BMW i5 and 5-Series Forum

Post Reply
 
Thread Tools Search this Thread
      03-13-2023, 04:14 PM   #7701
BMW F22
Major General
BMW F22's Avatar
United_States
3668
Rep
9,783
Posts

Drives: ///M235i
Join Date: Nov 2005
Location: Bay Area

iTrader: (8)

Stock market doesn’t know which way to go!
Appreciate 1
      03-13-2023, 05:25 PM   #7702
NickyC
Lieutenant General
NickyC's Avatar
19459
Rep
11,270
Posts

Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind

iTrader: (23)

Quote:
Originally Posted by BMW F22 View Post
Stock market doesn’t know which way to go!
Bailout doesn’t appear to have been large enough. I thought we’d get a rally today, but the crooks don’t appear to be happy with the amount of free money promised to them. Could be set for a bit of a tantrum before Powell has no option but to give them what they want, and then brrrrrrr go the printers.

Shitcoins are the most hysterical thing today. Binance must be pumping them up hand over fist to get the suckers in.
Appreciate 0
      03-13-2023, 06:21 PM   #7703
antzcrashing
Brigadier General
antzcrashing's Avatar
United_States
1977
Rep
3,263
Posts

Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA

iTrader: (1)

Garage List
Quote:
Originally Posted by chassis View Post
Thanks for the copy/paste. What is your take?
I find your response hilarious but the above is my own words, I just watch cnbc and Josh brown ver often
Appreciate 1
chassis8257.00
      03-13-2023, 08:20 PM   #7704
ASAP
Major General
ASAP's Avatar
11022
Rep
9,149
Posts

Drives: '23 X3 M40i
Join Date: Sep 2012
Location: FL

iTrader: (0)

Quote:
Originally Posted by NickyC View Post
Bailout doesn’t appear to have been large enough. I thought we’d get a rally today, but the crooks don’t appear to be happy with the amount of free money promised to them. Could be set for a bit of a tantrum before Powell has no option but to give them what they want, and then brrrrrrr go the printers.

Shitcoins are the most hysterical thing today. Binance must be pumping them up hand over fist to get the suckers in.
I have a feeling what will happen is that the fed slows the rate hikes at this point... they've noticed the volatility that it has caused including near 3 bank failures lol and we continue on with inflation running rampant. This again will hurt everyone and we will pay for this not called a bailout but a bailout in the form of higher bank fees and less services. Either way, the middle class will get robbed again as always.

Long term, I honestly have no idea what the solution is... it would necessitate either higher taxes both corporate and private, far more regulation or long term rate growth where we go to an 8-9% rate but over many years as opposed to immediately.

Will any of that happen? Hell no, because we are addicted to free money and demand... so they will stimulate shit soon enough again, inflation will run wild and we will be back to it again.
__________________
2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
Appreciate 1
NickyC19459.00
      03-13-2023, 09:41 PM   #7705
BMW F22
Major General
BMW F22's Avatar
United_States
3668
Rep
9,783
Posts

Drives: ///M235i
Join Date: Nov 2005
Location: Bay Area

iTrader: (8)

Question: if I were to buy a stock, are the shares available immediately in my account to be able to sell them the same day? I understand there are restrictions and classifications on day trading, but doing it up to a certain times doesn’t count as day trading. I am more curious about how quickly the shares are deposited for me to be able to sell them later that day.
Appreciate 0
      03-14-2023, 12:03 AM   #7706
dangerus_car
Banned
271
Rep
664
Posts

Drives: F30
Join Date: Dec 2021
Location: earth

iTrader: (0)

SIVB failure is partly due to interests rate, but mostly due to stupidity of the CEO.

This article summed it the best

https://www.cnn.com/2023/03/13/busin...ceo/index.html

40 years in business, and can't raise a $2B. the bank had enough liquidity as you can see by eod Thu, the balance book only has minus 900ish million after a $42B withdrawal, that's a lot of liquidity
Appreciate 1
OF Hero1149.50
      03-14-2023, 01:33 AM   #7707
M3WC
Brigadier General
3857
Rep
3,317
Posts

Drives: BMW
Join Date: Jul 2008
Location: ...location...location

iTrader: (0)

Quote:
Originally Posted by ASAP View Post
I have a feeling what will happen is that the fed slows the rate hikes at this point... they've noticed the volatility that it has caused including near 3 bank failures lol and we continue on with inflation running rampant. This again will hurt everyone and we will pay for this not called a bailout but a bailout in the form of higher bank fees and less services. Either way, the middle class will get robbed again as always.

Long term, I honestly have no idea what the solution is... it would necessitate either higher taxes both corporate and private, far more regulation or long term rate growth where we go to an 8-9% rate but over many years as opposed to immediately.

