I think Tesla going to have a monster year. Down from 350 a year ago to 116 now. If it comes up with some significant innovations it could see a major rebound. If only Musk had not gone off on his Twitter binge.
Going the other direction, adding to shorts on bounces. Then selling tactically on market rollovers. I can’t imagine earnings being anything but awful.
On an anecdotal note, transmission went out on our 2002 Acura. Checked out some car lots on Sunday. Loaded with used car inventory, but very little new inventory. Interest rates 5.75% standard on short term, above 6% extended out. Last year we drove that car 2,000 miles, so we chose just to repair it, which will run around $4,000. We are out about two weeks on completion, so I imagine others are going the same route.
Igy - I think I already told you this but I have a 2003 Acura TL with only about 90,000 miles and the car is in pristine condition. The leather interior looks like it just came off the assembly line and everything else is immaculate. But I did read that you should be worried about the transmission going out.
I remember my dad who had a cadillac way back in 1980 paying about $3300 for a new transmission and that might be astronomical today.
Going the other direction, adding to shorts on bounces. Then selling tactically on market rollovers. I can’t imagine earnings being anything but awful.
On an anecdotal note, transmission went out on our 2002 Acura. Checked out some car lots on Sunday. Loaded with used car inventory, but very little new inventory. Interest rates 5.75% standard on short term, above 6% extended out. Last year we drove that car 2,000 miles, so we chose just to repair it, which will run around $4,000. We are out about two weeks on completion, so I imagine others are going the same route.
Igy - I think I already told you this but I have a 2003 Acura TL with only about 90,000 miles and the car is in pristine condition. The leather interior looks like it just came off the assembly line and everything else is immaculate. But I did read that you should be worried about the transmission going out.
I remember my dad who had a cadillac way back in 1980 paying about $3300 for a new transmission and that might be astronomical today.
Sally, the 2002 Acura TL-S was under recall shortly after we purchased it 21 years ago. The dealer added something, and the warranty was extended. Needless to say after 129,000 miles and the years, that coverage has long expired. The car is in great shape otherwise, and probably similar to your vehicle. I checked the value with an un-repaired transmission and got a quote of $154. Funny. I have always had the car serviced at various intervals, so know the soundness other than the current issue. As posted, really don’t drive that much now that I am retired.
I think Tesla going to have a monster year. Down from 350 a year ago to 116 now. If it comes up with some significant innovations it could see a major rebound. If only Musk had not gone off on his Twitter binge.
Going the other direction, adding to shorts on bounces. Then selling tactically on market rollovers. I can’t imagine earnings being anything but awful.
On an anecdotal note, transmission went out on our 2002 Acura. Checked out some car lots on Sunday. Loaded with used car inventory, but very little new inventory. Interest rates 5.75% standard on short term, above 6% extended out. Last year we drove that car 2,000 miles, so we chose just to repair it, which will run around $4,000. We are out about two weeks on completion, so I imagine others are going the same route.
sorry about the transmission - ouch.
But as for earnings...GDP Now has 4Q GDP at an absolutely mighty +4.1% real and accelerating. So that's why earnings could be not awful. That's one of the best quarters of the last few decades.
But of course stocks are looking way into the future..who knows what the economy will be like in the second half.
Igy - I think I already told you this but I have a 2003 Acura TL with only about 90,000 miles and the car is in pristine condition. The leather interior looks like it just came off the assembly line and everything else is immaculate. But I did read that you should be worried about the transmission going out.
I remember my dad who had a cadillac way back in 1980 paying about $3300 for a new transmission and that might be astronomical today.
Sally, the 2002 Acura TL-S was under recall shortly after we purchased it 21 years ago. The dealer added something, and the warranty was extended. Needless to say after 129,000 miles and the years, that coverage has long expired. The car is in great shape otherwise, and probably similar to your vehicle. I checked the value with an un-repaired transmission and got a quote of $154. Funny. I have always had the car serviced at various intervals, so know the soundness other than the current issue. As posted, really don’t drive that much now that I am retired.
Igy - grab that $154 and invest right away in HSGFX - by year-end it will be worth $111. Just kidding. Maybe $123.
Sally, the 2002 Acura TL-S was under recall shortly after we purchased it 21 years ago. The dealer added something, and the warranty was extended. Needless to say after 129,000 miles and the years, that coverage has long expired. The car is in great shape otherwise, and probably similar to your vehicle. I checked the value with an un-repaired transmission and got a quote of $154. Funny. I have always had the car serviced at various intervals, so know the soundness other than the current issue. As posted, really don’t drive that much now that I am retired.
Igy - grab that $154 and invest right away in HSGFX - by year-end it will be worth $111. Just kidding. Maybe $123.
Going the other direction, adding to shorts on bounces. Then selling tactically on market rollovers. I can’t imagine earnings being anything but awful.
On an anecdotal note, transmission went out on our 2002 Acura. Checked out some car lots on Sunday. Loaded with used car inventory, but very little new inventory. Interest rates 5.75% standard on short term, above 6% extended out. Last year we drove that car 2,000 miles, so we chose just to repair it, which will run around $4,000. We are out about two weeks on completion, so I imagine others are going the same route.
sorry about the transmission - ouch.
But as for earnings...GDP Now has 4Q GDP at an absolutely mighty +4.1% real and accelerating. So that's why earnings could be not awful. That's one of the best quarters of the last few decades.
But of course stocks are looking way into the future..who knows what the economy will be like in the second half.
Thanks.
I do think the good GDP is an artifact of stimulus and government spending. Whereas corporate earnings will be negatively impacted by higher cost of capital and labor. The $220+ GAAP S&P 500 EPS was lower labor cost, cheapest cost of capital in history, and earnings underwritten by Fed easy money and Government handouts. That will likely never be repeated in our lifetime.
Hm it's at where it was 1 year ago almost... do the shorts still have steam? TSLA might be nearing bottom or already hit.
Swaglord,
Since December 23rd SARK has gone from $68.90 to $50.38 at today’s close. Tesla is a 6% position in ARKK, a little more than Roku. Largest position is Zoom at about 9%. There are many crappy companies that remain. Even if I am wrong on my longer term view, I would expect SARK to bounce off oversold conditions into the CPI print. I do believe we could see high $40s into Thursday. I bought some today under $50.50, and will add on weakness.
Markets off to a great start for 2023. Hussmann Strategic, sigh, seems to have reverted to its lackluster (and that is being generous) performance history.
Markets off to a great start for 2023. Hussmann Strategic, sigh, seems to have reverted to its lackluster (and that is being generous) performance history.