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Off-Topic Stock Market & Crypto Discussion

mr.h said:
It might go down some more.
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It could be im long term. I don’t mind. It’s at a 52 week low. I’m not greedy. That’s my number 1 holding. #2 and #3 are microsoft and apple.


They lowered the price of vehicles in China. What the media didn’t say it’s because Tesla would be eligible for a tax credit in China. Once they announced the price cut the Tesla website crashed on how many people were ordering Teslas online
 
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Cmuri said:
It could be im long term. I don’t mind. It’s at a 52 week low. I’m not greedy. That’s my number 1 holding. #2 and #3 are microsoft and apple.


They lowered the price of vehicles in China. What the media didn’t say it’s because Tesla would be eligible for a tax credit in China. Once they announced the price cut the Tesla website crashed on how many people were ordering Teslas online
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I own it also.
 
Cmuri said:
It could be im long term. I don’t mind. It’s at a 52 week low. I’m not greedy. That’s my number 1 holding. #2 and #3 are microsoft and apple.


They lowered the price of vehicles in China. What the media didn’t say it’s because Tesla would be eligible for a tax credit in China. Once they announced the price cut the Tesla website crashed on how many people were ordering Teslas online
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It'll rocket back up. A little Elon humour.
 
CNBC
Janet Yellen said we are winning the war on inflation
Goldman Sachs says the chance of recession is down to 35%
Oil prices will continue to drop.
analysts says that inflation is stubborn because wages are up…[makes sense]
Home prices down bigly. Imo the commodities used to build home are dropping too.
 
mr.h said:
CNBC
Janet Yellen said we are winning the war on inflation
Goldman Sachs says the chance of recession is down to 35%
Oil prices will continue to drop.
analysts says that inflation is stubborn because wages are up…[makes sense]
Home prices down bigly. Imo the commodities used to build home are dropping too.
Click to expand...
1666706640595.png
 
So. How does GM make over $2 billion last quarter if we're in a recession? All with price and interest rates way up.

I believe UPS made over $1 billion. Coke made billions.

I'm sure the oil companies will make several billions once again.
 
Tony4Miami said:
So. How does GM make over $2 billion last quarter if we're in a recession? All with price and interest rates way up.

I believe UPS made over $1 billion. Coke made billions.

I'm sure the oil companies will make several billions once again.
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Plenty of companies and even whole industries have stayed in the black during recessions.
 
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Tony4Miami said:
But.. those type of businesses?
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With the chip shortage, demand for vehicles is still high. People are having more things delivered than ever before now that they've discovered how easy it is during Covid. Coke's stock has been down, but restaurants are still doing pretty well post-covid and that accounts for a significant amount of sales.

There's more to a recession than just a lack of profit. These things do get compartmentalized. When we had the Great Recession and several years of anemic housing industry activity down here, the market was acting like nothing had really changed up in New England. I had a relative selling storm windows who hardly saw a dip in sales. Down here in FL, the industry was crushed.
 
mr.h said:
CNBC
Janet Yellen said we are winning the war on inflation
Goldman Sachs says the chance of recession is down to 35%
Oil prices will continue to drop.
analysts says that inflation is stubborn because wages are up…[makes sense]
Home prices down bigly. Imo the commodities used to build home are dropping too.
Click to expand...
So all the people who have been wrong on the economy for the past 6 years are hopeful?
 
JD08 said:
With the chip shortage, demand for vehicles is still high. People are having more things delivered than ever before now that they've discovered how easy it is during Covid. Coke's stock has been down, but restaurants are still doing pretty well post-covid and that accounts for a significant amount of sales.

There's more to a recession than just a lack of profit. These things do get compartmentalized. When we had the Great Recession and several years of anemic housing industry activity down here, the market was acting like nothing had really changed up in New England. I had a relative selling storm windows who hardly saw a dip in sales. Down here in FL, the industry was crushed.
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During the Great Recession we had to bail out banks. Now banks are making a killing.
because of the housing industry tanking, I may get my Pergo flooring. :75ebf9ecd:
 
From an ML Research piece on the midterms:

Split government = non-event for equities We believe a split government is largely priced into equities, particularly as little event risk has been priced into the volatility market. Historically, a split government under a Democrat president has been the best set-up for equities, with average annual returns of +16%.

The least likely scenario of a Democratic sweep would be the least favorable for equities, in our view, likely resulting in a knee-jerk sell-off (no gridlock = risk of higher taxes / policy uncertainty).
 
SpikeUM said:
From an ML Research piece on the midterms:

Split government = non-event for equities We believe a split government is largely priced into equities, particularly as little event risk has been priced into the volatility market. Historically, a split government under a Democrat president has been the best set-up for equities, with average annual returns of +16%.

The least likely scenario of a Democratic sweep would be the least favorable for equities, in our view, likely resulting in a knee-jerk sell-off (no gridlock = risk of higher taxes / policy uncertainty).
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Guess I gotta temper my expectations with the red tsunami that is coming.
 
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SpikeUM said:
thats still a split government (since Brandon is still there)
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Yes that’s what I mean. They are saying that it will be a nonevent if there is a split government as it’s already priced in.

I was hoping we rally if we take the house and senate.
 
Its been easy to be bearish up until November, when seasonality usually kicks in. OTOH, from Barron's today:

The most frightening thing is perhaps that there’s plenty of room for stocks to fall further. Goldman Sachs analysts wrote in an Oct. 25 note that markets haven’t actually priced in a U.S. recession. That means that shares could take another sizeable leg down if the economy doesn’t achieve a soft landing.
 
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