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

[FelixDeCat]

lol elon

Negotiating tactic. He will buy at $38. I dont have any money on this bet, just this meme from WSB:



See the number 38?

Yup, a picture from 2005 with the number 38. Thats how I know.

LOL

 

[brianmanahan]

I dont have any money on this bet, just this meme from WSB:

See the number 38?

Yup, a picture from 2005 with the number 38. Thats how I know.

LOL

if WSB was like /r/superstonk GME sheeple, they would totally buy this up lol

they insist that 741 is a cryptic code because cohen tweeted a couple times at 7:41

and now GME did a 4:1 split during the month of july OMG!!!!

 

[Charmonium]

All the fed really needs to do is keep those inflationary expectations low. The fact that they did 75bp last time - when it was pretty clear they didn't think that was really necessary - I think convinced most investors that consumers don't seem to be bringing purchases forward. If that happens though, that might make even what are considered "hawkish" moves now as way too tame.

 

[jpiniero]

The fact that they did 75bp last time - when it was pretty clear they didn't think that was really necessary

I think it's more that they realize that the stock market will go down with these hikes; and would rather have it slump rather than a 1929 style crash.

 

[jpiniero]

Worth mentioning that in their financial report nVidia said Russia was 4% of gaming revenue. That's not insignificant. At least from what Gartner is saying, any reduction in Tech product demand might be coming entirely from Europe, between the sanctions and maybe some blowback.

 

[FelixDeCat]

I think it's more that they realize that the stock market will go down with these hikes; and would rather have it slump rather than a 1929 style crash.

We need to reach our target of 3.5%, which truth be told, is still too low. If not, how about more realistic 5% fed funds rate?

I remember back in the 1990s, even "free" checking accounts yielded 5%. Can you image a free checking account paying more than the biggest companies stock yields?

That was reality back in the 1990s, when men were MEN.

 

[Lost_in_the_HTTP]

8 richest tech leaders lost more than $250 billion in 2022: Elon Musk, Jeff Bezos take a hit.

USA Today|25 minutes ago
The tech industry is home to a significant portion of the world's richest people. Musk, Zuckerberg, and Bezos all lost big this year though.



Good.

 

[snoopy7548]

We need to reach our target of 3.5%, which truth be told, is still too low. If not, how about more realistic 5% fed funds rate?

I remember back in the 1990s, even "free" checking accounts yielded 5%. Can you image a free checking account paying more than the biggest companies stock yields?

That was reality back in the 1990s, when men were MEN.

Back in college around 2006 I signed up for a free HSBC online savings account which was giving 4.5%. Of course, being in college I didn't have much money to save...

 

[Lost_in_the_HTTP]

'Free' checking accounts are paying me $200-$400 sign up bonuses on as little as $1,000 deposits.

What is 5% on $1,000 over a year? Two?

 

[AdamK47]

Stock to watch on Monday: Uber

 

[s0me0nesmind1]

Right now I maxed out my I-Bonds for both me and the wife ($10k per year). Just keeping up with inflation is at almost 9.62% currently heh. I would suggest folks stash some money there if I were you.

But yeah, it would be nice to get better returns from a savings account, most I've seen in my life since having a job was ~2%.

'Free' checking accounts are paying me $200-$400 sign up bonuses on as little as $1,000 deposits.

What is 5% on $1,000 over a year? Two?

Milk em. I churn checking out sign-up bonus' all the time. Namely Chase and Wells Fargo have been treating me well with $300 - $500 signup bonus'. Open one for me. Open one for the wife to double it. Close it out when done, rinse and repeat with others.

 

[Lost_in_the_HTTP]

^^^ That's what I've been doing. CC sign-up bonuses too.

I'm going after a regional bank for the second time. Got one bonus about three years ago. They made me mad about some hidden fees and their song and dance about it so I closed the account after I was sure the bonus wouldn't be clawed back. Checked the rules on this one and they only go back one year since account closure, so I should be good. Looks like they fixed the hidden fee issue too, so I may stay with them for a while.

 

[FelixDeCat]

^^^ That's what I've been doing. CC sign-up bonuses too.

I'm going after a regional bank for the second time. Got one bonus about three years ago. They made me mad about some hidden fees and their song and dance about it so I closed the account after I was sure the bonus wouldn't be clawed back. Checked the rules on this one and they only go back one year since account closure, so I should be good. Looks like they fixed the hidden fee issue too, so I may stay with them for a while.

I have Wells and used to have Chase (both at the same time). I closed Chase last year because I got sick dealing with them.

However, I had thought about going back to Chase for the $225 offer....but what pain in the ass for $225.

Any other banks offer this?

 

[FelixDeCat]

'Free' checking accounts are paying me $200-$400 sign up bonuses on as little as $1,000 deposits.

What is 5% on $1,000 over a year? Two?