Will any of that happen? Hell no, because we are addicted to free money and demand... so they will stimulate shit soon enough again, inflation will run wild and we will be back to it again.
Exactly, they are playing semantics saying taxpayers are not paying for the SVB failure. The Deposit Insurance Fund that is covering any deposits over FDIC $250k is funded mostly by quarterly assessments paid by banks. New "special assessments" will be paid into DIF to refund the losses. The "special assessments"(aka higher DIF fees) will trickle down to ordinary people in the way of higher banking fees and lower quality services.
Appreciate 1
ASAP11022.00
      03-14-2023, 02:30 AM   #7708
chassis
Colonel
chassis's Avatar
8257
Rep
2,519
Posts

Drives: 9Y0 Cayenne S
Join Date: Mar 2019
Location: Einbahnstraße

iTrader: (0)

Garage List
Quote:
Originally Posted by BMW F22 View Post
Question: if I were to buy a stock, are the shares available immediately in my account to be able to sell them the same day? I understand there are restrictions and classifications on day trading, but doing it up to a certain times doesn’t count as day trading. I am more curious about how quickly the shares are deposited for me to be able to sell them later that day.
Yes. Buy or sell orders placed near (3:58 or later) market close at 4:00pm NY time might not execute with sufficient time to execute a follow-on order. Assuming buy orders execute, you can sell the shares again the same day. The buy order may not execute if you have set conditions that are not met, for example a limit price.

Fidelity offers a tool to pre-load multiple, and contingent, orders if you are doing more sophisticated trading. Far from high frequency trading but a notch higher in sophistication than entering each order one at a time.

Last edited by chassis; 03-14-2023 at 02:39 AM..
Appreciate 1
BMW F223668.00
      03-14-2023, 07:09 AM   #7709
2008M36MT
Private First Class
604
Rep
129
Posts

Drives: M3
Join Date: Sep 2022
Location: Best Coast

iTrader: (0)

I have $350K in my discretionary Schwab trading account. Should I move $100K out pronto?

I love it that CNBC was telling us that financial stocks were some of the best buying decisions you could make through this "recession".
Appreciate 0
      03-14-2023, 08:27 AM   #7710
2000cs
Captain
3959
Rep
1,003
Posts

Drives: Potato
Join Date: Feb 2012
Location: USA

iTrader: (1)

Quote:
Originally Posted by 2008M36MT View Post
I have $350K in my discretionary Schwab trading account. Should I move $100K out pronto?

I love it that CNBC was telling us that financial stocks were some of the best buying decisions you could make through this "recession".
Check the insurance limits on the securities and account. You might not be insured at all depending on what the $350k is in. SIPC limits are different from FDIC limits, so check with Schwab (probably online somewhere, or call).
Appreciate 0
      03-14-2023, 10:02 AM   #7711
antzcrashing
Brigadier General
antzcrashing's Avatar
United_States
1977
Rep
3,263
Posts

Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA

iTrader: (1)

Garage List
Wat is happening today non retorical question. Wrong answers only
Appreciate 1
NickyC19459.00
      03-14-2023, 10:11 AM   #7712
2008M36MT
Private First Class
604
Rep
129
Posts

Drives: M3
Join Date: Sep 2022
Location: Best Coast

iTrader: (0)

Quote:
Originally Posted by 2000cs View Post
Check the insurance limits on the securities and account. You might not be insured at all depending on what the $350k is in. SIPC limits are different from FDIC limits, so check with Schwab (probably online somewhere, or call).
All of my cash is currently in the checking account, so that's FDIC insured. Good point though, thank you. I've transferred out $82K this morning to another checking account. Better safe than sorry.
Appreciate 1
      03-14-2023, 10:40 AM   #7713
NickyC
Lieutenant General
NickyC's Avatar
19459
Rep
11,270
Posts

Drives: M4 CS. Former G82, x2 F82, F80
Join Date: Nov 2010
Location: Jacked out of my mind

iTrader: (23)

There’s the rally, hah. Everyone pricing in no further rate increases (reductions actually likely now), and QE to the moon.

Losers and thieves once again rewarded, the American taxpayer completely hosed. What a country.
Appreciate 3
ASAP11022.00
M3WC3857.00
      03-14-2023, 10:50 AM   #7714
UncleWede
Long Time Admirer, First Time Owner
UncleWede's Avatar
United_States
18532
Rep
9,432
Posts

Drives: G01 X3 M40i Dark Graphite
Join Date: Jun 2005
Location: Oxnard, CA

iTrader: (0)

Biden said the CEOs for the two banks would not be employed in the same position any longer. What are the odds of that being true????
__________________
I have romped on her and I giggled like a drunk infant the entire time. - Sedan_Clan
Appreciate 1
      03-14-2023, 10:55 AM   #7715
ASAP
Major General
ASAP's Avatar
11022
Rep
9,149
Posts

Drives: '23 X3 M40i
Join Date: Sep 2012
Location: FL

iTrader: (0)

