https://www.marketwatch.com/story/no-rent-was-paid-in-april-by-nearly-a-third-of-american-renters-2020-04-08 economy is doing great, best recovery ever. Never been more pleased.
Fed will keep rates near zero until economy has ‘weathered’ coronavirus impact, minutes show https://www.cnbc.com/2020/04/08/fed...ook-rates-to-zero-because-of-coronavirus.html I guess rates will stay at zero for a pretty long time
It is always risky to own Chinese stocks, I will still play them though but will just keep my positions small. BABA is still a long term hold for me
We would be a lot lower without the liquidity provided by the central banks, if we rally further from here then just prove that you can’t fight the FED The surge in oil probably fueling this rally a little bit too today
I remember years ago same mess with other chinese company, Harbin Electrical. Around 2011/12 I think. They produced electrical motors and drives, and there was then a huge mess with their books also. I believe that once in a while one rotten apple appears in the basket ...
Well, looks like the short term cup and handle played out. let’s see if the jobs numbers causes the longer term bear flag to play out today....I kind of doubt it will happen but in this market, who knows.
Here during last 5/7 years a great boom happened in real estate, and that helped a lot national economy. There was a great number of vacant or empty houses, great part of them needing urgent repairs and at same time during that period an increased flow of tourism and senior permanent residents (due to tax reasons) started arriving Lisbon, south of the country and even at countryside. That gave a tremendous boost in house rebuilding, urban rehabilitation and sales. Obviously short term renting (four tourists) via airbnb was an "honey pot" very tempting for many people. People used their savings, made loans (morgages) threw banking system, and started buying flats, villas and in some cases doing their rehab. It was good and a golden era for real estate. Prices in big cities and places near the ocean (Portugal has an huge coastal line) skyrocket, people saw their investments increasing value, tourism was paying the loans, everybody happy. Now with COV19 ... Houston we have a problem ...
Good Thursday morning Stockaholics and welcome to a new day, fresh start! Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open- <-- click there to read! Hope everyone in here has a great trading day ahead on this final trading day of the week!
Morning Lineup - 4/9/20 - Corona Friday a Day Early? Thu, Apr 9, 2020 With US markets closed for Good Friday tomorrow, it was looking like Corona Friday was coming a day early this week as US futures were indicating a decline of 1% at the open. Jobless claims were just released and came in at a level of 6.606 million versus forecasts of 5.0 million. That's off last week's record high, but still much higher than expected. Right in sync with the release of jobless claims, the Fed is now just out with an announcement of adding $2.3 trillion in new loans to support the economy. Say what you want, but when the history of this is written, no one will be able to accuse the Fed of not going big. In response to the Fed's announcement, futures have erased all of their declines and are now flat to slightly higher. It was only a week or so ago that we were looking at a situation where there were just about no stocks in the S&P 500 that were overbought, while nearly all of them were oversold. That situation has changed a lot in the last few days. Through yesterday's close, less than 10% of stocks in the S&P 500 were oversold, but at the same time, less than 10% of stocks in the S&P 500 were overbought as well. In other word's right now the market is basically in no man's land.
Short time Lurker, decided to sign up for an account. I'm short on the SP500 and find it fascinating that we just barely popped past the 50% fib from the low we had. Tough to watch the losses climb, but since i didn't sell with a stop-loss, may as well wait a little longer lol.. Makes sense that when the FED chairman says they will print money until they feel it's needed that we would have an up day again...
hmm, i guess this is going to be a V recovery after all...lol. fed and markets cant be stopped right now
Banks strong, tech like AMZN relatively flat. Either banks keep dragging us all higher, or tech starts dragging us down, I think we see the answer in a few hours to set the tone for tomorrow.
