Whodunit wrote:
death cab wrote:
Pretentious much?
I knew a teenager who was killed riding in the back of a pickup. And it wasn’t even caused by an accident; just a hard braking situation.
Given that the school provided transportation, this was a stupid move. Fortunately Igy seems to realize that now. He’s lucky he didn’t lose his job.
I know lots of people killed in car accidents who were not riding in the back of a pick-up.
My condolences.
Another interesting post from Aswath Damodaran
https://aswathdamodaran.blogspot.com/2020/08/a-viral-market-update-xiii-strong.html
Cut to the chase
Not surprised about AAPL; surprised about FB!
Great shares gente, thanks!
Ghost of Igloi wrote:
https://www.cnn.com/2020/08/20/investing/faang-microsoft-tesla/index.html?utm_term=link&utm_content=2020-08-21T07%3A31%3A04&utm_medium=social&utm_source=twbusiness
They’ve proven to be great investments despite the bleeting from our local sheep.
Go, Pats!
Suck up to your sports heroes.
Go Fats!
Year to date:
Equal Weighted SP500: -4%
Market cap weighted SP500: +6%
That's completely outrageous. I can't remember ever seeing that kind of insanity.
Igy, how many different names is that for you now?
Nasdaq up +2.7% on the week, and S&P 500 up 0.7%.
I'll take it. I guess the threat of further pandemic shut-downs is waning somewhat, or at least not escalating.
Unemployment situation is not good but economic demand is picking up.
Seems like a change in mood from just last month.
seattle prattle wrote:
Nasdaq up +2.7% on the week, and S&P 500 up 0.7%.
I'll take it. I guess the threat of further pandemic shut-downs is waning somewhat, or at least not escalating.
Unemployment situation is not good but economic demand is picking up.
Seems like a change in mood from just last month.
the rich people have the money and they are spending. A lot of it on the home, no doubt.
Man, when we go back to work the clothes are going to sell huge though. I suspect there is a lot of pent up demand for nice clothes. After living in running clothes for 9 months.
agip wrote:
seattle prattle wrote:
Nasdaq up +2.7% on the week, and S&P 500 up 0.7%.
I'll take it. I guess the threat of further pandemic shut-downs is waning somewhat, or at least not escalating.
Unemployment situation is not good but economic demand is picking up.
Seems like a change in mood from just last month.
the rich people have the money and they are spending. A lot of it on the home, no doubt.
Man, when we go back to work the clothes are going to sell huge though. I suspect there is a lot of pent up demand for nice clothes. After living in running clothes for 9 months.
Brooks Brothers declared bankruptcy so overweight upper middle class Americans with the fashion sense of a tuna and wanting to look like a literal rectangle will have to go elsewhere I guess
“…The stupid are cocksure and the intelligent are full of doubt.”
– Bertrand Russell
““I’m just printing money . . . Losers take profits. Winners push the chips to the middle. … I should be up a billion dollars . . . I’m the new breed. The new generation. Nobody can argue that Buffett is better at the stock market than I am right now. I’m better than he is. That’s a fact.”
– David Portnoy, Founder of Barstool Sports
agip wrote:
seattle prattle wrote:
Nasdaq up +2.7% on the week, and S&P 500 up 0.7%.
I'll take it. I guess the threat of further pandemic shut-downs is waning somewhat, or at least not escalating.
Unemployment situation is not good but economic demand is picking up.
Seems like a change in mood from just last month.
the rich people have the money and they are spending. A lot of it on the home, no doubt.
Man, when we go back to work the clothes are going to sell huge though. I suspect there is a lot of pent up demand for nice clothes. After living in running clothes for 9 months.
I suppose we should then short $LULU when that day arrives ?
Ghost of Igloi wrote:
“…The stupid are cocksure and the intelligent are full of doubt.”
– Bertrand Russell
““I’m just printing money . . . Losers take profits. Winners push the chips to the middle. … I should be up a billion dollars . . . I’m the new breed. The new generation. Nobody can argue that Buffett is better at the stock market than I am right now. I’m better than he is. That’s a fact.”
– David Portnoy, Founder of Barstool Sports
There's an old saying amongst traders;
There are two kinds of traders, those who have been humbled and those who are about to be humbled. ( Applies to both Bulls and Bears )
The Wedge, just north of San Diego:
agip wrote:
seattle prattle wrote:
Nasdaq up +2.7% on the week, and S&P 500 up 0.7%.
I'll take it. I guess the threat of further pandemic shut-downs is waning somewhat, or at least not escalating.
Unemployment situation is not good but economic demand is picking up.
Seems like a change in mood from just last month.
the rich people have the money and they are spending. A lot of it on the home, no doubt.
Man, when we go back to work the clothes are going to sell huge though. I suspect there is a lot of pent up demand for nice clothes. After living in running clothes for 9 months.
oh, man, i am so glad to hear that i am not the only one living in running clothes. Not to try to outdo anyone in the race to the bottom, but I'm even started pulling out those hideous dayglo short inseam running shorts i bought years ago at the Brooks Running Tent Sale for about $4 or $5 apiece, not-so-artfully paired with some unspeakably ugly 5K turkey trot race t-shirts.
But as for the two economies, they floated that idea tonight on PBS's Marketplace. I was all ready for them to spin the 'the markets are not the economy' narrative, but they finally just came out and had at it that there's even two different economies going on now. The story is evolving. And it's not so terrible for the non-front line workers that can work from home, are generally higher income, get their groceries and essentials delivered, etc.
You say we will buying up clothes when we get back to working at the office. But I wonder just how much things will change now that we've had this grand exercise in working remotely, and gotten used to it.
Lots to consider.
seattle prattle wrote:
agip wrote:
the rich people have the money and they are spending. A lot of it on the home, no doubt.
Man, when we go back to work the clothes are going to sell huge though. I suspect there is a lot of pent up demand for nice clothes. After living in running clothes for 9 months.
oh, man, i am so glad to hear that i am not the only one living in running clothes. Not to try to outdo anyone in the race to the bottom, but I'm even started pulling out those hideous dayglo short inseam running shorts i bought years ago at the Brooks Running Tent Sale for about $4 or $5 apiece, not-so-artfully paired with some unspeakably ugly 5K turkey trot race t-shirts.
But as for the two economies, they floated that idea tonight on PBS's Marketplace. I was all ready for them to spin the 'the markets are not the economy' narrative, but they finally just came out and had at it that there's even two different economies going on now. The story is evolving. And it's not so terrible for the non-front line workers that can work from home, are generally higher income, get their groceries and essentials delivered, etc.
You say we will buying up clothes when we get back to working at the office. But I wonder just how much things will change now that we've had this grand exercise in working remotely, and gotten used to it.
Lots to consider.
lots to consider yeah
I suspect the parents will insist on going back to an office...working with kids around is impossible.
And people like the social interaction. And how do you train new workers without an office? Culture disappears.
As for the two economies...the dirty secret of the Great Depression is that if you had a solid job...things were pretty good. Prices were falling all the time so you got raises every day. Rent was cheap.
We don't have deflation, but same idea here.
My father hopped a train from Illinois during the Depression, worked in Los Angeles as a painter. My father-in-law was from North Carolina, little work, so joined the Army. He was stationed in the Canal Zone.
https://twitter.com/wu_tang_finance/status/1276537016201723904Ghost of Igloi wrote:
My father hopped a train from Illinois during the Depression, worked in Los Angeles as a painter. My father-in-law was from North Carolina, little work, so joined the Army. He was stationed in the Canal Zone.