Quote:
Originally Posted by UncleWede View Post
Biden said the CEOs for the two banks would not be employed in the same position any longer. What are the odds of that being true????
Yes, he got them a position at a new, up and coming bank called Bear Stearns.
__________________
2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
Appreciate 1
NickyC19459.00
      03-14-2023, 01:35 PM   #7716
UncleWede
Long Time Admirer, First Time Owner
UncleWede's Avatar
United_States
18532
Rep
9,432
Posts

Drives: G01 X3 M40i Dark Graphite
Join Date: Jun 2005
Location: Oxnard, CA

iTrader: (0)

Quote:
Originally Posted by ASAP View Post
Yes, he got them a position at a new, up and coming bank called Bear Stearns.
No spots left in the Reserve???
__________________
I have romped on her and I giggled like a drunk infant the entire time. - Sedan_Clan
Appreciate 1
RickFLM411917.50
      03-14-2023, 01:57 PM   #7717
XutvJet
Major General
XutvJet's Avatar
6077
Rep
5,615
Posts

Drives: 2011 Cayman Base, 2018 M2
Join Date: Mar 2016
Location: Kansas City

iTrader: (-1)

Quote:
Originally Posted by bagekko View Post
Yes but they keep increasing the risk beyond what used to be normal for banks, the risks they take with your money is crossing the lines of ethics, its not like the old days when they would give home/auto loans, invest in bonds & stuff, they are putting too much money into high risk investments which there are no limits on what they can do. We already went one financial crisis centered around CBO's, while they reduced that, it's not like they learned their lesson, they just are now diversified across many high risk investments. It's not their money they are playing with, and when it goes bad, the govt bails them out.
Yes to all of this. The banks take all the risk with our money and take no risk themselves because they know the gov't will likely bail them out. The gov't is just as guilty given their rose colored glasses about the economy and allowing for rates to remain so low for so long. The gov't is basically the bank's drug dealer.
__________________
The forest was shrinking, but the Trees kept voting for the Axe, for the Axe was clever and convinced the Trees that because his handle was made of wood, he was one of them.
Appreciate 2
NickyC19459.00
      03-14-2023, 07:43 PM   #7718
antzcrashing
Brigadier General
antzcrashing's Avatar
United_States
1977
Rep
3,263
Posts

Drives: 2018 BMW 440i GC
Join Date: Sep 2007
Location: Eastern MA

iTrader: (1)

Garage List
Quote:
Originally Posted by UncleWede View Post
Biden said the CEOs for the two banks would not be employed in the same position any longer. What are the odds of that being true????
Biden aint taking out any CEOs, he is old man dem yelling at a cloud. And i am a dem. He wants to influence CEOs to resign, sorry. If they do, its not Biden’s doing
Appreciate 0
      03-15-2023, 08:55 AM   #7719
ASAP
Major General
ASAP's Avatar
11022
Rep
9,149
Posts

Drives: '23 X3 M40i
Join Date: Sep 2012
Location: FL

iTrader: (0)

Credit Suisse not looking so hot lol
__________________
2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
Appreciate 1
      03-15-2023, 09:45 AM   #7720
2008M36MT
Private First Class
604
Rep
129
Posts

Drives: M3
Join Date: Sep 2022
Location: Best Coast

iTrader: (0)

I bought CDs today with all of my discretionary cash at a rate of 5.14% for 6 months. It's a preservation strategy, keeps me from investing in the market. Too volatile for me. If what happened in 2008 or what happened in 2020 happens again, I'll just take my penalty and dump it all back into a few solid stocks.

With that I'm out.
Appreciate 1
XKxRome0ox1612.00
      03-15-2023, 10:17 AM   #7721
UncleWede
Long Time Admirer, First Time Owner
UncleWede's Avatar
United_States
18532
Rep
9,432
Posts

Drives: G01 X3 M40i Dark Graphite
Join Date: Jun 2005
Location: Oxnard, CA

iTrader: (0)

Quote:
Originally Posted by 2008M36MT View Post
I bought CDs today with all of my discretionary cash at a rate of 5.14% for 6 months.
Dang, that's like 5.02% higher than the current 12-month I'm sitting on at the CU (which, incidentally, I don't think is FDIC insured)
__________________
I have romped on her and I giggled like a drunk infant the entire time. - Sedan_Clan
Appreciate 0
      03-15-2023, 10:49 AM   #7722
XKxRome0ox
e90noob
XKxRome0ox's Avatar
United_States
1612
Rep
1,881
Posts

Drives: '08 E90 M3
Join Date: Mar 2012
Location: Los Angeles, CA

iTrader: (4)

President Biden is in Las Vegas
Maybe he's betting it all on black to try to get this turned around
__________________
2008 E90 M3 / LCI trunk + euro tail swap

Production date - 2008-04-22
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 10:44 AM.




g60
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST