Down goes the Dow

Maser wrote:

Big Dog Investments wrote:

I bought some 10 days ago. Up 17% at the moment.

Good for you guys who bought! Now, are you going to sell?

I passed on AMZN, to me it was a gamble. I didn’t like the fact that it was down 7% yesterday, made me nervous. I bought only aapl and msft a while back. That fund I have is 10% amzn, I figured that was enough exposure. That fund got slaughtered ~5.5% yesterday.

Interesting? that those 3 giants seem to have had the same level of bump, if you neglect amzn’s performance yesterday. Haven’t verified that or looked closely.

Sadly, I chickened out and didn't buy before earnings. I was scared because of what happened to FB. But I should have known Amazon always does well after Christmas. I see some of it is selling off already, I'd expect it to cool off just like Google did.

I wish I got MSFT under 280 last month. My best dip buy was AAPL for 146 in the fall.

Yeah I was spooked by FB too. That trbcx is also something like 8% META.

I looked up the fund on Morningstar, and it says that the “longest manager tenure” os 0.34 years. So the guy has been on the job since the beginning of October? And how many “managers” are there? 0.68% fee ratio, indeed—for what? To get beaten by the indexes?

I can’t stand mf’s. The 401k is not big, I haven’t thought about it before now. I need to switch it to an IRA.

Will hopefully do some more buying today.

Well, the jobs report is out. Of course they are gov numbers, for gov purposes.

Great number? Dammit that means rate hikes are on the way. SELL !!!!!

I can’t keep up. Hopefully some obvious buying opportunities present themselves.

I feel a headache coming on, and markets aren’t even open yet.

And I don’t get headaches.

Maser wrote:

Well, the jobs report is out. Of course they are gov numbers, for gov purposes.

Imagine thinking any government was competent enough to achieve the of the sort of mass collusion you claim exists

I'm going to make a rare market call here....today will close green at least for non-tech indices.

The market wants growth, to prove the rate curve is not inverting, to prove that the 2H 22 will be ok economically.

Sure, rates are up today but I think the market will value econ growth over a slightly higher interest rate.

Prof. Racket wrote:

Maser wrote:

Well, the jobs report is out. Of course they are gov numbers, for gov purposes.

Imagine thinking any government was competent enough to achieve the of the sort of mass collusion you claim exists

" Because those who hold conspiracy theories typically suffer from a crippled epistemology" ( Conspiracy Theories - Sunstein and Vermeule 2010 )

agip wrote:

I'm going to make a rare market call here....today will close green at least for non-tech indices.

The market wants growth, to prove the rate curve is not inverting, to prove that the 2H 22 will be ok economically.

Sure, rates are up today but I think the market will value econ growth over a slightly higher interest rate.

Bears will claim the economy is in shambles because a bunch of beanie baby fads (that no one took seriously to begin with) are getting BTFO'd, but the reality is that the economy is still strong and jobs are being added.

Unless wages get absolutely hammered in Q1 - which would probably devastate consumer demand - then we're fine. So it's basically a game of either inflation easing or employers paying up

agip wrote:

I'm going to make a rare market call here....today will close green at least for non-tech indices.

The market wants growth, to prove the rate curve is not inverting, to prove that the 2H 22 will be ok economically.

Sure, rates are up today but I think the market will value econ growth over a slightly higher interest rate.

Having just mentioned Cass Sunsein's paper on Conspiracy Theory; here's a paper by him I know you'll enjoy. ( I never knew there was a Journal of Beatles Studies )

la gente esta muy loca wrote:

agip wrote:

I'm going to make a rare market call here....today will close green at least for non-tech indices.

The market wants growth, to prove the rate curve is not inverting, to prove that the 2H 22 will be ok economically.

Sure, rates are up today but I think the market will value econ growth over a slightly higher interest rate.

Having just mentioned Cass Sunsein's paper on Conspiracy Theory; here's a paper by him I know you'll enjoy. ( I never knew there was a Journal of Beatles Studies )

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4018431

I'll take a look, thanks.

