Submitted by old_shows t3_1260s7q in wallstreetbets
old_shows OP t1_je84inl wrote
Reply to comment by DYTTIGAF in Commercial Office REITS Pop after Selloff [SLG] by old_shows
My business profits when classes of commercial real estate drop in price. If that were the case, I’d happily believe it. But, you’re indefensibly wrong about this. And you’re forecasting 9-10% sovereign debt in developed markets!? I’m not even going to begin to tell you how impossibly stupid that is. Suffice to say it wouldn’t be “risk-free” as nearly every country would default on its debt. I’m done responding to you because you are spouting nonsense that could very easily be invalidated by 5 minutes of reading.
old_shows OP t1_je9uwdh wrote
Popped 📈 4.20% as of 8:51am CST, suck it to the naysayers
DYTTIGAF t1_je8ddhv wrote
I don't need to be right. The market is telling me that I am right.
My position is the marketplace is forecasting these truths. You can ignore these breadcrumbs all you want (and following your own beliefs).
You're not selling me your views. I just presented mine.
That's why you have a counter party in every trade. You have winners and losers. You exchange that value in every transaction.
Good luck.
Steve_Dobbs_69 t1_je9l8r6 wrote
I’m up on SLG shares and also bought in on all its preferred shares as well, just bought in at the beginning of market yesterday. I use an AI program that trades for me, was surprised to find out it selected these. I don’t know anything about SLG, the dividends look nice. I also thought it was strange that the AI selected commercial real estate. Maybe people are going to be headed back to the office and commercial real estate is oversold? Let’s see.
old_shows OP t1_je9vje6 wrote
It was the most oversold CREIT of the post-SVB crisis. It was completely relentless on the way down with multiple days of double digit % losses. The dividend is going to get hammered in April but, the momentum is real after opening again strong this morning. Def a ride the momentum and gtfo trade in my opinion. Great to see the algo’s supporting the trade, if people pile in, these shorts will get squeezed hard.
old_shows OP t1_je9l3bb wrote
There is nowhere in the market that is telling you sovereign debt yields will rise to 9-10%. That’s so absurd it borders on conspiracy. Your apocalyptic and way-too-self-assured style of speaking confirms that you’re listening to quacks. Best of luck waiting for the world to end. I’m sure it will be immensely profitable for your counterparties.
DYTTIGAF t1_jea3sa6 wrote
BX just told their investor group the Federal Reserve isn't stopping their rate escalation until late 2024.
Do you honestly believe they would waste the equity of 9 rate hikes in just over a year to reverse course now?
Dumb and stupid is no way to go through life.
old_shows OP t1_jebk85l wrote
“Blackstone Inc.’s Jonathan Gray expects the US Federal Reserve will raise interest rates to 5.25% to 5.5% and will then hold there an extended period of time, despite emerging signs of slowing inflation.”
…“While the firm expects an inverted yield curve and slowing economic activity this year, the world is in a ‘much better spot’ than during the 2008 financial crisis, Gray told a Hong Kong audience at a Webinar held by the Hong Kong Academy of Finance on Thursday. ‘It feels to me more like what we experienced in the early-2000 period where we had technology stocks that had run up too much, we had a Fed-induced slowdown that ended up being shallow and we then came out of it.’”
From Bloomberg, 2-16-2023.
Again, fucking read dude. You’re the worst kind of stupid. There is no winning with someone who is both arrogant and dumb. I sincerely hope that when the world inevitably presents you with incontrovertible evidence of your own idiocy that you possess the self awareness to internalize it and be humbled.
DYTTIGAF t1_jebr485 wrote
What's the problem Princess. Do you you really believe an inverted yield curve that predicted every recession for the last 50 years is going to be beneficial?
You only have 120 Karma. You have 9 posts about watches and 1 post on WSB. What are you some paid hack for this stock?
I can tell by your persistent disregard for reality and facts you're pumping this stock. You're such a lightweight you don't have enough brainpower for me to block you.
I will just let you be. Sucking your thumb.
old_shows OP t1_jed06m5 wrote
You’re still yet to make a single coherent point. Bragging about how much time you spend on Reddit and WSB is so myopic that it’s sad.
DYTTIGAF t1_jed1d84 wrote
Look at you coming back for more abuse. You're such a narcissistic twit.
You so uneducated you can't swallow what was said and points made because they went over your head.
You sound like the sales twits that work for me. Go back to looking at watches, blow drying your hair, and dreaming of a Porsche.
Geez. You're a cliche. Go work for another 20 years and get back with me. You're wasting my time.
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