Current Affairs Stocks and shares and stuff
- Thread starter Paris
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Closing the exchange and cancelling trades to rescue a comapny that was short squeezed https://www.bloomberg.com/news/arti...ant-secures-bank-lifelines-after-epic-squeeze
I made the mistake of mentioning the rise in nickel to my kids and now my two older sons are hoarding nickels throughout the house
Interesting thread
Inverse of the ARK fund now more valuable than the ARK fund itself
WSJ News Exclusive | Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales
Saudi Arabia is in active talks with Beijing to price its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.
www.wsj.com
WSJ News Exclusive | Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales
Saudi Arabia is in active talks with Beijing to price its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia.
China trying to topple the dollar?
nikom court
Player Valuation: £20m
some handy tips from bloomberg on dealing with inflation.
orchard
Player Valuation: £60m
Don't buy in bulk... Obviously prices will be dropping next week, and the currency will be stronger. Lol.
evilwebby
Player Valuation: £50m
People who think Government Bonds are safe don't understand the nature of risk.
This is one of my favourite charts:
Meme stocks having a mini revival, Gamestop rose 29% yesterday and currently sitting at a 15% increase today. Got to be a good sign that the chairman is buying himself more shares just before they launch their NFT marketplace.
evilwebby
Player Valuation: £50m
Honestly, I don't know if we are in a bear market or just a correction in an ongoing bull market. However, bear markets are typically characterised by rip your face off rallies. Until recently the market was very oversold and due a significant short term rally. Look at the 2000 chart of Nasdaq - bounced around like a yoyo.
The investing environment is still getting progressively worst for risk-on assets as inflation will squeeze margins and lower profits across the board. It is not the time to be investing very aggressively.
The investing environment is still getting progressively worst for risk-on assets as inflation will squeeze margins and lower profits across the board. It is not the time to be investing very aggressively.
evilwebby
Player Valuation: £50m
Haha
Yeah, I have to admit that my JRS has been slaughtered. Overall I'm down about -75% on my whole position.
However I didn't bet the farm on it. I had about 1.5% in it, and threw in another 1.5% on the way down. Overall its taken my overall portfolio down about -2.5%. Not nice, but not the end of world in the overall scheme of things.. some people's portfolios go up and down by that amount every day. A well diversified portfolio means you can take risk in some sectors and even when it blows up it doesn't massively derail you in the long term.
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