Almost as good as:
"The reason unemployment is low is that people are working two jobs.
--AOC
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
Almost as good as:
"The reason unemployment is low is that people are working two jobs.
--AOC
That assumes that the owners of Vanguard accounts have ownership in Ford and GM via Vanguard mutual funds ls as as opposed to direct ownership in their accounts.
Twitter says Elon Musk is trying to abandon his deal to buy the company because his Tesla shares tanked
Tesla shares have fallen almost 30% since April 25, the day Twitter agreed to Musk's proposed takeover.
Certainly, Musk would have had a margin call on the loan against his Tesla shares.
Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify
The consumer price index, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate.
Tough call. PPI is coming out tomorrow and is more forward looking than CPI (so it may paint a better picture of prices rolling over). Seems like everyone and their mothers are saying June was peak inflation.
I am scheduled to buy more on Friday. I may adjust. If we put in new lows, I will likely start converting regular ETFs to 2x leveraged plays to maximize the rebound.
T2K and Dave, It's a question of "what" you're considering buying and at what target price/range. So what's on the radar, exactly?
Still looking at -25% to -35% from S&P ATH as "the bottom." But there are attractively priced equities, now. Of course, those prices could become even more attractive as folks migrate out of index funds. Timing doesn't have to be perfect, though.
I'm solely looking at ETFs (normal and leveraged). I'm not a big stock guy anyway and since the entire market is oversold, my play is market or sector focused. Don't need to pick individual winners and losers, especially with 2x or 3x available to maximize returns. :)
My fun account is fully of 3x ETFs and I will buy more if we hit new lows. Sticking to my plan/schedule on buying for our E-Trade account (8 normal ETFs).
Also, if the S&P 500 hits -25%, I will convert my VOO to SSO in our Fidelity retirement account. Will likely convert VB to UWM (2x R2K). This is what I am watching for now.
You?
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Bernie's not stupid, he knows how direct/indirect stock ownership works. His base doesn't, and thinks institutional investors control boardrooms which plays into his crusade of breaking up companies like Vanguard, Blackrock, etc.
Make no mistake…ESG is driven by some big institutional investors. Biden gets blamed by the Hannity types for things investors like Blackrock are pushing….
…thus the nonsense about magic Canadian pipelines (pipelines don’t produce oil) and federal permits (of which there are plenty already issued and federal land is a small percentage overall to begin with).
Well... waiting for a bit. Closed my short-lived META position recently and took profit. Opened NVS. And ... GLD. My last buys were adding more BRK and new opening new positions in GOOG AMZN BABA, all in May-June. Now looking at MOO, per the overall agri-business dynamic. Dunno....
BRK, AMZN, GOOG, MSFT, ETN, PRU, C, ALGN, BEN, MS, SPY, QQQ, DIS,VZ, C, AXP, BDX , SBUX and ADBE probably 27% in stock. 8 dividend stocks, most down 30-50% and close to their 52 week low, and remaining growth. Still waiting for 25-30% down in S&P.
Very reasonable level for the S&P. I mentioned my plan above. The Nasdaq/QQQ is past that and so is the Russell 2K (if interested in small caps).
Netflix partners with Microsoft on ad-supported subscription plan
The streamer announced in April that it was planning on rolling out an ad-supported tier after years of resisting the move.
Good way to bring in more revenue. Don't need to go crazy, handful of ads won't bother anyone.Netflix partners with Microsoft on ad-supported subscription plan
The streamer announced in April that it was planning on rolling out an ad-supported tier after years of resisting the move.www.cnbc.com
I'm for it and I hope they do it for all tiers. I have the premium tier for the 4K streaming but it's pushing the limit of what I'm willing to pay for 1 service. I could end up doing the on/off thing or something else if they push much higher than it is. I've done the whole ad thing with Hulu so it doesn't bother me.
Users are not going to increase forever (obviously), so maximizing revenue per user is the way to go. Disney+ should get ahead of the game as well.
Inflation will go down, and eventually big; it just takes time. Commodities are plummeting, energy coming down, and supply is greater than demand for many goods.
Might take a couple of quarters, but T2K, I jumping on your inflation call. And we wouldn’t be in this much of a mess if the fed did their job sooner.
Hell yeah on the inflation call and the Fed screwing the pooch on this one. Way too late to the game.
Full percentage point? Many Fed officials have already cemented expectations for a 75 basis point increase later this month, but the latest inflation report is putting 100 bps on the table (Canada hiked by a similar amount on Wednesday). In fact, the CME Group's FedWatch tool now puts a 75% probability for a full percentage point hike on July 27, with another three-quarters of a percentage point coming in September. "Everything is in play," Atlanta Fed President Raphael Bostic told reporters, while Cleveland Fed President Loretta Mester added that "we don’t have to make a decision today." (
MS & JPM miss
www.cnbc.com
www.cnbc.com
JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks
Chairman and CEO Jamie Dimon warned geopolitical tension, high inflation and waning consumer confidence could hurt the economy "sometime down the road."
