[Macros]

Citadel were the main culprits and benefactors.
Borrowing and loaning out 100k btc

[Malankazooie]

3/4 of 1%. Oh my, better strap in for a rough ride.

[Azath Vitr (D'ivers]

Malankazooie, on 15 June 2022 - 06:02 PM, said:

3/4 of 1%. Oh my, better strap in for a rough ride.

Fed apparently leaked it ahead of time, so it was already largely priced in (if not excessively priced in) by the time the announcement was made.

Already did two rounds of tax harvesting recently, so I mainly just did some rebalancing... before the announcement. Even bought a little Ethereum.

[Azath Vitr (D'ivers]

(Usually ETFs are better than individual stocks, and dividends are (all else being equal) bad (because when the dividend is given out, the stock declines by the same amount---so it's like being forced to sell at regular intervals instead of when it's best to (even if you reinvest them, it adds inefficiency and transaction costs), so you don't get to choose when to pay taxes on them, and you also can't subtract capital losses for tax purposes---and in some cities (like Philadelphia) dividends are taxed but long term capital gains are not).

When the market's going up, ETFs (with low ER) are generally more cost efficient because they avoid capital gains tax when they rebalance. But (with the exception of the few 0 expense ratio ETFs---which may not remain 0 expense ratio forever) the added expenses are a drag versus individual stocks; and in a bear market ETFs actually become generally less tax efficient, since capital losses during rebalancing can be deducted from taxes (and carry over to future years, when (eventually (hopefully)) you will have gains again...).

And companies tend to be reluctant to reduce their dividend, especially when they're still taking in good profits. So dividends can provide a decent cash stream while being (except in extreme edge cases that are vanishingly unlikely) immune from the distortions of the stock market. Good if there's a bear market but the company is actually doing well... though if the company can no longer afford to maintain the dividend it will have to lower it (for example, if sufficiently impacted by a recession...).)

'Nearly 70% of the economists surveyed believe that the [US will officially enter a recession ...] at some point in 2023, with 38% predicting that a recession will start during the first two quarters of that year, and 30% forecasting an official start in the second half.'

Recession is likely in 2023 majority of economists say, according to new survey | Fortune

This post has been edited by Azath Vitr (D'ivers: 15 June 2022 - 06:41 PM

[Cause]

I am taking losses, Nothing out of the ordinary given the pressures of the moment but it hurts to look at. Hopefully we will see it all abck in the recovery.

[Malankazooie]

Musk pulls out. Which based on news headlines of late is uncommon.

[Cause]

Malankazooie, on 09 July 2022 - 12:08 AM, said:

Musk pulls out. Which based on news headlines of late is uncommon.

Predictable. Whole thing seems to have been down to a manic episode. He even offered 54.20 a share. Which was a very expensive joke. Honestly he should be investigated. He seems to get a kick out of the fact that his tweets/jokes can rock the market

[Azath Vitr (D'ivers]

'no quick recovery in sight for stocks and bonds [...] according to strategists at BlackRock [...]

[...] war in Ukraine and supply bottlenecks from labor shortages will keep the pace of price growth elevated. Central banks will tighten policy until the economic pain forces them to shift direction and live with inflation. [...]

[...] retains its long-term bullish view on equities, but has gone underweight developed-market stocks in the near term as the risk of stalling growth rises. Investors should bet on credit instead, because valuations have improved and default risk is contained[...]

Despite the surge in yields, BlackRock remains bearish on government bonds [...] High inflation and high debt levels [...] mean investors will demand greater compensation to hold this type of asset[...]

[...] BlackRock sees some pockets of value in government debt. It favors inflation-linked bonds, especially those issued by European nations, and it turned overweight UK sovereign debt [...] Both are mispriced by the market [...]

The UK economy looks weaker than its peers [...] BOE will therefore avoid being too aggressive in trying to bring inflation down.

“We could go back to the volatility seen in the 1970s,” [...] “This regime is not necessarily one for ‘buying the dip.’ Policy will not quickly step in to stem sharp asset price declines.”'

