PaywallInteresting article on retail traders. A survey showed that 49% of millennial retail traders bailed on the market starting August 2021. Not clear if they took losses or split before things really got ugly. But goes to show you why Tesla’s PE has never seemed to matter.
Retail investors have bailed on most stocks except for these two 'last bastions'
Retail traders have clung to two key stocks, even as the market tumbles.www.cnbc.com
I purchase the same items basically every week or so that I know the swing in the price. I buy Lindy Italian ices and always wait until they are at a certain price
I got burned basing a decision on selling based on potential taxes. I dont think I will ever make paying taxes on profits a major reason not to take gains again.
Yes, food inflation is probably the worst aspect that hits everyone. The practical impact of this is that people will cut back on discretionary spending like eating out and pricy vacations.
raising rates won't kill the inflation like it used, the demand drivers and overall fundamentals of how rates impact the mkt are much different. 2 things; fed balance sheet and having banks keep more on sheet for revolving debt (which will have them cut limits etc)
Restaurant inflation is where I noticed the most impact. Prices are up but serving sizes are way down.
My good friend's ex-fiance worked for that guy at Deutsche. All I can say is that she was a real piece of work but made a nice income and didn't spend much. Tried to keep the $50K engagement ring but NY law was on his side. Excellent article and Weinstein has crushed it recently.
They are currently estimating that SS payments will increase by 8.7% in 2023 so that will help you. Realize that it is on a relatively low base. Official number comes out on Oct 13th.
Definitely see it at restaurants and we go out less or even order more take out to reduce cost. It’s tough because the price increases reduces the volume and if they don’t get the mix right then they start losing money. I see one of my old take out restaurants just went out of business.
Think you misunderstood me. It’s not a personal preference. It’s still math and should be factored in the calculation.
Gotta love the UK basically pulling a WSB YOLO by announcing tax cuts and QE in the midst of 10% inflation
I was on a different desk at DB but on the same floor. The funniest moment with him was when he was announced as the top paid trader on the street on CNBC. We all cheered him on hoping he would lunch.
Maybe the country will see deflation in our waistlines
Doubtful, if anything they will blow out further as people move to cheaper grains and wheat.
Cruising down the highway’s today and there were still help wanteds all over the place.
There appear to be a lot of companies paying above minimum wage right now because there just isn’t enough workers out there. The market will drive it down when unemployment increases.
The tentative rail deal could also increase their wages 24%. Outside of the major pay increase there was a host of reasonable demands.
drive it down? it's got a floor, a floor that requires a fixed base on some of inflation we've seen.
lol, no one and anyone says that they are would be a prime example of why there should be some qualification to vote. Remember, it's the ballot that has led to more death and destruction than anything else.
Downgraded by BOA, however upgraded by Rosenblatt. I wonder what happens tomorrow with it.
