Jump to content
View in the app

A better way to browse. Learn more.

Surly Horns

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.
Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business & Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Advertise... Tailgate Donations

Featured Replies

4 hours ago, Trey3216 said:

Berkshire sold basically half their stake in AAPL.  DAMN 

Yeah and trimming back banks.  If you didn’t think there were enough recession signals before…

  • Replies 18.1k
  • Views 1.4m
  • Created
  • Last Reply

Top Posters In This Topic

Most Popular Posts

  • That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

  • Rusty Shackelford
    Rusty Shackelford

  • I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

Posted Images

5 hours ago, Trey3216 said:

Berkshire sold basically half their stake in AAPL.  DAMN 

Did they just shift to a cash holding or was it rotated to other equity investments?

Edited by swraith

2 hours ago, swraith said:

Did they just shift to a cash holding or was it rotated to other equity investments?

If they’re shifting out of big banks as well, then likely cash.  Didn’t see anything about where the money went.   
 

If they’re shifting out of big banks as well, then likely cash.  Didn’t see anything about where the money went.   
 

f255b9f8ab99e0d4d2a744c30c6fd419.jpg

125edc69c200a8e37fdb45e3696fc1d2.jpg
 

How much has the fed trimmed since QE ended?

image.png.5ed9b5589ce07ce36bfd2a66356a35af.png

Not a great Monday opening overseas. And that after their 5% selloff Friday

1 hour ago, UTGrad98 said:

image.png.5ed9b5589ce07ce36bfd2a66356a35af.png

Not a great Monday opening overseas. And that after their 5% selloff Friday

Remain Calm All Is Well GIF

58 minutes ago, Parliament said:

Things not going well in Japan.

IMG_3847.png

IMG_3846.png

Yep. Bloodbath 

1 crypto market maker shut shop over the weekend and liquidated all their positions. Looks like their drawing down the market is cascading to other participants. 

VIX futures doing incredible things today. Up 60% so RIP short volatility guys. 

But hey…long treasury bonds been healthy 😮‍💨

Sooo like is there any positive news stuffs to pull markets out of the nosedive or is this the great reckoning?

60/40 or risk parity is finally doing its job for the first time in like... literal years.

On 8/3/2024 at 7:39 PM, swraith said:

Did they just shift to a cash holding or was it rotated to other equity investments?

Berkshire always keeps a gigantic warchest. Their cash + short term treasuries (ie very liquid) are the same size as all their stock investments combined. Almost $300B each. 

Warren might go on a discount buying spree soon...

Fun stuff to watch: whether the dept of treasury's financial stress index reaches positive, which defines a state of "stress".  The index is constituted from the 5 colored categories below, 4 of which is starting to get tested.

 

chart.thumb.png.406f7941f9a573d2c20835288a8ebbf1.png

 

And then this is the leverage amount of the 2000+ qualifying hedge funds, which are $150M+ in size.  Higher leverage means stronger amplification of market moves i.e. accelerates volatility

borrowing-by-type-us-dollars.png.bf91fdcfb4c8250b78674b5be8fdb07f.png

Looks like it's going to be ugly again today

4 hours ago, bluto said:

Sooo like is there any positive news stuffs to pull markets out of the nosedive or is this the great reckoning?

Maybe we can get some Brrrrrrt out of this?

27 minutes ago, Mo Horn said:

Looks like it's going to be ugly again today

I’ll be glad if the ugly is confined to today. Not optimistic about that. 

my short position on nvda is starting to approach flat after getting stomped squarely in the dick for a couple of months 🥴

I guess the only bright side is that interest rates will definitely go down next month, and probably again before the end of the year. The question is, how quickly will the market recover back to the recent highs?

200 day moving average for SPY is right at 500. Did not think we would get here so fast. If it goes below 500 and closes below 500 in the next few days, look out below.  450 and 440 are in play

1 hour ago, 52-80 said:

my short position on nvda is starting to approach flat after getting stomped squarely in the dick for a couple of months 🥴

I think you’re about to be in the money!

