guy I grew up with has been with Nvidia for a decade or more...good lord that guy must be rich now. Always was one of the 2-3 smartest people I knew as a child, so well-deserved.
I've been in Nvidia since $6 per share, but I can't claim to be very smart. Just lucky, I guess.
Side note to my column; a few weeks ago I wrote about the other ticking time bomb--Yellen papering the deficit by rolling over short term debt https://t.co/YzR4LKRTgV. It's worth noting that the severity of the debt problem has been masked because Yellen didn't issue 10-year…
I've been in Nvidia since $6 per share, but I can't claim to be very smart. Just lucky, I guess.
I mean he has worked there for a decade or more.
But great buy on that, Seattle. Nice!
Yeah, that's a clear case of the right place at the right time.
I remember back in the boom (early) years of the internet, I was coming across techies who were focused on finding exactly the right young start-up to get their foot in the door of. I have one friend who left microsoft and headed-up a small bluetooth software company that eventually got sold to Comcast. Knew the owner, too, come to think of it.
I knew another guy who specifically sought out the wildcard start-up for the hope of a great deal, but that company went bankrupt in the 2000 bust.
Lots of hearsay about windfalls from employee stock options from the big companies, but most people are not going to be talking about it....
I was awarded Morgan Stanley stock options priced around the 2007 market top, ended up expiring worthless. I would assume some of the paper wealth in stock awards this cycle will experience similar moves.
I was awarded Morgan Stanley stock options priced around the 2007 market top, ended up expiring worthless. I would assume some of the paper wealth in stock awards this cycle will experience similar moves.
Bummer,
I heard stock options stories that went both ways, some who cashed out too early, some who cashed out and got stock in lieu of along with an enormous tax bill (cap. gains) and went on to lose money as the stock dropped (ouch!), and some who became overnight millionaires.
Morgan Stanley bought Smith Barney from Citigroup following the GFC. Those financial advisors may have got 10 cents on the dollar for any held Citigroup company stock.
It's been a month now since the last high for the SP500.
Although it looks like at the open we'll be within a percent of the high.
If the Nasdaq can rise just another 1% from where it is sitting at the moment, we will have a new ATH closing price on that one.
You have to figure, this early in the year and with all the prospects of funds flowing into the market like they often due in January, it's just a matter of time, and probably not much time at that.
The threat of changing economic trends with the new Administration does not seem to be a factor so far.
Post See new posts Conversation Carl Quintanilla @carlquintanilla GOLDMAN: “.. I think that the S&P 500 is well north of 6K by the end of the year. .. The median S&P 500 return from October 15th to December 31st in election years is +7.04% since 1928. “.. this implies a year-end level of $6270.” [Rubner] $SPX 🇺🇸
Data released at 3:00 PM Please see future release dates belowEach table provides the following data: issue date, coupon or auction high rate, security type, cusip, maturity date, total issue amount and various designated inv...
Graph and download economic data for Federal Government; Treasury Bills; Liability, Level/Federal Government; Treasury Securities; Liability, Level from Q4 1945 to Q3 2024 about bills, liabilities, Treasury, federal, USA, sec...
“That the free-enterprise economy is given to recurrent episodes of speculation will be agreed. There is protection only in a clear perception of the characteristics common to these flights… There are, however, few matters on which such a warning is less welcomed. Those involved with the speculation are experiencing an increase in wealth – getting rich or being further enriched. No one wishes to believe that this is fortuitous or undeserved; all wish to think that it is the result of their own superior insight or intuition. Speculation buys up, in a very practical way, the intelligence of those involved. As long as they are in, they have a strong pecuniary commitment to belief in the unique personal intelligence that tells them that there will be yet more.”
– John Kenneth Galbraith, A Short History of Financial Euphoria
Not a bad call, really. Not technically correct but out of consensus and in the right direction.
The Kobeissi Letter @KobeissiLetter Subscribe Wow. Another HUGE call from Apollo this morning: "The Fed will not cut rates this year, and rates are going to stay higher for longer." Apollo says the US economy is not slowing down, and the Fed pivot has provided a strong tailwind to growth since December. They also note that many measures of inflation are pointing higher again including Supercore Inflation at 4.5%. Meanwhile, asking rents are rising, more cities are seeing rising rents, and home prices are rising. Just 2 months ago, markets were pricing-in 6 rate cuts in 2024. The Fed's job is far from done.
Yeah yeah we know Jim. Same forecast as every year with you. You are waiting for your stopped clock to be right twice a day and then be titled 'the guy who predicted every crash.'
Theron Mohamed December 28, 2023 3 min read 174 Jim Rogers expects a multi-asset bubble to burst and the American economy to run into trouble. George Soros' cofounder hopes to profit by shorting the "Magnificent Seven" stocks at the right time. Rogers touted gold and silver, warned the inflation threat isn't over, and slammed the Fed.
This post was edited 2 minutes after it was posted.
Yeah yeah we know Jim. Same forecast as every year with you. You are waiting for your stopped clock to be right twice a day and then be titled 'the guy who predicted every crash.'
Theron Mohamed December 28, 2023 3 min read 174 Jim Rogers expects a multi-asset bubble to burst and the American economy to run into trouble. George Soros' cofounder hopes to profit by shorting the "Magnificent Seven" stocks at the right time. Rogers touted gold and silver, warned the inflation threat isn't over, and slammed the Fed.
You are right that he is always predicting a dire future for investors as he is now. But he and Soros founded the Quantum fund in 1973 and as of 1980 had returned 4,200% while the S & P returned 47%.
Narrator: Apple was up 30%+ in the year subsequent to this post:
Hedgeye @Hedgeye ‘The Biggest Red Signal In the Market’ Right Now Is Apple 🍎 @KeithMcCullough discussed yesterday’s -3.5% slide of Apple $AAPL on "The Macro Show" this morning. Apple is down around -1% today. “When you start talking about these trillion-dollar market caps and their impact on the S&P 500, you really need to pay attention. It does that infrequently,” Hedgeye’s Risk Manager in Chief says of the mega-cap Tech stock’s one-day move from bullish trend to bearish trend. “How many people own Apple? Basically everyone,” McCullough adds. “How may know the volatility of it? And how to apply it to their decision-making? A very low percentage." "Apple volatility $VXAPL going to 25 was the biggest red signal in the market yesterday, because Apple equates to 7% of the S&P 500. Huge impact."
"So, if you didn’t know the Mother of All Bubbles #MOAB matters, now you know.”
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