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

[FelixDeCat]

I took a little bit of profit on March 4th when professional analysts couldn't say if we were in a bubble or a true rally.

This whole pullback on rate cuts has me happy about the decision. Still have plenty in both.

This may have been a smart move. Futures are headed south... in a hurry...

 

[AdamK47]

I know we are quite a ways from the open, but man, the futures implied open on Nasdaq is -326.56 currently.

 

[AdamK47]

Oh, reports of explosions in Iran. We'll see what the morning brings.

Edit: Not looking too doomy and gloomy.

 

[FelixDeCat]

Nvm

 

[FelixDeCat]

Looks like the correction is on ...

 

[AdamK47]

Looks like the correction is on ...

Or a war

 

[FelixDeCat]

I think we stabilize and go back up next week. Nothing but smooooth sailing captain.

 

[bookem dano]

That's probably better than investing in Apple.

I despise Apple products- they are not intuitive to me. I almost bought some of their stock before the ipod came out. I didn't think it would take off and there was talk about them going bankrupt if the ipod didn't take. Ohh well....at least I put that money into nVidia back then.

 

[FelixDeCat]

I despise Apple products- they are not intuitive to me. I almost bought some of their stock before the ipod came out. I didn't think it would take off and there was talk about them going bankrupt if the ipod didn't take. Ohh well....at least I put that money into nVidia back then.

I've never used an overpriced Apple product. I know half the population loves it, but I've been happy with Wintel computers since the early 90s and Android since 2011.

My first smart phone was a $700 HP iPaq 6315 with Microsoft Mobile. It had "high speed" 32kbps GPRS for $69 per month. It even had a Windows start menu and DIAL UP internet capability which I used sometimes.

This was 2005 when most people used clam shell Nokias.

 

[biostud]

I've never used an overpriced Apple product. I know half the population loves it, but I've been happy with Wintel computers since the early 90s and Android since 2011.

My first smart phone was a $700 HP iPaq 6315 with Microsoft Mobile. It had "high speed" 32kbps GPRS for $69 per month. It even had a Windows start menu and DIAL UP internet capability which I used sometimes.

This was 2005 when most people used clam shell Nokias.

I have an iPad I got from work to use for "work" which it has never been used for. Personally I would never buy anything where I would have to pay the apple tax and being in such a walled garden envirionment.

 

[AdamK47]

Market started off okay. Not so much anymore.

The once savior of the automotive world is crashing ahead of earnings.

 

[dullard]

The once savior of the automotive world is crashing ahead of earnings.

Wake me up when it reaches $70/share. Then I'll be much more tempted.

 

[FelixDeCat]

Wake me up when it reaches $70/share. Then I'll be much more tempted.

99.00 more likely unless the carnival barker makes more grandiose announcements as per usual to keep the stock price up, then 133..I think. I can't imagine any scenario in which it hits 150 again, but leave it to the world's richest African American to pull a rabbit from his hat, so you never know. My guess is robo taxis in 90 days.

 

[FelixDeCat]

Own 1 Tsla,

 

[FelixDeCat]

TSLA up AH on fluff and promises as expected. I still have my 1 share.

 

[IronWing]

Are you willing to accept market risk and volatility?

Me: You betcha', I'm ready to let the capitalist system work its magic (making lazybones dogmatists rich)!

<invests>
<one week later, investment is down by 6%>

Me: F'!

It's recovered half of that but, f'.

 

[biostud]

Are you willing to accept market risk and volatility?

Me: You betcha', I'm ready to let the capitalist system work its magic (making lazybones dogmatists rich)!

<invests>
<one week later, investment is down by 6%>

Me: F'!

It's recovered half of that but, f'.

The reason why I only invest in indexes, given enough time they have always ended up giving a surplus. But sure it wasn't fun when they all were in negative...

 

[JTsyo]

Ideally the prices stay low right up until you want to sell. That way your buys and dividend reinvestment gives you the best returns.

 

[repoman0]

TSLA up AH on fluff and promises as expected. I still have my 1 share.

I have something like 100 shares spread throughout my index funds if I’ve done the math right, wish I could sell and get SPY ex-TSLA in their places. Right now when it’s up 10% based on nothing would be good.

 

[FelixDeCat]

I have something like 100 shares spread throughout my index funds if I’ve done the math right, wish I could sell and get SPY ex-TSLA in their places. Right now when it’s up 10% based on nothing would be good.

I sold for $20 profit this morning. Now I can buy lunch! SPY>Tsla, so it's not a bad idea to diversity.

 

[AdamK47]

Chipotle earnings coming up. They describe the consumer as resilient. That's code for "people willing to pay our hiked up prices".

Haven't been to one in over a year after seeing a single burrito bowl going for $20.

 

[jpiniero]

I have something like 100 shares spread throughout my index funds if I’ve done the math right, wish I could sell and get SPY ex-TSLA in their places. Right now when it’s up 10% based on nothing would be good.

I think I mentioned that when Tesla was added to the S&P that it's a bad idea to add meme stocks to it.

Tesla probably still has a higher market cap than the other car makers combined.

 

[FelixDeCat]

Meta faceplants 16% AH on big AI expense warning ⚠️

Last time they warned on expenses this big the stock fell almost 60%.

 

[linkgoron]

I think I mentioned that when Tesla was added to the S&P that it's a bad idea to add meme stocks to it.

Tesla probably still has a higher market cap than the other car makers combined.

They are way overpriced, but not as much anymore.

Tesla are around 510 Billion USD after yesterday's large jump, but just counting Toyota, Mercedes and Honda we get a market cap of ~520 Billion. Toyota are ~380, billion, Mercedes are ~80, and Honda are ~60. There are also other large manufacturers - BYD at ~78, BMW ~70, VW at ~70, Ford at ~50, Hyundai at ~45 etc.

I still think that they should be at most around ~50% of their current price (I do think that they're not just a car company, but they mostly are, and so far their other bets are not making much money, or have relatively low margins), but the shareholders still believe Musk's promises for some reason.

 

[AdamK47]

Bold prediction here: Tomorrow will be a down day.