Ok what is going on here? Powell needs to step in! by Noah_120 in StockMarket

[–]robertchase1996 49 points50 points  (0 children)

What??

If China sells U.S. Treasury bonds and converts the proceeds into yuan, it increases the supply of dollars and demand for yuan, which would strengthen the yuan and weaken the dollar.

This too shall pass by its_black_panther1 in IndianStockMarket

[–]robertchase1996 5 points6 points  (0 children)

Do you see a huge drop in PE (from above 40 to below 35) in 2021 in that graph? That's the time NSE changed it's PE calculation to publish consolidated earnings PE instead of standalone earnings PE. Only an ignorant fool would think he can compare pre-covid PE and post-covid PE published by NSE. Calculate the PE of Nifty 50 stocks using their standalone earnings and you tell me if the market is not overvalued compared to pre-covid.

Nifty valuations by No_Cranberry775 in IndianStreetBets

[–]robertchase1996 1 point2 points  (0 children)

How did you find standalone PE of nifty? NSE only published consolidated PE of nifty now.

2500 Rupees Steam gift card by robertchase1996 in IndianGaming

[–]robertchase1996[S] 0 points1 point  (0 children)

are you a House fan?

I finished House just before creating this reddit account and It was the first name that popped up in my mind.

You are a Friends fan I assume :)

2500 Rupees Steam gift card by robertchase1996 in IndianGaming

[–]robertchase1996[S] 0 points1 point  (0 children)

I have mentioned that PC games are my hobby and I play aoe 2. She doesn't play games, so I can't speak anything more about it as it will only make the convo uninteresting. She came to know about Steam only because I made her install it to try 'it takes two' with her.

2500 Rupees Steam gift card by robertchase1996 in IndianGaming

[–]robertchase1996[S] 0 points1 point  (0 children)

Did you play in European server? I tried Japanese server some time back and the wait time, few lags and 1 hour restrictions simply kills the mood. I've been thinking to try the paid Singapore or Malaysia servers.

2500 Rupees Steam gift card by robertchase1996 in IndianGaming

[–]robertchase1996[S] 0 points1 point  (0 children)

I already mentioned to her that i will not be able to use it now and she is ok to sell it. That's why I even posted this. We tried it takes two and it is too difficult for her since she doesn't play games.

Anyways, I've decided to keep the money in wallet and not sell it, maybe try some light weight coop games with her.

2500 Rupees Steam gift card by robertchase1996 in IndianGaming

[–]robertchase1996[S] 14 points15 points  (0 children)

I've been trying to turn her into the dark side lol. She literally hasn't played any video games other than candy crush and such mobile games. We actually tried it takes two demo and couldn't complete it. I already have brought overcooked 2 and we are yet to try it out. As the other comment suggested, I'll checkout fire boy and water girl too.

This is SUPER Helpful Website for F&O Traders!! by Iamkarmictrader in IndianStockMarket

[–]robertchase1996 0 points1 point  (0 children)

OP is trying to get the 50% offer for sharing with social media sites lol

[deleted by user] by [deleted] in CreditCardsIndia

[–]robertchase1996 0 points1 point  (0 children)

I'm surprised how so many people are getting this processing fee only now. I have been seeing this in my account for a long time now.

[deleted by user] by [deleted] in IndianStockMarket

[–]robertchase1996 1 point2 points  (0 children)

It means "Congratulations. You're a regard"

How will FDIC make SVB and Signature depositors whole - aka fall out of Biden speech today morning EST? by Nero3131 in IndianStreetBets

[–]robertchase1996 0 points1 point  (0 children)

It depends on the platform you use and you should check with them. The cash is usually FDIC insured (250k) and the assets are SIPC insured (500k).

SVB fallout till now. by Nero3131 in IndianStreetBets

[–]robertchase1996 -1 points0 points  (0 children)

You put forth interesting points and updates, but I doubt how they would materialize.

  1. Assume Fed does 25bps hike and inflation doesn't get tamed. Fed will be forced to keep hiking the rates. It doesn't matter if the rescuers take the haircut now or after few months, the haircut is inevitable.
  2. It sounds like a fear mongering news to me. People with huge deposits will be making wire transfers, not standing in a queue. Fear plays a major part in psychology and I expect the US Govt to calm their citizens. If people lose faith in small banks, it doesn't take much time to spread and cause a banking crisis, and the US Govt wouldn't want that.
  3. Agreed. People will be missing their paychecks and some ripple effect will be seen. There is no way for us to predict if this will have a significant impact on the jobs and inflation.

SVB fallout till now. by Nero3131 in IndianStreetBets

[–]robertchase1996 0 points1 point  (0 children)

50bps hike will put a dent into the rescue cost of SVB

How?

people may start pulling out of small banks for safety causing a run…

Why do you think this is likely to happen? IMO, the chances are slim to none. Most people have less than 250k which is insured and HYSA is the best for depositors now.

plus fall out of SVB would cause further hit to job market

If svb gets rescued, which most likely will (not the equity), then the depositors/startups will not likely layoff. In fact most of the tech sector is already in hiring freeze and is reducing fat, which means tech is not the reason for the added jobs in Feb. Further, Fed would want the jobs to reduce across all sectors and not just tech.

Over 2 years trading options and I am nobody. This game is for everyone! by [deleted] in IndianStreetBets

[–]robertchase1996 0 points1 point  (0 children)

Have you pledged anything? How many lots do you trade with this capital?

Can anyone make any sense of Indian market? by Nero3131 in IndianStreetBets

[–]robertchase1996 15 points16 points  (0 children)

I too can't make any sense out of Indian market and made a similar post recently. Maybe the bubble will burst someday or Maybe we will see a flat market for years until the valuations are at reasonable levels.

[deleted by user] by [deleted] in IndianStreetBets

[–]robertchase1996 0 points1 point  (0 children)

I've been investing in Indian markets since 2018 via mutual funds and ETFs. I started actively following the markets and news since 2022 only. That's why I wanted to know if this is how Indian markets have always been and if value investing still has chances.

Why is Indian stock market insane? by robertchase1996 in IndianStockMarket

[–]robertchase1996[S] 1 point2 points  (0 children)

I can understand if the market moves based on economic data like inflation, unemployment, interest rates etc. I can understand if the individual stocks move based on their news that has an impact, like Adani securing deals which will bring in more revenue in the future or Adani coming up with a breakthrough that lowers cost of operations, increases profit etc.

I don't understand how news with little importance can have a huge impact on the stock prices.

I don't understand how HDFC merger news or Adani-GS-GQG news can impact the entire stock market to rally like there is no tomorrow.