You're so mean to me. I'm going to eat some worms. :-(
You're so mean to me. I'm going to eat some worms. :-(
Portia wrote:
Gruntz wrote:
Uh oh, Igy’s not gonna like that. 🥸
I honestly could not care less.
Oh, and buy some WisdomTree Funds today on the Siegel 5,000 S&P 500 recommendation.
ARKK is down today while tech is up over 2%
Amusing to see it act as a sort of bear fund because of its COVID stocks.
Wacky.
SARK +0.56%
Ghost of Igloi wrote:
SARK +0.56%
Gee, that's great, there Igy!
How does that compare with the S&P 500 on the day?
Must have to kill it, i'm sure, to justify that whapping 0.75% management fee.
😷
Portia wrote:
Gruntz wrote:
Uh oh, Igy’s not gonna like that. 🥸
I honestly could not care less.
Well, he certainly cares given his replies to you. Triggered you might say.
seattle prattle wrote:
Ghost of Igloi wrote:
SARK +0.56%
Gee, that's great, there Igy!
How does that compare with the S&P 500 on the day?
Must have to kill it, i'm sure, to justify that whapping 0.75% management fee.
Got it covered:
https://www.morningstar.com/etfs/xnas/sark/quoteGruntz wrote:
Portia wrote:
I honestly could not care less.
Well, he certainly cares given his replies to you. Triggered you might say.
Like your Igy obsession?
Gruntz wrote:
Portia wrote:
I honestly could not care less.
Well, he certainly cares given his replies to you. Triggered you might say.
I no longer see his posts. So if he’s addressing anything to me, then he’s talking to a wall.
I ignore your posts because they can be found daily on Advisor Perspectives.
really interesting to me how sensitive tech stocks are to interest rates.
lately it's been quite inversely correlated.
When rates fall, tech outperforms
when rates rise, tech underperforms
I've always sort of laughed at using discounted cash flow as a way to value stocks but here it is, working quite well.
at least DCF models seem to be driving day to day performance
who knows if the decisions being made by DCF are the correct ones. Have to wait and see.
agip wrote:
really interesting to me how sensitive tech stocks are to interest rates.
lately it's been quite inversely correlated.
When rates fall, tech outperforms
when rates rise, tech underperforms
I've always sort of laughed at using discounted cash flow as a way to value stocks but here it is, working quite well.
at least DCF models seem to be driving day to day performance
who knows if the decisions being made by DCF are the correct ones. Have to wait and see.
I mean... it's not really surprising though, is it? The entire business model is basically take on as much debt as possible
Prof. Racket wrote:
agip wrote:
really interesting to me how sensitive tech stocks are to interest rates.
lately it's been quite inversely correlated.
When rates fall, tech outperforms
when rates rise, tech underperforms
I've always sort of laughed at using discounted cash flow as a way to value stocks but here it is, working quite well.
at least DCF models seem to be driving day to day performance
who knows if the decisions being made by DCF are the correct ones. Have to wait and see.
I mean... it's not really surprising though, is it? The entire business model is basically take on as much debt as possible
huh?
is it true that tech companies have a lot of debt relative to old economy companies? I wouldnt' have guessed that.
My version of what is going in is valuation based....the cash flows out in the future are discounted more when interest rates rise. Or put another way, high tech valuations make their stocks very susceptible to changes in interest rates because of the many years of discounting.
I'm terrible at this kind of maths so maybe I don't have it quite right in detail, but I think the principal is korrekt.
agip wrote:
Prof. Racket wrote:
I mean... it's not really surprising though, is it? The entire business model is basically take on as much debt as possible
huh?
is it true that tech companies have a lot of debt relative to old economy companies? I wouldnt' have guessed that.
My version of what is going in is valuation based....the cash flows out in the future are discounted more when interest rates rise. Or put another way, high tech valuations make their stocks very susceptible to changes in interest rates because of the many years of discounting.
I'm terrible at this kind of maths so maybe I don't have it quite right in detail, but I think the principal is korrekt.
Not sure what you mean by "old economy," but the point is that in order to have a DCF you need, ya know, the CF part, which many tech companies only have on the outflow side - heavily.
They're tied to interest rates for a reason - they're 99.99999% debt and nothing more, and probably never really will be anything more.
IMO interest rates should be raised to just to btfo these companies. They're retaining employees to do basically nothing that could be used elsewhere in industry.
I think I get it. The old economy needs government subsidies and bailouts to survive. The American people need low interest rates and handouts to support consumer spending. Low interest rates support Tech debt, and thru stock buybacks increases the earnings power of Tech companies. Downside is the hidden tax of inflation and rising economic inequality. Any break in the Fed-Treasury link of debt issuance, liquidity, interest rate control, and the whole fake market collapses—even the glorious tech companies.
Portia wrote:
Gruntz wrote:
Well, he certainly cares given his replies to you. Triggered you might say.
I no longer see his posts. So if he’s addressing anything to me, then he’s talking to a wall.
He’s hard for me to ignore because he tends to dominate this thread and others. He loves to hear himself speak.
Good things we have the Troll to put Igy in his place. :-)
I follow up to the point about retaining unneeded employees. Example? Just not on my radar. Is the premise that if the company can't meet its bills in the 'here and now', it should be allowed to sink?
RIP: D3 All-American Frank Csorba - who ran 13:56 in March - dead
Great interview with Steve Cram - says Jakob has no chance of WRs this year
RENATO can you talk about the preparation of Emile Cairess 2:06
I’m a D2 female runner. Our coach explicitly told us not to visit LetsRun forums.
2024 College Track & Field Open Coaching Positions Discussion
adizero Road to Records with Yomif Kejelcha, Agnes Ngetich, Hobbs Kessler & many more is Saturday
Hats off to my dad. He just ran a 1:42 Half Marathon and turns 75 in 2 months!