Down goes the Dow

You need to go for a run. :-)

YTD:

MSFT -8.61%

HSGFX +8.43%

jl

Maser wrote:

Prof. Racket wrote:

lol OK sure, let's take a look.

First, November and December revisions are up so those were even better than expected.

Let's see what else. Oh month-over-month wages are up .7% along with a drop in average weekly hours. And labor participation rate went up .3%. This looks like an incredibly strong report actually especially when everyone was expecting Omicron doom (btw officially declaring myself the winner of that bet again).

😂😂😂

Is that as deep as you ever go?

Maybe you have other, uhhh, issues...

Anyway, see you next week.

Yeah sorry I must have missed the "Made Up Bullsh!t" section but since you're an expert in that field then please enlighten us all.

Prof. Racket wrote:

Maser wrote:

😂😂😂

Is that as deep as you ever go?

Maybe you have other, uhhh, issues...

Anyway, see you next week.

Yeah sorry I must have missed the "Made Up Bullsh!t" section but since you're an expert in that field then please enlighten us all.

"Oh but Racket, can't your feeble mind see the truth! ITS all mADe Up BuLLsH!t"

Spare me

Swaglord__69 wrote:

My only fear is that limited inflation causes BTC to sputter. But hey we're back at nearly 42k BTC.

Rates where 2%+ before the pandemic and BTC still seemed to be... well, doing whatever it is it does. A small rate increase of 1-2% really just knocks out stupid stuff that was hogging valuable labor resources anyways (PTON, PLTR, pretty much all the venture capital pump and dump IPOs this past year). Most of that shouldn't have existed anyways or they were just elaborate money laundering fronts to begin with, and when they go under then their workforce (which is desperately needed right now) can be put to better use elsewhere.

Higher rates do start to get problematic since the cost to service debt starts to get pretty rough. I imagine that would come into play if inflation just doesn't settle down at all this year.

In conclusion, not sure if I'd say I'm "bullish" or "bearish" on BTC since I don't think there are such things. But I do think it'll keep doing what it does.

It's funny to witness the partinship even in a financial thread. You guys may or may not be bright, but you ARE tribal.

Love fest for the demented. :-)

Ghost of Igloi wrote:

You need to go for a run. :-)

YTD:

MSFT -8.61%

HSGFX +8.43%

Why do you care so much about YTD numbers? MSFT is up like 50% in the past year, everyone is still up huge.

And why do you only post when things go down?

BTC 41.6k

ETH 3k

Billionaires like crypto, they must know something we don't.

People have been saying to wait for a housing crash to buy a home for 8+ years. I'm glad I didn't listen and bought in 2017 and 2019. My first house went up 13.5% in two years and my current home is up 24%. It's location dependent, but where I live - there is literally no more land to build anything. Even during the 2008 recession, home prices in my area didn't go down. They just stayed flat for a bit before going back up.

I'm down -6.2k on crypto now woohoo. Was -18k+ a week ago.

Ghost of Igloi wrote:

wondering wrote:

What do you mean I can’t see it? I literally just mentioned it in my reply to you.

So do you have an answer to my previous question, or is this another example of you talking out of your arse?

What is not down, smart arse? :-)

Your words from above: “MSFT and as well as most stocks, bonds, NFTs, real estate and crypto are up”

wondering wrote:

Ghost of Igloi wrote:

What is not down, smart arse? :-)

Your words from above: “MSFT and as well as most stocks, bonds, NFTs, real estate and crypto are up”

Oh, snap!

def a good news bad news sitch here.

if these beaten down stocks start to get bids from acquirers...that would be hella bullish.

Peloton Interactive Inc. PTON 1.44% is drawing interest from potential suitors including Amazon.com Inc., AMZN according to people familiar with the matter, as the stationary-bike maker’s stock slumps and an activist urges it to explore a sale.

Amazon has been speaking to advisers about a potential deal, some of the people said. There’s no guarantee the e-commerce giant will follow through with an offer or that Peloton, which is working with its own advisers, would be receptive.

Other potential suitors are circling, these people said, but no deal is imminent and there may not be one at all.

