All things STOCKS

[Thunder Good-Oil]

I recently saw one of the commentators on (probably) CNBC citing some stats about share buybacks. In many of the programs they end up working against shareholders. Instead of retiring bought back shares, they tend to get awarded in rich compensation packages. Plus they indicated that there’s a 2% tax on those transactions by the government. I did not catch that that had passed. I thought that it was still a proposal. It’s part of the inflation reduction legislation. Now the government can easily bump that 1% to 2%. 3%, etc.

I like the concept of a well managed share buyback program. If a company is cash rich AND the shares are ridiculously undervalued in the markets then by all means - bUt shares if management knows that the company is performing really well.

Treasury, IRS issue guidance on corporate stock repurchase excise tax in advance of forthcoming regulations | Internal Revenue Service

 

[Go aeiou]

I’ve posted enough for you guys to know where I stand. It was fall 2007 and I was 27 when the banks were calling for a soft landing in August of that year.

The banks were the problem. They loaned money to anyone. BUT, not all banks.

 

[Jax_Vol]

Fed week continues to cause fear

 

[mrorange211]

The banks were the problem. They loaned money to anyone. BUT, not all of them.

Banks are definitely in a much better position, at least it seems, in 2023.

 

[Thunder Good-Oil]

Fed week continues to cause fear

CCI tomorrow at 10am.

ADP employment report Wednesday at 8:15am.

Fed Funds Rate Wednesday at 2pm.

Jerome speaks Wednesday at 2:30pm.

Various labor reports Thursday and Friday.

U.S. Economic Calendar - MarketWatch

 

[Velo Vol]

CCI tomorrow at 10am.

ADP employment report Wednesday at 8:15am.

Fed Funds Rate Wednesday at 2pm.

Jerome speaks Wednesday at 2:30pm.

Various labor reports Thursday and Friday.

U.S. Economic Calendar - MarketWatch

Likely the only one that really moves the markets.

 

[Velo Vol]

 

[VolAllen]

If playing Tesla this is about where I’d take profits if you jumped in at 100ish.

 

[mrorange211]

All is well and good, but if AAPL reports bad on Feb 2 this thing tanks hard. I dunno if that happens.

 

[Jax_Vol]

All is well and good, but if AAPL reports bad on Feb 2 this thing tanks hard. I dunno if that happens.

For those with Vanguard, feels like I need to buy a boatload of VITAX tomorrow.

 

[Orange.]

 

[Vol737]

Banks are definitely in a much better position, at least it seems, in 2023.

Bottom line, even the big banks didn't have any idea what kind or how many crappy mortgages they had stuffed into all the fraudulent bonds they were trading leading up to 08/09 financial crisis. Sounds like banks are passing their stress tests relatively well these days. Just hope there's no nasty surprises.

 

[Jax_Vol]

Thinking today is a repeat of yesterday. Red, red, and more red..

 

[Jax_Vol]

Ozempic Is Just The Beginning (yahoo.com)

 

[Velo Vol]

Does history rhyme?

 

[Thunder Good-Oil]

Does history rhyme?

They might be forgetting that there was a terrorist attack in 2001 that we weren’t prepared for.

 

[Velo Vol]

They might be forgetting that there was a terrorist attack in 2001 that we weren’t prepared for.

Obviously a lot of differences from 2001 to now. But interestingly that year the index finished 17% higher than it was on September 10.

 

[Go aeiou]

I currently have all SEP-IRA investments at Vanguard. I manage everything myself. I'm thinking of moving about 50% to a different firm. E Trade and Schwab are the two I am considering.
Any other firms you'd recommend with little or no fees for someone that does not need and advisor?

 

[Thunder Good-Oil]

I currently have all SEP-IRA investments at Vanguard. I manage everything myself. I'm thinking of moving about 50% to a different firm. E Trade and Schwab are the two I am considering.
Any other firms you'd recommend with little or no fees for someone that does not need and advisor?

I’ve liked Fidelity for trading options. I prefer it over Schwab for that. However 2 weeks later I’m still struggling to find what I need on their reconfigured app.

I have an account at Interactive Btokers that I have not funded yet. Their interest rates (margin and on cash) are the best. They focus on professional money managers and well experienced investors.

No need to go with Ameritrade since it will soon be folded into Schwab’s platform.

 

[Firebirdparts]

I have a hard time using mobile also. I don't often do it. Was on vacation for a couple of weeks so I was very motivated to figure it out, and somehow I did find it. Not easy, though.

 

[Thunder Good-Oil]

It’s not easy to see everything that I want to see while writing put or call options. And things like seeing the status of a GTC order means that I have to be in the correct section of the menu and then seems like everything has an extra level to click through. I’m talking about the Fidelity “upgrade”.

I’ve not funded InterActive yet mainly because of the extra security hoops to jump through to easily consolidate on my Morgan-Stanley app.

I keep my watch lists on my Ameritrade app.

 

[VolAllen]

What’s J Powell going to do today? Pause the hikes? Increase the rates? What are we thinking?

 

[Thunder Good-Oil]

What’s J Powell going to do today? Pause the hikes? Increase the rates? What are we thinking?

0.25%

Then he’ll open his mouth and clobber the markets.

 

[Jax_Vol]

0.25%

Then he’ll open his mouth and clobber the markets.

I concur with that assessment.

It is beyond time for us to replace J-Pow.

 

[05_never_again]

https://www.cnbc.com/2023/02/01/heres-what-changed-in-the-new-fed-statement.html