Morgan Stanley misses analysts’ estimates on worse-than-expected investment banking revenue
Wall Street banks are grappling with the collapse in IPOs and debt and equity issuance this year.
Affirmative on the 100 bps (one percent). Based on the Fed's next opportunity will not be until September. That gap is critical. Perhaps.
Not sure. Core PPI just came in lower than expected.....for year over year and month over month. This is more forward looking than CPI and what the Fed talks about more. Prices are rolling over hard. Jobless claims up, economy slowing, etc.
Can't react too much to a data point that is about 1 month behind reality (CPI). I say 0.75% and see how the rest of the summer goes. The Fed will have 2 more inflation data points and Q2 GDP.
CPI is actually under reported in real terms. Last July 2021, the CPI was 5.4% and people were freaking out. The 9.1% is YOY meaning it’s additive to over 14% which is really what people are experiencing.
This is the Fed's "here and now" opportunity to attempt get out in front of inflation vs waiting til Sept. Gas and food prices (and housing) are key to Main Street. The Wall Street impact of being hawkish is secondary at this point.
I think Musk’s luck has run out. This whole Twitter mess, together with the crypto mess, together with the slowing economy and EV competition, will not bode well for Musk. He was already stretched too thin and now just one costly distraction after another.
www.cnbc.com
SEC letter to Musk questions tweet about Twitter acquisition
Twitter sued Musk in Delaware Chancery Court on Tuesday to seek to hold him to the original agreement.
Getting out in front means 0.75% since inflation is a lot lower than 1 month ago (and the June CPI data).
I respectfully disagree. See my post above. Real inflation is almost third world in nature
It's coming down and the economy is tanking. The Fed was late to the game and did too little. However, they shouldn't make the problem bigger by once again being late to the game and doing too much. FYI, most analysts now believe that the Fed will have to CUT rates in early 2023 due to the economy.
But yes, I agree that CPI and the other inflation metrics are mostly BS. I guess they are good for trends, but definitely not absolute value.
He's loving every second of the twitter mess, he will go down as one of the greatest twitter follows of all time. I think he's gonna be ok.I think Musk’s luck has run out. This whole Twitter mess, together with the crypto mess, together with the slowing economy and EV competition, will not bode well for Musk. He was already stretched too thin and now just one costly distraction after another.
SEC letter to Musk questions tweet about Twitter acquisition
Twitter sued Musk in Delaware Chancery Court on Tuesday to seek to hold him to the original agreement.
May get an A+ for cinematography but won't get the Oscar.
Hilarious
Hilarious
How are you guy so sure it Elon tweeting? I hear there are lots of bots.
As a EM fan, still gotta admit that this will be an interesting soap opera over the next 6-12 months!I think Musk’s luck has run out. This whole Twitter mess, together with the crypto mess, together with the slowing economy and EV competition, will not bode well for Musk. He was already stretched too thin and now just one costly distraction after another.
SEC letter to Musk questions tweet about Twitter acquisition
Twitter sued Musk in Delaware Chancery Court on Tuesday to seek to hold him to the original agreement.
Pretty sure nobody that gets sued for hundreds of billions of dollars across multiple lawsuits would be “loving every second”. Most of the legal experts are saying that Musk is F’d and will end up writing a big check if he doesn’t want Twitter. This could also be the time that the SEC finally strikes since he’s danced with them too many times already. This is about as big of a disaster as anyone has ever seen for one individual. It’s not like Tesla was buying Twitter. Musk is personally on the hook.
You’re smart enough to know that “hundreds of billions” in these lawsuits (especially the dogecoin one) aren’t real numbers and have little chance of winning.
Also, most legal experts do not think he’s f’d. At least those at the WSJ do not…
Opinion | Twitter’s Lawsuit Against Elon Musk Looks Like a Loser
The company probably can’t prove damages, and its shareholders weren’t a party to the agreement.
www.wsj.com
That’s an opinion piece and go look up some of the other stuff that Henderson has written…interesting law professor. And From what I’ve seen, “most” actually support Twitter’s position in some way, shape, or form. But it doesn’t really matter to me. I didn’t say Musk would pay hundreds of billions. But nobody wants to be entrenched in litigation for years whether you are worth $1M or $100B. The depositions, responses, court appearances, etc. are all a distraction to the many businesses he has. Not good no matter how you slice it.You’re smart enough to know that “hundreds of billions” in these lawsuits (especially the dogecoin one) aren’t real numbers and have little chance of winning.
Also, most legal experts do not think he’s f’d. At least those at the WSJ do not…
Opinion | Twitter’s Lawsuit Against Elon Musk Looks Like a Loser
The company probably can’t prove damages, and its shareholders weren’t a party to the agreement.
