Seven of eight indexes on our world watch list posted gains through April 3, 2023. France's CAC 40 finished in the top spot with a YTD gain of 13.47%. Germany's DAXK finished second with a YTD gain of 11.57%, and Tokyo's Nikkei 225 remained in third with a YTD gain of 8.02%. India's BSE SENSEX finished last with a loss of 2.85% YTD.
Mortgage rates down to 6.5%ish...Is that so bad? 6.5% doesn't sound like a terrible mortgage rate historically. Esp when inflation is running at 4%. No different than a 4.5% mortgage when inflation was 2.0%.
And of course there is a solid chance borrowers will be able to refinance down the road.
Tall domino tower, and folks keep adding new tiles.
So you don’t think GPUs and electric cars are transformative things that warrant a higher PE value?
interesting question is if Microsoft and some other tech companies should be re-rated to much higher PE ratios given the likely growth of AI technologies.
So you don’t think GPUs and electric cars are transformative things that warrant a higher PE value?
interesting question is if Microsoft and some other tech companies should be re-rated to much higher PE ratios given the likely growth of AI technologies.
Largely nonsense. So, in 2023 approximately 5 stocks generating the positive return of the S&P 500, while the other 495 collectively flat to negative. These two in particular seem ripe for reversion. This is speculation driving up multiples. My TSLA short up 8%, and NVDA up 1%. Already the former outperforming the annual S&P 500 return in two days, both will dramatically outperform as the year progresses.
‘The 16.4% difference in the first quarter returns in the Nasdaq and the DJIA is larger than all but four other quarters since the Nasdaq’s creation in 1971. Stocks typically don’t perform well when such a large divergence appears.’ https://t.co/Km1nYxhnZ5pic.twitter.com/owf9fsNQ9F
interesting question is if Microsoft and some other tech companies should be re-rated to much higher PE ratios given the likely growth of AI technologies.
Largely nonsense. So, in 2023 approximately 5 stocks generating the positive return of the S&P 500, while the other 495 collectively flat to negative. These two in particular seem ripe for reversion. This is speculation driving up multiples. My TSLA short up 8%, and NVDA up 1%. Already the former outperforming the annual S&P 500 return in two days, both will dramatically outperform as the year progresses.
Ok three wishes:
1: price caps on ice cream
2: gente uses topic sentences
3: Igy adopt conventional terms when talking about shorts. I genuinely do not know what he is talking about half the time because of ‘sold my shorts’ type terminology.
ISM's PMI is down to 46.3, which says that the Fed should cut rates. Notice that PMI went all the way up to 63.7 in 2021, and the Fed still would not raise rates, exacerbating the inflation spike which they are now trying to fight. We are being poorly served by this Fed. pic.twitter.com/3zIsbCOibU
lot of questions about the accuracy of these surveys like PMI these days. Survey responses are apparently way lower than they used to be, which would obviously mean they might not be accurately representing what they are supposed to be representing.
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