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Rusty Shackelford

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Everything posted by Rusty Shackelford

  1. I have a question for the bankers about reserve ratios. I have seen where the Fed has temporarily reduced their reserve requirement to 0%, but doesn't the BIS - Basel Committee have their own standards that banks have to follow, or are they just strong suggestions?
  2. I understand all that about decay on the NAV, but what happened on Friday was DRIP market price trading at an obviously extreme premium over NAV. It’s normal to be off a few %, but the bids and asks drive the market price, and they went full retard on Friday. Do you think it’s the algos or humans that couldn’t set a fair price during the session?
  3. Wow, I just checked the term structure here http://vixcentral.com/ Looks like VXX should benefit from massive backwardation for a while, as the VIX usually doesn't tail off that fast
  4. Anyone follow the DRIP etf? Holy shit that etf is broken, this should be updated shortly to report today's price, but on Friday, DRIP closed at $426 vs. the NAV of $213 http://www.direxion.com/products/daily-sp-oil-gas-exp-prod-bull-3x-shares# Looks like they may have narrowed that massive gap today, but WTF causing this?
  5. Can you just rename this one the Surly Snowflake thread for now?
  6. Maybe I should have titled this thread - The beginning of Universal Basic Income in the US?
  7. Starting to see even some Repubs advocating for temporary household helicopter money, I thought that was only for "socialists"? Not sure you can possibly ever put that genie back in the bottle once it's out?
  8. The graph I shared shows massive inflows to the etf.
  9. Jumped on Lab Corp $LH and Quest Diagnostics $DGX for the Trump bump before the markets closed.
  10. Strange to me that Iran was blowing shit up last summer, but is just sitting idle now?
  11. Looks like there's usually not any lag to speak of historically in 10 yr UST and 30 yr mortgage rates, although the mortgage is not falling as fast this time. https://fred.stlouisfed.org/graph/?g=omTO
  12. Fed funds rate cuts seem like they don't really work , so here's a Fed President with some new ideas: https://www.reuters.com/article/us-usa-fed-rosengren-idUSKBN20T2N1
  13. Looks like we're in for another deep "V" shaped rally, just like Christmas 2018.
  14. just follow this guy for all surly/aggy stonk tips https://stocktwits.com/Rocko20
  15. Maybe it's just me, but I don't think "dead cat bounce" would ever apply to the DJIA. I reserve that term for shit companies like CHK or JCP
  16. Central Banks are going to move the markets in a major way, but 99% are going to miss it once again.
  17. I haven’t been following it that closely but I figured the Chinese who are not getting a paycheck are liquidating to pay for rice and to keep the lights on.
  18. Rumors are that there will be a coordinated central bank intervention before markets open next week.
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