stock market was up today...

#12,701
#12,701
rjd970 said:
OMG this is so true. We are at the point where we plan as such that anything ordered after July just won’t make it to the dock by year-end. And there is risk with waiting that long.
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It’s hitting WIP on the floor already from what I understand. There just aren’t parts available for many assemblies and servicing supply chain requests for finding suitable alternates is becoming even more ridiculously time consuming. And as you know the component providence rules for our products are crazy stringent and rightly so I might add, we can’t back off on that I’d rather we delayed than deliver with counterfeit parts. But I can’t wait for the business side double speak to kick into high gear.

No suitable alternates exist so we have to slip delivery

We must hold our committments to maintain profit goals

So you want us to use non vetted parts? Put it in writing!

Of course not! That would be unethical and frankly illegal!

Then we slip delivery.

No we do not we find acceptable substitutes

None exist which meet the stringent documentation requirements

Rinse repeat ad nauseam.

We had a motor supplier ask us if they could use some rare earth alloys for the magnet mix that came from out of normal channel of supply. From the engineering side I pointed out I couldn’t care less they are functionally equivalent. But I had to defer to supply chain on legality of the providence of the raw materials. I think there is some legislation specifically managing the sourcing of rare earth materials?
 
#12,702
#12,702
Velo Vol said:
They were raising rates and reducing the balance sheet. This would be more gentle.

bandage-band-aid.gif
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The Fed is talking about doing both this time too. After the markets rolled over, they backed off. They'd do the same thing this time if the market reaction got too violent, especially with a midterm election later this year (the midterms had already happened when the market sold off in 2018, and they still stopped).
 
#12,703
#12,703
NorthDallas40 said:
It’s hitting WIP on the floor already from what I understand. There just aren’t parts available for many assemblies and servicing supply chain requests for finding suitable alternates is becoming even more ridiculously time consuming. And as you know the component providence rules for our products are crazy stringent and rightly so I might add, we can’t back off on that I’d rather we delayed than deliver with counterfeit parts. But I can’t wait for the business side double speak to kick into high gear.

No suitable alternates exist so we have to slip delivery

We must hold our committments to maintain profit goals

So you want us to use non vetted parts? Put it in writing!

Of course not! That would be unethical and frankly illegal!

Then we slip delivery.

No we do not we find acceptable substitutes

None exist which meet the stringent documentation requirements

Rinse repeat ad nauseam.

We had a motor supplier ask us if they could use some rare earth alloys for the magnet mix that came from out of normal channel of supply. From the engineering side I pointed out I couldn’t care less they are functionally equivalent. But I had to defer to supply chain on legality of the providence of the raw materials. I think there is some legislation specifically managing the sourcing of rare earth materials?
Click to expand...

With my limited experience on the global supply chain side I ran into issues with rare earth mineral procurement, I can't remember the specifics, but yes, there are extra rules and regulations when procuring. You couldn't pay me enough to be a buyer at a large defense contractor, it is the absolute worst.
 
#12,704
#12,704
05_never_again said:
The Fed is talking about doing both this time too. After the markets rolled over, they backed off. They'd do the same thing this time if the market reaction got too violent, especially with a midterm election later this year (the midterms had already happened when the market sold off in 2018, and they still stopped).
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I just think it would be more in the range of 10%.
 
#12,706
#12,706
05_never_again said:
We're already there in the Naz, and that is with the Fed not even having started yet and being ultra slow and deliberate in their communication.
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My question was what the immediate market reaction be. As in within a day or two.

For all I know we could drop 20% this year over time, but that wasn't the hypothetical.
 
#12,708
#12,708
Tesla Model 3 and Y owners in Alaska and Canada say their car Heaters have stopped working: Firmware update and corroded pumps are forcing them to drive in Unheated Cabins as Temperatures outside plummet to -40F

Tesla owners living in Alaska and western Canada are being forced to drive their vehicles without heat in the cabin when temperatures are dropping far below freezing.

The issue, which has plagued Model 3 and Model Y vehicles since last winter, started when a new heat pump system was added to the vehicles and persisted with a software update.

Tyler Selvig explained in a tweet that the heat stopped working in his Model Y while temperatures had dropped to -40F.

'Our Model Y could have killed my family today when the heat stopped working in -40c Called service and the reset and auto didn't fix. Hour away from any service,' reads the tweet.

Tesla owners in Alaska and Canada say car's heating systems are failing as temperatures plummet | Daily Mail Online
 
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#12,709
#12,709
Tesla Driver Charged with First-Ever ‘Autopilot’ Felony After 2019 Crash

AP_101027052253-640x480.jpg


For the first time ever, California prosecutors have filed felony charges against a driver who caused a crash that killed two people in 2019 while using Tesla’s “Autopilot” feature.

Gizmodo reports that for the first time California prosecutors have pressed felony charges against a person using Tesla’s Autopilot driver assistance feature resulting in a car crash. The driver has been charged with two counts of vehicular manslaughter after allegedly having Tesla’s Autopilot system engaged when his vehicle drove through a red light resulting in a crash killing two people in 2019.
https://media.breitbart.com/media/2018/08/GettyImages-490597844.jpg
The charges were filed in October but only became public this week. The man driving the Tesla was a 27-year-old limousine driver and has pleaded not guilty to the charges. Reports of the crash noted that it involved a Tesla speeding through a red light at high speed while exiting a freeway in Gardena, California.

