Your friend owns .6% of UPS?Quote:
Originally Posted by Cono Este
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Your friend owns .6% of UPS?Quote:
Originally Posted by Cono Este
I guess I don't disagree. But there was a time not too long ago when most regular people could afford houses...often from one breadwinner's salary.Quote:
Originally Posted by mcphee
By long term chart, are you looking at where things were the last time rates were at levels where the FFR is expected to go to? Just trying to understand your methodology since I don't know much about reading charts.Quote:
Originally Posted by 4matic
Local bottom in? lol
https://twitter.com/jimcramer/status...98850463997954
Previous highs prior to pandemic when rates were lower. If rates are higher why not lower than that?
I been saying..my local Costco is way down on traffic and it’s basically drive up to the gas pumps.
A bottom of 8K is a logical guess based upon the existing monthly support and resistance noted by the blue horizontal line.Quote:
Originally Posted by Kevo
I suspect the actions of the fed will probably play a larger role than technical analysis though.
Attachment 416742
I only use straight lines
That would be nice.Quote:
Originally Posted by 4matic
And that’s after his aunt got half.Quote:
Originally Posted by RoooR
No joke. 5 plus million shares. His grandpa sunk 1 mm into in 1945 when ups bought a bunch of surplus DC-3’s.
The real message is that you hold good shit. It’s taken me decades to understand how generational wealth like that is created. It didn’t go public until 2000.
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Mine was never “that” busy so you can really see a drop off.Quote:
Originally Posted by oldnew_guy
I think mine is worse because it is cheaper by 30-40 cents per gallon.Quote:
Originally Posted by 4matic
That’s right. Lines are how you draw them. Its not a science. Just a toolQuote:
Originally Posted by skaredshtles
TSA numbers still going up (Sunday the highest since thanksgiving) people shifting consumption from goods to services. Walmart/target/Costco ain’t all the sameQuote:
Originally Posted by 4matic
Most of those travel plans were made months ago. I’m skeptical that keeps up unless airfares and hotel room prices come in.Quote:
Originally Posted by dunfree
COST down 13% today.
I saw a 20-30 cart wait trying to get out of Costco last week and a parking lot fuller than I've ever seen it. So COST should go up 10% next week based on this evidence, right?
It’s really happening.
We’re going into the absolute shitter.
Dow 25k.
Even my gold sucks.
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Whenever this happens I ask myself if there is something around the corner we don’t know about yet?
Could be a recession, or could be the war to end all wars.
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Anecdotal is anecdotal. Nothing more. Right?Quote:
Originally Posted by muted reborn
Treasury market blow up is top of my listQuote:
Originally Posted by Cono Este
Well, in theory the economy has grown over the past two years, no?Quote:
Originally Posted by 4matic
https://tradingeconomics.com/united-states/gdp
Not to say we won't have further contractions like we did in Q1.
This whole thing seems like kind of a crazy situation because there is no shelter in stock or bond indexes.
Maybe someone should tell the real estate market that the rest of the economy is crashing. I can imagine people buying at all time highs, with rates double what they were six months ago who believe that they are making a good decision.
Since stock market is forward looking the growth for the last two years was priced in March 2020. So to go back to that price is nothing. Especially with rates 3x higher.Quote:
Originally Posted by Kevo
yeah, which is why I pointed out the target CEO’s narrative (average customer income $75k or something, they didn’t buy as much kitchen/tv last quarter). Walmart, average income $53k, blamed food inflation reducing sales of other stuff. COST (avg $93k)more like the former than the latter.Quote:
Originally Posted by 4matic
Consumer spending down across the board. Travel for sure could hold up well at least for the summer.Quote:
Originally Posted by dunfree
Tech analysis is never a leading indicator.. But the Fed rate guidance certainly is... And every year automated trades are a larger % of total trade volume.. Makes for more volatility and also can make a direction of a trend much stronger than in the past... I won't be surprised by a test of 6,000-7,000 for the Nasdaq. Inflation is exacerbated by the war and the strong possibility of escalation because of Putin.... If another surge/mutation from Covid happens that would help destroy demand and lower prices of energy.. But food inflation may get worse because of current climate/drought/flooding problems..I guess I am a pessimist.. Or maybe a realist.. But I think 6-8% Fed funds rate is very possible by the end of 2023Quote:
Originally Posted by stalefish3169
Wut?Quote:
Originally Posted by 4matic
Attachment 416748
https://jabberwocking.com/retail-spe...up-7-in-april/
Backward looking and it looks like it peaked in 2021. Plus, even if spending goes up or stays flat that doesn’t mean companies make more with margin contractions.
Lumber and gasoline both down 6% today.
CSCO down almost 20% after earnings. It’s sucked for decades.
5/10 curve just inverted.
$80B to Ukraine.....and now another $40B handout to restaurants....inflation isn't going anywhere:
https://finance.yahoo.com/news/senat...184900504.html
Someone has had to have their ass handed to them. There is a whole generation of traders that have never seen 1 complete mkt cycle.Quote:
Originally Posted by 4matic
My bet is interest rate swaps
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Had lunch in vail today the whole time I was staring at this older woman who wasn't bad looking definitely would bang after a 2 drink happy hour the work she has had done on her face was impeccable high quality stuff it just didn't match the wrinkled flab under her arms and on her legs
That's the economy in a nut shell right now
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And start with $1mil in 1945, dayumQuote:
Originally Posted by Cono Este
The curve had a huge one day move about a month ago.Quote:
Originally Posted by Cono Este
LMAOQuote:
Originally Posted by fastfred
She's waiting for the next round of PPP.Quote:
Originally Posted by fastfred
What else are you gonna do with Nazi gold?Quote:
Originally Posted by 365wp
$1 million in 1945 was already close to generational wealth, there were like 15k millionaires