Starting buy some HD after the earning at $279.00 but will continue to add the next few days.
Well the previous poster displayed your posts from Jan of 22 saying you bought TQQQ when it was in the $60-$70s.
Takes a while to figure out new things. It’s about putting in the research and gaining experience. Sorry you are so mad. My TQQQ was underwater when I bought big in Oct. Just need patience and confidence in your analysis.
But inflation is not high. Even the awfully lagged CPI is set to plummet over the next few prints. Add in real-time shelter, YoY inflation will be well under control 2%.
look man, I'm with you on your overall view but inflation is still elevated and it's not debatable. food prices, energy, etc etc, all those everyday things are all high and not coming down really. sure other items are but wages have kept pace and yet spending (non durable goods) continues to remain elevated or higher on a price basis. that is inflation that hits the wallet
Definitely agree on high prices. Those are widespread throughout the economy.
Correct me if I’m wrong, but for the most part high prices are here to stay absent a dramatic deflationary environment. So, even if inflation slows or flatlines, that doesn’t mean my local slice of plain pizza drops below $3.25. All I can say is the price-gouging of local businesses and services is outrageous and yet they have recovered from COVID many times over AND benefitted from PPP handouts. And real estate prices aren’t going anywhere unless there is a correction or inventory levels increase. EVERYTHING is still so f’in expensive.
To add to your point, most restaurants and small businesses (and some larger businesses) have incorporated a 3% charge for credit cards which was rarely seen prior to the inflation surge. Who carries much cash these days? I fear that 3% charge is here to stay also.
+1 to you and Aldo. Inflation and high prices are different things. 0% inflation means prices stay the same. You need negative inflation (deflation) for actual prices to go down. Not gonna happen.
i've referred to the sticky inflation for some time.
agree
That’s a little bit too cheap, 5%. We sometime tip less than the 20%. I will have more take out than dining in a restaurant which reduces the bill. I do see less people dining out at restaurants.
I'm out hiking the Appalachian Trail and went thru Harper's Ferry WV yesterday, stopping in a High Street restaurant for a cheeseburger, fries, and Diet Coke. With tip: $25. And it was nothing special. Crazy. Not sure how long this gouging can continue, especially restaurants. Near a breaking point methinks.
I visited Harper's Ferry during a Civil War guided tour to Antietam. And WV has a "low" cost of living. Crazy cost.
I’m shocked CC companies are allowing this to happen - and it’s rampant these days. I believe some CC companies used to prohibit the practice and crackdown on business that did it. But now business owners are jacking up prices AND passing along one of their main transaction costs. Worst of all many times they do it without you even knowing.
Both of my credit cards give ME 4% back on restaurants. Who do you think is supposed to pay for that? The days of 1% transaction fees are long gone and frankly why should the restaurant cover your convenience and benefit costs? It's the CC companies that are driving it in the first place. While also paying higher wages and medical benefit expenses.
Ya, that was a good show. Though he does believe that parts of inflation will remain sticky, and squeezing out the next 3% will not be as easy as the first 3+%.
On the MRKT Call blog, Guy Adami was speaking about bulls and bears looking at the same chart( I think it was the S&P, though it may have been retail or a specific retailer) and seeing different things.
He's a good reporter, so yes, little dry! Not a TV personality. :)
thehill.com
Buy low and hold for the long term, they eventually will go up if they are quality stocks. HD is close to 52 week lows. It’s all in the timing.
CCs aren’t just a convenience to the customer - it’s drives the merchant’s entire business. In that regard, are you saying the merchant isn’t supposed to pay anything for guaranteed customer payment and the ability to accept something other than cash? If the customer can’t pay, it’s the CCs that bear the risk. The CC company doesn’t go to Luigi’s Pizza and say I need that $21 back for the pizza that your customer can’t afford this month. So why do you think a merchant should be passing along their transaction fee to customers? Not to mention when the local merchants actually get cash watch if it actually goes in the register or the owners pocket.
52 weeks lows look to be in the $260's.
Craziest stat I heard this morning = if you take out AI related stocks the market would be down this year. AI is just this years metaverse. Everyone is, and has been, working on AI = but once ChatGPT went mainstream companies jumped on the bandwagon. NVDA has done this every single cycle = from autonomous vehicles…to crypto…to metaverse…to AI…and now you have AMD playing the same game LOL.
An owner stealing from the register? Aside from skirting the tax man, he's not really stealing, it's his register.
Difference here is, while many argued, "what is the actual use of crypto" or "who is actually living in the metaverse" with the answers to each being, "I have no clue". AI has a very clear use. Pretty clearly this can do the work of people, which may not be great for workers, but would lower costs of companies pretty considerably.
Sometimes a "next big thing" that is hyped.....actually turns out to be the next big thing.
