Lost Sheep, Build Thread.

[Taco Loco]

Powell: 'Some pain' may be required to slow inflation

Federal Reserve Chairman Jerome Powell said Tuesday that the central bank will continue to raise short-term interest rates until there is “clear and convincing evidence” that inflation is coming down.

finance.yahoo.com

UK is the 5th largest economy and its almost at the brink of heading into a recession because the ongoing inflation. Airplane landing,
Steep increase rates here will most likely put us into the same rut.

 

[CowboyTaco]

So my strategy has pretty much been to buy and hold quality stocks. Ride the ups and downs.

I recently bought ABNB, EXPE, and LUV. Also have a buy order in for DAL, but that one doesn't seem to want to execute. After purchase, put in limit orders to exit them at certain points. I don't expect those to be long positions, so they sort of break my rule. However, I'm thinking that people being restricted from travel the past 2 years and COVID restrictions being lifted, they could be in for a boost as we approach summer.

As for market in general strategy, I'm sort of kicking around the idea of setting an exit strategy, more or less. Not talking about closing out entirely, but some of my bigger investments have increased well, or at least had prior to recent downturn. I think (hope) they will go back up before they go down again. I'm thinking about taking my initial investment out from some of them and leaving the earnings in to ride the waves until things level out a bit more and aren't so volatile. Is that foolish?

 

[Taco Loco]

So my strategy has pretty much been to buy and hold quality stocks. Ride the ups and downs.

I recently bought ABNB, EXPE, and LUV. Also have a buy order in for DAL, but that one doesn't seem to want to execute. After purchase, put in limit orders to exit them at certain points. I don't expect those to be long positions, so they sort of break my rule. However, I'm thinking that people being restricted from travel the past 2 years and COVID restrictions being lifted, they could be in for a boost as we approach summer.

As for market in general strategy, I'm sort of kicking around the idea of setting an exit strategy, more or less. Not talking about closing out entirely, but some of my bigger investments have increased well, or at least had prior to recent downturn. I think (hope) they will go back up before they go down again. I'm thinking about taking my initial investment out from some of them and leaving the earnings in to ride the waves until things level out a bit more and aren't so volatile. Is that foolish?

I don't think so. Just keep an eye on the S&P it's only 5% off from being a bear market, I think Q2 reports will help define the overall market direction for the remainder of the year. The increase of interest rates does concern me, I doubt it will have significant impact on the inflation for this year.
Only thing I bought recently was amzn at 2180 share last week, I may pick up more shares in anticipation of the split. I'm happy with my oil stocks, wish I had bought more in January.
I have been quite busy lately, so I try and look at financials in the evenings and early mornings to keep up to date the best I can.

 

[Taco Loco]

@CowboyTaco

Damn son, what did you do to the markets today?!? They say history repeats itself, looks like we're approaching a repeat of a Black Monday in 1987.

 

[CowboyTaco]

Apparently, I picked the right (or the wrong) stocks to put in buy orders. None of my buy orders executed.

 

[tx_shooter]

So thoughts on the prime rate increase this week? I am still buying & slowly stocking up the basics the house uses. The goal is to build a cushion to ride out supply chain issues.

 

[tx_shooter]

So thoughts on the prime rate increase this week? I am still buying & slowly stocking up the basics the house uses. The goal is to build a cushion to ride out supply chain issues.

 

[Taco Loco]

So thoughts on the prime rate increase this week? I am still buying & slowly stocking up the basics the house uses. The goal is to build a cushion to ride out supply chain issues.

The FEDS have more hikes planned over next 6 to 12months, which will probably solve nothing, if fuel continues to rise, so does the cost and goods, count on recession, central/world banks are already preparing for one. The supply chain slinky will continue to stretch, as China's workers/population remain restricted.

 

[Taco Loco]

Lottery pool anymore?

 

[Silverback]

What is it up to?

 

[Taco Loco]

530 milks

 

[CowboyTaco]

Same prize amount here....I'm guessing that's not a coincidence.

 

[Taco Loco]

Same prize amount here....I'm guessing that's not a coincidence.

Duh its national lotto

 

[Taco Loco]

630 Milks now, no winner last night.

 

[CowboyTaco]

Duh its national lotto

I figured that was the case, but...

630 Milks now, no winner last night.

....I don't play the lotto. I like to keep money in my pocket, not throw it away. Though maybe I'll buy a ticket this time.

 

[Silverback]

Reminds me of an old joke. Guy dies and goes to heaven and meets God. Says God, just one question. Why didn't you let me win the lottery? I prayed hard every night, I was a good person. Why didn't you let me win? God says "I would have. You just had to buy the ticket!"

 

[Taco Loco]

 

[Taco Loco]

No winners, 790 Milks now, getting closer to Bill.

 

[CowboyTaco]

Interesting article on the current market trend compared to previous recessions.

S&P 500 Index: Near The Most Dangerous Phase Of Bear Market (SP500)

The bear market of 2022 has eerily similar characteristics of bear markets of the past. Read more to see what may happen next to SP500 Index.

seekingalpha.com

 

[tx_shooter]

Any thoughts on the impact of more African countries going away from only the US Dollar and starting to use a split Dollar/ Gold standard? It came up in a call at work today and I did a bit more digging. Apparently Zimbabwe is trying to use gold to stabilize their economy from continued crashing. The theory/ fear is if it works more countries will move away from the US Dollar and start using more gold. Which this will be good for gold values.

Zimbabwe Sells Gold Coins to Ease US Dollar in High Demand

Zimbabwe’s central bank plans to sell gold coins to the public from July 25 as a store of value to stabilize the nation’s tumbling currency and offer an alternative to the US dollar.

www.bloomberg.com