Should there be a transaction, it could be significant, given Peloton’s market value of around $8 billion—down sharply from its high around a year ago of some $50 billion.

Prof. Racket wrote:

Prof. Racket wrote:

Yeah sorry I must have missed the "Made Up Bullsh!t" section but since you're an expert in that field then please enlighten us all.

"Oh but Racket, can't your feeble mind see the truth! ITS all mADe Up BuLLsH!t"

Spare me

Racket you disappoint me.

You’ve really been going off half-cocked lately.

If people are just lazy, then that’s forgivable...but if they’re bunkerized and bellicose, that’s another thing entirely.

What is up with posters lately? This place is becoming a sort of zoo, quickly becoming not worth the time.

If you don’t want to do the work yourself, you can find web sources explaining how the jobs report is a joke:

If you don’t understand that government agencies and the Fed work together to both articulate and effect policy, then I don’t know what to say to you.

la gente esta muy loca wrote:

Ghost of Igloi wrote:

AAPL 12/27/2019 $72.45, PE 22.78

12/31/2021 $177.57, PE 31.34

GOOG 12/27/2019 $1,351.89, PE 23.63

12/31/2021 $2,893.59, PE 28.78

PEs on those dates are for TTM Earnings 9/30 to 9/30; annual earnings unknown at 12/31. The argument was about earnings not PEs.

Also 500,000 share repurchase by AMZN is less than .1% of outstanding shares.

Gente you used to bring value to this thread, but now you seem to bring mostly bad attitude, and recently you’ve been flat-out wrong about things.

This time you try to minimize your error by trivializing the buybacks. There is a reason they did it, when they did. The amount was sufficient to achieve their objective.

I think I’ll take a break for a while, hopefully things will calm down. Best wishes to all.

Maser wrote:

Prof. Racket wrote:

"Oh but Racket, can't your feeble mind see the truth! ITS all mADe Up BuLLsH!t"

Spare me

Racket you disappoint me.

You’ve really been going off half-cocked lately.

If people are just lazy, then that’s forgivable...but if they’re bunkerized and bellicose, that’s another thing entirely.

What is up with posters lately? This place is becoming a sort of zoo, quickly becoming not worth the time.

If you don’t want to do the work yourself, you can find web sources explaining how the jobs report is a joke:

https://slate.com/business/2022/02/jobs-report-2021-economy-wrong-explained.htmlhttps://www.zerohedge.com/markets/here-whats-behind-todays-stunning-payrolls-beat

If you don’t understand that government agencies and the Fed work together to both articulate and effect policy, then I don’t know what to say to you.

The Slate article and ZeroHedge article were eye-opening. Thanks for posting.

I am reconsidering my conclusions based on these.

would like to hear a rebuttal insofar as one could be made. And I don't think it is inconsequential at all.

Maser wrote:

la gente esta muy loca wrote:

PEs on those dates are for TTM Earnings 9/30 to 9/30; annual earnings unknown at 12/31. The argument was about earnings not PEs.

Also 500,000 share repurchase by AMZN is less than .1% of outstanding shares.

Gente you used to bring value to this thread, but now you seem to bring mostly bad attitude, and recently you’ve been flat-out wrong about things.

This time you try to minimize your error by trivializing the buybacks. There is a reason they did it, when they did. The amount was sufficient to achieve their objective.

I think I’ll take a break for a while, hopefully things will calm down. Best wishes to all.

Like politics, if you have a different market opinion some people get really pissed.

Well done, sir.

sarcasm detector guy wrote:

seattle prattle wrote:

The Slate article and ZeroHedge article were eye-opening. Thanks for posting.

I am reconsidering my conclusions based on these.

would like to hear a rebuttal insofar as one could be made. And I don't think it is inconsequential at all.

Well done, sir.

No, really -not being sarcastic.

A very different interpretation may be inferred from the jobs reports once they were revised, and it isn't small or without implications.

It does tend to support Dr. Racket's claim that the economy is in good shape and we should ignore the impacts of omicron and covid on its recovery, all in all.