Actually not just on the corporate side, majority of US households also got issues, not going to elaborate more as I
Just my 2cents. DYODD

so the advice is, we should keep 60% in cash for now?

Any examples of good dividend portfolios?

US govt is racking up a deficit of USD97 billion a month

https://www.cnbc.com/2020/02/12/us-deficit-...-past-year.html

That's more than a trillion dollars deficit pa.

And the banks are buying this debts, and the Fed is buying from the banks. Basically it's money creation out of thin air.

N where do this money end up... S&P500..

Ok, now you know why I said I am new to these instruments...thanks for the reminder 

I  need to keep myself occupied while looking for opportunities (now back to 90% cash position after profit taking), so maybe this should interesting to explore.

Many thanks for the reference, I will read and digest.   

Yes, the US market was red and risk off as the reality of the impacts of the virus start to sink in (otherwise to them, it's just another 'flu') But what 'flu' will cause disruptions to global supply chains, travel bans, lockdowns, social isolation etc ?

Btw, I read earlier that Fed plans to  taper off QE by Q2, but I think they might continue to pump given the market situation now. Let's see..

anyone into energy stocks?

looks very very beaten up.

10 yr low or something...

opec expected to cut production.

hence the 5% crude price rise this session.

re-entered XLE after a long break.

will see what happens next...

It won't die. It just transition. That's why the oil and gas companies have hand in electric vehicle charging, renewable energies.

Don't forget no renewable energy can heat up house in winter completely.
Poor countries like south east Asia,  India, Africa still relay on oil.

Yes, the CBs are taking over the role of WHO to address the spread of the virus so that we don't have supply and demand interruptions...

Edit typo

What a wild roller coaster... It closed almost the same price as last Friday.
All calls sold didn't even get exercised. Get to keep them again.. sold PUTs all expired worthless this week. 

Not everything is about money. China is building its strategic oil reserves in case of war.

Not sure china made a loss or not. All I know is saudi is the one making huge losses. Why do you think  they IPOing Aramco? Their kingdom was in pretty bad shape because of their decision to try to fight US shale.

New York declares state of emergency over coronavirus outbreak

I wonder what will open on Monday Opening, this is just the start 

trump declared emergency funds, rebound big time... call it distortion or twist or positive, whatever...

the fact is worldwide this covid19 thingy isn't going away just like that.

since a cat has 9 lives, two lived, maybe we will see another 7 waves of monster yo-yo's.

I already got. Last Friday. Double what amanah saham can give me. Will add some more.

Later will buy Starbucks, mcd, Brookfield and family if they are priced cheaply.

Something is not right with this market, why safe haven such as gold still selloff together with equities?

I know there could be margin calls which led to some investors liquidating their gold, any other explanation besides this?

Edit typo.

“We did not know how to navigate the virus and chose not to because we didn't think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk,” Mr Dalio said in a statement to the Financial Times. 

“We’re disappointed because we should have made money rather than lost money in this move the way we did in 2008.” 

i think the guy meant "50% from peak" - u can do the math.

All told, these five companies generated $340 billion in free cash flows from 2010 through 2019, while rewarding their shareholders with $556 billion in share buybacks and dividends—leaving a $216 billion cash flow deficit that these companies covered with other sources, including new borrowing and asset sales. In other words, over the last decade, these five companies covered only 61 percent of their shareholder payouts from free cash flows, while funding 39 percent of those payouts by other means.

I read that USO is good for short term tracing of WTI, but not good for long term because "the fund may experience contango when rolling the futures contracts, which is unfavorable for long-term investors."
Wondering if there is any ETF good to trace crude oil long term?

* Crude Oil May 20 (CL=F) now down 0.75%, but USO down 6.1%. Quite different.

SPY and VOO do not have the above "rolling contracts" issue? Good for long term?

Thank you teachers here! 

http://www.uscfinvestments.com/resources-filings/commodities/uso

everyone is watching for unemployment data pre-opening.

if actual is better than expected, will see a rally!

it looks like 30% or 40% of people going unemployment but higher income than before they went on unemployment.

According to data obtained by PolitiFact, at the national level, unemployment covers about half of a person’s wages at up to $450 a week, which comes out to about $225 a week.

“So, a person who normally earns $450 would receive $225 in regular unemployment benefits, plus the $600 bonus, or $825 a week  – more than their regular pay. That’s about $21 per hour,” PolitiFact reported.

Yes, that's just ridiculous. So, those lower wage earners in US benefited the most here.

The system would just encourage them to stay unemployed for now.

It's better still for those who are just furlough.. but not completely layoff.
When their company resumes operation, they get called back to work.
During this time, it just one big giant 2-3 months PAID holiday PLUS...

They're getting extra $1200 from IRS per single individual, $2400 per couple plus $500 for every child as one time.

AND....US congress is proposing $2000/month for the next 6 months...  

Yep.. but still have to look at industry specific. Energy, travel, and banks haven't recovered as strong since March lows. I still believe Tech is still wayyyy overvalued. Exited Tech positions this week. Hope I did not make a mistake 

Oh wow.. Bank of NY Mellon increase today.. I really thought their results are gonna be terrible after WB sold off some last week. Their earnings beat estimates.

