Lost_in_the_HTTP
Lifer
- Nov 17, 2019
- 10,892
- 6,513
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Poor Ponyo. That was one very expensive exercise bike.
The dumb part of Peleton is that Americans are fat as hell.
Happy to see Nvidia getting punished today. The crypto mining craze has dried up. Over supply of graphics cards that both they and 3rd party suppliers were more than happy to provide to crypto miners.
I remember at the end of 2002 one of my coworkers was doing some virtual investing for a college course they were going through. They asked me what tech stock to invest in. I told them to go with Nvidia. They did. The GeForce FX was released in January 2003 and the stock dipped about 15% to 20%. They gave me some grief about it. Today the stock is about 25000% higher compared to the end of '02.Nvidia is a good long term hold. 👌
I think 10 years from now today's worries won't matter. Of course they said the same thing about Intel, but it seems Nvidia has been better run to date.
Did anybody actually think Powell would start cutting rates
Soon your going to need themWho you callin' fat, homie? That's just my emergency food reserves. 😆
Did anybody actually think Powell would start cutting rates or pausing rate increases? He said exactly what everyone expected and the market is freaking out.
I remember at the end of 2002 one of my coworkers was doing some virtual investing for a college course they were going through. They asked me what tech stock to invest in. I told them to go with Nvidia. They did. The GeForce FX was released in January 2003 and the stock dipped about 15% to 20%. They gave me some grief about it. Today the stock is about 25000% higher compared to the end of '02.
So much for the rate being "priced in".
Where's the floor on QQQ?
VTI is below $200. Back to averaging down.
A long time ago a coworker likened these bear market lows to having a time machine where I can go back in time and buy at earlier prices. That stuck in my mind.
Fed this fed that. Rate odd this rate odd that.The problem is that the market has been so outrageously pumped... since 2008 really... that even a neutral Fed means that stocks have to come down big.
You need the money printer to justify anywhere near current pricing levels. Gambling that the money printer will be turned back on is not a bad bet... but it is a bet.