There are roughly 470 stores outside of China.

Been off and on following this thread for a couple months. Have always just put money in my 401k or 403b and let Fidelity manage it.

I have been saving a small amount of my spending money budget to start investing myself. Any books y'all recommend so I can really understand how y'all do what you do? I have basic knowledge but not anywhere near what I believe it needs to be to make good decisions. Also what software is best if I am just starting to dabble?

One up on wall street

I have a question, isn't XOM stupid not to buy right now? The price is half of what it was a month ago, the earnings seem strong, and the yield is almost 10%. Am I missing something?

Exsurge Domine said:

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I have a question, isn't XOM stupid not to buy right now? The price is half of what it was a month ago, the earnings seem strong, and the yield is almost 10%. Am I missing something?

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It looks like a great long term play. Short term it is dicey. I bought some this week.

Exsurge Domine said:

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I have a question, isn't XOM stupid not to buy right now? The price is half of what it was a month ago, the earnings seem strong, and the yield is almost 10%. Am I missing something?

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Taken from the XOM thread that gives a pretty neat analysis of XOM. I backed the truck up yesterday personally. Not only did I buy those options I mentioned earlier, I also bought stock around $35.

one MEEN Ag said:

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Cromagnum said:

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Cyp0111 said:

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Imagine the dividend will get cut

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Probably will but doesnt mean it wont come back later.

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I think it would. ExxonMobil is a company built to hand out a dividend. They are not a growth play, nor are they a technology company trying to sell process improvement. Exxon's job is to manage cash flow while acquiring and extracting resources. There's an interesting article about how Exxon never really exceeds the value of its oil reservoirs and its stock owners are basically land owners of oil. If Exxon does not keep exploring and discovering new reservoirs, it's valuation would continually drop.

It's the opposite of a software company. Exxon has no inherit value, if it extracts 5 billion worth of oil out of the ground, it's worth 5 billion less.

So buying Exxon when oil is low is a nice way to to get access to a dividend long term while also being protected against stock price destruction. If you buy Exxon when oil is $80 a barrel, you can only sell your stock for a profit the next time it's above 80.

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https://www.militarytimes.com/news/pentagon-congress/2020/03/14/dod-bans-all-domestic-travel-for-troops-employees-in-response-to-coronavirus-threat/?utm_campaign=Socialflow+ARM&utm_source=facebook.com&utm_medium=social&fbclid=IwAR2F7HHP6GedtmADvsn0tBLyUUxnfofy-QeBF4LcEDY3yvY5zJ6rb124FwA

getting even more crazy.

Every knee shall bow and every tongue shall confess

Selling naked puts might be of interest to you. If you're buying "lifetime" stocks and are fine with owning a little more if you get exercised on, naked puts could be a good one to learn now in a lower market. Only downside is that it will lock up liquidity until the option expires or is bought back.

What is a rate cut going to do at this point? Is It just small businesses and start ups? The blue chips don't need loans because they are flush with cash from the tax cut, correct?

dirtylondrie712 said:

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What is a rate cut going to do at this point? Is It just small businesses and start ups? The blue chips don't need loans because they are flush with cash from the tax cut, correct?

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I could see a lot of companies using the cheap rates to do a **** load of stock buybacks at these levels.

Awesome content.

https://www.zerohedge.com/news/2018-01-05/fed-chair-makes-striking-admission-we-have-short-volatility-position

It's a ZH article but a good one from January 2018, before any of this jumped off, quoting Powell from a 2012 meeting.

Powell's concerns were (1) the Fed balance sheet will never be big enough for the market. Why stop at $4T? And, their internal models will always say it's good for the market. (2) how to unload their short volatility position (3) that the market will crater anytime the fed tries to unload its balance sheet, and (4) that they are encouraging risk taking and creating a bubble.

My how the chickens have come home to roost.

I'm not smart enough to understand the tentacles and reach of all these things, but I do understand that the Fed is stuck inflating this same artificial liquidity, leverage, Fixed income, and debt bubble. They cannot normalize the market without a "dynamic response" (crash), and so they are stuck pumping more and more into a system that now relies on it to function in this new paradigm.

What we do know and everyone knows is the Fed playbook.

It's what we don't know that shocks the market. Unexpected demand and consumption recession. How long can a system so fragile that we had to ease rates and inject liquidity at ATHs withstand a cessation of consumption growth?
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Delta: a good friend is a gate agent in Seattle. Said they've grounded about 300 planes and are reducing flights. She said on average she's been processing between 9-30 people per flight when usually Seattle is oversold.

Internal memo Delta is starting early retirement and allowing leave without pay. Of course she's worried about being furloughed.

dirtylondrie712 said:

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What is a rate cut going to do at this point? Is It just small businesses and start ups? The blue chips don't need loans because they are flush with cash from the tax cut, correct?