You could get a masters degree in Beatles Studies. THAT'S how great they were. Ah Merseyside.

Fans of The Beatles are being invited to study for a master's degree in the Fab Four at the University of Liverpool.

Students on The Beatles: Music Industry and Heritage MA course will learn about the group's influence on popular music and culture, its programme leader said.

Dr Holly Tessler said it was "unique" because it explored the band's legacy.

There is also a focus on heritage and tourism in Liverpool and the UK, she said.

The course - which starts in September - is aimed at people "currently working, or considering pursuing a career in, the music and creative industries", said a university spokesman.

According to the course description, students will be able to visit sites in Merseyside which featured in the group's early years.

Dr Tessler, a Beatles expert, said she was "absolutely delighted" to bring formal study of the Beatles to the University of Liverpool's Department of Music and Institute of Popular Music.

"What makes this MA unique is its focus on The Beatles in a future-facing way, considering the legacy's influence on the music and creative industries, in popular culture, and within heritage, culture and tourism in the 21st Century," she said.

Prof. Racket wrote:

agip wrote:

I'm going to make a rare market call here....today will close green at least for non-tech indices.

The market wants growth, to prove the rate curve is not inverting, to prove that the 2H 22 will be ok economically.

Sure, rates are up today but I think the market will value econ growth over a slightly higher interest rate.

Bears will claim the economy is in shambles because a bunch of beanie baby fads (that no one took seriously to begin with) are getting BTFO'd, but the reality is that the economy is still strong and jobs are being added.

Unless wages get absolutely hammered in Q1 - which would probably devastate consumer demand - then we're fine. So it's basically a game of either inflation easing or employers paying up

STOP THE MARKET

S&P 500

4,486.66

+9.22

la gente esta muy loca wrote:

Prof. Racket wrote:

Imagine thinking any government was competent enough to achieve the of the sort of mass collusion you claim exists

" Because those who hold conspiracy theories typically suffer from a crippled epistemology" ( Conspiracy Theories - Sunstein and Vermeule 2010 )

You guys surprise me. A simple statement of fact turgidly transformed into a mass collusion claim, and then laughably blown out of all proportion into a conspiracy theory!

Sometimes you guys should look before you leap. I am not here for conflict. It was my goal to point out how numbers are used to create a response based on sentiment, which is in no small measure manufactured. Everyone here knows how any number can be read to produce any outcome.

The Fed has already declared its position, and has doubled down. The rest, in the short term, is PR and messaging.

You might not want to conflate a plan with a conspiracy. They have explicitly articulated their plan. Your disparagement is misplaced.

I watched an interview with Paul where he talked about how it was sometimes weird meeting fans that knew more about his life than he did

Cass Sunstein...one of the giants!😂😂😂😂

If you really are interested in things, read some Veblen. I recently made a contribution to his alma mater.

Boy PYPL is really taking a beating.

John Cleese often says that people will stop him on the street and do word for word Monty Python skits better than he can remember them - must be flattering for a while... and then weird.

Maser wrote:

You might not want to conflate a plan with a conspiracy. .

I'd ask Maser to go through this bit of lingual complexity for us...but...but...just not in the mood.

Cheers, Maser. Carry on, full speed ahead.

Maser wrote:

Cass Sunstein...one of the giants!😂😂😂😂

If you really are interested in things, read some Veblen. I recently made a contribution to his alma mater.

I read him back in the early 70s; you were about 6 years old.

Maser wrote:You might not want to conflate a plan with a conspiracy. They have explicitly articulated their plan. Your disparagement is misplaced.

I too thought that was a weird leap. Suggesting that the Fed might have an agenda is not the same as holding a conspiracy theory about what their agenda might be. Of course they have an agenda, and it influences how they act and communicate. One not need assign nefarious intent to the holding of an agenda, and conflate the rational expectation of influence of an agenda wit irrational belief in a conspiracy theory.

I think everyone is getting just a little covid-crazy on here these days...