https://mobile.twitter.com/NorthmanTrader/status/1250816296113053696the idiot wrote:
I think the safe-ish bet in the near term is mega-cap tech.
https://mobile.twitter.com/NorthmanTrader/status/1250816296113053696the idiot wrote:
I think the safe-ish bet in the near term is mega-cap tech.
Ghost of Igloi wrote:
seattle prattle wrote:
It is forward looking. Forward looking with the implicit acknowledgement that it might be wrong. The degree to which one can do it accurately in terms of direction, magnitude, timing, and with sufficient resources will determine the level of returns.
Now that wasn't so hard, was it? (Hint, more of a rhetorical question than an actual one).
The “market is forward looking” is nothing more than one of those cliches that are used to understate investment risk. No different than a real estate agent telling a prospective purchaser “it is always a good time to buy.” The market has no predictive ability, especially when measured against the last twenty years of meager bond like returns. Another often used phrase is “cash on the sidelines” which on examination is equally false and useless.
Nonsense. Anyone with a basic understanding of economics knows what it means to say the market is forward looking.
Ah, yes, let’s thump the well-worn bible of cliches:
The market is God
Cash is King
Investor sentiment (my personal favorite; the place mat at my front door is more sentimental)
The sad thing is how many people get suckered. A more appropriate phrase is “common sense ain’t so common.”
I deal with people of unsound mind in my work, so one of my favorite cliches (from Holland) is, “Just act normal, that’s crazy enough!”
Ghost of Igloi wrote:
The sad thing is how many people get suckered.
How many is that?
The Nasdaq upswing reminds me of the story of two friends running a way from a bear. Once friend says to the other, "We can't outrun the bear!", to which the other replies, "I don't have to outrun the bear, I only have to out run you!"
wondering wrote:
Ghost of Igloi wrote:
The sad thing is how many people get suckered.
How many is that?
Oh, all those retail investors that are plowing money into the NASDAQ today would be a good start.
I’d concede that telecommuting is here to stay, including many students.
But since the ensuing tech investment may be more public than private, it’s not necessarily broadly profitable.
Will we have the resources to divert money/profits to business? Seems like a more socialistic scheme is necessary & of course I’m biased.
It would also be profitable for the company's which make the products necessary to tele-commute (and do yet other things online, for that matter, which would also seem to prosper).
NYC as always seems to be setting the pace (for instance, promising 240K computers to make sure every schoolkid has one).
Would they get a good price from Apple or go direct to China? Will American companies be nimble enough to fill the gap?
We see how poorly they’ve adjusted to making ventilators or even masks. The old problem of capitalists being too greedy to promote capitalism.
Again I’m biased, but our performance has been poor. We’re struggling to get a crop in the fields, much less new tasks.
We’ve got national companies but no national leadership, and governors are going their own way or working regionally.
Ghost of Igloi wrote:
wondering wrote:
How many is that?
Oh, all those retail investors that are plowing money into the NASDAQ today would be a good start.
So all those folks who made money during the bull market. Seems to me you are the sucker for missing out on that.
Try to keep up wrote:
Giles Corey wrote:
That he is a psychopath.
He has several billions of $$ and, instead of using his massive wealth to help so many people who are in dire straits, he is trying to get even richer.
Buffett has pledged to give away 99% of his fortune. Try to keep up.
Yea right. He has pledged it to the Gates Foundation.
So far has given $3 billion of his $70 billion plus fortune.
Stop being such a sucker
Tesla continues 4 day run-up
jesseriley wrote:
NYC as always seems to be setting the pace (for instance, promising 240K computers to make sure every schoolkid has one).
Would they get a good price from Apple or go direct to China? Will American companies be nimble enough to fill the gap?
We see how poorly they’ve adjusted to making ventilators or even masks. The old problem of capitalists being too greedy to promote capitalism.
Again I’m biased, but our performance has been poor. We’re struggling to get a crop in the fields, much less new tasks.
We’ve got national companies but no national leadership, and governors are going their own way or working regionally.
The writings on the wall, no matter how it plays out. That's where this thing is headed. Private companies and there's lots. The market is not going to nationalized.
In terms of the social ramifications, i think it's regrettable development. But that's for another thread, not this one.
Try to keep up wrote:
Giles Corey wrote:
That he is a psychopath.
He has several billions of $$ and, instead of using his massive wealth to help so many people who are in dire straits, he is trying to get even richer.
Buffett has pledged to give away 99% of his fortune. Try to keep up.
The guy is 89 years old. What's he waiting for?
market up almost 3% on good clinical news from Gilead
Giles Corey wrote:
Tesla continues 4 day run-up
Igy would say you are the sucker.
agip wrote:
market up almost 3% on good clinical news from Gilead
https://twitter.com/CNBCnow/status/1250890382516379652?s=20
B.S. story designed to lure in more suckers. One CNBC trader called it a vaccine which it is not. All anecdotal reporting. Algos rule the day while economic news gets worse.