The Market 2022-2023-2024
- Thread starter Folster
- Start date
Why do we complain. We should mirror their trades if they are working! LOL!
The app is called Autopilot
It’s just mirrors whatever member of congress you pick.
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Yuma
Suns are my Kryptonite!
I keep telling people, the robots won't kill us like Terminators. They will just wipe out all of our money!
Along with pinning us against each other. Money first. Humanity's ignorance and hate, next.
any good general knows you wipe out communications first
Hammered. Oof.
We had a VIX move of 50% or more today at one point with less than 2% loss on the SPX. Crazy. Things you don't typically see in bull markets. Watching rates implode without the currently inverted yield curve resteeepening is absolutely nuts.
82CardsGrad
7 x 70
Well... Powell is getting exactly what he was looking for... Higher unemployment which will expedite the drop in inflation down to his cherished 2% target. Unintended (or are they) consequences be damned.
Powell is a joke.Well... Powell is getting exactly what he was looking for... Higher unemployment which will expedite the drop in inflation down to his cherished 2% target. Unintended (or are they) consequences be damned.
Rate cut should have happened last month.
The lower and middle class suffer so the wealthy can prosper
82CardsGrad
7 x 70
Yea... and I know I'm in the minority, but the rate hikes did not need to be so steep and so fast as well. Again, I know I'm in the minority, but had the Fed not been do harsh with the rate hikes, I believe inflation would've moderated anyway. They could've still carried out their quantitative tightening and only slightly & slowly increased rates, rather than assuming they alone control the ebb & flow of economic cycles.
Correct. The fed is always late. It's just part of the game and how it's always been. If anyone wants to know what they'll do, turn off CNBC and watch the bond market. Specifically the short end of the yield curve. They are never too far behind the action of the 2 yr and 3 month yield.Well... Powell is getting exactly what he was looking for... Higher unemployment which will expedite the drop in inflation down to his cherished 2% target. Unintended (or are they) consequences be damned.
All it did was make inflation worse by giving corporations cover to raise prices higher than needed.
82CardsGrad
7 x 70
I am sooooo not a fan of the Fed. Abolishment is in order!
Much more under the surface than just AI hype. The bond market volatility is not something to sleep on... IMHO
Yuma
Suns are my Kryptonite!
Don't worry, Trump will fire him!
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Well I guess my friend who works at Super Micro is having a terrible week. She is in the window where she can sell and was hoping to get 800 a share but the stock was down in the 600's and she was holding. I told her to sell just take money before the window closes.
Yesterday Hindenburg did a scathing short seller report saying clear accounting red flags. This morning they're down close to 24%, they delayed the annual filing due to need to investigate and said they can't possibly do their due diligence and file in time. Stock is just over 400 now.
In the report it says they have all sorts of undisclosed relations in their accounting, selling between companies owned by the CEO, his wife, and their relatives. That some of their components are going to Russia avoiding federal bans and all sorts of really bad stuff. SMCI was one of the companies the US targeted when Trump was in office for violating export bans, I told her that when she got hired but she had been assured the people involved had all been fired. The short seller report said interviews with former employees says almost all of those people have been rehired since then and are right back at work doing all sorts of inappropriate accounting stuff.
She's still doing ok she gets a decent salary and bonus but the stock is a big blow and she of course now has grave concerns about job security. If they're doing what the report says they're doing, they're overstating earnings and that will ultimately almost assuredly lead to layoffs.
finance.yahoo.com
Yesterday Hindenburg did a scathing short seller report saying clear accounting red flags. This morning they're down close to 24%, they delayed the annual filing due to need to investigate and said they can't possibly do their due diligence and file in time. Stock is just over 400 now.
In the report it says they have all sorts of undisclosed relations in their accounting, selling between companies owned by the CEO, his wife, and their relatives. That some of their components are going to Russia avoiding federal bans and all sorts of really bad stuff. SMCI was one of the companies the US targeted when Trump was in office for violating export bans, I told her that when she got hired but she had been assured the people involved had all been fired. The short seller report said interviews with former employees says almost all of those people have been rehired since then and are right back at work doing all sorts of inappropriate accounting stuff.
She's still doing ok she gets a decent salary and bonus but the stock is a big blow and she of course now has grave concerns about job security. If they're doing what the report says they're doing, they're overstating earnings and that will ultimately almost assuredly lead to layoffs.
Super Micro stock plunges after company delays annual report following short-seller report
Super Micro stock plunged early Wednesday after the company announced it would delay filing its annual report.
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Followup on the Super Micro story I mentioned earlier. Today they announced the Justice Department is investigating them!
Feel bad for my friend the stock was just starting to recover, but they were in a window where she couldn't sell. Now it's down 15% today and will probably go lower. She can't sell until November. She said they aren't telling employees anything, the last meeting they had basically said nothing about the report.
publicly they said they were doing internal investigations but don't think the story is accurate but sure sounds like it is. She still gets bonuses but the stock tanking is a huge blow, there was a point where she thought she was going to sell 6 shares at 1000 a share, now it's under 400 and will likely be lower when she can next sell.
This is at least the 3rd time this company has been investigated
Feel bad for my friend the stock was just starting to recover, but they were in a window where she couldn't sell. Now it's down 15% today and will probably go lower. She can't sell until November. She said they aren't telling employees anything, the last meeting they had basically said nothing about the report.
publicly they said they were doing internal investigations but don't think the story is accurate but sure sounds like it is. She still gets bonuses but the stock tanking is a huge blow, there was a point where she thought she was going to sell 6 shares at 1000 a share, now it's under 400 and will likely be lower when she can next sell.
This is at least the 3rd time this company has been investigated
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And Super Micro is dead. They announced today that Ernst and Young accounting firm had stepped down as their firm citing irregularities and concerns. It announced that EY in July started an internal audit over concerns and then recently informed them in light of information from the audit, they had decided to step down as SM's accounting firm!
Stock tanked 30%.
My friend was about 3 weeks away from being able to sell her stock, they had done a 10 for 1 split and the stock had gone up about 20% so she was hoping to get a decent return but now a fraction of what she wanted to get.
She's now concerned about her job thinking it's almost inevitable the company does layoffs over this.
Stock tanked 30%.
My friend was about 3 weeks away from being able to sell her stock, they had done a 10 for 1 split and the stock had gone up about 20% so she was hoping to get a decent return but now a fraction of what she wanted to get.
She's now concerned about her job thinking it's almost inevitable the company does layoffs over this.
Rivercard
Too much good stuff
Any thoughts or predictions on how team Trump will affect the markets over the next few years? Bullish or bearish? Best to plan ahead.
82CardsGrad
7 x 70
Well... my own view is that his plans for Tariffs will produce increased prices on goods sold in the US. And given the fact that job & wage growth is forecasted to slow and fall short of levels we've seen over the past 18-24 months, given that our economy is predominantly driven by consumers - we are likely to see sub-par growth over the next 4 years, if not a recession tossed in for good measure.
Further, Trump's tax cuts for the rich and for corporations will exacerbate the deficit. An exploding deficit will cause the government to have to borrow even more, which will therefore explode the current debt level...
All of the above and more paint a meh at best picture for the markets with the very real potential for a nasty down draft at some point during Trump's tenure...
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