2 minutes ago, Mo Horn said:

I guess the only bright side is that interest rates will definitely go down next month, and probably again before the end of the year. The question is, how quickly will the market recover back to the recent highs?

Powell doesn't give a shit what happens to the market. He cares what happens to GDP unemployment and inflation. 

Stocks crashing could be a sign that GDP will dip and unemployment will rise, but the speculative prices are so disconnected from reality that it doesn't have a direct impact. 

Just now, immamac said:

Stocks crashing could be a sign that GDP will dip and unemployment will rise, but the speculative prices are so disconnected from reality that it doesn't have a direct impact. 

Gonna be interesting to see what a bunch of finance departments do when line stops going up. Seems like the speculation fever is starting to break

2 minutes ago, immamac said:

Powell doesn't give a shit what happens to the market. He cares what happens to GDP unemployment and inflation. 

Stocks crashing could be a sign that GDP will dip and unemployment will rise, but the speculative prices are so disconnected from reality that it doesn't have a direct impact. 

Fair, but my predictions stand

5 minutes ago, Hefeweizen said:

I think you’re about to be in the money!

LFG ! 🦬🦬🦬

image.thumb.png.7987f1e870d3063566d1cf067287c077.png

Just now, Nice Guy Eddie said:

Wouldn’t shock me if the market ends up positive by the end of the day. 

I think we bounce off the 200 day moving average.  Stocks don't just fall straight down. And Japan has been following our moves from the day before the last 2 sessions. 

5 minutes ago, Nice Guy Eddie said:

Wouldn’t shock me if the market ends up positive by the end of the day. 

global indices are all red so there may be too much of a downward cascading effect

schwab app has technical error right now - cant log on (its been happening quite frequently recently). 

matt levine has a funny bit about how during market distress, people who cant access their account fare off well because it prevents them from panic selling

24 minutes ago, Nice Guy Eddie said:

Wouldn’t shock me if the market ends up positive by the end of the day. 

What are you smoking?!

Can I have some?

if the markets' circuit breakers were signaled by a real life guy

m_nP8M.gif

Just now, UTGrad98 said:

Pretty good bounce off of spy 510 so far. 

if it keeps going, we all owe Eddie a beer

I’m less worried about where today ends than I am where August ends. 

2 minutes ago, 52-80 said:

if it keeps going, we all owe Eddie a beer

Yea 508 was the -10% from all.time high resistance level and I think it hit that in premarket trading. Damn premarket, always gets the cool stuff. 

Which are the strong companies getting trashed today?

I just sold some puts on META and PFE this morning.

Can anyone explain why large cap oil and gas midstream companies are down 3% as a group? Are we really going to use less energy in the next 5 years?

 

1 minute ago, hornmpa96 said:

Which are the strong companies getting trashed today?

I just sold some puts on META and PFE this morning.

Can anyone explain why large cap oil and gas midstream companies are down 3% as a group? Are we really going to use less energy in the next 5 years?

 

Stock market has nothing to do with 5 years from now. 

Dead cat bounces everywhere another "soft halt" from the brokerages. I think after citadel and Robinhood decided it was okay to break your trading product to prevent selloffs brokerages are just doing it on purpose. 

2 minutes ago, immamac said:

Stock market has nothing to do with 5 years from now. 

That’s why I believe there is money to made on days like today. The markets are efficient but only on the longer term.

4 minutes ago, immamac said:

I think after citadel and Robinhood got away with breaking their trading product to prevent selloffs brokerages are just doing it on purpose. 

FTFY

S&P 500 up 1% since the open.  LFG!

31 minutes ago, hornmpa96 said:

Which are the strong companies getting trashed today?

All of them. Lol.

Old economy is looking nice.

Altria prints a fat fucking net margin at a 4x revenue multiple. Coke does a steady 25% margin against steady growth at 6x valuation. 

Both at a slight discount today. 

 

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...
Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business & Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Advertise... Tailgate Donations

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.