Recent content by Pavel Svinchnik

  1. Pavel Svinchnik

    Disappointing News for Democrats Today

    I hope you're right but I think there will be another big dip in late May or early June.
  2. Pavel Svinchnik

    Hate the New Bloomberg TV Format

    They were back to their usual format today, 4/1. Either the new format was an April Fool's Joke sprung a day early or they had a flood of complaints and switched back. Unfortunately, the format reversion didn't help the market very much.
  3. Pavel Svinchnik

    Hate the New Bloomberg TV Format

    I usually tune into the financial TV channels several times a day, alternating between Bloomberg and Fox Business News. This morning, 3/31/2020, Bloomberg had a new format on the screen. Where the old format was easily read, the new one is very cluttered and the essential numbers are too small...
  4. Pavel Svinchnik

    Zero Interest on 13-Week T-bills

    When one of my 13-week T-bills rolled over last week, the replacement only paid 0.29%. I had moved my savings account money into T-bills last year because the credit union is only paying 0.30% interest. This week's auction was a shocker; the interest rate is zero! Even so, they sold about $56...
  5. Pavel Svinchnik

    Death of the Dividend

    Today's (March 26) online Barron's has an article about companies that are trying to save their dividends. https://www.barrons.com/articles/dividends-are-in-danger-here-are-some-relatively-safe-plays-51585216801?mod=hp_DAY_10
  6. Pavel Svinchnik

    Gov. Cuomo for President?

    I see Governor Cuomo giving news conferences very frequently these days. He does a good job, answering questions without the usual waffling that politicians do. I get the impression that he's positioning himself for a 2020 presidential draft if Biden goofs up too badly, or at least for a run in...
  7. Pavel Svinchnik

    Foolproof recession indicator is glowing red

    The DJIA, S&P, and NASDAQ futures showing on Bloomberg are all down about 4% but those numbers are from the Friday close. We'll have to see what happens when the futures market opens again at 6:00 Sunday afternoon.
  8. Pavel Svinchnik

    Worst Pandemics In History

    I'm not sure why, but that reminds me of General Turgidson's comment in "Dr. Strangelove": "I'm not saying we wouldn't get our hair mussed. But I do say no more than ten to twenty million killed, tops! Uh, depending on the breaks."
  9. Pavel Svinchnik

    Foolproof recession indicator is glowing red

    I had about 20% of my self-managed equity investment funds in cash a few weeks ago. I was doing OK buying on the big dips and selling the next day on the rebound, occasionally buying small portions of stocks that I'd been watching for a while as loner term investments, but I'm pretty much out of...
  10. Pavel Svinchnik

    Hedge with Gold?

    I started buying junk silver before Y2K and have been adding a few rolls every couple of years. I buy old coins, Mercury dimes, standing liberty quarters and halves, coins from before they debased the coinage. If things get really bad, maybe I can trade with the locals for necessary items. I...
  11. Pavel Svinchnik

    Hedge with Gold?

    I see gold dropped significantly. Is anyone buying a bit, just in case we have another crash?
  12. Pavel Svinchnik

    What, if anything, are Market pros thinking?

    Seems like a lot of people expect another big crash sometime in the next two months and are willing to pay that premium.
  13. Pavel Svinchnik

    Is now the time to buy

    I bought 200 shares of American Airlines on the Monday swoon, thinking it would probably turn around in six to eight months, but it was up today (Tuesday) so I sold for a 15% profit. Just a small speculation with funds I don't need in the near future, but it's nice to hit a winner like that once...
  14. Pavel Svinchnik

    Funeral Business TV Today

    I turned on Bloomberg TV this morning and noticed that the morning lady was wearing a black dress. They cut to the morning man and he was wearing a black suit. When I switched to Fox Business News, again the lady wore a black dress and the man a black suit. They interviewed two guests, both of...
  15. Pavel Svinchnik

    Dont like crime?? $17/min wage would stop most of it

    $17 per hour is about $35,000 per year for a full time job. Drug dealing earns multiple times that amount without the pressure of having to get up early and be at work on time. However, a regular job has a fringe benefit of not being shot dead by the competition.

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