I'm up 200% on YINN since 11/1. I mean if you don't count being down 80% before then.
Stock Markets
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Last: 1 hr ago by El_duderino
Lotto - doing a 3795/3955 put credit spread. Limit order for $37
You don’t trade for money, you trade for freedom.
It filled. Let's see if we get lucky
You don’t trade for money, you trade for freedom.
Commenters on SA are saying Thursday's report will indicate increased exports to Japan and Europe and that exports now exceed levels seen before the Freeport explosion. Will be interesting to watch.Brian Earl Spilner said:
Would be nice to see BOIL make some progress towards that gap up to 17.50.
Markets can stay irrational longer than you can stay rational.SF2004 said:
Fed says again further increases needed and no rate cuts in 2023.
Yet there will still be people trying to peddle a fed pivot.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
I think this moved too far to come back to 3860.
You don’t trade for money, you trade for freedom.
Part of me thinks they're trying to get everyone short here.
You don’t trade for money, you trade for freedom.
I wonder if the markets have already priced in the Bobby Petrino hire?Heineken-Ashi said:Markets can stay irrational longer than you can stay rational.SF2004 said:
Fed says again further increases needed and no rate cuts in 2023.
Yet there will still be people trying to peddle a fed pivot.
I'm also a Dr Pepper fanSouth Platte said:I wonder if the markets have already priced in the Bobby Petrino hire?Heineken-Ashi said:Markets can stay irrational longer than you can stay rational.SF2004 said:
Fed says again further increases needed and no rate cuts in 2023.
Yet there will still be people trying to peddle a fed pivot.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
I'm definitely short petrino. include the picks of durkin and addazio last year and jimbo is becoming the jim cramer of college football.
You can probably profit on the spread but I am going to keep it.
You don’t trade for money, you trade for freedom.
If SPX could just break that downtrend immediately, that would be great.
You don’t trade for money, you trade for freedom.
C'mon algos. Push it 20 points
You don’t trade for money, you trade for freedom.
$BTU hasn't flinched since the FED. Maybe a reversal type candle today?
Gonna be low key disappointed if we don't close above 3870 SPX
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
Gonna be low key disappointed if we don't close above 3870 SPX
Too far now. Best case is 3860 and requires a rally now
You don’t trade for money, you trade for freedom.
Close but no cigar.
You don’t trade for money, you trade for freedom.
All in all, great trading day for me.
You don’t trade for money, you trade for freedom.
18 months ago, before the first 7% inflation print, the FED said no rate increases till 2023.
Take the FED minutes as what they are, a slew of wealthy individuals with distant historical data from crooked government surveys who try to craft policy with their preconceived political biases.
Here is the important data. Since the FED began hiking, the 2 year treasury has always accelerated to a level beyond the next perceived hike. Until this past hike. It is currently hovering right at the current FED funds rate for overnight repos. It, along with the 10 year, are telling the FED that their data sucks.
Now I fully believe we are going up one more time, but the market is clearly telling the FED that it's rhetoric isn't to be believed.
Take the FED minutes as what they are, a slew of wealthy individuals with distant historical data from crooked government surveys who try to craft policy with their preconceived political biases.
Here is the important data. Since the FED began hiking, the 2 year treasury has always accelerated to a level beyond the next perceived hike. Until this past hike. It is currently hovering right at the current FED funds rate for overnight repos. It, along with the 10 year, are telling the FED that their data sucks.
Now I fully believe we are going up one more time, but the market is clearly telling the FED that it's rhetoric isn't to be believed.
Amazon CEO Andy Jassy confirms company will cut over 18,000 jobs, more than initially planned
https://www.cnbc.com/2023/01/04/amazon-says-it-will-cut-over-18000-jobs-more-than-initially-planned.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
https://www.cnbc.com/2023/01/04/amazon-says-it-will-cut-over-18000-jobs-more-than-initially-planned.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
So it begins…..
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
salesforce cut 8,000 / 10% today
Want to watch who outside of tech are the first majors of any meaningful size.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
FJ43 said:
Want to watch who outside of tech are the first majors of any meaningful size.
Rumors that Phillips 66 has had the layoffs going on and might be doing another round. So it sounds like oil and gas has started their layoffs even if not advertised yet. Also hearing the JLLs and other major real estate firms are starting theirs.
P66 had the layoffs in October 2022
That's probably correct. It sounded like finance middle management got wiped. From the sounds of it, they aren't finished either on HQ.
The mass re-org/layoffs happened in October. Many people got reassigned jobs and that transition is still taking place but the but the mass layoff is done. I'm currently relocating from Sweeny back to HQ.
Ahh ok understood. I used to work there and have a lot of friends still there. Had heard a rumor about a big commercial re org coming up. You would know better than I as you still work there.
But sounds like Houston from my group of friends in all industries are starting to see layoffs at their respective companies.
But sounds like Houston from my group of friends in all industries are starting to see layoffs at their respective companies.
Gotcha. Not saying more aren't coming but if so would probably be smaller and at targeted business units.
We are moving more and more to lights out operations. That's different than a layoff and longer term strategy that many volume or technical manufacturing will move towards.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Seems too like some "cuts" are going to come in the form of freeze hiring / permanently dropping off currently open positions. Basically freezing current state and not going back to "100%" levels. Will make it hard for those who lose jobs now to find employment. I could be wrong but that's the sense I have gotten from HR folk. Heck, my department has 4 open slots and we are expecting to never fill those. Not ideal but we can make it work. Better than being looked at as bloated and having to fire.
$OSTK is in deep value territory. It's trading below net asset value. $9/share in cash.
You don’t trade for money, you trade for freedom.
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HoustonAg2014 said:FJ43 said:
Want to watch who outside of tech are the first majors of any meaningful size.
Rumors that Phillips 66 has had the layoffs going on and might be doing another round. So it sounds like oil and gas has started their layoffs even if not advertised yet. Also hearing the JLLs and other major real estate firms are starting theirs.
I'm involved on both the Residential and Commercial side of real estate. I know for a fact that many commercial firms like JLL, CBRE, etc. are very trepid right now…
Went to Boston in December to meet with a client - originally supposed to attend their holiday party. Still went but the party was canceled because the expense and lack suitable performance in the 2H of 2022.
It's to the point where they are borderline reading between the lines of major financiers/lenders including agency/GSEs for what they are forecasting economically for this year. And if it's not good - they'll consider RIFs.
Land sales for developers for new homes/apartments/retail is down significantly - even in places like DFW that have been going gangbusters.
Only place that's not really affected is BCS - I have houses going under contract before my clients can view them. Including one in my neighborhood that was on the market for 14 hours before signing an offer….
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