I think ACRS trades for less than cash and it (might) recover some in the next few days. Lots of companies trade for less than cash because of adverse conditions, declining or flat sales or in the case of ACRS failed testing for a potential drug. They appear to have more than $2 a share in cash and I bought in at .68. Hoping for $1 but will settle for less. Its just a trade, not an investment especially since like most biotechs this one loses money so trading under cash is to be expected.What's got you going into pharma and biotech stocks?
Go look at a gas station and you'll see why. Nationwide gas prices are down 12% in the last two months. That just showed up in the CPI report today. Gas prices affect the price of almost everything. Unfortunately, the oil market paid attention and shot up 2% this morning when the CPI report came out, so lower gas prices might be a short-lived benefit.S&P opens almost 2% up?
Just don't get your hopes up. The fed's main goal above all else is to never let prices fall as a whole*. That is because falling prices lead to a deflationary spiral that can completely destroy an economy (and thus violate their mandate for full employment). The fed's goal is slightly growing prices.Everyone getting hopes up for rate cuts which is silly. We need prices to fall, not lower rates to maintain the current regime of price absurdity.
That is because falling prices lead to a deflationary spiral that can completely destroy an economy (and thus violate their mandate for full employment).
That guy is incredibly confused about the fed’s mission. As if they’re looking at WFH stats in their meetings and making rate decisions based on that lol.Why do we need to end WFH? Most cities are not lacking in the demand for new, walkable communities near or within existing amenities. And many people are okay returning to an office, if they don't have an onerous commute. Cities and population centers are only lacking in their ability and will to deliver.
I don't think we need to drive up unemployment to crush worker power and force some form of presentee-ism, just so some dipshit's stock can go up a quarter of a point while people's salaries return to being flat and finding a new job becomes more difficult.
I'm hoping we see an increase in work from home while simultaneously seeing the economy improve and inflation go down.Ah but they need some of that to end WFH. I don't see the rate cuts happening until the layoffs start piling up. Maybe they will by March.
That guy is incredibly confused about the fed’s mission. As if they’re looking at WFH stats in their meetings and making rate decisions based on that lol.
I don't think we need to drive up unemployment to crush worker power and force some form of presentee-ism, just so some dipshit's stock can go up a quarter of a point while people's salaries return to being flat and finding a new job becomes more difficult.
So you are confused! The fed’s mission is not to increase unemployment, it is to bring down inflation. The latter is already happening without the former happening.People complaining about RTO = too full employment
Really man, what is the reason for the WFH obsession? Can't you realize that there are cases where WFH is terrible and other cases where WFH is a very good thing for the company? A janitor working from home can't empty trash or clean the breakroom. That job should never be work from home. An engineer reviewing a complex document free from distractions every 30 seconds in a cubicle farm can do triple the work in the same amount of time at home and probably do it better too (critical documents especially safety and risk documentation require intense focus for hours at a time that offices cannot provide). WFH isn't something that should ever end. Instead, work from home is something that should be honed to highlight its best capabilities.Ah but they need some of that to end WFH. I don't see the rate cuts happening until the layoffs start piling up. Maybe they will by March.
I envision a scenario in the future where the janitor controls a group of cleaning bots from their home computer. Most of the time the cleanbots do their business in an automated fashion. Every once in a while the cleanbot needs assistance that requires manual intervention. Maybe help in maneuvering. Sometimes another bot would need to come over for further assistance.Really man, what is the reason for the WFH obsession? Can't you realize that there are cases where WFH is terrible and other cases where WFH is a very good thing for the company? A janitor working from home can't empty trash or clean the breakroom. That job should never be work from home. An engineer reviewing a complex document free from distractions every 30 seconds in a cubicle farm can do triple the work in the same amount of time at home and probably do it better too. WFH isn't something that should ever end. Instead, work from home is something that should be honed to highlight its best capabilities.
Not only that, but it also allows companies to have a competitive advantage and recruit talent outside of the typical commuter catchment area, and potentially retain talent when an employee has a spouse that has a strict non-WFH job and needs to move out of the commuter catchment area.Really man, what is the reason for the WFH obsession? Can't you realize that there are cases where WFH is terrible and other cases where WFH is a very good thing for the company? A janitor working from home can't empty trash or clean the breakroom. That job should never be work from home. An engineer reviewing a complex document free from distractions every 30 seconds in a cubicle farm can do triple the work in the same amount of time at home and probably do it better too (critical documents especially safety and risk documentation require intense focus for hours at a time that offices cannot provide). WFH isn't something that should ever end. Instead, work from home is something that should be honed to highlight its best capabilities.
Gotta break through the people with sell orders at S&P 4500 to 4525. There seems to be a hard stop there for the market. We've hit that same resistance point and got stuck several times in the last 4 months.In motion or false start?
Taking off...but read my warnings aboveAlso picked up ACRS for a trade. Stock crashed today on bad news but is trading under cash.