and anyway, the part the Fed is most worried about is the stickiness of ever-higher wages pushing up demand.
But right wingers can't admit wages are rising so they will make up stuff about energy because that makes them feel better.
Investor class Right and Left Wingers will not criticize the 2017 Republican corporate tax cut that took rates from 35% to 21%. No trickle down to the wage earners, but plenty of stock buybacks to inflate the bloated toad of a market.
to be fair wage earners have done pretty well for the last 5-10 years. Not sure if the tax cuts have anything to do with it though.
I am assuming you really do not believe that is about to change.
Igy - I am just teasing with you. I still owe you some snow-clearing. Hope all is well.
I know you are gigging me. We have had snow on the ground for a good week now. Not heavy, roads clear. Saturday the expected high is 46, so expect most of the snow to be gone shortly. Back on HSGFX, I will be adding back in some funds I took out. That is, if can successfully managed selling leveraged shorts and buying at what I perceive to be a discount.
Investor class Right and Left Wingers will not criticize the 2017 Republican corporate tax cut that took rates from 35% to 21%. No trickle down to the wage earners, but plenty of stock buybacks to inflate the bloated toad of a market.
to be fair wage earners have done pretty well for the last 5-10 years. Not sure if the tax cuts have anything to do with it though.
My point on the critique. Willingness of either political party’s investor class to not criticize policy, that shall we say, pads the pocket book. Even though in this case that policy has lead to some of last year’s wealth destruction, inflation, and deficits. None of this operates in a vacuum.
The last time NASDAQ was up more than 10% in January was in 2001. This was after having seen significant multiple contraction the year before. NASDAQ continued to go down by more than 50% for the rest of 2001.
Michael Burry just put out a note to sell stocks. I think. Not sure if it's actually him.
I still think it's hard to buy stocks right now when you can get a short term bond that pays 5%. Sorta doesn't make much sense anymore to take on all that risk for just a couple percent more. Esp with earnings flat at best.
But the chart watchers love love love this market. They think it's cleared the bear hurdles.
Michael Burry just put out a note to sell stocks. I think. Not sure if it's actually him.
I still think it's hard to buy stocks right now when you can get a short term bond that pays 5%. Sorta doesn't make much sense anymore to take on all that risk for just a couple percent more. Esp with earnings flat at best.
But the chart watchers love love love this market. They think it's cleared the bear hurdles.
If you follow Burry, you would know that in August 2022 he held one stock in his 13d filing: GEO group. He bought it when it was a little under $7 a share. Now it is at $11.38 a share. He also predicted the Ukraine war. The thing that he has predicted will occur this year is China going into Taiwan. I think he is taking the cue of Iran heading to Panama (which some view as an indication that Iran has achieved a nuclear bomb with the assistance of Russia) as the signal that is in the near future. Everyone criticized the old Bush "Axis of Evil" speech, but I don't feel he was that far off (his father was in charge of the CIA). Wars on multiple fronts are the greatest threat to the globe and Biden's foreign policies have made bedfellows of China, Russia, North Korea and Iran, who are threatening to destabilize the planet.
No view on On😂, but PTON seems a particularly foolish investment.
at some price PTON is a good company - 3 million subscribers is a sticky bunch of cash coming in every month. And the company has a decent moat - hard to compete against peloton's powerful brand and already built loyalty.
Yahoo says PTON shares trade at 1.1x sales...seems like a decent price if they can get the debt under control. And of course it's a constant takeout target which should put a floor under the shares. Not sure if that is 1.1x sales before the stock doubled or after.
But this double in a month is just a short squeeze I'm sure.
And Xi headed to Moscow on anniversary of war. Putin will open second front via Belarus. Tanks won’t matter. More wasted blood and money. Biden leadership.
Michael Burry just put out a note to sell stocks. I think. Not sure if it's actually him.
I still think it's hard to buy stocks right now when you can get a short term bond that pays 5%. Sorta doesn't make much sense anymore to take on all that risk for just a couple percent more. Esp with earnings flat at best.
But the chart watchers love love love this market. They think it's cleared the bear hurdles.
If you follow Burry, you would know that in August 2022 he held one stock in his 13d filing: GEO group. He bought it when it was a little under $7 a share. Now it is at $11.38 a share. He also predicted the Ukraine war. The thing that he has predicted will occur this year is China going into Taiwan. I think he is taking the cue of Iran heading to Panama (which some view as an indication that Iran has achieved a nuclear bomb with the assistance of Russia) as the signal that is in the near future. Everyone criticized the old Bush "Axis of Evil" speech, but I don't feel he was that far off (his father was in charge of the CIA). Wars on multiple fronts are the greatest threat to the globe and Biden's foreign policies have made bedfellows of China, Russia, North Korea and Iran, who are threatening to destabilize the planet.
sort of the reverse....the western coalition against RU has taught a lesson to would be RU copy-cats. Don't mess with MFing NATO.
If you follow Burry, you would know that in August 2022 he held one stock in his 13d filing: GEO group. He bought it when it was a little under $7 a share. Now it is at $11.38 a share. He also predicted the Ukraine war. The thing that he has predicted will occur this year is China going into Taiwan. I think he is taking the cue of Iran heading to Panama (which some view as an indication that Iran has achieved a nuclear bomb with the assistance of Russia) as the signal that is in the near future. Everyone criticized the old Bush "Axis of Evil" speech, but I don't feel he was that far off (his father was in charge of the CIA). Wars on multiple fronts are the greatest threat to the globe and Biden's foreign policies have made bedfellows of China, Russia, North Korea and Iran, who are threatening to destabilize the planet.
sort of the reverse....the western coalition against RU has taught a lesson to would be RU copy-cats. Don't mess with MFing NATO.
NATO's greatest weakness is division within its ranks. Many, countries do not meet their financial obligations and is heavily dependent upon US support. Support for Ukraine (non-NATO) is almost entirely dependent on US funding. With simultaneous actions by Iran and China on different fronts, it will weaken the defense of Ukraine. The reason they are acting in concert with one and other is to ensure that the US is spread to thin to contest any one action.
If you follow Burry, you would know that in August 2022 he held one stock in his 13d filing: GEO group. He bought it when it was a little under $7 a share. Now it is at $11.38 a share. He also predicted the Ukraine war. The thing that he has predicted will occur this year is China going into Taiwan. I think he is taking the cue of Iran heading to Panama (which some view as an indication that Iran has achieved a nuclear bomb with the assistance of Russia) as the signal that is in the near future. Everyone criticized the old Bush "Axis of Evil" speech, but I don't feel he was that far off (his father was in charge of the CIA). Wars on multiple fronts are the greatest threat to the globe and Biden's foreign policies have made bedfellows of China, Russia, North Korea and Iran, who are threatening to destabilize the planet.
sort of the reverse....the western coalition against RU has taught a lesson to would be RU copy-cats. Don't mess with MFing NATO.
Time will tell if that view is a fact. I suspect Russia and Belarus will not give in to a NATO proxy war, and Ukraine does not have the man power.
Looks like a lot of 'smart money' got caught shorting too many things. Whoosh. So many hedge funds have blown up their years...in January. I actually feel sorry for them.
Apparently hedgies bet stocks would go down and yields would go up post Fed. Yeah nah.
