OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
Like electric cars, the push for AI is taking place with a power grid being spectacularly neglected. The sincere impulses to help people isn't there.
CBDC, gov health "passports" monitoring/censoring speech, driving, facial recognition, tracking people's spending/finances etc - this is why gov is pushing AI hard. IRS wants to be able to send bills to people saying the "AI says you owe $______ ."
AI is about control and its being built into new phones in spooky ways
Amid explosive demand, America is running out of power
AI and the boom in clean-tech manufacturing are pushing America’s power grid to the brink. Utilities can’t keep up.
Due to AI, “We are about to enter the era of mass spying,” says Bruce Schneier
Schneier: AI will enable a shift from observing actions to interpreting intentions, en masse.
arstechnica.com
Beware - "its all for you - we will control everything for your safety"
FACT SHEET: President Biden Issues Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence | The White House
Today, President Biden is issuing a landmark Executive Order to ensure that America leads the way in seizing the promise and managing the risks of
Like electric cars, the push for AI is taking place with a power grid being spectacularly neglected. The sincere impulses to help people isn't there.
CBDC, gov health "passports" monitoring/censoring speech, driving, facial recognition, tracking people's spending/finances etc - this is why gov is pushing AI hard. IRS wants to be able to send bills to people saying the "AI says you owe $______ ."
AI is about control and its being built into new phones in spooky ways
Amid explosive demand, America is running out of power
AI and the boom in clean-tech manufacturing are pushing America’s power grid to the brink. Utilities can’t keep up.
Due to AI, “We are about to enter the era of mass spying,” says Bruce Schneier
Schneier: AI will enable a shift from observing actions to interpreting intentions, en masse.
Beware - "its all for you - we will control everything for your safety"
From a national defense standpoint countries can not let other countries take huge leads in AI.
Similarly companies can not be left unprotected from the potential of AI hacks and thus will need AI cyber security.
In addition to all the other potential uses, cyber taxi's for instance, medical research, or basic stuff like photo editing which is already used for commercial applications, there are tons use cases.
But if you don't want to invest in it because the internet (and I definitely wonder about your algorithm) is telling you not to, then that's fine, but you've missed a huge run already.
Ridiculously low…if nothing else AI will be the excuse companies use to dump the slugs that add no value and are just there to collect a paycheck. Those folks alone are way more than 5% in corporate America.
And of course it's down 3% this morning. That's fine, it was the plan, but it is amazing that it drops as soon as I start a position.
If your job is taking a spreadsheet from one source and converting it/tweaking it into another spreadsheet .... time to start getting concerned.
Interesting alert from FS Insights (via WSJ) regarding oil:
Wall St. Journal reported that Saudi Oil Minister Prince Abdulaziz bin Salman issued an unusually direct warning: Crude prices could fall to $50 if Iraq and Kazakhstan continue to fail to implement output cuts. Baghdad apparently continues to pump several hundred thousand above its daily quota, as this chart shows below. This "cheating" by Iraq and Kazakhstan could bring about a glut next year, and Financial Times (FT) reported that Saudi Arabia has grown frustrated and has abandoned its $100 price target, and is frustrated by having to shoulder most of the burden. So while the assault by Iran and likely retaliation by Israel might prove more aggressive than back in April, physical production and flows should ultimately matter more than sentiment on geopolitical tension ramping up. Technicals remain bearish, and this bounce should prove short-lived into next week
Wall St. Journal reported that Saudi Oil Minister Prince Abdulaziz bin Salman issued an unusually direct warning: Crude prices could fall to $50 if Iraq and Kazakhstan continue to fail to implement output cuts. Baghdad apparently continues to pump several hundred thousand above its daily quota, as this chart shows below. This "cheating" by Iraq and Kazakhstan could bring about a glut next year, and Financial Times (FT) reported that Saudi Arabia has grown frustrated and has abandoned its $100 price target, and is frustrated by having to shoulder most of the burden. So while the assault by Iran and likely retaliation by Israel might prove more aggressive than back in April, physical production and flows should ultimately matter more than sentiment on geopolitical tension ramping up. Technicals remain bearish, and this bounce should prove short-lived into next week
This is very true. The jobs that will be impacted first are the ones that involve tedious/repetitive activities.
Ya a pretty weak bounce given the catalyst. And it speaks to the fact that the Saudi's are sitting there with a ton of underutilized production.
I wonder if the Saudi's frustration also relates to the idea of the Saudi's flushing the market by releasing a ton of oil, tanking the price, and thus forcing other OPEC members to also cut production. Forget the guys name, but this was from an oil investor who appears on Fast Money sometimes.
Saudis control the oil market but 2 US oil CEOs are being accused of conspiring with Saudis to keep oil prices high.
Second oil company CEO conspired with OPEC to keep prices high, FTC charges
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high. On Monday, the Federal Trade Commission (FTC) filed a complaint agai…
thehill.com
Saudi's have big sway given how much they produce, even moreso as the leader of OPEC, but the US produces more oil then any other country. Our production helped lead low prices in the late teens, and they are a big factor as to why oil prices have steadily slid over the past 2 years.Saudis control the oil market but 2 US oil CEOs are being accused of conspiring with Saudis to keep oil prices high.
Second oil company CEO conspired with OPEC to keep prices high, FTC charges
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high. On Monday, the Federal Trade Commission (FTC) filed a complaint agai…thehill.com
Russia pumping big amounts(I think they are currently the 2nd largest producer) also a big factor.
So yeah Saudi's play a role, but I don't think it's fair to say they control the market. Otherwise they wouldn't need to conspire with anyone.
Yes, that guy (Sharkey?) has been warning that the Saudi's are getting very close to flushing the market. That would be one HELL of a buy the dip opportunity. :)
Down7% today, down 15% off recent highs. But still above lows from early sept, which look to be 25 years lows.
