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OT: Stock and Investment Talk

PCE continues to plummet - dropping from 5.1% to 4.2% YoY. Monthly change at 0.1%. CORE much lower than reported due to the garbage gov'ment shelter metrics. We all know this.
 
These one day, one week, one month moves are insignificant.

A lot of pain ahead for Amazon (AMZN - 4/27/23 close~$110)

TSLA on the other hand will be the biggest company in the world in the not so distant future. That does not mean it’s impossible to see it down 10%-15% from current levels. I’m in if we see 135 for another swing higher.

I wish everyone a nice rest of the month.
I brought small amount today TSLA but was thinking $130-140 is when I really jump in. Been building a position in ADP down close to low but earning beat and increased FC . Waiting for AMZN to go down as well as other FANGS before buying.

Brought back a lot of UNH $480 after selling it when it reached it high. Looks like it finished selling off after earnings but need to continue buying.
 
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on a more serious note... the premium you can get on the short-end of the yield curve around late-June thru Aug. is nice........

Fear isn't always bad........
 
Rid yourself of the idea that TSLA is a car company.
I own a TLSA..have made over 6 figures investing in TSLA stock and own a good position in the company after realized gains.

Listen to this podcast and determine if it’s a car company or not. The thought of robotaxis and autonomy are the dream for the company and why it has such a high valuation. Cathie wood is essentially shaking her company on tjis
Coming true for a $2k stock price.
If you take a step back and consider what it is today it’s a car company and its price is destined to fall in line with PEs of car companies which would be crippling.
 
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Good with me. Time to close the book on this one.
yeah, but Fed "asked" a lot of banks to shore-up......
and now rather than backstop, they want those same banks to double-down.

Which is fine... everyone is rich... but, you can play that game only so many times....
 
I brought small amount today TSLA but was thinking $130-140 is when I really jump in. Been building a position in ADP down close to low but earning beat and increased FC . Waiting for AMZN to go down as well as other FANGS before buying.

Brought back a lot of UNH $480 after selling it when it reached it high. Looks like it finished selling off after earnings but need to continue buying.
It may still go below $145-150 range. It is currently meandering and not going anywhere. I didn't realize that they were going to change prices on a weekly basis. Does that now mean that if they lower prices, then sales are bad and price change is now a proxy for sales?
 
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Your LABU has broken above the 50 day moving average. Is it time for a breakout?

Has anyone seen the chart for CYH? Looking good. Strong catalyst coming next week.
I'm hoping the upcoming Fed pause will give LABU some wind to its back. SVB going down was a temporary hit to biotech due to our need for financing. My company issued a statement the next morning that we have no financial tied to SVB. LOL! I get the feeling that I should have bought more, but whatever. If it dip back around $4.4 maybe I will increase my position. I am committed to CURE and LABU.

Still nothing to report on BOIL! Keep waiting for sub-$2 nat gas.
 
It may still go below $145-150 range. It is currently meandering and not going anywhere. I didn't realize that they were going to change prices on a weekly basis. Does that now mean that if they lower prices, then sales are bad and price change is now a proxy for sales?
In terms of price drops, I think TSLA is trying to get more cars in the hands of consumers and in the roads. I think their strategy is to gain more data and market share more than anything else.
I don’t think this is a result of sales being bad
 
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In terms of price drops, I think TSLA is trying to get more cars in the hands of consumers and in the roads. I think their strategy is to gain more data and market share more than anything else.
I don’t think this is a result of sales being bad
Or, they build up production capacity so they have to pump out cars. But demand is not there so they have to cut prices. They are acting like a ………car company 😱
 
In terms of price drops, I think TSLA is trying to get more cars in the hands of consumers and in the roads. I think their strategy is to gain more data and market share more than anything else.
I don’t think this is a result of sales being bad
Agreed. I think their price cutting is a long play and will benefit them down the road.
 
Well it’s about f’in time. I remember how much it sucked when my student loans would come out of my bank account every month. I felt rich once I finally paid them off. These borrowers haven’t had to pay in 3 years and probably pissed all their savings away on housing and autos and will be the first ones to bitch how they can’t afford to repay now.

 
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Well it’s about f’in time. I remember how much it sucked when my student loans would come out of my bank account every month. I felt rich once I finally paid them off. These borrowers haven’t had to pay in 3 years and probably pissed all their savings away on housing and autos and will be the first ones to bitch how they can’t afford to repay now.

Time for these deadbeats to start paying their bills.

Also, time to buy SOFI now?
 
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New I-Bond rate released early. Fixed rate is .9% (more than doubled) and new overall rate for six months beginning May 1 is 4.30%.
 
New I-Bond rate released early. Fixed rate is .9% (more than doubled) and new overall rate for six months beginning May 1 is 4.30%.
They needed to double the fixed rate to save face and keep the overall rate above 4%. Inflation really fell off the cliff.
 
Well it’s about f’in time. I remember how much it sucked when my student loans would come out of my bank account every month. I felt rich once I finally paid them off. These borrowers haven’t had to pay in 3 years and probably pissed all their savings away on housing and autos and will be the first ones to bitch how they can’t afford to repay now.

