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JTsyo

JTsyo

Lifer
Nov 18, 2007
11,809
944
126
AdamK47 said:
Amazon earnings miss. Down over 7% in after hours. Futures down.

Soon I'll be able to buy VGT for what I sold it for back in March.
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How did that happen I bought a bunch of crap during Prime day.

Problem with housing is people want houses where it's already densely populated, not where there's plenty of land. Just look at all the people moving to Texas. Plenty of room but the cities' housing prices are shooting up.
 
J

jpiniero

Lifer
Oct 1, 2010
15,099
5,661
136
JTsyo said:
Problem with housing is people want houses where it's already densely populated, not where there's plenty of land.
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Yah, I looked at Austin housing. There's some new SFH in the outskirts of town in the mid 300s. Which isn't exactly cheap but yes that is cheaper than what new SFH go for in HCOL.

Course if you bought one, I don't know how realistic commuting would be for what jobs that are there...and you'd have to live in Texas too, soooo....
 
W

woodman1999

Golden Member
Sep 19, 2003
1,700
106
106
jpiniero said:
Why would you buy Intel???

We discussed this earlier, the only real bull case was China invading Taiwan before Intel ran out of money. Clearly Intel isn't going to make it.
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The original buy was 2014. I have been completely preoccupied with kids sports and work thus summer and totally whiffed on the issues they were having with their current and prior gen cpus.
 
J

jpiniero

Lifer
Oct 1, 2010
15,099
5,661
136
woodman1999 said:
The original buy was 2014. I have been completely preoccupied with kids sports and work thus summer and totally whiffed on the issues they were having with their current and prior gen cpus.
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That's not their problem. Client revenue is up 9% actually and revenue overall was only down 1%.

The problem is that's not going to pay the fab bills.
 
AdamK47

AdamK47

Lifer
Oct 9, 1999
15,489
3,200
136
jpiniero said:
You'd expect the stock market to go up and not down if that was the case. The unemployment numbers are very much still within range.
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Bad news is bad news.

More bad news today. Nonfarm payroll growth at 114,000. Estimate was for 179,000. That was a lowered estimate too.

Unemployment rises to 4.3% where estimates had it unchanged at 4.1%.

These are all rapid changes. Sure smells recessiony.
 
AdamK47

AdamK47

Lifer
Oct 9, 1999
15,489
3,200
136
The tech company I worked for in Cincinnati before moving to Columbus was acquired and most of the employees laid off at the end of June. Many of them in their 50's and 60's. They have no chance in this economy.

I have always suspected some of them could have retired but stuck around just to get health insurance.
 
repoman0

repoman0

Diamond Member
Jun 17, 2010
4,684
3,694
136
Why is this Powell guy still in charge? He bowed to political pressure in 2018, was way too late raising rates in 2021, and now is too late starting to lower them. This guy constantly gets it wrong.
 
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repoman0

repoman0

Diamond Member
Jun 17, 2010
4,684
3,694
136
Not that the economy actually looks bad or recessiony to me yet, still have a percent and a half of unemployment rate to go up before it hits the long term average, and the real interest rates in the bond and mortgage market are already down significantly.

I just quit a super stable job that was boring me a bit to go to a smaller company for a >50% raise .. hope that works out.
 
biostud

biostud

Lifer
Feb 27, 2003
18,614
5,303
136
repoman0 said:
Why is this Powell guy still in charge? He bowed to political pressure in 2018, was way too late raising rates in 2021, and now is too late starting to lower them. This guy constantly gets it wrong.
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Exactly, he is afraid of his own shadow.
 
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dullard

dullard

Elite Member
May 21, 2001
25,476
3,975
126
repoman0 said:
Not that the economy actually looks bad or recessiony to me yet, still have a percent and a half of unemployment rate to go up before it hits the long term average, and the real interest rates in the bond and mortgage market are already down significantly.

I just quit a super stable job that was boring me a bit to go to a smaller company for a >50% raise .. hope that works out.
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Best of luck on the new job!

The bond market is doing the fed's job for them. Rates are going down without the fed needing to do a thing.
 
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J

jpiniero

Lifer
Oct 1, 2010
15,099
5,661
136
AdamK47 said:
Bad news is bad news.

More bad news today. Nonfarm payroll growth at 114,000. Estimate was for 179,000. That was a lowered estimate too.

Unemployment rises to 4.3% where estimates had it unchanged at 4.1%.

These are all rapid changes. Sure smells recessiony.
Click to expand...

TBF I was looking at the insured unemployment numbers (ie: people drawing unemployment) which is only barely higher than last year.
 
J

jpiniero

Lifer
Oct 1, 2010
15,099
5,661
136
repoman0 said:
and the real interest rates in the bond and mortgage market are already down significantly.
Click to expand...

The 10 year is literally right around where it was at the beginning of the year. Granted the decline has been fairly steep (it was at almost as 4.5% at the beginning of July).

The overly negative news does seem fishy to me. Maybe this is the beginning of Operation RTO. Convince people the economy is bad even though it's not.
 
repoman0

repoman0

Diamond Member
Jun 17, 2010
4,684
3,694
136
jpiniero said:
The 10 year is literally right around where it was at the beginning of the year. Granted the decline has been fairly steep (it was at almost as 4.5% at the beginning of July).

The overly negative news does seem fishy to me. Maybe this is the beginning of Operation RTO. Convince people the economy is bad even though it's not.
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Cherry picking a one week period when the 10 year was this low doesn’t support your point. It hasn’t actually been this low in any sustained way since 1H2023.

Operation RTO didn’t exist years ago when you made it up and still doesn’t. My new job is fully remote :)
 
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IronWing

IronWing

No Lifer
Jul 20, 2001
70,110
28,709
136
The now normal pre-election mood swings have arrived. If the market tanks like it did in the fall of 2020, I have money on the sidelines to dump in.
 
repoman0

repoman0

Diamond Member
Jun 17, 2010
4,684
3,694
136
dullard said:
RTO was often just a way to get employees to quit. Layoffs without payouts. https://www.msn.com/en-ie/money/car...s-were-meant-to-make-workers-quit/ar-BB1qyrUa
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Absolutely. Individual companies wield the RTO hammer for many reasons, some nefarious, some stupid, some totally reasonable depending on the industry. That poster thinks there’s some fed conspiracy to make RTO happen though, outside of their mission statement to support the strongest labor market possible with low inflation.
 
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