Down goes the Dow

seattle prattle wrote:

From 7 months ago:

Racket wrote:

I saw that AMD was way up (because.... just because AMD). Like I said several months ago, it's nothing more than an expensive penny stock.

Some good entry points here. Futures traders are trying to sell this news hard. Easy dip to buy.

I don't know if you've checked AMD lately, but we missed the boat. I did buy it but either made pcket change or broke even, but certainly sold it shortly thereafter either way. Now it's like doubled since then. Bought a tiny bit today against my better judgement, and may add to it if i don't get schooled (like i usually do).

I guess it's the a 5G play, but must be one of the major ones.

Of course I've seen it. And it remains an overpriced penny stock easily subjected to pump and dump schemes. Stay away from things with high visibility to obnoxious tech bros. These include such things as TSLA, AMD, bitcoin, and NIO

Racket wrote:

seattle prattle wrote:

From 7 months ago:

I don't know if you've checked AMD lately, but we missed the boat. I did buy it but either made pcket change or broke even, but certainly sold it shortly thereafter either way. Now it's like doubled since then. Bought a tiny bit today against my better judgement, and may add to it if i don't get schooled (like i usually do).

I guess it's the a 5G play, but must be one of the major ones.

Of course I've seen it. And it remains an overpriced penny stock easily subjected to pump and dump schemes. Stay away from things with high visibility to obnoxious tech bros. These include such things as TSLA, AMD, bitcoin, and NIO

If you're telling me to stay away from them, it's a little to late for that.

dabbled in all of them except one.

And overall, lost big on one of them that puts the bunch just slightly in the negative, but did well with the other two.

But that's okay, because some of these speculative plays just like these turned out to be massive long term winners, and I would put Shopify in that category.

An emerging markets ETF is the worst thing i touched in a long time, and leveraged no less. So appreciate your insight when you say your staying clear of that. Down too much on it to sell it now.

“Deficits are now so large that Treasury issuance monetization must occupy the vast majority of the Fed’s attention. This close the zero bound, the Fed can no longer significantly lower rates, it simply must prevent rate market dislocations due to massive supply. Fed action is no longer stimulative; rather, it is only palliative. Importantly, it’s not Fed ‘liquidity’ feeding market participants’ emotional impulse. While it remains an enabler, it’s fiscal policy that is putting money directly into gamblers’ bank accounts. This distinction is crucial to whether fiscal policy continues to provide enough liquidity for a return to the casino later this year. It seems that equity markets are priced for an aggressive second round of fiscal policy action, an efficacious vaccine by year end, and a healthy corporate America - free from defaults.“

—Peter Cecchini

Which EM etf are you in? I looked at VWO a while ago, but it had too much CHN exposure for me, as I was already in Alibaba, Tencent, etc

Another good day for my miners, more than offsetting some losses last week. Overall they continue to grind higher, slowly, over time.

Maserati wrote:

Which EM etf are you in? I looked at VWO a while ago, but it had too much CHN exposure for me, as I was already in Alibaba, Tencent, etc

EDC

I’m wondering what you guys think of the potential of “second-tier tech”—ie not fang. Things like Square, Cisco, IBM, etc, as a group in the next year

Racket wrote:

Stay away from things with high visibility to obnoxious tech bros. These include such things as TSLA, AMD, bitcoin, and NIO

The very stocks I have made a lot of dough on these past few months

Racket wrote:

PRPL man wrote:

I can see mattresses as I think that's a thing that people will put off as it's a huge hassle to having to change out a mattress and also to pick the right one. However, since people are home, it's not a big of a hassle to wait for delivery and setting up their new bed.

This is actually a good point. People are doing the annoying housekeeping and improvement stuff they otherwise don't have time for - changing mattresses (PRPL), home improvement (Lowe's and Home Depot)...

What's something else people hate doing and would do only when they get really bored? Find the luxury version of it and start investing

I don't know if it's too late to find those things. Only reason that I've been following Purple has been that I'm a huge fan of their mattresses. lol I love it, and I highly recommend them to anyone as I never ever have any back pain sleeping since getting them.

I've sold half of my position at $20, but the rest, I'm going to ride it for the next 5-10 years or so. It may have a huge dip and go down under $10 again, but I'm also confident in the long run that they'll be successful as I love their mattresses.

I'm sure this stock is going to be volatile, but I'll let it ride.

The Disney earnings report not told was GAAP EPS -$2.61 per share and Net Income -$4.7 Billion. Non-GAAP EPS also known as Adjusted .08. Adjusted alright :-)

https://thewaltdisneycompany.com/app/uploads/2020/08/q3-fy20-earnings.pdf

Funny really. Or fraudulent. The company “made” money with park closures, and loss of ESPN revenue. And all the Covid 19 expenses. Oh, one time items, that’s right. What a joke.

Ghost of Igloi wrote:

Funny really. Or fraudulent. The company “made” money with park closures, and loss of ESPN revenue. And all the Covid 19 expenses. Oh, one time items, that’s right. What a joke.

How is that fraudulent? They obviously had a greatly reduced work force, infrastructure expenses, etc.

seattle prattle wrote:

Maserati wrote:

Which EM etf are you in? I looked at VWO a while ago, but it had too much CHN exposure for me, as I was already in Alibaba, Tencent, etc

EDC

Holy sheet seattle that’s a big bet on EM’s, hopefully you didn’t put too much into it.

Well, I would have to agree. Looks like even the good folks at Disney have caught the bug.?

They’re far from being the only ones. The whole non-GAAP thing, I get it—show how things would have been but for one-time extraordinary events. The problem is that this event is not yet over, so IMO it shouldn’t be counted in non-GAAP, because it has become an ongoing operational reality. Non-GAAP should then also extract one-time extraordinary revenues like PPP.

Of course the two should always be presented side-by-side, with explanation, for comparative purposes only.

gold up 22% in 8 weeks, all time highs.

oil soaring - back up to mid 40s.

TIPS up steadily

US stocks at near all time highs

emerging markets roaring

yield curve steepening.

This is what...a weak dollar fueled surging global economy.

Bonds don't quite fit the pattern...you'd think yields would start backing up. Maybe the Fed's actions have prevented that.

Ghost of Igloi wrote:

The Disney earnings report not told was GAAP EPS -$2.61 per share and Net Income -$4.7 Billion. Non-GAAP EPS also known as Adjusted .08. Adjusted alright :-)

https://thewaltdisneycompany.com/app/uploads/2020/08/q3-fy20-earnings.pdf

Up 10% so far today. Thanks, Igy! This guy is money!

pretty amazing...since Trump's election NYT stock has gone from 13 to 46.

The media really needs Trump...I'd guess shorting NYT might be a smart move, if you think Biden will win.

My fear is that one reason reporters refuse to hold Trump to account for his actions and lies is that they know they need Trump to create headlines and buzz.