txaggie_08 said:
Only problem with employers raising salaries is it doesn't help inflation. Most people need to figure out how to reduce discretionary spending and deal without through some tough times.
That was my point of only spending on rent.
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Last: 42 min ago by Heineken-Ashi
That was my point of only spending on rent.
That, and the last time we had significant inflation, we didn't enter from a point of crushing debt and over 100% of debt to GDP. You (government and central bank partnership) can't expect the populace to suddenly learn how to live within their means and pull back from a lavish lifestyle if you yourself haven't been an exampleq of what that looks like.
And it's a lifestyle that you created by conditioning them to constantly max leverage debt. And every time you had a chance to let the free market teach some hard lessons and condition new behavior, you bailed them out and gave them another hit.
And it's a lifestyle that you created by conditioning them to constantly max leverage debt. And every time you had a chance to let the free market teach some hard lessons and condition new behavior, you bailed them out and gave them another hit.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
Yeah, just don't see that happening. People don't have the restraint and self control to save. I'd imagine most people still make enough money to pay rents as long as they live within their means and stop spending on discretionary items.
txaggie_08 said:
Yeah, just don't see that happening. People don't have the restraint and self control to save. I'd imagine most people still make enough money to pay rents as long as they live within their means and stop spending on discretionary items.
Completely agree. It ain't happening
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Sooo...is it too early for one of those Heinekens?
txaggie_08 said:
Yeah, just don't see that happening. People don't have the restraint and self control to save. I'd imagine most people still make enough money to pay rents as long as they live within their means and stop spending on discretionary items.
**nods in agreement while eating gold-dusted, chocolate coated apple**
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Continuing on the CRE Theme and Multifamily. You have a cap cost escrow analysis typically done every 6 months. So you as the borrower are paying for the renewal cap strike as you make the monthly payment every month.
Before interest rates started pushing SOFR up you might expect $12K a month in cap strike escrow costs. But with rates now, that same borrower may be facing a $400K cap cost escrow for their loan.
So a MF property may be generating enough income to provide a debt coverage ratio (excluding the cap strike) of 1.5x. But then you factor the increased cap strike costs into the and it pulls that DSCR to 0.9x which means your borrower is paying out of pocket to cover their obligation.
How long can someone do that?
Before interest rates started pushing SOFR up you might expect $12K a month in cap strike escrow costs. But with rates now, that same borrower may be facing a $400K cap cost escrow for their loan.
So a MF property may be generating enough income to provide a debt coverage ratio (excluding the cap strike) of 1.5x. But then you factor the increased cap strike costs into the and it pulls that DSCR to 0.9x which means your borrower is paying out of pocket to cover their obligation.
How long can someone do that?
txaggie_08 said:
Yeah, just don't see that happening. People don't have the restraint and self control to save. I'd imagine most people still make enough money to pay rents as long as they live within their means and stop spending on discretionary items.
The rub is what is discretionary? I hear people talk about the "need" for vacation, new car, going out to eat. I don't think people can define discretionary within their own budget.
Recent purchaser of WAL --- It's down 10% pre-market so the market didnt take this news positively. Time to buy up more?
Any recommendations on trade journal/tracking software?
My wife's Amazon purchases sure can't.reineraggie09 said:txaggie_08 said:
Yeah, just don't see that happening. People don't have the restraint and self control to save. I'd imagine most people still make enough money to pay rents as long as they live within their means and stop spending on discretionary items.
. I don't think people can define discretionary within their own budget.
I closed my puts and went long with 409C expiring tomorrow. Will close at 409.70 (model T from yesterday hi-lo).
