All things STOCKS

[mrorange211]

@mrorange211 do you still have your bearish trade on $NKE?

Sold out three days ago. Will look to get back in today if we pop big. Doing the same with $CAT.

 

[Thunder Good-Oil]

Futures are up. Checking again in 5 minutes.

 

[Velo Vol]

 

[Firebirdparts]

CPI "in line" with predicted 6.5 and negative 0.1

 

[mrorange211]

is it going down fast enough for the market to keep going up?

 

[Thunder Good-Oil]

That was an interesting futures hiccup.

 

[Thunder Good-Oil]

The only drama was whether or not Liesman and Santelli would get snippy with each other on CNBC.

 

[Firebirdparts]

futures no likey.

 

[Firebirdparts]

is it going down fast enough for the market to keep going up?

I don't know. I will say this. The bond market has anticipated the end of this WAY TOO SOON already, 30 year having turned in October. That is different, because when the recession hits, bond prices will go up even more. You're not having to price in a dip.

I do see a lot of optimism out there, but I also find tons of stocks easily with PE's of 3, 4, and 5. Fear/Greed index is neutral. Magic 8 ball says "check again later".

 

[Firebirdparts]

Check it out, Gold is over $1900. Getting close to nominal all-time-high.

P.S. I wish I had some to sell.

 

[Thunder Good-Oil]

I’ve been watching a lot of Warren Buffett YouTubes this week. He talked to Charlie Rose for almost an hour and a half last year. It looked to me like he was getting pretty tired after about an hour. Seemed like he was getting overly emotional as well.

One of the big things that stuck with me was when he was talking about how much easier it is for him to manage $5 billion. He said that there are 1,000 or more appropriate investments and businesses to buy with that much. But it is only about 1% of what he’s working with and it’s gotten really hard to find options with the entire pile of cash that he has to invest.

Reiterates that he’s not a fan of being long cash or gold.

I’ll watch the one on his Bitcoin comments in the next day or three. No doubt - he’ll hate it.

He chronically laughs at his own comments. Like Bezos does.

I’m going to try to catch up reading his annual letters to shareholder. I’ve only looked at a handful and none of the recent ones.

 

[Majors]

Futures are up. Checking again in 5 minutes.

Looking like a strong opening bell with pre-market moves

 

[Thunder Good-Oil]

Meh. Down 0.04%.

 

[mrorange211]

COuld this be the beginning of a downturn? I'm not so sure. The market may now realize more rate hikes are gonna happen. Eager to watch today and tomorrow.

 

[Thunder Good-Oil]

COuld this be the beginning of a downturn? I'm not so sure. The market may now realize more rate hikes are gonna happen. Eager to watch today and tomorrow.

I think markets are getting back to company by company or sector by sector instead of everything moving in a (usually down) direction.

 

[Firebirdparts]

Announcements of layoffs and cost cutting by the big companies are mounting. I don't really follow some of the upstream sales metrics like "factory orders" but just looking now, the data so far is quite high. It's coming down, but it's coming down from the stratosphere.

 

[Firebirdparts]

Market seems confused

 

[mrorange211]

yea I was thinking the same thing

 

[Velo Vol]

How does this happen?

 

[tbh]

How does this happen?

Yeah...it sounds like somebody at JPM skimped on the due diligence. Oof!

 

[Velo Vol]

 

[Jax_Vol]

Break out the cigars boys.

Recession is over on March 1.

 

[Thunder Good-Oil]

Break out the cigars boys.

Recession is over on March 1.

Shouldn’t it begin first?

 

[Jax_Vol]

Shouldn’t it begin first?

Nah...we are going to skip it on this go around.

 

[BigOrangeMojo]

Shouldn’t it begin first?

We've been in a recession for a year based on commonly accepted (pre Biden) GDP metrics...