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

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FelixDeCat

Lifer
Aug 4, 2000
29,281
2,093
126
Which is a big indicator of bubble markets.

My latest example:

ROOT insurance

View attachment 94523

They are up from 8.80 last Wednesday to nearly 24 dollars Monday, closing just under 23 on improved financial outlook. They supposedly have $500m in cash, $1.5b in debt, sales improved this quarter to nearly $200m. But they are losing money.

I only bought some today at $21
ROOT hit $42 today, a double in 4 days!

...and for that reason I'm out.
 

JTsyo

Lifer
Nov 18, 2007
11,765
911
126
Had sold some nVidia awhile back and planned to buy it if it dropped below $400.Think I'll be waiting awhile. Over $800 now.
 

KB

Diamond Member
Nov 8, 1999
5,401
386
126
Fed will likely hike in March? 😱

Doubt it:

It’s commonly thought that monetary policy works with “long and variable lags …There was an old literature that made those lags out to be fairly long. There’s newer literature that says that they’re shorter. The truth is, we don’t have a lot of data…. It’s highly uncertain – highly uncertain.” – Jerome Powell, Federal Reserve Chairman (November 2, 2022)
 

IEC

Elite Member
Super Moderator
Jun 10, 2004
14,354
5,005
136
NYCB tanking further. Confidence eroding at a time when it needs desperately to be building it.
 

dullard

Elite Member
May 21, 2001
25,184
3,608
126
Looks like we might be getting the long overdue 10% market correction.
I would say that won't happen until they are scared about the potential presidential election results. I'm going to stay out of politics here and not name names or sides. But if Wall Street doesn't like the look of the election, then we'll get the market correction.
 

AdamK47

Lifer
Oct 9, 1999
15,304
2,910
126
I would say that won't happen until they are scared about the potential presidential election results. I'm going to stay out of politics here and not name names or sides. But if Wall Street doesn't like the look of the election, then we'll get the market correction.
I'm going to go out on a limb and say that politics won't have as big an impact on markets as some people think.
 

jpiniero

Lifer
Oct 1, 2010
14,823
5,440
136
Given how overweighed the stock market is with Tech, I'd say the China factor is the bigger deal when it comes to politics. I am geting a little worried that China is going to invade Taiwan a couple days before the election for instance.
 

AdamK47

Lifer
Oct 9, 1999
15,304
2,910
126
Inspired Foods CEO said to CNBC he is pleasantly surprised about the resiliency of consumers.

That's code for "Happy to see people still buying our garbage products despite the continual increase in prices we've passed on to them."

These CEOs are getting more blatant with their price gouging.
 

FelixDeCat

Lifer
Aug 4, 2000
29,281
2,093
126
Given how overweighed the stock market is with Tech, I'd say the China factor is the bigger deal when it comes to politics. I am geting a little worried that China is going to invade Taiwan a couple days before the election for instance.
China will not be invading its own territory of Taiwan, it would only be pacifying capitalist agitators.
 
Last edited:

JTsyo

Lifer
Nov 18, 2007
11,765
911
126
Given how overweighed the stock market is with Tech, I'd say the China factor is the bigger deal when it comes to politics. I am geting a little worried that China is going to invade Taiwan a couple days before the election for instance.
There would be months of build up before they could try. It would be a known quantity by the time it happens. Though the build up itself might cause a down turn in the market if they think war is likely. Just the South China Sea being a war zone will kill Chinese exports.
 

dullard

Elite Member
May 21, 2001
25,184
3,608
126
Fed will likely hike in March? 😱
Powell just said most likely no rate hikes this year and also no rush to cut either. Basically a holding pattern for this year unless data strongly points to a need to make changes. The market's drop yesterday is being reversed.
 
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