But the stock is cheap. It's 1.2B market cap is 1.4x sales. If it can get back to growth(those rev's have been shrinking) and better yet profitability, then there is likely a lot of money to be made in the stock. The market is suggesting that is a BIG if.
Those jagoff CEO’s conspiring and their companies should be held accountable via serious consequences. I believe the Pioneer CEO will not be able to be a part of their newly-merged organization. An early golden retirement…that will teach him!🤣
Think I'm going to jump back into LYFT. Even cheaper then WOLF at a flat 1x rev's, and it's rev's have been growing nicely for 4 years. Has also been fcf positive for 4 straight qtr's.
Uber by comparison is 3.82x rev's. Both are right about 30x FCF.
The only hang up is my want to put more into the Chinese stock run.
Uber by comparison is 3.82x rev's. Both are right about 30x FCF.
The only hang up is my want to put more into the Chinese stock run.
I bought RIVN shares at $10.5 recently and will buy WOLF if it dips to $8'ish. Just two lottery tickets for if/when the EV market gets moving again. I still think RIVN is going to be a winner.
I also keep thinking about BA. It's not going anywhere and has been flushed pretty good. Just takes the right/new leader for it to become a turnaround story. Almost back down to its 52-week low.
Bought LYFT.
Also bought PDD. So in addition to BABA which has been an absolute dog for 3 years before this recent run, I also add PDD which had been pretty strong coming off early 2022 lows prior to a big August selloff. It's now pushing against levels it has been rejected at 2 times in the past year. Hoping with the recent stimulus news it breaks through that level.
Also bought PDD. So in addition to BABA which has been an absolute dog for 3 years before this recent run, I also add PDD which had been pretty strong coming off early 2022 lows prior to a big August selloff. It's now pushing against levels it has been rejected at 2 times in the past year. Hoping with the recent stimulus news it breaks through that level.
I'd wait to see WOLF stabilize. It's a falling knife until it proves otherwise.
Almost sold RIVN but it's at decent support levels. So I'll hold hoping it can bounce. If it falls below I'm going to get out.
I'm in at $10.48! Only bought 1/2 my normal position, so will add if it dips below $10.
Probably wise advice. I've been stopped out twice with WOLF already. Going to look at PDD and other China plays. I have plenty of BABA and some YINN. One more would be good.
I am not sure why they have not reported their delivery numbers. If they don’t by tomorrow, the calls will be expire worthless
Yeah, the calls are pretty much nuked right now with only one more chance for an announcement. I was about to double down and buy more yesterday, but saw a Reddit post that mentioned since RIVN has a new CFO (IIRC) that the delivery announcement timeline may change a bit.
Bought a modest amount of shares instead in case the announcement comes next week or later. Regardless, with the China pump, can't complain.
Not good numbers for Rivian today. Supply/parts shortage. Such a great product, but not a great business yet.
Other news - very strong jobs report today. No landing scenario gets more likely.
No not the internet per se.
I've been building PCs for myself and friends since 2004.
I spend a lot of time in PC hardware forums populated with people in cyber.
"Cyber Security" is already oxymoron with many admins.
"Newtonian" AI isn't even new and is long used for weather, GPS, military etc.
My phone long talks to me with directions - that's AI.
The "Quantum" computing people talk about doesn't exist out side of a few labs.
Current AI is just pattern recognition and not really intelligent per se.
It will reach the conclusions its programmers/interpreters want.
Part of the Newtonian AI con is having people think AI is infallible.
The affordability of storage, cheaper processing and cloud computing made Newtonian AI more scalable.
A lot of people see AI as a bubble and off course people can make money off bubbles.
Smarter countries and investors have been buying land, metals, industries etc.
I was listening to investor Jim Rogers say that he isn't shorting anything yet but he expects the bubble to go bad when a lot more other people start imagining easy gains.
That reminded me of the 2008 housing bust when every 5th home had a for sale sign.
Its an interesting talk Rogers has with Duran podcast.
"There's going to be a huge shift in American society, American culture, in the places where one is going to get rich. The stock brokers are going to be driving taxis. The smart ones will learn to drive tractors so they can work for the smart farmers. The farmers are going to be driving Lamborghinis. I'm telling you."
I was alsi just reading how AI is being used to scan peoples bumper stickers and yard signs.
That's the kid of thing DC swamp wants. If they really care about people, foreign militaries etc then they wouldn't have spent last 15 years knocking electric plants down
License Plate Readers Are Creating a US-Wide Database of More Than Just Cars
Loading…
archive.is
Jobs for this month at 254k way above expectations, upward revisions from the previous 2 months and wage growth up 4% up from 3.9% in august.
Surprised the market isn’t up more.
I do think US stocks being up have taken away from the chinese stocks which are down a little today.
Nice pump into the close. S&P 500 almost back at its ATH. Strong economy equals strong earnings growth. Tom Lee says 6,000 by year end.
I own PLTR. Definitely getting a bit nervous. Ridiculous valuation.
Terrible nervous. Calls were a lost money. It will be a while until the stock recovers. The China trade has more than made up for the RIVN loss. There will likely be a consolidation phase here for Chinese stocks.
It also helps being up 98% with ZETA! :)
I would love to see Chinese stocks take a breather. I have some skin in the game, but would like to buy more.
Any thoughts in PLTR right now? I bought a little at $18, but never had the chance to add. I assume there will be a modest pullback eventually.
My eyes see that we have reached fairly strong resistance for both stocks. CAVA may top around $128-129 and PLTR around $42-43.
Too late to get into BABA and PDD right now. I would wait for a pull back in BABA. PDD probably will hit resistance as well.
I sold Zeta around $23…not my best decision! Been trying to get back in but just keeps going up.
Similar threads