Tesla Driver Charged with First-Ever 'Autopilot' Felony After 2019 Crash
 
#12,719
#12,719
I am pulling the plug guys.

Lost 5.7% ytd on my 401k...bare shelves at all stores including groceries for petes sake...and the Fed planning to raise interests rates at least a couple times this year in the midst of runaway double digit inflation(actual% not claimed) already lost 4 grand this year. Sitting at 79k. I will get back in next year or when a conservative administration of adults is in charge.

Badly need your help though. My 401k is with Principal....what is a recession proof place to put my money? Dont care if it doesnt earn honestly....just care that it CAN NOT lose. I would cash the whole thing out but I cant without quitting my job...

Please help with good suggestions, you guys know this stuff 1000x better than me. Biden admin bout to put us in a 2008 style recession or worse.
 
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#12,720
#12,720
marcusluvsvols said:
I am pulling the plug guys.

Lost 5.7% ytd on my 401k...bare shelves at all stores including groceries for petes sake...and the Fed planning to raise interests rates at least a couple times this year in the midst of runaway double digit inflation(actual% not claimed) already lost 4 grand this year. Sitting at 79k. I will get back in next year or when a conservative administration of adults is in charge.

Badly need your help though. My 401k is with Principal....what is a recession proof place to put my money? Dont care if it doesnt earn honestly....just care that it CAN NOT lose. I would cash the whole thing out but I cant without quitting my job...

Please help with good suggestions, you guys know this stuff 1000x better than me. Biden admin bout to put us in a 2008 style recession or worse.
Click to expand...
Money market fund.
 
#12,721
#12,721
norrislakevol said:
Same. Been about 65 to 70 percent cash for a couple of months now.
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Still very early in this downturn we’ve been waiting on and the markets have dropped pretty swiftly. Nasdaq down 15% in a month, S&P down About 10% and Dow down a little over 7%. With a lot still to take place (Fed action on rates/Ukraine/supply chain issues/other geopolitical), I’m in no hurry to jump back in, but there will be some nice opportunities out of all this when it starts to settle down.
 
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#12,722
#12,722
W.TN.Orange Blood said:
DJI .... down negative -942 right now. It keeps jumping around. Bloody Monday.
I hear it's the Ukraine situation that has everyone the jitters.
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Urkaine is just what broke it open. Could have pointed to other issues in weeks/months past but this one on top of everything else it too much right now. Regardless bad day/start to 2022 on the market.
 
#12,723
#12,723
marcusluvsvols said:
I am pulling the plug guys.

Lost 5.7% ytd on my 401k...bare shelves at all stores including groceries for petes sake...and the Fed planning to raise interests rates at least a couple times this year in the midst of runaway double digit inflation(actual% not claimed) already lost 4 grand this year. Sitting at 79k. I will get back in next year or when a conservative administration of adults is in charge.

Badly need your help though. My 401k is with Principal....what is a recession proof place to put my money? Dont care if it doesnt earn honestly....just care that it CAN NOT lose. I would cash the whole thing out but I cant without quitting my job...

Please help with good suggestions, you guys know this stuff 1000x better than me. Biden admin bout to put us in a 2008 style recession or worse.
Click to expand...

If you have a money market within your 401K, park it. Fed raising rates will help you slightly there.
 
#12,724
#12,724
marcusluvsvols said:
I am pulling the plug guys.

Lost 5.7% ytd on my 401k...bare shelves at all stores including groceries for petes sake...and the Fed planning to raise interests rates at least a couple times this year in the midst of runaway double digit inflation(actual% not claimed) already lost 4 grand this year. Sitting at 79k. I will get back in next year or when a conservative administration of adults is in charge.

Badly need your help though. My 401k is with Principal....what is a recession proof place to put my money? Dont care if it doesnt earn honestly....just care that it CAN NOT lose. I would cash the whole thing out but I cant without quitting my job...

Please help with good suggestions, you guys know this stuff 1000x better than me. Biden admin bout to put us in a 2008 style recession or worse.
Click to expand...
Stop. Breath. Take a minute.
 
#12,725
#12,725
marcusluvsvols said:
I am pulling the plug guys.

Lost 5.7% ytd on my 401k...bare shelves at all stores including groceries for petes sake...and the Fed planning to raise interests rates at least a couple times this year in the midst of runaway double digit inflation(actual% not claimed) already lost 4 grand this year. Sitting at 79k. I will get back in next year or when a conservative administration of adults is in charge.

Badly need your help though. My 401k is with Principal....what is a recession proof place to put my money? Dont care if it doesnt earn honestly....just care that it CAN NOT lose. I would cash the whole thing out but I cant without quitting my job...

Please help with good suggestions, you guys know this stuff 1000x better than me. Biden admin bout to put us in a 2008 style recession or worse.
Click to expand...
How long till you retire?
 
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