jsasker007
5 year old buck +
Nothing in the stock market is fool proof in my opinion.
Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
Bowsnbucks
5 year old buck +
Bond market isn't liking what it sees ahead. Yields rising on returning / rising inflation concerns. Just read an article where traders are forecasting tariff problems and even increased spending ahead. Choppiness predicted. Not my forecasts - those belong to the bond market traders & analysts in the article. FWIW.
Telemark
5 year old buck +
DAMMIT! Two days in a row, the stock I said I was going to buy gapped up at opening the day after I said I was going to buy it. I need to just start pulling the trigger on these trades instead of talking about it. Costco jumped Wednesday after close, and now Valero jumped this morning.
I've got my lots of 100 in, ready to learn about selling covered calls. Here we GOOOOO!
I've got my lots of 100 in, ready to learn about selling covered calls. Here we GOOOOO!
Telemark
5 year old buck +
I'm slowing my purchasing. I will pick up some more DJT and sell covered calls on it, probably only a week out in the beginning while I'm learning. It's easy enough to buy in lots of 100.
PLTR looks like it's in a major correction. I was happy to pick some up well below ATH, but now that it's dropping down nearer the price I originally paid, I'm going to wait until I see sentiment change.
So many double top tests into resistance in the market, and the whole market down several days in a row. I'm in wait-and-see mode.
PLTR looks like it's in a major correction. I was happy to pick some up well below ATH, but now that it's dropping down nearer the price I originally paid, I'm going to wait until I see sentiment change.
So many double top tests into resistance in the market, and the whole market down several days in a row. I'm in wait-and-see mode.
SD51555
5 year old buck +
This is an interesting take on the California attack. I don’t have any feelings one way or another if this will happen, but it’s an interesting take.
This is particularly bad given the insurance companies cannot afford to be forced to liquidate their severely underwater bonds to pay claims.
Sent from my iPhone using Tapatalk
This is particularly bad given the insurance companies cannot afford to be forced to liquidate their severely underwater bonds to pay claims.
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Telemark
5 year old buck +
Might be a good day to scalp EIX with a short position.
bwoods11
5 year old buck +
I am in the insurance business as an agent and I closely follow the industry. I do not invest in insurance companies, with the exception of one life insurance company that does more annuities & investments than anything.
It’s a risky business and companies like Travelers, Allstate & State Farm can have good years, but will on occasion take it in the shorts ! It’s hard to guess what’s next in California, I doubt many companies will want to continue to write fire policies in this area ?
I just think there are better investments out there .
It’s a risky business and companies like Travelers, Allstate & State Farm can have good years, but will on occasion take it in the shorts ! It’s hard to guess what’s next in California, I doubt many companies will want to continue to write fire policies in this area ?
I just think there are better investments out there .
BuckSutherland
5 year old buck +
^^^
I make most of my $$$ being an exterior remodeling contractor. I'm a sole proprietor and do LOTS of storm restoration. Get to deal with State Farm and some of the other big companies on a weekly basis. I would say at least 33% of my stuff is done with State Farm as the insurance carrier. I would rather buy a flaming bag of dogshit smeared in catshit and puke than to buy ANYTHING having to do with State Farm. They are among the most horrible pukes on the planet. All the local agents are great, but they are completely detached from the atrocious claims dept. I have stories that would make your head spin in amazement. I have seen intentional malice against their insured on several occasions. HORRIBLE, HORRIBLE, HORRIBLE!!!
Like a good neighbor State Farm is there if they are the guy screwing your wife and stealing your shit.
I make most of my $$$ being an exterior remodeling contractor. I'm a sole proprietor and do LOTS of storm restoration. Get to deal with State Farm and some of the other big companies on a weekly basis. I would say at least 33% of my stuff is done with State Farm as the insurance carrier. I would rather buy a flaming bag of dogshit smeared in catshit and puke than to buy ANYTHING having to do with State Farm. They are among the most horrible pukes on the planet. All the local agents are great, but they are completely detached from the atrocious claims dept. I have stories that would make your head spin in amazement. I have seen intentional malice against their insured on several occasions. HORRIBLE, HORRIBLE, HORRIBLE!!!
Like a good neighbor State Farm is there if they are the guy screwing your wife and stealing your shit.
SD51555
5 year old buck +
Well, the P&C companies didn't collapse today. I wonder what the re-insurers are doing? I don't remember any of those names though. I used to love insurance. They were good for solid decent returns. But when free money went away and the bonds went bad, the free ride was over.
bwoods11
5 year old buck +
The payouts in California will be unbelievable! There are thousands of Californians that had high deductibles as well . I would not doubt if some had 50,000 deductibles ?
The cost to rebuild, the personal property, & then to pay the insureds to live somewhere for a year ? It will be a giant $$$ number !
The cost to rebuild, the personal property, & then to pay the insureds to live somewhere for a year ? It will be a giant $$$ number !
Howboutthemdawgs
5 year old buck +
That somehow you and I will all pay for
Bowsnbucks
5 year old buck +
You don't think there'll be a few "good guy" insurance companies that'll keep their rates low??? Not on your life. Every insurance company will want a piece of the increases in premiums - so we'll all pay through the nose. I agree with you, Dawgs! Ask the folks in Fla. & Louisiana how many gabillions in losses they've had in the last 10 to 15 years. Many companies won't even write policies in those places anymore. Where does that leave people??
SD51555
5 year old buck +
This can't end any other way than federal bailout. The state backup fund doesn't have 1.5% of the reserves they need to pay estimated claims against it. Even if the property owners are bailed out, chatter is the permitting is so awful in california, most people will die of old age before they ever get to start building.
SD51555
5 year old buck +
In other news that probably doesn't matter. Japanese 10 year bond yields are rising. That almost imploded our market until the JCB president got a talking to a swiftly reversed course and decided to continue feeding the japanese to american bankers. Now, the yield is on the rise again, and is already higher that before the last dump.
SD51555
5 year old buck +
Here's what happened last time.
foreignpolicy.com
How Japan’s Yen Carry Trade Crashed Global Markets
An obscure strategy wreaked short-lived havoc.
foreignpolicy.com
Bowsnbucks
5 year old buck +
These kinds of instantaneous, behind closed doors, another-country & time zone maneuvers can wreak global financial havoc. Such instantaneous moves here in the U.S. and elsewhere can ruin folks financially without the SEC and other agencies that we've had for decades to protect investors. Such moves affect all of us, regardless of political affiliations, amounts invested, and where our money is invested. The only ones who know about, and can profit from such moves, are the insiders. The rest of us find out after the insiders have fleeced the us and / or markets.
This kind of thing is why we need the SEC, FDIC, CFPB, and other regulatory / protective / oversight agencies. Today's biggest thieves wear suits, drink single-malt scotches, and puff on hand-rolled Havanna's, while their private jet fuels up. A keystroke, or signature on a document, can ruin any of us financially.
Everybody sleeping soundly?
This kind of thing is why we need the SEC, FDIC, CFPB, and other regulatory / protective / oversight agencies. Today's biggest thieves wear suits, drink single-malt scotches, and puff on hand-rolled Havanna's, while their private jet fuels up. A keystroke, or signature on a document, can ruin any of us financially.
Everybody sleeping soundly?
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MN Slick
5 year old buck +
What is your experience with Accuity? Our hail damaged roof got rejected. The claims guy was inspecting our roof while the neighbor's roof was being replaced 15 ft away from him. We requested a 3rd party engineer inspection, who said our roof had "man made damage". I knew I shouldn't have been hitting 9 irons off my roof! F-ers!!
