All things STOCKS

#14,026
#14,026
Go aeiou said:
They let their actuaries tell them the likely outcome of different decesions. It's all about $$$.
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The cost/benefit calculus might be completely different if they assume the insured will be a policy holder for five more months versus five more years.

I have no idea how it works.
 
#14,028
#14,028
Velo Vol said:
Crypto.
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I’m doing plenty of crypto through MSTR positions and options sales. I don’t care to mess with it much more than that. I’m less and less interested in crypto as time marches on. Money laundering and tax evasion seem to be their biggest selling points. Poor store of wealth - zero income. Plus it takes a **** ton of electricity to support it. Not really a sound business model.

I would consider keeping a tiny crypto account, but I suspect that those come with huge trading fees. I’m on the Fidelity waiting list.

Currencies are the largest securities markets in the universe. By far. I might short Neptune’s rare earth materials. But since it’s mostly a gaseous planet there would be a scarcity of their rare earth materials. Maybe I need to be on the other side of that position.
 
#14,031
#14,031
Thunder Good-Oil said:
100%. Spending on expensive drugs to keep unhealthy, net negative clients alive for increasing needs for more expensive treatments isn’t good for insurers’s bottom lines. Unless they also sold them life insurance.
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That is the poor people. Not the target customers.

The actuaries will figure out the exact ages / numbers.

But, for most of us posting in this forum, we are 30-40 pounds overweight. Have good insurance. Ages 50-75. That would be the target customers.

As predicted, Novo Nordisk (NVO) is opening up 3% today
 
#14,032
#14,032
Another neutral market trending negative. Feels like we close red. Per Rodney Dangerfield, that means BUY BUY BUY!

Think $97ish is a good but point on Amazon? We're heading that direction
 
#14,038
#14,038
Go aeiou said:
Just the opposite of what happened 15 years ago when some lenders could care less about "ability to pay".
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I actually bought a house in May 2008.

The bank hustler offered to lend me like up to $1.1 million. I told them I couldn't pay that much back. They were like, who cares? Lol! Wild times
 
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#14,039
#14,039
Jax_Vol said:
I actually bought a house in May 2008.

The bank hustler offered to lend me like up to $1.1 million. I told them I couldn't pay that much back. They were like, who cares? Lol! Wild times
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I was the chairman of the loan commitee of a community in 2008-2013. We had hired someone from Country Wide to handle mortgage loans. Fortuanately we reviewed motgage loans as most were over her lending limit. We turnd down 80-85% of the mortgage loan applications she sent to us. She didn't work at the bank very long.
 
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#14,042
#14,042
What caused my green to turn to red? I haven’t been watching the CNBC play-by-play today.

I almost sold some covered calls this morning. That was a missed opportunity.
 
#14,043
#14,043
Go aeiou said:
If the Fed raises rates more than .25% the Dow might lose 1000 points?
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Maybe, but the belief in an upcoming pivot remains strong.
Thunder Good-Oil said:
What caused my green to turn to red? I haven’t been watching the CNBC play-by-play today.
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I don't know the official reason, but some Fedsters quotes were on the Twitters, sounding a bit hawkish.
 
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