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Savings and Investments thread

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  • kentaddick
    kentaddick Posts: 18,729
    bobmunro said:
    Zynex shares tanking again today, down 22%
    Anyone with greater knowledge of these matters care to speculate why. Could someone with a large holding (TS) have sold a significant number?
    4th quarter earnings report was due on Monday but the company postponed its release saying they needed more time. 

    The markets get jittery on that sort of news.
    likely linked to sandgaard being distracted because of his mother passing? Worth a play surely
  • Gary Poole
    Gary Poole Posts: 1,874
    bobmunro said:
    Zynex shares tanking again today, down 22%
    Anyone with greater knowledge of these matters care to speculate why. Could someone with a large holding (TS) have sold a significant number?
    4th quarter earnings report was due on Monday but the company postponed its release saying they needed more time. 

    The markets get jittery on that sort of news.
    Thanks Bob
  • Solidgone
    Solidgone Posts: 10,207
    Solidgone said:
    £50 for me.
    Oops - I’ve just found out that it was £200!
  • golfaddick
    golfaddick Posts: 33,627
    Solidgone said:
    Solidgone said:
    £50 for me.
    Oops - I’ve just found out that it was £200!
    Buy Zanex shares with the difference.


  • blackpool72
    blackpool72 Posts: 23,673
    Zynex shares tanking again today, down 22%
    Good 
  • ThreadKiller
    ThreadKiller Posts: 8,620
    $9.76 for reference
  • golfaddick
    golfaddick Posts: 33,627
    Markets spooked by a small bank in the US being in trouble. Should be "nothing to see here" especially as the UK economy grew 0.3% in January. But......

    FTSE down almost 2% and most European markets down 1.5%. 
  • bobmunro
    bobmunro Posts: 20,843
    Markets spooked by a small bank in the US being in trouble. Should be "nothing to see here" especially as the UK economy grew 0.3% in January. But......

    FTSE down almost 2% and most European markets down 1.5%. 

    That's what they said about Lehman Brothers ;-)
  • PragueAddick
    PragueAddick Posts: 22,145
    These sharp guys, whose articles I flatter myself to imagine I fully understand, reckon that rationally there is no correlation between SVB and bigger banks, so there *should* be nothing to worry about,  but sometimes the irrational fear of contagion takes on a life of its own. Gulp.
  • The big picture is the Humphrey Hawkins testimonies at the start of the week, with Powell re-iterating, for the hard of hearing, "higher rates, for longer" and that he would be guided by data, especially from the services and employment data. We then had two very strong employment numbers on Wednesday and yesterday and the Big One will be at 13:30 today.  Then we have US CPI Tuesday.

    This is still playing out almost exactly like 1973-74.  People always seem to worry about the last crisis but the next one is almost always similar to the one that's not in living memory for most people.  If only we had a technique for looking back at history and learning from it ....

    We have rising inflation AND rising interest rates and a commodities squeeze.  That's classic 1973-74.  The next 6 months could be hairy.  My position hasn't changed - I have money on the side, picking up some cash from the odd short but am pretty confident that most things I continue to be invested in will be worth much more in 3-5 years.

    Given that backdrop, some small regional bank taking a hit could be an over-reaction and an opportunity to buy global banks. FTX is going to take some digesting but so far it's been contained to berks.  It could cause another Long Term Capital Management but I'd be amazed if it hit the big banks, given all the work done since 2008.  If you see a serious player, the equivalent to BNP Paribas in the Financial Crisis, selling out before it all goes to shit, then worry. Even then, Lehman was 6 months after Paribas.
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  • golfaddick
    golfaddick Posts: 33,627
    Similar to @WishIdStayedinthePub re interest rates - I watched a webinar yesterday from Waverton & the market prediction for UK interest rates is that they might go up to 4.5%-4.75% (original thinking was 4.25%) before staying there longer than had been anticipated. Thoughts late last year were that they'd start falling 3rd quarter this year & settle around 2.5%-3% by 2025. Now the thinking is 3.5%- 4% by end of 2024.

    But reassuringly for @PragueAddick Bonds are recovering, although Waverton like Gov Bonds not Corporates. They have a Global Strategic Government Bond fund that has performances decently over the past couple of years. Actually made money last year which is novel for a Bond fund. 
  • These sharp guys, whose articles I flatter myself to imagine I fully understand, reckon that rationally there is no correlation between SVB and bigger banks, so there *should* be nothing to worry about,  but sometimes the irrational fear of contagion takes on a life of its own. Gulp.
    Bill Ackerman is calling for the Fed to guarantee deposit holders and take a warrant in exchange.  If the bank really is solvent, the government gets the upside and the run is stopped.  Shares suspended 61% in pre-market.  