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Shifts cash from bonds to stocks because the dividend from a solid company is better than the bond rate?

Anyone else happy the runs are on grocery and not banks for cash?

McInnis 03 said:

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Anyone else happy the runs are on grocery and not banks for cash?

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not a fan of the runs

I'm 25 in the second year of my first job, I max my IRA and hit up to the company match on my 401K, but generally have it all in VTSAX. What's the best way for someone like me, without a ton of liquidity, to get a piece of FAANG stocks at a point where they're as cheap as they are now?

Topher17 said:

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I'm 25 in the second year of my first job, I max my IRA and hit up to the company match on my 401K, but generally have it all in VTSAX. What's the best way for someone like me, without a ton of liquidity, to get a piece of FAANG stocks at a point where they're as cheap as they are now?

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Take whatever your 401k will let you manage yourself and buy those stocks in your retirement accounts.

Every knee shall bow and every tongue shall confess

GreasenUSA said:

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McInnis 03 said:

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Anyone else happy the runs are on grocery and not banks for cash?

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not a fan of the runs

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Pro Tip: When there is a run on TP at grocery stores, invest in Dude Wipes and live like a king during the Coronapocalypse

E said:

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GreasenUSA said:

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McInnis 03 said:

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Anyone else happy the runs are on grocery and not banks for cash?

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not a fan of the runs

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Pro Tip: When there is a run on TP at grocery stores, invest in Dude Wipes and live like a king during the Coronapocalypse

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Dude wipes have been a life changer

E said:

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GreasenUSA said:

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McInnis 03 said:

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Anyone else happy the runs are on grocery and not banks for cash?

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not a fan of the runs

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Pro Tip: When there is a run on TP at grocery stores, invest in Dude Wipes and live like a king during the Coronapocalypse

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Just use baby wipes. They're the same and cheaper

what do you think Mike Pence will announce at this Press Conference?

Also, weekend dow (yes, it is trash) is down back to where it was prior to that late day pump.

Boat Shoes said:

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Talon2DSO said:

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Harkrider 93 said:

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IrishTxAggie said:

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E said:

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GreasenUSA said:

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McInnis 03 said:

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Anyone else happy the runs are on grocery and not banks for cash?

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not a fan of the runs

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Pro Tip: When there is a run on TP at grocery stores, invest in Dude Wipes and live like a king during the Coronapocalypse

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Just use baby wipes. They're the same and cheaper

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but those are for babies and I am a real man!

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A real man wouldnt let marketing trigger his insecurities in the bathroom

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A real man wouldn't steal wipes from babies. Won't someone please think of the children?!?

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Real man would run water hose to the bathroom for makeshift bidet

Exsurge Domine said:

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E said:

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GreasenUSA said:

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McInnis 03 said:

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Anyone else happy the runs are on grocery and not banks for cash?

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not a fan of the runs

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Pro Tip: When there is a run on TP at grocery stores, invest in Dude Wipes and live like a king during the Coronapocalypse

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Dude wipes have been a life changer

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Nothing compared to my bio-bidet

jj9000 said:

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Other than the President making a great speech in unifying the public and private sector, what good has been happening in this market?

We're on the front side of an outbreak, with a tall hill to climb. Now, couple the pandemic with the Energy (oil) crisis , and you compound things. To put the icing on the cake, we've got major industries coming to a halt, and an all out travel ban to Europe.

Companies are already greasing the skids for Q1 and Q2 misses.

Other than a speech and accelerated testing (which will prove more positives and incite more panic), what's good with this market?

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Agreed. It's about to get rough. The travel bans, fear, and quarantines have crippled the airlines. Extend that to restaurant, retail, and hotel in and around airports. Furloughs, failures, and bankruptcy's are coming.

I predict the first one inside of 2-3 weeks if not sooner. Just waiting to hear how the other carriers respond to what DL has done.

There was bailout funding for carriers during 9-11 and I would assume we would see the same for this.

riley290 said:

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what do you think Mike Pence will announce at this Press Conference?

Also, weekend dow (yes, it is trash) is down back to where it was prior to that late day pump.

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No it's not. They came off ~1% AH after they ran almost 7% from beginning to end of market close of the presser

IrishTxAggie said:

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GreasenUSA said:

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McInnis 03 said:

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Anyone else happy the runs are on grocery and not banks for cash?

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not a fan of the runs

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My little secret since I already covered my run; go to a Mexican tienda or mercado. Uptight white people beating the crap out of each other would never think to "slum it" with the Hispanics. I love those places!! Sweetest little old ladies in the world there!

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I was talking about caca