May 6May 6 22 minutes ago, horn4life said: So any of you guys trimming your SPY positions after that nice run up? Or or you staying pat long? You just want me to say, so you can take the other side. Amirite?
May 6May 6 7 minutes ago, Wally Fairway said: You just want me to say, so you can take the other side. Amirite? Yesterday I would have been smarter. But any sort of record move in anything, sort of says you should trim a bit, yes? And a few folks are starting to pull guidance...
May 6May 6 8 minutes ago, horn4life said: And a few folks are starting to pull guidance... I pulled your mom's hair to provide guidance.
May 6May 6 Bought some BRK-B at the end of the day yesterday since it had dipped like 4% with Buffett's retirement. That's my first foray back into stocks since the first of March. I'm now around 60% GLD, 30% SGOV, 10% BRK-B.
May 6May 6 12 minutes ago, CooterBrown said: Bought some BRK-B at the end of the day yesterday since it had dipped like 4% with Buffett's retirement. That's my first foray back into stocks since the first of March. I'm now around 60% GLD, 30% SGOV, 10% BRK-B. Good move (hopefully), but I think it shows that there will be another opportunity when Uncle Warren can't be the Chairman. Because, IMO, him stepping down as CEO is a mere window dressing, as Chairman I think he will still go into the office every day...after stopping at McDonalds for breakfast, so he can read the WSJ, have his breakfast sammy and his first (or second) coke of the day.
May 6May 6 42 minutes ago, Wally Fairway said: Good move (hopefully), but I think it shows that there will be another opportunity when Uncle Warren can't be the Chairman. Because, IMO, him stepping down as CEO is a mere window dressing, as Chairman I think he will still go into the office every day...after stopping at McDonalds for breakfast, so he can read the WSJ, have his breakfast sammy and his first (or second) coke of the day. On his way home from the office, he can stop for a Dilly Bar at DQ.
May 6May 6 1 hour ago, CooterBrown said: Bought some BRK-B at the end of the day yesterday since it had dipped like 4% with Buffett's retirement. That's my first foray back into stocks since the first of March. I'm now around 60% GLD, 30% SGOV, 10% BRK-B. I just bought a really small amount of OMAH. It's an ETF based on Berkshire that is supposed to have a 15% annual yield.
May 6May 6 3 minutes ago, tomahawk dunk said: I just bought a really small amount of OMAH. It's an ETF based on Berkshire that is supposed to have a 15% annual yield. I'll wait and let that ETF build up some history to review. Being down -4% while Berkshire is up +7% in the same timeframe doesn't make me want to invest early on.
May 6May 6 21 minutes ago, CooterBrown said: I'll wait and let that ETF build up some history to review. Being down -4% while Berkshire is up +7% in the same timeframe doesn't make me want to invest early on. I 100% believe yours was the better purchase, I just couldn't help myself from buying the etf.
May 6May 6 5 hours ago, CooterBrown said: Bought some BRK-B at the end of the day yesterday since it had dipped like 4% with Buffett's retirement. Shouldn’t a 94 year old retiring be priced in? Market seems entirely headline driven right now.
May 7May 7 29 minutes ago, B00M said: Shouldn’t a 94 year old retiring be priced in? Market seems entirely headline driven right now. and I will say it again - he isn't even retiring, he is giving up one of his titles. anyone who thinks he won't be involved is fooling themselves. then again, this tells me to have funds available when he dies and/or cant sit at a desk anymore reading the financial news.
May 7May 7 BRK is ~1/4 of my trading accounts position at the moment. That drop hurt, but I am still up on the position and positive on the longer term outlook.
May 7May 7 I'm into BRK-B also. I love that pile of cash they're sitting on, just waiting to offer payday loans to companies that need bailouts when shit really hits the fan. Running back the 2008/9 playbook.
May 7May 7 6 minutes ago, WBT said: I'm into BRK-B also. I love that pile of cash they're sitting on, just waiting to offer payday loans to companies that need bailouts when shit really hits the fan. Running back the 2008/9 playbook. If what you’re saying is true, BRK-B lost half its value after the GFC and took 5 years to recover. So wouldn’t the time to buy be after the tariff correction has actually occurred?
May 7May 7 15 minutes ago, WBT said: I love that pile of cash they're sitting on, just waiting to offer payday loans to companies that need bailouts when shit really hits the fan. This. Let Warren (the royal Warren) practice the discipline. I ain't got time for that shit. I got biotech stonks trying to cure cancer to burn my money to the ground.
May 7May 7 2 hours ago, B00M said: If what you’re saying is true, BRK-B lost half its value after the GFC and took 5 years to recover. So wouldn’t the time to buy be after the tariff correction has actually occurred? Quite possible. Wouldn't be the first time I rode a position down and then rode it back up.
May 7May 7 21 minutes ago, burnt beanz said: Do you really think he’s going into the office everyday at 94? I think he's been inspired by Belichick, and ole Warren is gonna embark on a pipe laying campaign that would make the executives at OXY blush.
May 7May 7 58 minutes ago, burnt beanz said: Do you really think he’s going into the office everyday at 94? Yup, he's been doing it for 60+ years. His job consists is reading financial news, reading financial reports, talking to senior executive from Berkshire operating companies, and recently taking an afternoon nap. It isn't like he's working in a mine, running a press, or out mowing lawns in Houston in the summer.
