Post by
Gann999 on Jun 13, 2022 9:07am
In fairness
To be fair it looks as though TT was right cmc bid and ask is at 2 cents that's a steep drop if it opens there they should have got out.
Comment by
Lesalpes29 on Jun 13, 2022 9:10am
Thinking to people who are holding CMC and we all can't be happy. Sad story for sure.
Comment by
whognu1 on Jun 13, 2022 9:33am
funny thing filoux was thinking that (if) when the 10 year gets to 3.25 i would start layering into TLT thinking that they are only raising rates to lower them later this should give TLT some serious equity like returns over the next 2- 3 yrs today could be the day good luck
Comment by
filoux004 on Jun 13, 2022 9:45am
Yup, TLT and many more macro instruments at your disposal like SQQQ ultra Lev short ETF of the Nasdaq. My belief is we are only in the 3rd inning of the Fed tightening cycle. Ps I hate giving sports analogy but at the end of day 'investing' is also a sport I guess...maybe chess is more appropriate. Long XBC ACB 2.01$ Peace...Going Vegan not by choice.... haha
Comment by
Gann999 on Jun 13, 2022 9:52am
Higher interest rates are here to stay for a few years in my opinion I wouldn't count on any lowering anytime soon
Comment by
filoux004 on Jun 13, 2022 9:58am
I could not agree more ...Peace the history books will call this period 'The Great Cleansing' or to put it in Darwinian terms 'The strong survive, the weak...Peace. long XBC
Comment by
whognu1 on Jun 13, 2022 10:18am
maybe, it depends on your definition of higher rates personally, i think +/- 4% (10yr) will do the trick, and would be surprised if it gets there for more than a month or so either way, clip 3% coupon, and wait would be max 10 % position money in the bank (eventually) good luck