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Discussion ***Official*** 2024 Stock Market Thread 💰

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FelixDeCat said:
Which is a big indicator of bubble markets. 😱

My latest example:

ROOT insurance

View attachment 94523

They are up from 8.80 last Wednesday to nearly 24 dollars Monday, closing just under 23 on improved financial outlook. They supposedly have $500m in cash, $1.5b in debt, sales improved this quarter to nearly $200m. But they are losing money.

I only bought some today at $21
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ROOT hit $42 today, a double in 4 days!

...and for that reason I'm out.
 
Had sold some nVidia awhile back and planned to buy it if it dropped below $400.Think I'll be waiting awhile. Over $800 now.
 
FelixDeCat said:
Fed will likely hike in March? 😱
Click to expand...

Doubt it:

It’s commonly thought that monetary policy works with “long and variable lags” …There was an old literature that made those lags out to be fairly long. There’s newer literature that says that they’re shorter. The truth is, we don’t have a lot of data…. It’s highly uncertain – highly uncertain.” – Jerome Powell, Federal Reserve Chairman (November 2, 2022)
 
NYCB tanking further. Confidence eroding at a time when it needs desperately to be building it.
 
FelixDeCat said:
Looks like we might be getting the long overdue 10% market correction.
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I would say that won't happen until they are scared about the potential presidential election results. I'm going to stay out of politics here and not name names or sides. But if Wall Street doesn't like the look of the election, then we'll get the market correction.
 
dullard said:
I would say that won't happen until they are scared about the potential presidential election results. I'm going to stay out of politics here and not name names or sides. But if Wall Street doesn't like the look of the election, then we'll get the market correction.
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I'm going to go out on a limb and say that politics won't have as big an impact on markets as some people think.
 
Given how overweighed the stock market is with Tech, I'd say the China factor is the bigger deal when it comes to politics. I am geting a little worried that China is going to invade Taiwan a couple days before the election for instance.
 
Inspired Foods CEO said to CNBC he is pleasantly surprised about the resiliency of consumers.

That's code for "Happy to see people still buying our garbage products despite the continual increase in prices we've passed on to them."

These CEOs are getting more blatant with their price gouging.
 
jpiniero said:
Given how overweighed the stock market is with Tech, I'd say the China factor is the bigger deal when it comes to politics. I am geting a little worried that China is going to invade Taiwan a couple days before the election for instance.
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China will not be invading its own territory of Taiwan, it would only be pacifying capitalist agitators.
 
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jpiniero said:
Given how overweighed the stock market is with Tech, I'd say the China factor is the bigger deal when it comes to politics. I am geting a little worried that China is going to invade Taiwan a couple days before the election for instance.
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There would be months of build up before they could try. It would be a known quantity by the time it happens. Though the build up itself might cause a down turn in the market if they think war is likely. Just the South China Sea being a war zone will kill Chinese exports.
 
FelixDeCat said:
Fed will likely hike in March? 😱
Click to expand...
Powell just said most likely no rate hikes this year and also no rush to cut either. Basically a holding pattern for this year unless data strongly points to a need to make changes. The market's drop yesterday is being reversed.
 
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