It did briefly surpass 5000 yesterday, but if you just look at standard 15 minute intervals, you'll likely miss that brief excursion. Looks like an opening above 5000 is likely today however.This is stupid. At one point I noticed the S&P at 4,999.13
That was just at a glance. I didn't see if it hit the magic number or not, but it fell back again.
Good sign for NYCB.
New York Community Bancorp (NYSE:NYCB) stock perked up 14.8% in Friday afternoon trading after disclosing the company's CEO and other insiders purchased more than 200K shares of the stock, which has lost about half its value since posting a surprise Q4 loss last week.
CEO Thomas Cangemi bought about 11K shares of NYCB on Friday, according to SEC filings. Recently-appointed Executive Chairman Alessandro DiNello bought 50K shares of NYCB on Friday. Other insiders, including the bank's board, also acquired shares.
I can't gloat yet, as the bears and bulls will fight this one out until the CRE issue is resolved.
You should put it all in Tesla. Elon is a god. He knows about the democrats importing migrants to vote illegally. And the cars are fantastic, especially the truck. Go all in bro!Looks like that was a good call to buy some NYCB as a gamble.... however... I've been burned buying troubled financials so many times I've learned my lesson. Even King Charles Schwab III (SCHW) still has not fully recovered from last year.
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I can't gloat yet, as the bears and bulls will fight this one out until the CRE issue is resolved.
I love when talking heads on financial news sites start talking about Commercial Real Estate (CRE). CRE is all encompassing and includes many types of structures from office buildings, hotels, apartment complexes, car washes, oil change centers, restaurants, stand alone retail buildings like Dollar Generals or bank branches, large condominiums, data center hotels and even single family rental real estate. I see these types of loans being made all day long for the last 10 years. Less than 2% wind up nonperforming.Until RTO really gets going... I can't see CRE doing well. Especially if they are that exposed to NYC CRE. Still not a bad idea if you are willing to let it ride.
I generally agree, but can you blame them? Americans are like any other humans. If you go back in history, they were doing the same buying big(ger)/heavier/uneconomical cars before the 1973 oil crisis began and after that, for decades, they were collectively moving towards lighter, smaller, more fuel efficient cars. It's turned more recently, I think somewhere around the 2000-2010 period (I don't have the data handy) and they went to bigger cars along with improved fuel economy (more hybrid SUV offerings today for example) and at least since 2014, relatively cheap gasoline prices.Yes, hybrids are great (particularly for 1-car households or those without reliable access to charging), but these are all theoretical discussions, aren't they? Americans have shown that they have a "preference" for land tanks based on what they buy.
*Preference in quotes, because it really goes hand-in-hand with decades of advertising telling people that they need some huge vehicle so that auto companies could sell more profitable vehicles.
Hybrids and PHEVs allow more to convert their daily commute away from fossil fuels and this drastically improves air quality in cities. Would we rather have 30% of cars be PHEV or 5-10% pure BEV? PHEVs also allow more people to put in outlets to charge overnight as well... at least when it comes to EV ownership, the dedicated overnight plug matters more for 99% of use.The EV market will probably increase to 10% of new car sales this year in the US. That's 2 million cars that will never use a drop of oil. The increased volume will see improvements in battery technology and charging infrastructure far faster than if we'd sit on our hands for decades hoping plug in hybrids catch on. What kind of long distance charging infrastructure would get built if everybody was driving hybrids? Zero.
There is a problem with the market being full of large expensive EV models. That will change over time though.
I looked at the data and feel like the “inflation ticked up” headline is kind of BS. Shelter is up a lot because of course it is, there isn’t enough of it and interest rates are high … thanks to the fed trying to kill inflation. Real food like veggies and meats are actually cheaper. Energy is cheaper. Medical care is higher and will always be too high because of structural problems with the whole system in the US. Typical market overreaction but people have probably been looking for an excuse to take some profits.How many people have to be laid off before we stop buying things? I was surprised to see CPI tick up and its because of demand. People are still buying, so prices will stay high and so will interest rates.
Every generation is filled with financially illiterate people. That dumb YouTube show should spend an episode or three focusing on all the boomers retiring with nothing but social security despite actually growing up in an environment where it’s possible for everyone to save.I've been hooked on the YouTube show "Financial Audit". It usually centers around the 20 to low 30 something age demographic. It's amazing just how financially illiterate young generations are. Spending money they don't have racking up massive debt. Debt on top of record amounts of student loans debt. Most don't own homes and pay monthly rent that would seem silly just a few years prior.
When I think about those that contribute to increasing inflation, I think of these people.
Yes, there are plenty from older generations that are financially unstable. We live in an age where the most basic guidance on financial success is seconds away with a search on the Internet. Despite that, younger generations are still failing financially.The fuck? Every generation is filled with financially illiterate people. That dumb YouTube show should spend an episode or three focusing on all the boomers retiring with nothing but social security despite actually growing up in an environment where it’s possible for everyone to save.
Tale as old as time: old people crapping on young people.Yes, there are plenty from older generations that are financially unstable. We live in an age where the most basic guidance on financial success is seconds away with a search on the Internet. Despite that, younger generations are still failing financially.
Still the best primer on personal finance ever produced:Yes, there are plenty from older generations that are financially unstable. We live in an age where the most basic guidance on financial success is seconds away with a search on the Internet. Despite that, younger generations are still failing financially.
True. They could vote to change that.I love young people - they're paying for my SS
We aren't even laying people off in total. The US gained 350k jobs last month and has been gaining net jobs for quite some time (37 straight job reports). A long stretch of job gains does not naturally lead to us stopping buying things.How many people have to be laid off before we stop buying things? I was surprised to see CPI tick up and its because of demand. People are still buying, so prices will stay high and so will interest rates.
Amen brotha! (Although Im still over a decade away)I love young people - they're paying for my SS
I've been hooked on the YouTube show "Financial Audit". It usually centers around the 20 to low 30 something age demographic. It's amazing just how financially illiterate young generations are. Spending money they don't have racking up massive debt. Debt on top of record amounts of student loans debt. Most don't own homes and pay monthly rent that would seem silly just a few years prior.
When I think about those that contribute to increasing inflation, I think of these people.