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Discussion ***Official*** 2022 Stock Market Thread

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Jobs report tomorrow and CPI data next week.

I believe we'll get a clearer picture on how much of the bear market is left. More and more data indicates that we're already in a recession.
 
If you look at the weekly unemployment numbers, it is going up but not much. The jobs number is unlikely to be bad. It is I'm sure way underestimating how many people are not working out there but who knows what those people are doing.

Inflation still seems like it is high. The place I buy milk raised the price another 15% a couple days ago.
 
This stuff doesn't make any sense. One day you see new unemployment claims up 200K or more, next day you see new job hires at 300K+

I hate numbers.
 
Lost_in_the_HTTP said:
This stuff doesn't make any sense. One day you see new unemployment claims up 200K or more, next day you see new job hires at 300K+
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200K unemployment claim numbers are quite good. Long term, the typical new unemployment values are around 300K to 400K. Some churn is necessary for a functioning economy. If there was no new unemployment, there could be few new hires, and that means you are stuck at your high-school job forever. We just don't want sky high new unemployment numbers. Recessions almost always occur just before new unemployment numbers reach 500K.

1657287176670.png
Note: I excluded Covid related dates since to be able to better zoom into historical data. https://fred.stlouisfed.org/series/IC4WSA
 
I suspect Musk knew he was going to back out all along but he wanted to "trigger" a process to damage some people.

Remember, it's business, not idealism.
 
repoman0 said:
There’s always someone who thinks he’s playing 5D chess after he reveals that he’s actually just an impulsive moron.
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Businessmen can be dumb but I doubt this is the first time Elon bought a company or broken a contract. Contracts are legally breakable and if the proofs convince a judge, then he can get everything he wants.

Twitter now has to duel in Delware's court to acquire the $1 billion dollar breakup fee.

This is just posturing on both sides and they will probably settle something out of court in the end.
 
Was hoping he'd get it but as soon as the bot thing got brought up I knew it was probably over and he was backing out. I don't know if it's actually 50% but almost guarantee it's higher than 10%.

It was also a dumb financial decision for him and probably a knee jerk reaction more than anything. At the end of the day I doubt he would make his money back from it. Though I imagine he probably went in knowing this. It's kinda like buying a sports car, you buy it because you want it not because you're going to make money with it. But that's a crazy amount of money just for fun.
 
Red Squirrel said:
Was hoping he'd get it but as soon as the bot thing got brought up I knew it was probably over and he was backing out. I don't know if it's actually 50% but almost guarantee it's higher than 10%.

It was also a dumb financial decision for him and probably a knee jerk reaction more than anything. At the end of the day I doubt he would make his money back from it. Though I imagine he probably went in knowing this. It's kinda like buying a sports car, you buy it because you want it not because you're going to make money with it. But that's a crazy amount of money just for fun.
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Damaging the company appears to be the general goal. The "flow" of actions seem to indicate he's activating triggers in the system to do pretty much that. After all, going to court means plenty of stuff has to go public to prove a case. If damage is the goal, he doesn't need to spend 44 billion when 1 billion or half a billion will do the same or more.

Also, while the suit is ongoing, just what exactly is the direction Twitter is supposed to go?

The jazz about free speech is basically word opiates to suck in people like you.
 
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