OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
People like to note that homeowners won't sell houses because they have a much lower rate, and that is limiting supply.
But those homeowners, because they are staying in those houses, are not buying a house elsewhere, which is limiting demand.
I don't know if it's a wash, but it doesn't tilt the scales as much as the narrative indicates.
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Sankey says Saudi's drove oil too high which cracked the gasoline market because of a weaker consumer.
Says the biggest buyer of Oil is the US gasoline market. So we can see where the Fed can effect oil prices.
Thinks we will see lower gas prices in the coming months.
Says the biggest buyer of Oil is the US gasoline market. So we can see where the Fed can effect oil prices.
Thinks we will see lower gas prices in the coming months.
FTHB on the sidelines are keeping demand high as millennials pile into home buying age.
From T. Boone Pickens:
The solution to the problem of high gas prices is high gas prices.
He's totally right.
Yield curve "univerting" has been a note of late.
Thought out there that this is indicative of the recession being imminent.
Any one know how long rates typically stay inverted before a recession kicks in. It's been 15-16 months now I think.
Thought out there that this is indicative of the recession being imminent.
Any one know how long rates typically stay inverted before a recession kicks in. It's been 15-16 months now I think.
Thanks for the heads up. Just added to my RIVN position at $19.3'ish. With these notes, I believe their cash on hand is back over $10B.
It's great to catch local bottoms, but RIVN is a super-long hold type of stock, so we have room for error! :)
Regardless, higher technical lows have been put in. Going forward, oil prices are going to be demand driven. YTD, it has been a supply storyline.
I’m looking at CVX in the high 150’s (157.50 limit buy). Stock has good fundamentals and I like 157 as a good technical support levels.
Also buying GS at 301 for the same reasons.
On a macro level, I’m going to start legging into the market below 4200. Lots of dry powder (getting 5.5% money market since late Feb) to use.
Also buying GS at 301 for the same reasons.
On a macro level, I’m going to start legging into the market below 4200. Lots of dry powder (getting 5.5% money market since late Feb) to use.
You missed out on a massive rally. It has been an amazing year so far! Hoping for more opportunities in Q4. CVX is a solid stock. Can't go wrong with them or XOM.
Any thoughts on BRK.B? Down about 10% from its recent high.
I bought more too…why doesn’t Apple just buy Rivian already!!!
I didn't miss out. I moved from 10% cash to 50% cash at 4150. At that point my active portfolio was up ~11% on the year. SPY is kinda near the same spot but I've been clipping a 5% risk free coupon until now.
My thoughts on BRK.b are the same as the Dow- proportionally light on tech and pharma. I think higher rates/longer and student loan resumption will likely hit BRK.b harder than SPY because of the consumer cyclicals and banks that he holds.
UNH now up to $516 waiting for $522 (10% gain this quarter from low) the high from last quarter. I expect it to go close to 52 week high of $558, maybe 530-540 as it gets close to next week earnings. Did the same last quarter trading on the seasonal trend. If I get all four quarters, (10%x 4=40%). I use to trade My 401k company stock getting 40% gain for a few years.
I don’t need to gamble on market movement when I can purchase safer stocks that will go up when the market goes down. I still have my MSFT, AMZN, META, GOOG, AND AAPL, Buying more as the market going down and holding my pharmaceuticals stocks I guess for the long term.
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Rivian Loses $33K On Every Truck It Sells: Report
The electric truck maker is looking to seriously slash its costs as it hopes to be profitable by the end of 2024
jalopnik.com
That's a huge improvement from last year! :)Rivian Loses $33K On Every Truck It Sells: Report
The electric truck maker is looking to seriously slash its costs as it hopes to be profitable by the end of 2024
Instead of jacking up rates to tame inflation why not just increase taxes on everything? Consumption tax? Property taxes? That will slow people down. The millionaire tax on real estate used to actually mean something. And at least the tax receipts could be used for something like infrastructure . Who really benefits from an 8% mortgage rate?
I see Las Vegas and Florida has hundreds or thousands of homes for sale. I’m seeing houses up for auction in these areas. Hardly any homes for sales in NJ but plenty other areas.
It’s hard to unwind taxes once they are passed. Fed Fund rates are very easy to change. What is a bit of a shock to the system is how quickly rates have risen. We closed on our new house last May with a 4.375 rate. A year and a half later rates are 3.5% higher.
Also, rates were artificially low for way too long.
The US may no longer avoid a recession
The economy is likely to weaken as markets internalise the significant likelihood that rates will stay higher for longer
I would like to avoid file any additional tax form for a LLP in my 401k. I purchased some ET stock and I believe if it is below a certain % of the 401k, no tax form need to be filed year end?
Manchin brought this idea up a year or two ago, and it went over like a wet fart.
We know Republicans are going to be against the idea of raising taxes
And I don't think Dem's wanted to be guilty of giving everyone money, and then quickly taking it back.
But I agree it was probably the thing to do. (and combine it with a spending cut, and attack the deficit a little).
I fully expected to see this thread ripping along with the market.
I assume the market, after the initial sell off, is seeing this good news....... as good news.
Tsy rates will go up. 10 yr will likely hit 5%. Yes, market will take a hit.
He actually said he thinks rates will go lower in the short term and maybe much higher in the long term.
Not a serious POV. Bad job by Santelli on this one.
Santelli and his easel lol. He does point out why defunding the IRS is a really bad idea though (apologies to the billionaires on here hiding tax liabilities in complicated partnership structures).
Certainly sounds extreme (and some may say talk like this is indicative of a top) but one does wonder what effect the growing deficit will have.
Will never happen but if we think infrastructure spending is feeding inflation why not slow(not stop) the release of that spending?
I'm all for decreasing gov'ment spending for many reasons.