May 7May 7 35 minutes ago, Wally Fairway said: mowing lawns in Houston in the summer. Thanks for bringing back those memories…
May 7May 7 Funniest thought that popped into my head yesterday was when I heard that Bessent was being sent away to Switzerland to negotiate a deal after his testimony yesterday. I thought to myself, maybe China figured why not negotiate with a guy who can barely string his words together? I was thinking the Chinese might think Bessent has turrets, or is on the autism spectrum after his testimony before congress. I will say this, Bessent can read. Answer questions in a coherent manner? Eh.. not so much. If I were the Chinese, I would think Bessent is exactly who I would want to negotiate with. A guy who is running on the warning track about to run into a wall, he will locate about the time he hits it. In other words I would talk to Bessent to take up his time, and let the wall get closer, while we muse endlessly about who actually pays for tariffs... Then Bessent will cry out (for you olds) like Tattoo on Fantasy Island. But instead of yelling "the plane, the plane!" He will yell out the debt ceiling limit I promised to warn you about? It's happening tomorrow! Anyhow - good luck to all of you today.
May 7May 7 I've been seeing multiple reports of this from other sources regarding JPM and Goldman's numbers. This could get ugly...
May 7May 7 6 minutes ago, Coelenterate Fuccboi said: I've been seeing multiple reports of this from other sources regarding JPM and Goldman's numbers. This could get ugly... Where does retail investor vs professional data come from?
May 7May 7 12 hours ago, B00M said: If what you’re saying is true, BRK-B lost half its value after the GFC and took 5 years to recover. So wouldn’t the time to buy be after the tariff correction has actually occurred? I don't think timing matters much with this lifetime performance:
May 7May 7 22 minutes ago, Dbeasy said: Where does retail investor vs professional data come from? Probably from the same group of liars the rest of the data comes from.
May 7May 7 20 minutes ago, CooterBrown said: I don't think timing matters much with this lifetime performance: that chart make me haz a sad; when I think about what could have been 😢
May 7May 7 1 hour ago, Wally Fairway said: that chart make me haz a sad; when I think about what could have been 😢 What will be.
May 8May 8 just dumping into SPY has been easy mode for so long now. i feel like i'm going to have to start doing something else. even 🤮 bonds
May 10May 10 I'm not seeing the same type of story on cnbc. Only that talks ended today and will continue tomorrow
May 10May 10 1 hour ago, Gatorubet said: for your investment deliberations gentlemen and ladies This was predictable (if true) Edited May 10May 10 by B00M
May 10May 10 1 hour ago, Gatorubet said: for your investment deliberations gentlemen and ladies Lunch time?
May 11May 11 3 hours ago, UTGrad98 said: I'm not seeing the same type of story on cnbc. Only that talks ended today and will continue tomorrow This news isn’t sensational enough. We must twist it a bit.
May 11May 11 https://www.theguardian.com/us-news/2025/may/11/trump-claims-total-reset-in-us-china-trade-relations-after-tariff-talks-in-geneva What the fuck does “total reset” mean and will it make the market go brrrrr?
May 11May 11 42 minutes ago, hornbri said: https://www.theguardian.com/us-news/2025/may/11/trump-claims-total-reset-in-us-china-trade-relations-after-tariff-talks-in-geneva What the fuck does “total reset” mean and will it make the market go brrrrr? Well, it either means he’s about to significantly reduce tariffs while declaring complete victory and China’s unconditional economic surrender or your various investment accounts now have a value of…
May 11May 11 Just reduce tariffs to zero on Ivanka Trademarked goods. Everything else “80% sounds about right”.
May 12May 12 Who has their put buying engines revved up for this open? Futures showing monster open. Edited May 12May 12 by bluto
May 12May 12 Well last of my long position disappeared Friday when my PLTR shares all closed ITM on the covered calls I did. But can't cry over 12% return in under 3 weeks. If only I could repeat that over and over. Of course all those gains are getting wiped out this AM as I bought back into UVIX before the Fed stood pat. Guess I will sit on those losses until at least the end of the week to see the inflation numbers. The exuberance for 30% tariffs on Chinese imports, is apparently priced in at a number 10% or lower? With the market looking for reductions past the apparent 30% tariffs for 90 days. So if the market is pricing in a tariff expense far below the 90 day cost. If you are businessman do you start bringing in the goods with that "new and improved" 30% tsriff rate? Do you pull your inventory out of the bonded warehouses and pay the tariff? Or do you hold pat waiting for the next pull back? And how does the market react when the inflation numbers start showing movement in the wrong direction? Anyhow- like I said so very many pages back. Would have been the most interesting spring ever to be taking Eco 301. Today it's risk on! Hope all you guys back big time today!
May 12May 12 31 minutes ago, Coelenterate Fuccboi said: My advice, disconnect your economics education from your short-term trading. Good advice. Keep in mind you are playing an even more rigged game than usual thanks to the apparent additional information some of the market makers have ahead of announcements.
May 12May 12 2 hours ago, Coelenterate Fuccboi said: My advice, disconnect your economics education from your short-term trading. Already did. I can be right long term and wrong short term, it's happened before and it cost me. Can't fight momentum and exuberance, despite what I see coming. My Dad just told me with all the fantastic news with tariffs, along with impending peace in the Middle East and Ukraine the market is going on a multi-year run to the moon! For me I will likely give back about double what I made on PLTR, this AM in all likelihood. Or worse depending on the drop. I'm still mostly cash, but FOMOing today. Longer term I still see inflation hamstringing the fed, and rates not receding to where they will need to be to add another big chunk onto the debt/deficit. It will be interesting to see the appetite for US retailers to bite off 30% in additional expenses on china imports. You have to assume some retailers are going to have to start paying the fees, or potential have the problem of empty shelves and no income. The costs will be passed on to US consumers, and this is going to take more time. But it's coming, and inevitable. PS- seeing some of the surges in retailers may give me an opportunity shortly to the downside. Edited May 12May 12 by horn4life
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