SP as needed to protect your premiums ?

    submitted by /u/Squared2Cubes
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    New, and very interested in the stocks. Advice?

    Posted: 06 May 2020 12:09 PM PDT

    Hello, I'm just starting to watch the stock markets. I started just 2 months before the big drop relating to the virus. I pulled out most of my stock as the crash was happening and now I see stock going up again. I am not looking to buy anything due to how uneasy this "pattern" is I was just curious of everyones opinion on the future.

    I have only have a few stocks but I am interested in learning and expanding. I am looking for interesting, slow but steady. I have GOLD, MMM, and QDR.

    I'm looking for a way to possible build funds for retirement. I don't feel extremely confident but I want to learn and grow.

    submitted by /u/Craysion
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    How’s the Weed Industry?

    Posted: 06 May 2020 11:59 AM PDT

    I'm a new investor! I wanted to get you guys' insight and views on where the Weed Industry stands right now. I would like to invest in Weed but i dont know if its the right time... Any companies I should start looking into?

    submitted by /u/yourboyypabloo
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    Day Ahead and Sentiments for 6th May 2020

    Posted: 06 May 2020 07:38 AM PDT

    DAY AHEAD

    The Bank of England (BoE) meets tomorrow. Having already slashed rates to almost zero and restarted QE, BoE is unlikely to do any more for now. But it will still have a tough job on its hands, as its new economic forecasts will try to estimate the depth and length of this unique recession.

    Sterling's reaction though may depend mainly on the comments of the new Governor, Andrew Bailey. From a risk-management perspective, Bailey probably has more incentive to maintain a dovish tone and hint that his central bank is prepared to do much more if need be. Anything short of that could trigger a sizable rebound in sterling and a tightening of financial conditions, which the BoE likely wants to avoid.

    Overall, the outlook for Sterling seems challenging. In the near term, Britain is one of the few major economies that haven't announced an opening-up plan so far, and the longer things stay shut, the bleaker the outlook for the economy. Longer-term, Brexit worries could come back to haunt the currency, as PM Johnson insists that he won't request an extension to the December deadline for the transition period, setting the stage for more eleventh-hour negotiations, brinkmanship, and drama ahead.

    SENTIMENT

    OVERALL SENTIMENT:

    Trump tones down his anti-China rhetoric, and asset markets regained the positive tone. However, while risk assets were enjoying a good day, the German courts finally delivered a ruling, in a lawsuit that started 5 years ago, that ECB's indiscriminate bond buying is beyond its mandate. So, the German Central Bank now has to stop participating in the program unless ECB can prove in the next 3 months that the policy is delivering the monetary effects it is supposed to and not just monetising the debts of governments.

    This caused weakness in the EUR but small sell-off in risk did not last. However, it is a theme that needs to be watched going forward.

    submitted by /u/trackrecordasia
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    What do you guys think? Possible to create a systematic strategy to replicate Buffett?

    Posted: 06 May 2020 11:05 AM PDT

    https://www.cnbc.com/2020/05/06/what-warren-buffetts-portfolio-would-look-like-if-he-were-a-quant.html

    IMO, at least, it should be possible since we know what the Oracle likes to look at...the question is whether we can replicate the types of returns he has experienced over time.

    r/PersonalInvesting/

    submitted by /u/HAL9000_Was_Right
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