News Dow bouncing around -1000

[hal2kilo]

This may explain the run up.

Softbank identified as the 'Nasdaq whale' that bought billions in stock options, betting on higher prices for the biggest names in tech

SoftBank was reportedly the mystery "Nasdaq whale," that bought billions in big tech company options, adding to a trading frenzy.

www.cnbc.com

 

[vi edit]

This may explain the run up.

Softbank identified as the 'Nasdaq whale' that bought billions in stock options, betting on higher prices for the biggest names in tech

SoftBank was reportedly the mystery "Nasdaq whale," that bought billions in big tech company options, adding to a trading frenzy.

www.cnbc.com

From the article, last line:
"Tech investor Roger McNamee said the SoftBank report was disturbing. “If it’s true that SoftBank is doing that, it would be more signs that the fundamental picture here is decoupled from stock prices,” he said on CNBC. "

I've thought the last 6 months have been divorced from reality, even for wall street. This supports my world view.

 

[hal2kilo]

Just another sunny day. Reality is finally setting in. We shall see.

Edit: Note to self. Next time FB touches 300 SELL!

 

[shortylickens]

I was talking about the new Grand Wagoneer:

https://www.cnbc.com/2020/09/03/jeep-grand-wagoneer-suv-to-top-100000-as-brands-luxury-flagship.html

Which looks like a great SUV. I'd buy one for my wife if I could afford it. Of course, if I lived in the world of Robocop, I'd probably be willing to buy her 6000 SUX if she wanted one

FCA also has a Dodge Hellcat Durango coming out soon as well. I'm sure that will easily top 100K with options as well.

OOHHH!!! Ok cool. Cuz I was all over the Jeep website trying to come up with a fancy ass expensive vehicle and I was totally not able to do it.

 

[hal2kilo]

OOHHH!!! Ok cool. Cuz I was all over the Jeep website trying to come up with a fancy ass expensive vehicle and I was totally not able to do it.

Since I'm a Grande Cherokee owner and haven't killed the dealer site, since that's where I do all my service, I get all the promo stuff. Yea, looks great, but not taking out a house loan for any vehicle anymore. Looking like 100k.

 

[cytg111]

My next car will be a level-5 or bust. I'd pay a premium for it too.

The 6 Levels of Vehicle Autonomy Explained | Synopsys Automotive

Before merging onto roadways, self-driving cars will have to progress through 6 levels of driver assistance technology advancements. SAE defines 6 levels of driving automation ranging from 0 (fully manual) to 5 (fully autonomous). Learn more.

www.synopsys.com

"Car? Take me to work, wake me 3 minutes before we land. Execute."

 

[Staples]

I think the market will go up tomorrow because I sold some stuff today. My record of selling at the bottom has been impeccable for 15 years.

 

[hal2kilo]

I think the market will go up tomorrow because I sold some stuff today. My record of selling at the bottom has been impeccable for 15 years.

Every time FB gets hot, I put in high limit sell order, the very next day like clockwork it swoons and takes several weeks if not a couple months to get back to where my finger gets itchy again. It's all gravy as I sold half of it when it doubled after about 18 months from the initial IPO. It gives me an excuse to bitch about the alien owner Zuckerberg. As if I needed one.

 

[darkswordsman17]

My next car will be a level-5 or bust. I'd pay a premium for it too.

The 6 Levels of Vehicle Autonomy Explained | Synopsys Automotive

Before merging onto roadways, self-driving cars will have to progress through 6 levels of driver assistance technology advancements. SAE defines 6 levels of driving automation ranging from 0 (fully manual) to 5 (fully autonomous). Learn more.

www.synopsys.com

"Car? Take me to work, wake me 3 minutes before we land. Execute."

You're gonna be waiting awhile, unless you're willing to gamble with Tesla's (or whomever else decides to follow in claiming such high levels of autonomy) lies about how capable their system actually is. There's no one even close to that stuff right now and anyone claiming it is full on lying, and its gonna lead to deaths (just like it has with Teslas). Don't get me wrong, there's definitely improvements, but all of that tech, without properly trained drivers still alert behind the wheel, are a danger.

 

[repoman0]

You're gonna be waiting awhile, unless you're willing to gamble with Tesla's (or whomever else decides to follow in claiming such high levels of autonomy) lies about how capable their system actually is. There's no one even close to that stuff right now and anyone claiming it is full on lying, and its gonna lead to deaths (just like it has with Teslas). Don't get me wrong, there's definitely improvements, but all of that tech, without properly trained drivers still alert behind the wheel, are a danger.

Shhh, don't let the clueless Teslabots in this forum hear that. I've told them this plenty of times and they usually blow up in an emotional Elon Musk koolaid-induced rage.

 

[cytg111]

You're gonna be waiting awhile, unless you're willing to gamble with Tesla's (or whomever else decides to follow in claiming such high levels of autonomy) lies about how capable their system actually is. There's no one even close to that stuff right now and anyone claiming it is full on lying, and its gonna lead to deaths (just like it has with Teslas). Don't get me wrong, there's definitely improvements, but all of that tech, without properly trained drivers still alert behind the wheel, are a danger.

True, and I dont anticipate to be part of the first round of statistics either . I figure I got some years 4+ left in my current ride, by then it would be nice if something real has materialized.

 

[cytg111]

Shhh, don't let the clueless Teslabots in this forum hear that. I've told them this plenty of times and they usually blow up in an emotional Elon Musk koolaid-induced rage.

Show us on the drawing where the evil Elon touched you...

 

[rstrohkirch]

 

[Staples]

haha. Yeah, shut up about Tesla. As I predicted. Sold crap yesterday and MSFT (which I sold) went up 4% today. ALWAYS ALWAYS selling at the bottom.

Anywho. I put money into TESLA. I am not stupid. Well maybe I am for gambling. I know they are not worth even 1/3 of their stock price but I am counting on the fanboys to bid it up even more.

 

[vi edit]

Happy Monday. Hope you have your seats in the upright position, and trays in their locked position. The pilot has turned on the seatbelt sign. Prepare for a bumpy ride.

 

[Roger Wilco]

Snap back to reality?

 

[Fenixgoon]

Snap back to reality?

Oh there goes gravity...

 

[hal2kilo]

Something about September.

 

[Roger Wilco]

And now it’s hitting record highs.

 

[eelw]

And now it’s hitting record highs.

Good job orange monkey!!!! Well they’ll find a way to twist it.

 

[MomentsofSanity]

And now it’s hitting record highs.

FED forecasting three rate cuts will do that.

 

[fskimospy]

Good job orange monkey!!!! Well they’ll find a way to twist it.

No joke I could totally see them claiming the initially high stock market under Biden was Trump’s doing, the lower stock market after Biden’s doing, and now higher stocks Trump’s doing again.

 

[hal2kilo]

Damn company stock finally broke 200. Projecting 220. Been sitting down as low as 174. Must call Fidelity tomorrow now that the market is finally looking slightly predictable again.

 

[K1052]

Record DOW, rate cuts coming, inflation at Fed target, 5% GDP growth, mortgage rates falling, cheap gasoline, rents falling, wages rising, grocery prices falling, and unemployment under 4%.

Here's why this is bad news for Joe Biden...

 

[Paratus]

Record DOW, rate cuts coming, inflation at Fed target, 5% GDP growth, mortgage rates falling, cheap gasoline, rents falling, wages rising, grocery prices falling, and unemployment under 4%.

Here's why this is bad news for Joe Biden...

To fuckin true.