The University of Chicago Medicine recruited 125 people with Covid-19 into Gilead’s two Phase 3 clinical trials. Of those people, 113 had severe disease. All the patients have been treated with daily infusions of remdesivir.

“The best news is that most of our patients have already been discharged, which is great. We’ve only had two patients perish,” said Kathleen Mullane, the University of Chicago infectious disease specialist overseeing the remdesivir studies for the hospital.

I kinda agreed with you on the liquidity. However, as far as I know now, the liquidity has not spilled into the US public in a big way;  perhaps soon with all the stimulus packages being planned for their people.

As it is now, it is still deflationary with all the near zero interest rates in place but I do note that this might turn into hyper inflationary if things go out of control.

In addition, currently there is USD shortage globally so the balance is still intact to balance off the excess liquidity.

While the Fed pumps the market, it's the top 1% who have invested and have vested interests in the market will gain. So while they are at it,  why not pinch some of the excesses

The stock market  is rigged and is not the barometer of economy, and is never one in the first place.

Nonetheless I know you mean well when you advise not to put stock market as my  priority, but it is a means for improving  my financial and investment knowledge compared to zero 2 years back.

BTW I am not encouraging ppl to invest with my post above, especially if they don't have any sort of risk management in place of downturn.  DYODD.

Long Term QE effect: Inflation on broad basket of item as value of money goes down.

Short Term QE effect: Inflating asset class, as this is where the money flow in the fastest

If we have learned something from last financial crisis is that free, cheap and easy money will always flow into equities first and subsequently other asset class. Last round of QE already benefited asset holder so much, if we din't take advantage of Global QE 2.0 we would be a fool.

If you look closely, equities has already become even more inflated. AAPL has gone back to their dec 19 highs as if the covid19 and china/US retail store shutdown never happened. So in value wise, AAPL has actually become more expensive. Their market cap remain at dec 19 level, but their profit definitely not comparable. Forward PE has definitely gone up by a fair margin.

But the bargain hunter within me cannot buy it even though I know helicopter money is inflating it to infinity and beyond. Oh well, lets hope market gets rational soon and we see a correction nearer to the true value. Or either QR out and people got shock. Fighting my FOMO to wait for either one to materialized.

https://layoffs.fyi/tracker/

The company said its latest results benefited from strong demand for both high-performance computing components, which are used by cloud-computing companies, and “the continued ramp of 5G smartphones.” For the second quarter, the company sees weaker mobile-product demand, balanced by continued deployment of 5G phones, and product launches in high-performance computing.

but u c... that's the problem...

we know something is not right but it may not surface in the next 3, 5, 10 years.

what is going on is basically a postponement of some big problem into the future.

then again, people alive today aren't that interested in a time when they are r dead (or in a hospital  ).

here, watch this - the 4th wave:
https://www.cnbc.com/video/2020/03/26/is-a-...sis-coming.html

thanks for the sharing! im also interested in smaller banks and other regional banks.

https://www.federalreserve.gov/publications/files/2019-dfast-results-20190621.pdf

Commencing on April 17, 2020, and until further notice and market conditions and regulatory conditions permit otherwise, USO intends to invest approximately 80% of its portfolio in crude oil futures contracts on the NYMEX and ICE Futures in the front month contract and approximately 20% of its portfolio in crude oil futures contracts on the NYMEX and ICE Futures in the second month contract, except when the front month contract is within two weeks of expiration, in which case the futures contracts held by USO will be rolled into the second month contract and third month contract. Any investments by USO in crude oil futures contracts will be subject to any applicable limits on such futures contracts as may be imposed by the NYMEX and ICE Futures. The foregoing may impact the performance of USO. In addition, as a result of these changes, USO may not be able to meet its investment objective, which is for the daily percentage changes in the NAV per share to reflect the daily percentage changes of the spot price of light, sweet crude oil, as measured by the daily percentage changes in the price of Benchmark Oil Futures Contract, plus interest earned on USO’s collateral holdings, less USO’s expenses.

Thanks! Im looking at ITUB and offshore banks

mr trump now has his chance to save usoil - ban all incl saudi imports, shut down shale, throw in 1 trillion n buy up all the excess crude.

will/can he do it?!

interesting suggestion!

USO stops moving? halt?

Anyone of you planning to go into RDSB? Crossroads at either entering now or waiting to retest near March lows.

What would be your take on shopee? Im looking at charts and seems like 50 would be support and entry level for late comers and given the pandemic, consumer behaviours and consumption pattern will change. Understand this might be a growth counter.

Anyone here using 8securities? Is it good and reliable?

How about eToro?

Thanks!

Thanks for this info.

:Looks like unsustainable dividends at this rate.

Oil is cheaper than water and toilet paper. 

Very interesting price movement indeed. 

After that big negative number the prior day before expiration,
That's negative number is probably non-real when traders just unload 'em all at the end by cutting lost and not
accept the oil delivery for May. It rolls over to June contract now.. still closed under $10.

But, it's still quite insanely cheap... even for under $10 close today.

Looking at the future months, the spread between front and future months are quite big. I think the future
months still need to come down more. 

Read from somewhere road transports used up 2/3 of oil, the rest shares the 1/3.