Post by
Northforce13 on May 13, 2020 5:20pm
Shorts are tarded
Reading from the prior posts, it is amazing to me that shorts would be covering. Now would seem like a logical time to short.
I am not saying I would go short, because I am a long investor, but with regards to uncertainty as to the future... there has never been a time of greater uncertainty than now.
3 933 639 000
Three billion +
nine hundred thirty three million +
That's the amount of mortgages currently past due in Home Cap's loan book (table 18b in the MD&A).
I have the unenviable job of trying to figure out how much of that will default, and how much the losses will be on that. Figuring out if that number might grow even further.
Was hoping some people on these boards would have taken a stab at it. Nobody anwywhere is, which means they are ignoring it and it's hardly priced in.
In addition to that, I have to try to figure out what restrictions governments will encounter in their desire to print more and more money, which mitigates their capability to bail bail out the banks.
Plus I have to figure out at what speed the population in general will figure out (they are starting to...) that the economic damage done from all these lockdowns is multitudes (100x was my preliminary analysis) greater than the value of not doing lockdowns.
Going to be a busy weekend!
GLTA
Comment by
canader on May 13, 2020 6:14pm
What does wolf in sheep's clothing mean? A Wolf in Sheep's Clothing: Origin and Meaning. Meaning. A dangerous person who is pretending to be harmless; an enemy who is disguised as a friend. This idiom is a warning that you cannot necessarily trust someone simply because they appear to be kind and friendly. Smelling like,...