Discussion ***Official*** 2024 Stock Market Thread 💰

[jpiniero]

Why not just let the market cater to the those different preferences instead of government fiat dictating a single construction type?

Because the market you are talking about is tiny (when factoring in that NC Condos is not gonna be cheaper than existing SFH and maybe not even small NC SFH). Except for The Poors, which is what the NIMBYs are afraid of.

Explaining to people that are unhappy because The Rent is Too Damn High that NC would be even more than that is something that's hard to get across.

 

[Brainonska511]

Because the market you are talking about is tiny (when factoring in that NC Condos is not gonna be cheaper than existing SFH and maybe not even small NC SFH). Except for The Poors, which is what the NIMBYs are afraid of.

Explaining to people that are unhappy because The Rent is Too Damn High that NC would be even more than that is something that's hard to get across.

There are plenty of metro areas in the US that could support infill housing of all types and at all market segments. We just don't allow it to get built in a lot of areas because of an imagined and government enforced preference for sprawling, detached homes.

Anyway, new things always cost more than old things, and consumers are going to pay one way or another: not building means higher costs, building sprawl means paying for more driving related costs and higher per capital infrastructure.

 

[jpiniero]

iOS Apps From Alternative Marketplaces Can Be Updated for 30 Days Outside of EU

Apple today clarified that iPhone users in the European Union can continue to update and use apps from alternative app marketplaces for a 30-day...

www.macrumors.com

Apple is really being obnoxious when it comes to the EU App Store. Just goes to show how afraid they are of losing the Google money.

 

[woodman1999]

Quick question for you all: If one had considerable (for me) gains in a certain a.i. stock due to a vanilla stock position, how would put some downside protection on in case things went sideways fast?

 

[jpiniero]

Quick question for you all: If one had considerable (for me) gains in a certain a.i. stock due to a vanilla stock position, how would put some downside protection on in case things went sideways fast?

Buying puts? Might be expensive though... I looked at November 15th for NVDA and even 800 is $76/share.

 

[AdamK47]

Tech sector can't stop won't stop.

 

[IronWing]

A question on puts: let's say you buy a contract, sell the stock, and, by God, you were right! The stock tanks to the point trading is halted. How do you resolve your contract if you can't buy shares to replace the borrowed shares?

 

[repoman0]

Quick question for you all: If one had considerable (for me) gains in a certain a.i. stock due to a vanilla stock position, how would put some downside protection on in case things went sideways fast?

Nothing wrong with some classic profit taking and additional stop loss orders. Options overcomplicates it IMO and the taxes suck.

 

[dullard]

Nothing wrong with some classic profit taking and additional stop loss orders. Options overcomplicates it IMO and the taxes suck.

Exactly.

Bubbles like this tend to pop far later and far faster than most people think. So, if you are worried now, you probably have a bit of time to think it over. That is, until it just instantly pops with little to no warning. Is that a risk you are willing to take? If so, keep it. If not, sell a bit so you end up with a profit no matter what and let the rest ride with stop loss orders.

 

[Charmonium]

A question on puts: let's say you buy a contract, sell the stock, and, by God, you were right! The stock tanks to the point trading is halted. How do you resolve your contract if you can't buy shares to replace the borrowed shares?

Shares are only "borrowed" when you short something. Shorting means that you're selling something you don't have

A put is just a contract giving you the right to sell a stock at the strike price. Usually a put's strike price will be lower than the current market price but not necessarily.

 

[Charmonium]

Ah sorry. I see what you're getting at. I'm not sure how that works. I know that if you buy a call, the broker will exercise the call for you by temporarily loaning you the money to buy the shares at the strike price. For a put, I assume that it's a similar process but I see your point

Edit - so the broker buys the shares at market which which will be lower than the strike price and then sells them at the strike price to the writer of the put contract

 

[woodman1999]

Sounds like stop loss orders are the simplest and cheapest bet. Right now my cost basis per share is double digits so if it got to the point that I was losing money, I think I'd have bigger issues to worry about

 

[biostud]

Novo is now larger than Tesla

MSN

Shares in the pharmaceutical giant rose jumped more than 8% Thursday, pushing its market capitalization to $609 billion, about $40 billion more than Tesla’s valuation.

The company’s market cap is now larger than Denmark’s annual economic output of $410 billion and its success was largely responsible for the country dodging a recession last year. The economy grew by 1.8% in 2023, but would have shrunk 0.1% if not for the booming pharmaceutical industry, according to the Danish statistics office.

 

[jpiniero]

I'm surprised Tesla isn't doing even worse. Most of the value is in the Cult of Elon...

 

[FelixDeCat]

Novo is now larger than Tesla

MSN

Shares in the pharmaceutical giant rose jumped more than 8% Thursday, pushing its market capitalization to $609 billion, about $40 billion more than Tesla’s valuation.

The company’s market cap is now larger than Denmark’s annual economic output of $410 billion and its success was largely responsible for the country dodging a recession last year. The economy grew by 1.8% in 2023, but would have shrunk 0.1% if not for the booming pharmaceutical industry, according to the Danish statistics office.

Mabybe NOVO can buy TSLA in an all stock deal and put Elon's pay package on a diet.

 

[Charmonium]

One pricks you in the arm, the other is just a prick

 

[FelixDeCat]

This market is a bunch of hogwash.

 

[biostud]

This market is a bunch of hogwash.

Nah, just waves on an upward trend.
I just crossed 8% YTD, all time high.

 

[Charmonium]

IBM is around 200 bucks. P/E multiples just keep climbing. I think there has to be a retracement at some point. But as the old saying goes "Markets can remain irrational longer than you can remain solvent."

 

[FelixDeCat]

Mr Burns targets an 'aggressive' trading strategy...

 

[jpiniero]

Speaking of Real Estate... had a couple units recently come up for sale. Went contingent pretty quickly. And the asking price... oof. Interested to see if these are OO or wannabe Landlords who have no idea what they are getting themselves into.

 

[Charmonium]

I've got a nice cardboard box already picked out

 

[AdamK47]

Wholesale inflation jumped 0.6%. Estimate was 0.3%. Big difference.

 

[dullard]

Wholesale inflation jumped 0.6%. Estimate was 0.3%. Big difference.

I was so hopeful from the oil price decline from Sept 2023 to Dec 2023. But, energy prices came roaring back since then. Oil prices are up 12.6% in a year and 14.4% from Jan 1, 2024. That energy price rise alone caused much of the inflation. Since oil factors into just about everything we buy, our hunger for energy is still propping up prices.

Crude Oil (CLW00) Future Contract Prices & News - Google Finance

Get the latest Crude Oil (CLW00) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

www.google.com

 

[FelixDeCat]

Wholesale inflation jumped 0.6%. Estimate was 0.3%. Big difference.

Rate hike! 😱 😱 😱