Down goes the Dow

agip wrote:

I'm really interested in emerging markets. They are handling the pandemic better, and with a falling dollar they should be able to manage their dollar-based loans better.

3 month returns:

VTI (US total market): +18.26%

VWO (Emerging markets); +24.5%

But longer term the US is doing better.

I keep seeing conflicting narratives on emerging markets so I'm staying out of it personally.

As for PRPL and why it's getting so popular - this is one of the goofiest recessions ever. Luxury and high end items are flying off the shelf. I'm really excited for some great books that should be coming out in 5-10 years by economists and policy makers that will have a better understanding than me.

Trump is going to take a piece of Tik Tok hurting MSFT ?

Kowa-Bunga gente wrote:

Not to be confused with Bunga Bunga gente. Gente here, now in San Diego, escaping the Texas heat. Glad to see you lads are back discussing finance. Drove from Williamson county Friday AM, stopped in Tucson that nite, and arrived in SD Sat afternoon. Decided to check in on DGtD; WTF Aunt Jemima. Reminds me when two weeks ago I saw Paw Patrol trending on twitter. That was like 2 Xmas ago for my grandchildren and now I have that damn theme song playing in my head.

Over a fourteen year period we made the drive from Texas to Santa Monica most Christmas vacations. Whether it was from Brenham, Kingsville, or McAllen the approximate half-way point where we spent the night was Las Cruces (700 miles). Are we there yet?

Airlines taking off this morning. So volatile. Like the banks, their share prices really took a hit.

Hey idiot, did you wear a mask in Finland? Was anybody there even talking about covid?

Maserati wrote:

Hey idiot, did you wear a mask in Finland? Was anybody there even talking about covid?

Seems like a lot of people around the world don't really care anymore. Germans were going hard against masks as well.

Just goes to show that the US isn't the only one struggling to keep order and put out a consistent message.

I know a bunch of 60-70 yr olds in Denmark and they think they are the sh!t. No masks, no distancing, nothing, and in typical Danish fashion they mock those places that do, and assume their typical stance of self-appointed security.

Works for them, they are all doing well, and a few have health conditions. Most of the talk, as usual, is about how stupid everyone else is.?

Sorry, superiority—not security.

“A agree with 98% of what Igy writes, except for the part where he treats the Fed influence as a hypothetical instead of something that really happened. In an alternate universe the markets have already crashed, just not in the real one.“

The Fed buying corporate bonds, or the threat to, encouraged investors to buy the same. That action may have slowed the time line of a company’s failure, but it cannot stop it. It is obvious that the Fed has influence, the question becomes one of permanence. Driving investors into a speculative frenzy appears to be a reckless policy, ethically and socially. I don’t buy the view you quickly put the genie back in the bottle.

Where I live, masks are mandatory in indoor public spaces and now also crowded outdoor spaces. If you want to walk around in the old centre, it’s with a mask or not at all. Finland was not like that at all, and I expect they will get an outbreak like Australia is fighting now.

We were in Rome about three weeks ago and masks were everywhere, and everyone was taking it seriously, if maybe young people a little less so.

We shall see in Iceland tomorrow... I expect similar to Finland, except you have to submit to a test at the airport to be granted entry, and if you stay ten days or longer (we will be there just ten days) you have to take a second test between days 4 and 6. On entry in Finland there was nothing, not even a contact tracing form with the airline. They are playing things much too fast and loose for my taste...

Vikings. Oaths to Oden and Valhalla!

Ghost of Igloi wrote:I don’t buy the view you quickly put the genie back in the bottle.

No me neither. But meanwhile, there has been an opportunity. When will it fizzle out? That’s a question for the philosophers...

Enjoy Iceland.

https://twitter.com/LizAnnSonders/status/1290594801491091456

Racket wrote:

agip wrote:

I'm really interested in emerging markets. They are handling the pandemic better, and with a falling dollar they should be able to manage their dollar-based loans better.

3 month returns:

VTI (US total market): +18.26%

VWO (Emerging markets); +24.5%

But longer term the US is doing better.

I keep seeing conflicting narratives on emerging markets so I'm staying out of it personally.

As for PRPL and why it's getting so popular - this is one of the goofiest recessions ever. Luxury and high end items are flying off the shelf. I'm really excited for some great books that should be coming out in 5-10 years by economists and policy makers that will have a better understanding than me.

I think higher income people aren't as affected in this recession at all. It's probably benefiting them more. Getting to work from home, getting same income, but no commuting expense or not as much eating out. So spending money on outdoor adventures like RVs, or camping things. Spending money on Peloton, nice mattress, or on new MacBook.

I can see mattresses as I think that's a thing that people will put off as it's a huge hassle to having to change out a mattress and also to pick the right one. However, since people are home, it's not a big of a hassle to wait for delivery and setting up their new bed.

It is crazy how much PRPL is going up though. I bought a lot at around $7.50. Sold half of my position at around $20 thinking that was a good move since I didn't think it'll still keep climbing. But I feel like now it's picking up even more as there are bunch of Reddit threads on PRPL so more people are jumping in.

Annual Report:

Looks like from filing 75% of the stock owned by insiders. Perhaps another “lipstick on a pig” narrative. May produce a great product, but lookIng at financials appears to be just another speculative stock where years of growth are already priced in.

My rule of thumb for stocks like that is to sell it the second it shows up on wallstreetbets and not a moment later

PRPL man wrote:

I can see mattresses as I think that's a thing that people will put off as it's a huge hassle to having to change out a mattress and also to pick the right one. However, since people are home, it's not a big of a hassle to wait for delivery and setting up their new bed.

This is actually a good point. People are doing the annoying housekeeping and improvement stuff they otherwise don't have time for - changing mattresses (PRPL), home improvement (Lowe's and Home Depot)...

What's something else people hate doing and would do only when they get really bored? Find the luxury version of it and start investing