There is a difference between earning a bonus and safely earning 5% on your ENTIRE balance for as long as its offered.

Say you have $1,000,000 and want to retire. If you buy the largest S&P stocks, you will get a safe 2-3% yield. This means you make $20,000 to $30,000 per year on one million dollars, without selling a share.

If you want 5% ($50,000 per year) you are going to have to increase your risk level to get the dividend and not sell a share.

Or you can put in your checking account and make $50,000. The only downside is inflation. That is where stocks win over time.

 

[s0me0nesmind1]

I have Wells and used to have Chase (both at the same time). I closed Chase last year because I got sick dealing with them.

However, I had thought about going back to Chase for the $225 offer....but what pain in the ass for $225.

Any other banks offer this?

Chase is actually one of the best man.

With Chase you can open 2x accounts with 2x offers.
Chase Checking - There is usually some kind of direct deposit requirement. So simply, hit that direct deposit amount, keep in $1,500 to not be charged a monthly fee. Bam $300
Chase Savings - Usually something along the lines of deposit $10k within the first 10 days, keep in $300 minimum to not be charged a monthly fee. Bam, another $300.

Multiply the $600 x2 if you have a spouse to do it under. Close the accounts when done, rinse and repeat every 2 years (I think thats when you re-qualify for the bonus' again)


Wells Fargo / Bank of America / Chase, etc... are all crap banks with ridiculous fees. Keep your overall money in online banks, they have substantially higher interest rates, and they don't charge you fees for anything.

Personally, I went with Discover Bank for my main banking needs. Ally is usually right next to Discover as up-to-par in terms of interest rates and lack of fees/benefits.

Discover has a promo for $200/free currently if interested: https://www.nerdwallet.com/article/banking/discover-savings-bonus

 

[FelixDeCat]

Back in 1989, I had a CD paying 11% from Nowlin Savings and Loan.

Within a few years Nowlin Savings was taken over by the FDIC during the S&L crises of the early 1990s.

 

[jpiniero]

Gartner Says Worldwide PC Shipments Experienced the Sharpest Decline in Nine Years in Second Quarter of 2022

Worldwide #PC shipments declined 12.6% in the second quarter of 2022, the steepest decline in nine years, according to @Gartner_HT. Read more here. #CIO #HighTech

www.gartner.com

Based upon Gartner's PC sales report, it really does look like Europe's economy is melting down. But not the US. US PC Sales were down but that was because of a 50% decline in Chromebooks. Desktops and traditional laptops were up the US.

Oh and that Fruit Company had a big increase in PC sales.

 

[FelixDeCat]

Gartner Says Worldwide PC Shipments Experienced the Sharpest Decline in Nine Years in Second Quarter of 2022

Worldwide #PC shipments declined 12.6% in the second quarter of 2022, the steepest decline in nine years, according to @Gartner_HT. Read more here. #CIO #HighTech

www.gartner.com

Based upon Gartner's PC sales report, it really does look like Europe's economy is melting down. But not the US. US PC Sales were down but that was because of a 50% decline in Chromebooks. Desktops and traditional laptops were up the US.

Oh and that Fruit Company had a big increase in PC sales.

I look forward to buying a new laptop from Fruit of the Loom. They even have a model for penny pinchers called The Tighty Whitey.

PC demand ebbs and flows but will never die.

 

[Lost_in_the_HTTP]

Why do the Twits want to force the Rat to complete the deal? Why aren't they breathing a huge sigh of relief that he wants out?

 

[s0me0nesmind1]

Why do the Twits want to force the Rat to complete the deal? Why aren't they breathing a huge sigh of relief that he wants out?

They have a fiduciary duty to do so, silly.

 

[dullard]

Why do the Twits want to force the Rat to complete the deal? Why aren't they breathing a huge sigh of relief that he wants out?

Twitter is currently valued at $26B, is facing potentially stiff competition, and internet advertising income may be lackluster if the inflation leads to a recession (meaning Twitter may soon be worth a lot less). Compare that to $44B right now.

Then use the proceeds to buy it back off of Musk once he ruins it for pennies on the dollar.

 

[FelixDeCat]

I dont know if anyone notices or cares, but sometime last year they started offering QQQ options that expire every two damn days. I hate that. It leads to so many aberrations.


For example, if Wednesdays inflation data is considered bad and the market reacts in one extreme direction (up or down), the cheap options that expire the same day allow the manipulators and robots to violently move it in the opposite direction.

Lately they pull this trick during the last 5 minutes of trading. Such garbage.

 

[jpiniero]

CPI at 9.1%. 41 year high. Stock Futures instantly like fell 2%.

 

[s0me0nesmind1]

CPI at 9.1%. 41 year high. Stocks instantly like fell 2%.

I-Bonds.
I-Bonds.
I-Bonds.

 

[Lost_in_the_HTTP]

Big SS raise coming.