What a shame. Stopped the wife’s student loan payments at 10k to see what was going to happen. Was jonesing to dump that 10k into the economy for some home reno work. Oh well. The 10k is earmarked so it’s going all at once if the payments resume. She is a public school teacher so gonna explore alternative relief options first.
 
What a shame. Stopped the wife’s student loan payments at 10k to see what was going to happen. Was jonesing to dump that 10k into the economy for some home reno work. Oh well. The 10k is earmarked so it’s going all at once if the payments resume. She is a public school teacher so gonna explore alternative relief options first.
I don’t mean to single you out, but this is precisely the problem with the student loan forbearance/forgiveness nonsense. My wife (gov’t worker) and I both had student loans, which we paid the max every month and it accounted for about 1/3 of our monthly budget and was equal to about half a monthly mortgage payment. Our student loans significantly impacted our finances, meaning we were more conservative with buying a house, autos, etc. Seems like more and more people over the past 3 years made big spending decisions with little to no consideration for actually having to repay loans once they restart. Add on unnecessary stimulus. Savings based on WFH without commuting costs. Less daycare (we paid over $2K p/mo for 2 kids). No wonder inflation and housing is a disaster!
 
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I don’t mean to single you out, but this is precisely the problem with the student loan forbearance/forgiveness nonsense. My wife (gov’t worker) and I both had student loans, which we paid the max every month and it accounted for about 1/3 of our monthly budget and was equal to about half a monthly mortgage payment. Our student loans significantly impacted our finances, meaning we were more conservative with buying a house, autos, etc. Seems like more and more people over the past 3 years made big spending decisions with little to no consideration for actually having to repay loans once they restart. Add on unnecessary stimulus. Savings based on WFH without commuting costs. No wonder inflation and housing is a disaster!
As soon as we hit the 10k remaining mark in the loans, I earmarked 10k cash in our HYSA as a reserve in case the loan forgiveness didn’t go through and turned off autopay until a decision was made. It's neither here nor there for us, if payments resume I’ll just pay the remainder off in one shot and be done with it if PSLF doesn’t apply for her. I’m not a fan of wholesale forgiveness for the reasons you specified, but if the government is dumb enough to write off 10k, I will take full advantage of it.

But yeah, the people who blew their savings the past 3 years as if loans would never resume are a special kind of idiot.
 
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Call me naive but I don't understand why student loans should be forgiven when so many of us had to repay those loans. If I thought there was any chance of forgiveness, I wouldn't have fully paid for my kids' college education instead of taking out a loan that they wouldn't have to repay.
 
Call me naive but I don't understand why student loans should be forgiven when so many of us had to repay those loans. If I thought there was any chance of forgiveness, I wouldn't have fully paid for my kids' college education instead of taking out a loan that they wouldn't have to repay.
Student loans shouldn't be forgiven in anyway. Nor should payments been paused over the past 3 years for the vast majority of people. Just another example of the stupid gov'ment.
 
Student loans shouldn't be forgiven in anyway. Nor should payments been paused over the past 3 years for the vast majority of people. Just another example of the stupid gov'ment.
Especially when it became clear that savings rates were increasing as a result of the pandemic. Honestly, the people that run this country are either corrupt or the dumbest f’in people on the planet, or both. If someone is making a home buying decision and doesn’t have to worry about student loans, of course that means they will be willing to pay more for housing.
 
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Student loan forgiveness was an election-year ploy. You simply cannot provide that sort of blanket benefit to folks with an outstanding loan balance without upsetting/alienating everyone who had responsibly settled his/her student loan debt prior to any such forgiveness program. That said, I'm all for going after bogus schools that duped students, as well as reworking any outstanding student loan to make repayment less of a hardship, say extending the loan schedule at 0% interest. Or work it off via some sort of public service if unemployed.
 
Especially when it became clear that savings rates were increasing as a result of the pandemic. Honestly, the people that run this country are either corrupt or the dumbest f’in people on the planet, or both. If someone is making a home buying decision and doesn’t have to worry about student loans, of course that means they will be willing to pay more for housing.
Answer = Both
 
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Yeah, well we know most people are morons and given Americans’ love of debt loan forgiveness is easy way to try and scoop up votes.
But educated people are bad. They are all elitist. Morons keep it real.
 
Call me naive but I don't understand why student loans should be forgiven when so many of us had to repay those loans. If I thought there was any chance of forgiveness, I wouldn't have fully paid for my kids' college education instead of taking out a loan that they wouldn't have to repay.

They want votes and debt
Young people have been notorious for polling strong and then not showing-up on election day.
Dangling a carrot helps
Persuasion voting is also over - now its about chasing voters down and harvesting ballots for the mail
That's how you get critically disabled, stroke people like PA senator elected.
Dude couldn't even talk without a machine help but people not even knowing him mailed-in.

Next the cartel in DC loves debt - debt for anything
War debt, virus debt, welfare debt - billions here and billions there (there is spending of billions now for "climate reparations").

It was long known that if interest rates went up US debt would crush the economy
That is exactly what they wanted in order to mug the banks and do digital currency and the control
Heck just before SVB went down the cartel proposed a 6 trillion budget to freak anti- inflation people out.

I cant blame foreign countries for wanting off the dollar because they understand US is intent on wrecking it


 
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