I’m just saying that cyber attacks on BTC or ETH, even if relatively minor, would create panic.
OT: Stock and Investment Talk
- Thread starter RU-05
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As someone who grew up in the 70's and 80's, I'd like to welcome all of the younger generations to the Cold War.
+1
Time to buy for long holders. These opportunities don't come around often!
All of the time. Satellite conflicts/wars where the two big guys never fought each other directly.
Conflicts Related to the Cold War
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Gotta watch Rocky IV tonight!
Because you still have to produce the electricity for all those EVs. And, alternative energy is a great concept but not practical nor cost effective. The green dream is just that, a pipe dream at this point with current technology.
Russia Foreign Ministry reporting they will respond to sanctions symmetrically in a tit for tat manner. If the US goes for the throat and cuts them off from SWIFT (which CBS is reporting is a likely option) I would expect a crippling cyberattack against our financial sector.
As you might expect, PANW up 6% in a sea of red in tech. Defense names in the green also but RTX has gone negative.
UL, I see has gone 40s again. If it goes to the level where I bought it some weeks ago I'd probably buy some back.
UL, I see has gone 40s again. If it goes to the level where I bought it some weeks ago I'd probably buy some back.
Good jobless claims and revised up GDP for last Q:
U.S. weekly jobless claims resume downward trend; fourth-quarter GDP revised slightly up
U.S. weekly jobless claims resume downward trend; fourth-quarter GDP revised slightly up
Well we'll see in later in the morning as well as afternoon trading. I've said before say 11:30ish give or take and last 2 hours of trading is where moves in both directions can be exacerbated. Plus tomorrow is Friday, will traders want to be long going into the weekend?
CRM in the green too. 190 was where I had that order that I mentioned I pulled and where I thought there was support. It broke it at the open but quickly retook it, Still think it could break even on good earnings just because of the overall market sentiment on higher PE stocks but we'll see.
CRM is easily a $300+ stock. Outstanding company! I own it in my long-hold stock account.
It hurts even when you have 25% of assets in the market. I would be crying if I had more than 50% in.
Why? Unless you need all your money right now, any temporary correction is meaningless. It's only a loss if you sell! :)
EV cars only account for 4.5% of total car sales in 2021. It grabs headlines and is growing fast, but still not moving the dial.
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Does a P/E of over 100 concern you? That is awfully high, IMO.
No. Not with their growth rate and wide moat, especially in the pharma and biotech industries. PEG is the most important metric for me, not P/E.
I think perception is the bigger issue = companies with high P/Es are likely to flat-line for the foreseeable future. And given a choice of big tech I’d buy GOOG, MSFT, and AAPL instead.
Pisani mentioned something just now I was wondering. Staples on my screen are mostly red and Tech is about 50-50 red green. Staples had been decent on a relative basis to the market. Tech not so much. Maybe rotation and is value being seen in some Tech finally? Don’t know if just a short term thing or longer term thing.
Mega techs have been good to retail investors. Not surprised they catch a bid. Will it last?
ETA AMC and GME are also in the green. LOL
Meme stocks don't interest me nor have I ever even had them on my screen at all. Other than an occasional curiosity, I've never looked them up really.
Megacap tech on the other had I wonder if it's not just retail but institutions also at least starting to add specifically the ones that have reported good earnings and solid or better guidance. I don't think you can have any conviction though that it couldn't go lower and that it would last. There's too much uncertainty for that currently.
I like staples but like I've said above a couple times I don't know if you can find value there currently except for a name here or there. I think you're more likely to possibly find value in some tech names that have been taken down quite a bit or even more.
Panelist on halftime said more companies in the entire Nasdaq are at 52 week lows compared to 2002 and 2008. The other day I heard about 38% of the S&P is in a bear market.
you sure about that? I think the markets are just getting started for a protracted downward slide. Dementia Joe does not know how to manage an economy as big and as complex as the U.S. In fact, Dementia Joe couldn't run a lemonade stand very well.
Just looked for the first time today (stupid work meetings!). Weird to see AAPL down compared to the other big boys, but still rebounded quite a bit from the low of the morning.
Heard about one of the occasional panelists comment about AAPL testing their uptrend. It's testing a couple moving averages now too. There's a bearish options trade in the video here for AAPL but I don't post for that but more for the idea that is one of the last stalwarts ready to join the crowd. These guys are some of the panelists on CNBC's Fast Money.
Sounds like the bottom! :)
Seriously, has there ever been more FUD that now? Inflation, rates, WW3. All the extreme worst case scenarios being throw at the market. Social media, 24/7 news, fear porn at its zenith. That's when you are suppose to ...................................... you know the rest.
😁
I don’t think we’ll really know how low the market can go until Putin responds to the sanctions.
He can't do much against sanctions. Big talk and hope China bails him out as much as possible, His economy is small and essentially a house of cards.
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