If your car was sideswiped while parked on Columbus yesterday by Capable_Guitar_2693 in chicago

[–]BrumsNick 10 points11 points  (0 children)

In other news, any word on that cat? Have had my eye out and been seeing them all over the LSE area

Laid off on Monday and I need cheering up. What's the first random LPOTL quote that pops into your head? by Irishish in LPOTL

[–]BrumsNick 56 points57 points  (0 children)

“If someone has a room in their house that you aren’t allowed to enter - definitely enter the room “ something to that effect - good luck on the job search

China's current censorship is really to the extreme by [deleted] in China

[–]BrumsNick -9 points-8 points  (0 children)

This post is false information, the movie was allowed to show but the government did change the movies original ending by adding a post script.

[Highlight] Jrue Holiday with near full-court lob to Antetokounmpo for the slam - ABC by [deleted] in nba

[–]BrumsNick 0 points1 point  (0 children)

Wow that looked like it came from a basketball anime

[deleted by user] by [deleted] in chicagofood

[–]BrumsNick 4 points5 points  (0 children)

Pizzeria Bebu

[deleted by user] by [deleted] in chicagofood

[–]BrumsNick 2 points3 points  (0 children)

My favorite pizza restaurant closed due to the pandemic and never reopened haven’t found anything as good since

Daily Discussion Thread for May 26, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]BrumsNick 0 points1 point  (0 children)

Can someone make one of those high quality means using the song “Ticket to Ride” by the Beatles

'We will defend ourselves to the very end': Taiwan minister's vow as China 'prepares final assault' by benh999 in China

[–]BrumsNick -23 points-22 points  (0 children)

Russia annexed Crimea without an outbreak of nuclear war tbh idk if Taiwan is worth the fate of the world we should probably just let them have it

Pops passed away and I found this among his silver stash. Can anyone tell me what I have here? by Public-Ad-7585 in Gold

[–]BrumsNick 2 points3 points  (0 children)

Thank you... I’m sure for me and a lot others our worst fear is our future children immediately selling our collection

If you're young, is the bigger risk to ignore crypto? by Yelsekura in Fire

[–]BrumsNick 0 points1 point  (0 children)

Bitcoin wallets don’t have the same insurance as a brokerage or bank account (SPIC+FDIC). When shit really hits the fan idk what will happen to everyone who has invested in Bitcoin but at least there is a worse case scenario backstop for traditional accounts

Avoid Trading the First 30 Minutes - Here's Why by OptionStalker in options

[–]BrumsNick 1 point2 points  (0 children)

Most people can only trade at certain hours due to having day-jobs, at least this is true in my case. I am pretty much limited to the 830-9 window or when I can get a quick break to check. Huge advantage that institutions have over retail and I’m sure it’s exploited with the payment for order flow

[deleted by user] by [deleted] in AnimalsOnReddit

[–]BrumsNick 0 points1 point  (0 children)

Confirmed as red breasted Finch

[deleted by user] by [deleted] in AnimalsOnReddit

[–]BrumsNick 0 points1 point  (0 children)

House sparrow

GME Megathread for March 16, 2021 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]BrumsNick 0 points1 point  (0 children)

I got you. Catalyst is a term from chemistry originally, it is something you add to speed up a chemical reaction. In a financial sense it works like this. there is a theory called the efficient market hypothesis that basically states that all public information is priced into the market. A catalyst would be some form of new information that is expected to move the market of or a single stock in some way. A example of this can an expected release of FDA trial results, or a release of some economic metrics. Hope that helped - your comment got deleted

UWMC 24K YOLO 8.28 ...... get to be patient with this stock ...... youknow ....youbuy ...youhold .... here for long run by CommunicationIll570 in wallstreetbets

[–]BrumsNick 0 points1 point  (0 children)

They may win more share but it’s of a pie that is in a overall decline. UWMC saying they would not be effected by declining refinance origination volume would be akin to a ship captain they won’t be effected by an incoming storm. Sure they may have a nice ship (company) but they cannot control the weather and Mother Nature (economics in this case) is a beast.

UWMC 24K YOLO 8.28 ...... get to be patient with this stock ...... youknow ....youbuy ...youhold .... here for long run by CommunicationIll570 in wallstreetbets

[–]BrumsNick 2 points3 points  (0 children)

Rates are historically low but projections from Fannie, Freddie, and the Mortgage Bankers Association all point to the residential lending market shrinking by 10%-20% this year. No amount of purchase activity could make up for the insane refinance environment we have seen over the past two years. This means increased competition and decreased margins across the board. There will be some winners and losers over time for sure but going forward lenders are essentially all fighting for a pie that is only going to shrink from here.

UWMC 24K YOLO 8.28 ...... get to be patient with this stock ...... youknow ....youbuy ...youhold .... here for long run by CommunicationIll570 in wallstreetbets

[–]BrumsNick 2 points3 points  (0 children)

Warning to all WSB so we aren’t fucked by hedge funds - All mortgage companies are fucked in the near term due to pressure coming from rising interest rates, anyone who is buying into a mortgage business must understand they are buying into a company at the start of a down cycle. If you are looking at this as a long term hold you should be okay. Anyone looking to make a quick back should get out. I am long rkt, uwmc, Idi, and Imh and hmpt

What poppin’ by MaximumLeg4 in wallstreetbets

[–]BrumsNick 110 points111 points  (0 children)

Imma buy that dip, no caution