    Strong NonFarm Payroll numbers but markets bouncing - all about expectations!
  • PragueAddick
    PragueAddick Posts: 22,145
    These sharp guys, whose articles I flatter myself to imagine I fully understand, reckon that rationally there is no correlation between SVB and bigger banks, so there *should* be nothing to worry about,  but sometimes the irrational fear of contagion takes on a life of its own. Gulp.
    Bill Ackerman is calling for the Fed to guarantee deposit holders and take a warrant in exchange.  If the bank really is solvent, the government gets the upside and the run is stopped.  Shares suspended 61% in pre-market.  

    Strong NonFarm Payroll numbers but markets bouncing - all about expectations!

    If thats what you call a bounce, you can call me a champion high-jumper😉
  • bobmunro
    bobmunro Posts: 20,843
    These sharp guys, whose articles I flatter myself to imagine I fully understand, reckon that rationally there is no correlation between SVB and bigger banks, so there *should* be nothing to worry about,  but sometimes the irrational fear of contagion takes on a life of its own. Gulp.
    Bill Ackerman is calling for the Fed to guarantee deposit holders and take a warrant in exchange.  If the bank really is solvent, the government gets the upside and the run is stopped.  Shares suspended 61% in pre-market.  

    Strong NonFarm Payroll numbers but markets bouncing - all about expectations!

    If thats what you call a bounce, you can call me a champion high-jumper😉

    Dick!!!






    No, no - Dick Fosbury :)
  • PragueAddick
    PragueAddick Posts: 22,145
    One man’s bounce is another’s bloodbath. My stock monitor app is a sea of red. Only P&G, inexplicably is up, but its been clobbered for the last few weeks anyway.
  • Yep, spoke too soon and went to the pub!
  • Is this a good time to remind ourselves of the H2 predictions ...?
  • Rob7Lee
    Rob7Lee Posts: 9,595
    FTSE100 Level7,587.00  
        
    NameLevelVariance% Variance
    cafc7-6htfc7600130.17%
    Morboe7554330.43%
    LargeAddick7647600.79%
    blackpool727650630.83%
    Addick Addict7652650.86%
    guinnessaddick7658710.94%
    Salad7511761.00%
    CAFCWest7510771.01%
    Covered End7508791.04%
    Jon_CAFC_7675881.16%
    fat man on a moped7685981.29%
    RalphMilne76891021.34%
    thecat77101231.62%
    Fortune 82nd Minute74401471.94%
    IdleHans77451582.08%
    Thread Killer74231642.16%
    Bangkokaddick77671802.37%
    CharltonKerry77771902.50%
    Rob7Lee77851982.61%
    Daarrrzzettbum78002132.81%
    aitchyaddick78092222.93%
    golfaddick78242373.12%
    wwaddick73502373.12%
    StrikerFirmani78402533.33%
    valleynick6678562693.55%
    PragueAddick73002873.78%
    cafcpolo78933064.03%
    holyjo79123254.28%
    HardyAddick79133264.30%
    Redman72503374.44%
    TheGhostofTomHovi79663795.00%
    @TelMc3280004135.44%
    Pedro4571534345.72%
    meldrew6671174706.19%
    oohaahmortimer70775106.72%
    bobmunro69506378.40%
    WishIdStayedInThe Pub662596212.68%
    Er_Be_Ab_Pl_Wo_Wo_Ch 6500108714.33%
  • Rob7Lee said:
    FTSE100 Level7,587.00  
        
    NameLevelVariance% Variance
    cafc7-6htfc7600130.17%
    Morboe7554330.43%
    LargeAddick7647600.79%
    blackpool727650630.83%
    Addick Addict7652650.86%
    guinnessaddick7658710.94%
    Salad7511761.00%
    CAFCWest7510771.01%
    Covered End7508791.04%
    Jon_CAFC_7675881.16%
    fat man on a moped7685981.29%
    RalphMilne76891021.34%
    thecat77101231.62%
    Fortune 82nd Minute74401471.94%
    IdleHans77451582.08%
    Thread Killer74231642.16%
    Bangkokaddick77671802.37%
    CharltonKerry77771902.50%
    Rob7Lee77851982.61%
    Daarrrzzettbum78002132.81%
    aitchyaddick78092222.93%
    golfaddick78242373.12%
    wwaddick73502373.12%
    StrikerFirmani78402533.33%
    valleynick6678562693.55%
    PragueAddick73002873.78%
    cafcpolo78933064.03%
    holyjo79123254.28%
    HardyAddick79133264.30%
    Redman72503374.44%
    TheGhostofTomHovi79663795.00%
    @TelMc3280004135.44%
    Pedro4571534345.72%
    meldrew6671174706.19%
    oohaahmortimer70775106.72%
    bobmunro69506378.40%
    WishIdStayedInThe Pub662596212.68%
    Er_Be_Ab_Pl_Wo_Wo_Ch 6500108714.33%
    You seem to be missing my prediction?
  • Rob7Lee
    Rob7Lee Posts: 9,595
    Rob7Lee said:
    FTSE100 Level7,587.00  
        
