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Wattie

Wattie

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Sam McGoo said:
Looked at my pension yesterday... All in equities by the look of it.
Only options I can change to, that aren't more equities andthat you speak about, is 'Scottish widows cash pension ' or 'sw Blackrock gold and general pension' which by the look of it isn't phisical gold but mining?
Click to expand...
Perfect get into cash!
Sw money market cs1 is the one I’d go for....if it’s there. Black rock is too risky and is a producers fund.
Pm me with your choices and I’ll assist if you like.
 
Wattie

Wattie

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8,640
Fed increases its daily repo to $175Billion!
Ponzi and hopefully everyone can see this for what it is.

“Finally, Bloomberg notes that investors are piling into gold day-after-day as concerns escalate about the impact of the coronavirus, markets gyrate, and rate-cut expectations jump. Holdings in bullion-backed exchange-traded funds expanded 55 tons in the three days to Tuesday, with increases seen both on days when S&P 500 Indexsank, as well as posting gains. The tally stands at a fresh record, and year-to-date inflows already total more than half of the 323.4 tons added in 2019”

 
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MaseratiGent

MaseratiGent

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The premium on lower weight gold coins is increasing vs spot bullion. I.e. a lot of people are buying small gold coins at a growing premium to billion prices.
 
MaseratiGent

MaseratiGent

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The corporate bond market is shut. The increase in credit spreads over governmemt bond yields is faster than at point in the crisis.

It looks like Boeing's survival over than next 6 months is 50/50.
 
Froddy

Froddy

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1,072
MaseratiGent said:
The corporate bond market is shut. The increase in credit spreads over governmemt bond yields is faster than at point in the crisis.

It looks like Boeing's survival over than next 6 months is 50/50.
Click to expand...
Apologies MG, but does the increase in credit spreads explain why there was such a dramatic drop in the TLT (20yr US treasury) etf over the last 3 days? I'm scratching my head trying to work out where the money is going - bonds, commodities and stocks are all down at the same time!

Even the yen has taken a hit:

I'm wondering what Big Money is up to!!
 
Wattie

Wattie

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8,640
MaseratiGent said:
A lot of pension "Cash" choice are actually money market funds (extremely short dated bonds). As there is a manager earning 20-30bps (0.2-0.3%) from the returns they tend to buy **** bonds with 1-4 months or so maturity left. Last time I looked into a "Cash" pension fund it had som subordinated debt, middle eastern bank debt....it was not cash!
Click to expand...
Agreed but they're the lowest volatility choice available in the current scenario.
 
Wattie

Wattie

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8,640
MaseratiGent said:
The premium on lower weight gold coins is increasing vs spot bullion. I.e. a lot of people are buying small gold coins at a growing premium to billion prices.
Click to expand...
Personally I don't touch coins. You're paying a huge premium for someone to stamp a pretty picture on both sides. You want as much Gold as your cash will buy so purchase the biggest bars of .9999 fineness you can afford.
 
Wattie

Wattie

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8,640
Froddy said:
Apologies MG, but does the increase in credit spreads explain why there was such a dramatic drop in the TLT (20yr US treasury) etf over the last 3 days? I'm scratching my head trying to work out where the money is going - bonds, commodities and stocks are all down at the same time!

Even the yen has taken a hit:

I'm wondering what Big Money is up to!!
Click to expand...
TLT’s here

Did Some Macro Fund Get Carried Out Today? | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Late Day Treasury Futs Crash, Sparks Speculation Of Risk Parity Liquidation | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

worst week since Lehman!66632


Investors are now in "Fear" mode.....that is not equity positive.
66633
 
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Wattie

Wattie

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8,640
Deteriorating rapidly. Looks to me like everyone’s seen through the Trump “strong economy nonsense”....

Nasdaq Limit down now!!!!!

And for the cash open tomorrow:

  • 7% limit down (RTH only) : 2546.50
  • 13% limit down (RTH only) : 2382.00
  • 20% limit down (RTH only) : 2190.00
10Y Treasury yields are down 15bps...

66636
 
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Wattie

Wattie

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8,640
rivarama said:
My point is that the market is made of a bid and an ask. Your read of the market is that there’s more bad new to come and hence a stop should be placed to protect you from further downfall. Someone else on the other hand will see it as a mere correction/dip and the bull market will resume.
Nobody can predict what will happen and it’s just a matter of investment decision.
I respect both views. For what its worth I believe there’s more to come myself.

However - the bulk of my networth is invested for the long term, and is responsible for generating an income which will provide for my financial independence in 5-8 years, for the next 40. Therefore I do not want, nor need to try to time the market, but I just need to replicate it.
I am more concerned about being kicked out of the market because of my stops, and then having to reinvest hundreds of thousands of liquidity at a later stage. Which again will imply another decision on timing the market.
Given that nothing guaranties that both decisions (stop and re entry) will be timed perfectly or even correct, I let my portfolio run and replicate the market.

Again - not saying it’s right or wrong - just my investment profile for my financial goals.
On the other hand, i have a fun fund (5% of my NW) which is purely speculative and I do time the market, make bets etc... and this one uses stops and trigger entries of all sorts.
Click to expand...
Please tell me you got out.
 
Wattie

Wattie

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8,640
Wattie said:
DJI below 23432
DAX below 10782
FTSE below 5985
HSI below 21949

Before 13/08/2020
Click to expand...
Not sure you’re gonna make it to the end of the week at this rate Catman. HSI hanging in there 24318, down nearly 4%.

66637
 
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Rwc13

Rwc13

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1,668
The sad thing for me is how many very wealthy people will be taking advantage of this health and economic crisis to further line their own pockets. And all this financial stimulus is just providing the opportunity to make even more money by “shorting” the market and then selling once the stimulus pushes the market back up a little.
 
Wattie

Wattie

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8,640
OMG......are you watching this!
The Ponzi scheme is in full collapse.
Feds added $198 Billlion!

Feds just announce a TRILLION DOLLARS FUNDING!!!!!!!

POOOOOOOONZI!
 
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