GOOG expiring premiums are about the lowest leverage risk I see in the market, as a potential mover. The $107's when tweeting this were $0.20 now $0.27
I think this is the correct early trade, just be gone into Model T on 75% and 15% on any flash above with 10% trailing stop. 4105 is set up as strong resistance last 3 days. Flash to 4110 would be ideal. Anything above that and the bulls have trapped the world.BaylorSpineGuy said:
I closed my puts and went long with 409C expiring tomorrow. Will close at 409.70 (model T from yesterday hi-lo).
oldarmy1 said:I think this is the correct early trade, just be gone into Model T on 75% and 15% on any flash above with 10% trailing stop. 4105 is set up as strong resistance last 3 days. Flash to 4110 would be ideal. Anything above that and the bulls have trapped the world.BaylorSpineGuy said:
I closed my puts and went long with 409C expiring tomorrow. Will close at 409.70 (model T from yesterday hi-lo).
Not sure if that was a stop loss raid or what, but I got bagged with that tall candle.
SPY has held $407.80 all morning. I want to see that get broken with continuation. It could be coming now.BaylorSpineGuy said:oldarmy1 said:I think this is the correct early trade, just be gone into Model T on 75% and 15% on any flash above with 10% trailing stop. 4105 is set up as strong resistance last 3 days. Flash to 4110 would be ideal. Anything above that and the bulls have trapped the world.BaylorSpineGuy said:
I closed my puts and went long with 409C expiring tomorrow. Will close at 409.70 (model T from yesterday hi-lo).
Not sure if that was a stop loss raid or what, but I got bagged with that tall candle.
Stopped out of everything upside.
Looks like another H pattern.
Will SOX bounce off the 50 this time?
I have been DCA'ing into SOXS and am currently up 12%... Target 1 is the 50 where I plan to take off half.
No idea. Their call report and earnings data will be key.HoustonAg_2009 said:
Recent purchaser of WAL --- It's down 10% pre-market so the market didnt take this news positively. Time to buy up more?
Need to break yesterdays lows
Exited SPY puts, be prepared for a rug pull.
Here we go... (?)
I made almost $700, my best day in a while. I'm out for now and going to kids school for some events. Will try to dial in later.
Gotta climb the mountain I fell from in January. Today was a good start.
Gotta climb the mountain I fell from in January. Today was a good start.
I exited my puts on that drop at $406.64 but wanted to see if we could retest $407 area
DNN at $1. Usually a pretty good place to enter.
Hasn't aged wellwanderer said:
This just hit model-T at 14.80. June 15c going for 70-75cents. (not a ton of volume, but has decent OI at 5k)
OA this still a decent play with macros starting to waffle?If there was endless hours to find gap fill stocks we'd make even more. $CNHI perfectly flash filled the gap and made its initial move higher. Reached Model T and the MACD signal lines have crossed into bullish reversal. Placed an alert at $14.80 and if we get it I'll action pic.twitter.com/USw75L34eu
— Disciplined Trading (@oldarmy1) March 31, 2023
Had some of my orders filled, loading back up.Philip J Fry said:
DNN at $1. Usually a pretty good place to enter.
This just triggered a few minutes ago.
If $RBLX doesn't hold this two day support then next is last breakout wave Model T of $44.55. If it holds then $50 calls pay nicely.
— Disciplined Trading (@oldarmy1) April 5, 2023
Still in mine. May trim here but 402 today wouldn't shock me
Big wins, small wins, small losses. That's how we do it!BaylorSpineGuy said:
I made almost $700, my best day in a while. I'm out for now and going to kids school for some events. Will try to dial in later.
Gotta climb the mountain I fell from in January. Today was a good start.
Golf1 said:
I exited my puts on that drop at $406.64 but wanted to see if we could retest $407 area
Big rock fall hard.
I had been DCA'ing into FUBO expecting a jump due to the sports seasons starting, but just unloaded that for a 7% loss.
I'm going to at least wait for the 30K algo to cross before I re-enter.
I'm going to at least wait for the 30K algo to cross before I re-enter.
That 407 level has been key, going back to January. If they don't bust it here look out below
$404.87 is where I'm looking. It would be the .786 line on the fib using march 13 lows and yesterdays highs.
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