Ghost of Igloi wrote:
agip wrote:
solid history lesson here on what investing in 1999-2000 was like.
People called it a bubble
It wasn't just tech
fundamentals stayed strong even after the March 2000 peak, so fundies got fooled
the bubble-calling was as far back as 1998, with much of the market advance left.
This is all very hard to do.
https://twitter.com/corry_wang/status/1345192541545766915?s=20Bubbles are like that, greatest ever speculation:
https://twitter.com/bullmarketsco/status/1343537530478747649?mc_cid=135c40d5a7&mc_eid=a85db5d679
This would be concerning if the Fed was going to raise the interest rate anytime soon, which is exactly what they did in 2000 and 2007 specifically to cool things off. Since they're keeping it low until 2023, there's really nothing to talk about
Bitcoin soaring. Surging. Raging.
For real (unlike Covid).
la gente esta muy loca wrote:Noted. A 12/17/2021 Put on QQQ at 318 strike. Total cost $3369 ( 33.69x100 ), BE is 284.30 at expiry, that is 9.35% below current price. Good luck.
La gente, I’ve never traded options, that’s too fancy and risky for my tastes, experience and comfort level, so I’ll need a bit more explanation to understand the stakes here so I can make a sensible bet. Feel free to elaborate or send me a gmail at thelrcidiot.
Saving this one for 12/31/2021.
This is the reason for the rise in stock prices
Goldman Sachs expects U.S. gross domestic product to grow 5.8% in 2021 after contracting 3.5% in 2020. Moody’s Investors Service expects 4.2% growth in 2021.
agip wrote:
Saving this one for 12/31/2021.
This is the reason for the rise in stock prices
Goldman Sachs expects U.S. gross domestic product to grow 5.8% in 2021 after contracting 3.5% in 2020. Moody’s Investors Service expects 4.2% growth in 2021.
Yes. Goldman and Moody's are so reliable. They covered themselves with glory in the 2008 meltdown...as we all saw in "The Big Short" if nowhere else
doc idiot wrote:
la gente esta muy loca wrote:Noted. A 12/17/2021 Put on QQQ at 318 strike. Total cost $3369 ( 33.69x100 ), BE is 284.30 at expiry, that is 9.35% below current price. Good luck.
La gente, I’ve never traded options, that’s too fancy and risky for my tastes, experience and comfort level, so I’ll need a bit more explanation to understand the stakes here so I can make a sensible bet. Feel free to elaborate or send me a gmail at thelrcidiot.
In theory it's difficult to execute correctly. In practice, that hasn't stopped teenagers from doing it via Robinhood and other brokerages (with no transaction fee I might add).
Bunch of fraudulent Chinese companies about to get de-listed. We'll see how well agip's China index does after that
Dr. Racket wrote:
Bunch of fraudulent Chinese companies about to get de-listed. We'll see how well agip's China index does after that
heh. CXSE is up 1.84% today, as I write this.
All time highs in many indices today.
I'm heavy in cannabis stocks after correctly assuming they would take off with the Biden election. I'm now thinking about taking some profits on my cannabis positions with the Georgia elections tomorrow and watching from the sidelines for a few days. Thoughts?
Market starting to realize Mitch is toast????
The market does not like the idea of unified DC gummint, or the idea that the military has to be reminded it has no role.
agip wrote:
Market starting to realize Mitch is toast????
The market does not like the idea of unified DC gummint, or the idea that the military has to be reminded it has no role.
although the slow vaccination rollout and worsening situation in the UK might be more important here.
New South African covid strain that is probably resistant to vaccines.
Interesting idea here: VCR. Consumer Discretionary stocks.
Has done 18% per year for ten years.
vs 14% per year for the US as a whole.
Tech has done only a little better: +20% per year.
biggest holdings are huge brands.
Amzn, tsla, home depot, nike, mcD.
Maybe it would be a good add in...betting that American consumers will sniff out the great new brands and buy the heck out of them. It's a faith in the American consumer bet.
Hard to see it going very wrong.
Although amazon is 22% of the thing. Hoowee.
agip wrote:
Interesting idea here: VCR. Consumer Discretionary stocks.
Has done 18% per year for ten years.
vs 14% per year for the US as a whole.
Tech has done only a little better: +20% per year.
biggest holdings are huge brands.
Amzn, tsla, home depot, nike, mcD.
Maybe it would be a good add in...betting that American consumers will sniff out the great new brands and buy the heck out of them. It's a faith in the American consumer bet.
Hard to see it going very wrong.
Although amazon is 22% of the thing. Hoowee.
Too risky with Amazon facing multiple anti-trust lawsuits right now
Dr. Racket wrote:
agip wrote:
Interesting idea here: VCR. Consumer Discretionary stocks.
Has done 18% per year for ten years.
vs 14% per year for the US as a whole.
Tech has done only a little better: +20% per year.
biggest holdings are huge brands.
Amzn, tsla, home depot, nike, mcD.
Maybe it would be a good add in...betting that American consumers will sniff out the great new brands and buy the heck out of them. It's a faith in the American consumer bet.
Hard to see it going very wrong.
Although amazon is 22% of the thing. Hoowee.
Too risky with Amazon facing multiple anti-trust lawsuits right now
have anti-trust rules hurt any giant stock in your memory?
agip wrote:
Dr. Racket wrote:
Too risky with Amazon facing multiple anti-trust lawsuits right now
have anti-trust rules hurt any giant stock in your memory?
Well there was that one time in 2000 when Microsoft lost and it triggered a panic so large that it lead to the dot com bust.
Other than that, I suppose not.
Dr. Racket wrote:
agip wrote:
have anti-trust rules hurt any giant stock in your memory?
Well there was that one time in 2000 when Microsoft lost and it triggered a panic so large that it lead to the dot com bust.
Other than that, I suppose not.
*eye roll emoji*
agip wrote:
Dr. Racket wrote:
Well there was that one time in 2000 when Microsoft lost and it triggered a panic so large that it lead to the dot com bust.
Other than that, I suppose not.
*eye roll emoji*
I''l take that as an admission of defeat and I accept your apology.
A lot of legal experts have been raising alerts over the past several years that current anti-trust laws are not sufficient to cover modern cases dealing with huge tech companies. Democrats have signaled they're on board with expansions in the law to prevent questionable business tactics and now that they have the White House and possibly the Senate (TBD), I'd be concerned.
There's a great article here about how Amazon operates and the possible legal issues and loopholes:
https://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=5785&context=ylj