Hmm, new thread title?

It's gonna get worse before it gets better.

Nikkei is down and falling. If Hong Kong and China open red it's gonna be game over for tomorrow.

 

I love it. The war chest is waiting with open arms.

 

Putting that HELOC to good use I see. lol

 

Bingo. A line of credit is essentially a put position on cash. I'm happy to short it now and buy it back in 10 years

 

I don’t see no red.

 

Exactly. Even more so if you locked in at the lows, which I'm pretty sure you did, of those next 10 years. lol

 

It's a HELOC so it's adjustable rate, FFR + 2.75%.

I am not worried. The FFR is not going to 9.25 and my annualized average is 12%. As long as we stay below 9.25, this thing pays its own interest every year with the white meat left over for me.

 

But the 2.75% is locked, isn't it?

 

Correct, that's the base premium the CU applies to all the credit they extend.

Thats true of a lot of places - which is why so many people refi'd at a 2.75% over the past 2 years while the FFR was 0.

I didnt want to deal with all the closing bullshit of a cash out home equity loan, and wanted the flexibility of a HELOC. The adjustable rate is the devil on the other side of that deal.

 

Oils down too.
I'm not gonna get my hopes up just yet though.
I had the $80 calls on Thursday, going with what I knew, ie that its to obvious of a short, and I closed those damn things at a slight loss when it looked like it was gonna drop as it it broke thru $79.80.
I bought the puts when it was $82 and change.
Like I said, I'm not gonna get my hopes up too high on this one, but part of me also says that was a short squeeze on Friday's close. If it was a regular stock of a company, I'd say 100% that was a squeeze before the drop, but everyone out there is bullish still. That said, the open interest on P/C ratio is like 1.5 I think. I don't have my software open to check, but even that doesn't really mean too much. The big money could be selling those puts to bag the premium.

Looks like its down 1.5% atm.
What time is it in Russia? I'll look.
4:20AM.
Too soon to say Putin didn't do anything on V-Day or whatever they call it.
I wonder what's behind the drop.

 

Le jacqued

 

Been snowing here all day. Markets r fuk

 

How bad will shits get?
Should I stock up on ammo?

 

My Cryptno portfolio just hit an ATL. FML.

 

Yea. Exciting times

 

It was a long term hold anyway but now it's gonna be a really long term hold. lol

What's your thoughts on BBIG tomorrow?

 

My thoughts are it’ll probably get lost in the shuffle and do nothing. But that’s just my pessimistic realism

 

Realistically, it won't really go until after the Ex-Div date. It's gonna be an interesting few weeks. If the markets keep falling and BBIG can hold or make gains I think the FOMO will be ripe. Can't wait to see PM volume tomorrow as that should give an indication of the potential volatility for the day.