    NameLevelVariance% Variance
    cafc7-6htfc7600130.17%
    Morboe7554330.43%
    LargeAddick7647600.79%
    blackpool727650630.83%
    Addick Addict7652650.86%
    guinnessaddick7658710.94%
    Salad7511761.00%
    CAFCWest7510771.01%
    Covered End7508791.04%
    Jon_CAFC_7675881.16%
    fat man on a moped7685981.29%
    RalphMilne76891021.34%
    thecat77101231.62%
    Fortune 82nd Minute74401471.94%
    IdleHans77451582.08%
    Thread Killer74231642.16%
    Bangkokaddick77671802.37%
    CharltonKerry77771902.50%
    Rob7Lee77851982.61%
    Daarrrzzettbum78002132.81%
    aitchyaddick78092222.93%
    golfaddick78242373.12%
    wwaddick73502373.12%
    StrikerFirmani78402533.33%
    valleynick6678562693.55%
    PragueAddick73002873.78%
    cafcpolo78933064.03%
    holyjo79123254.28%
    HardyAddick79133264.30%
    Redman72503374.44%
    TheGhostofTomHovi79663795.00%
    @TelMc3280004135.44%
    Pedro4571534345.72%
    meldrew6671174706.19%
    oohaahmortimer70775106.72%
    bobmunro69506378.40%
    WishIdStayedInThe Pub662596212.68%
    Er_Be_Ab_Pl_Wo_Wo_Ch 6500108714.33%
    You seem to be missing my prediction?
    I didn't have you down, apology if I missed it - what was it?
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  • 7675 for me...

  • Solidgone
    Solidgone Posts: 10,207
    Forgot me. Mine was 7587 😉
  • golfaddick
    golfaddick Posts: 33,627
    See how all the sub 7700's appear once the index falls a few %. 😄
  • meldrew66
    meldrew66 Posts: 2,561
    Solidgone said:
    Forgot me. Mine was 7587 😉
    ..also you seem to have forgotten to forget mine!
  • PragueAddick
    PragueAddick Posts: 22,145
    @WishIdStayedinthePub how do you see this? A dip or something a bit more long-term? 

  • kentaddick
    kentaddick Posts: 18,729
    edited March 2023
    trading on quite a few banks halted. This could get messy.


  • @WishIdStayedinthePub how do you see this? A dip or something a bit more long-term? 

    Medium term, I'm afraid.  The analysts I follow have been right about this market for months, even the rallies, and they've been promising this would happen somehow and sometime.  CPI tomorrow could give a big relief rally.  Or it could be the final kick in the bollocks.  

    Either way, sooner or later, people are going to extrapolate all this debt and conclude the recession really is coming this time.  House and car markets in the US are deteriorating rapidly. 


  • RaplhMilne
    RaplhMilne Posts: 4,601
    Blimy, this is not looking good, a sea of red the last couple days. So SVB  is followed by Signature Bank is there more to come.

    Those who no more than me, can you explain why this hitting the FTSE so hard, and especially financials. Lloyds is almost 100% Uk retail based, so why are their shares plummeting. Surely they are not likely to be exposed to either of these banks and or their account holding customers….. ?
  • newyorkaddick
    newyorkaddick Posts: 3,052
    Blimy, this is not looking good, a sea of red the last couple days. So SVB  is followed by Signature Bank is there more to come.

    Those who no more than me, can you explain why this hitting the FTSE so hard, and especially financials. Lloyds is almost 100% Uk retail based, so why are their shares plummeting. Surely they are not likely to be exposed to either of these banks and or their account holding customers….. ?
    Think investors are anticipating higher costs/lower profitability coming down the pipe for all global banks as a result of the issues in the US (eg higher capital requirements just like post-2008).  
  • kentaddick
    kentaddick Posts: 18,729
    ftse down but nasdaq and S&P looking decent. 

    Bitcoin looking good today too.