BlackRock Warns Against Dip Buying as High-Volatility Era Dawns (yahoo.com)

IDK how strong that BOE prediction is though... or how long those supposed 'mispricings' will last.

[Malankazooie]

Oh just lovely.

https://www.wired.co...n-data-privacy/

Upside is I guess you'll never be out of toilet paper, because when that little guy makes a pass through the bathroom and sees the bare cardboard on the spool, an auto purchase will be sent. Also, I've a feeling cats are going to figure this out and it will be nothing but premium tuna fish and heavy cream for them from now on.

[Azath Vitr (D'ivers]

LOL I cashed out of my only 'meme stock' (Bed Bath and Beyond) when it shot up to $23 today (and plateaued), and now it's at $27. Had thought of keeping a little in there just in case, but I invested so little in it to begin with that it's barely worth the bother. Analysts recently concluded the stock is worth $1.

[Edit: short squeeze has already started....]

This post has been edited by Azath Vitr (D'ivers: 16 August 2022 - 03:55 PM

[Azath Vitr (D'ivers]

'As the Short Squeeze in Bed Bath & Beyond (BBBY) Continues, Ryan Cohen's Ultra-Bullish Bet on the Stock Does Not Sound So Outlandish Now

[...] Bed Bath & Beyond shares are now up an astonishing 181 percent relative to the stock's year-to-date low (closing price) of $4.60 on the 26th of July.

[...] Bed Bath & Beyond shares are likely in a short squeeze[...]

[...] the stock has topped the charts when it comes to mentions on the WallStreetBets Reddit forum over the past 24 hours. It was also the top-mentioned ticker symbol last week.

[...] demand for Bed Bath & Beyond call options[...] is literally off the charts at the moment.
[...] GameStop's Ryan Cohen [...] had disclosed a 9.8 percent stake in Bed Bath & Beyond back in March 2022. Crucially, Cohen also purchased 2023 call options on BBBY shares, with strike prices ranging between $60 and $80. For reference, the stock closed on Friday at $12.95 per share. While these bullish bets had appeared outlandish back in March, given the ongoing short squeeze in BBBY shares, it remains within the realm of the possible that Ryan Cohen's call options enter the in-the-money territory. Even if that does not occur, any rally that takes the stock above $30 – which was the stock's rough price level toward the end of March – will result in outsized gains for Cohen on the back of the increase in these options' intrinsic value.'

As the Short Squeeze in Bed Bath & Beyond (BBBY) Continues, Ryan Cohen's Ultra-Bullish Bet on the Stock Does Not Sound So Outlandish Now

This post has been edited by Azath Vitr (D'ivers: 16 August 2022 - 03:59 PM

[amphibian]

Azath Vitr (D, on 16 August 2022 - 03:54 PM, said:

LOL I cashed out of my only 'meme stock' (Bed Bath and Beyond) when it shot up to $23 today (and plateaued), and now it's at $27. Had thought of keeping a little in there just in case, but I invested so little in it to begin with that it's barely worth the bother. Analysts recently concluded the stock is worth $1.

[Edit: short squeeze has already started....]

Getting out with a good sized profit beats trying and failing to properly time the peak. After a certain point, you're trading the time + work or stress of following what's happening + feelings about it for money and I'd rather just walk away with a good guess than do all that.

[Azath Vitr (D'ivers]

'The filing that triggered the short squeeze revealed Ryan Cohen’s investment fund RC Ventures had maintained his percentage ownership of Bed Bath & Beyond and held on to his bet that the price of shares in the home goods retailer would increase to $80.'

Bed Bath & Beyond shares jump as much as 78.8% after legendary meme stock investor’s latest bet

'Ryan Cohen sells his entire stake in Bed Bath & Beyond'

RC Ventures files for right to sell stake in Bed Bath & Beyond (NASDAQ:BBBY) | Seeking Alpha

[Macros]

Some big brands leaving twitter for advertising.
Delicious