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They’re going to take some draconian measures with the second wave. If they were smart they would print money and put it in the hands of the people this time and not the businesses to spur spending.
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tech vs every other sector. This alone is why every stock I own is related to tech in some way.
Curious to see how the SaaS stocks line up vs the other tech names (excluding the established behemoths)
From this week’s barrons article about SPAC’s
Virgin Galactic’s chairman, Chamath Palihapitiya—an early executive at Facebook  (FB) who founded the Social Capital venture-capital fund—is back for more. In late April, while the traditional IPO market was shuttered, he raised two additional SPACs: Social Capital Hedosophia Holdings II  (IPOB), with $414 million in IPO proceeds to seek technology investments in the U.S., and Social Capital Hedosophia Holdings III (IPOC), which raised $828 million to target tech companies abroad
gonna keep an eye on those two since I respect chamath.
Out of curiousity, what’s the benefit of SPAC vs traditional IPO? Do they save a lot of money? Is it the lack of a traditional lock up? I wonder if we’ll see more companies go that route or if it will be reserved for the smaller company/the boiler room type company.I had a potential client call and they’re considering raising a SPAC right off the bat versus a traditional fund.
When I’m on PC next I’ll post my retirement holdings which is tilted tech but has a mix of mutual funds and other stuff.
Fed's Yellen expects no new financial crisis in 'our lifetimes'Fed's Yellen expects no new financial crisis in 'our lifetimes'
U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash.www.reuters.com
*she was my prof for macro-econ...I shoulda listened to her
welp know what i’m doing tomorrow morning..I am a sucker for $2 stocksAnyone else on $IDEX? Twitter is pumping it pretty hard for Monday. I bought the hype and pretty well on $BYFC on Friday.
30% of Americans missed their housing payments in June
As the United States continues to face record unemployment due to the coronavirus pandemic, a "historically high" rate of 30% of Americans missed their housing payments in June.www.cnbc.com
But everyone still saying the market is heading to the moon
Interested to see if we hit a circuit breaker this week
The last 3 posts are exactly how I have been acting with this market - a lot of people aren’t touching real estate and there are STEALS at certain price ranges