Stock of the Day
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- shapesalad0
Queen Elizabeth Crypto-Coins:
- shapesalad0
Interesting backstory about the Porsche IPO:
- grafician-1
"'Big Short' investor Michael Burry sold all but one of his stocks last quarter — after warning an epic market crash is coming"
"Michael Burry of "The Big Short" sold virtually all of his US stocks last quarter.
Burry's Scion Asset Management held only a $3.3 million stake in Geo Group, a new filing shows.
Scion owned $165 million of stocks at the end of March, excluding its Apple put options."
- grafician0
"This Tiny Firm Just Surpassed Goldman Sachs With a 14,000% Gain
Convoluted ownership structure behind AMTD Digital points to Calvin Choi, an ex-UBS banker who’s fighting an industry ban in Hong Kong."
https://www.bloomberg.com/news/a…
"The world, apparently, has a new financial giant.
AMTD Digital Inc., a Hong Kong-based company that listed in New York less than three weeks ago, has surged so much that the combined market value of its Class A and Class B shares was more than $203 billion as of Wednesday’s close.
That means the firm — which develops digital businesses, including financial services — is worth more than Wells Fargo & Co., Morgan Stanley and Goldman Sachs Group Inc., despite reporting just $25 million in revenue for the year ended April 2021."
- Krassy2
ATMD Digital: Why Did the Stock Suddenly Skyrocket?
Two weeks after its IPO, AMTD Digital's stock has gone from $7.80 to $2,000.- hodl that shit!hans_glib
- Who is buying? And is it a very low-float stock to justify such a quick rise?NBQ00
- why didn't we find out about this mid-j
uly?_niko - Based in Hong Kong?
lol byegrafician - cue FOMO and it reaching 4000usdshapesalad
- :'(instrmntl
- Anyone shorting this with leverage from here on in are going to be very, very happy people.Continuity
- grafician-3
"House Democrats plan to announce a proposal next month to ban lawmakers, their spouses and senior staff from trading stocks, according to multiple sources close to the issue."
Here we go
- “We?”monospaced
- @monospaced here you go: https://www.merriam-…grafician
- sarahfailin0
It's disingenuous for anyone to say we're not headed towards a recession. We may already be *in* one. Here are 3 strong indicators:
1. The bond yield curve is the most inverted it's been since before the Great Recession, and this phenomenon has preceded every recession for the last 100 years. The yields between the 3 MONTH bond (2.38% today) and the 10 YEAR bond (2.63%) are rapidly approaching each other, which is even scarier. ((Longer term bonds should pay more than short term ones for those who don't know.)) Track the yield curve here: https://fred.stlouisfed.org/seri…
2. There was a major oil price spike! This may be more of a correlation than causation thing, but higher cost of energy makes everything else cost more too.
3. Receding GDP. We had reductions in GDP the last two quarters, which isn't surprising given how fiery hot the economy has been. What goes up must come down.
- grafician-2
"US economy contracted 0.9% in second quarter, govt data shows, deepening recession fears - AFP"
Here we go
- yesterday's news!sarahfailin
- They're trying to change the definition of the word so they don't acknowledged it already started...grafician
- Anyway get your cash ready to buy soon
Not the bottom yet, but soongrafician - lol, “we,” you don’t live heremonospaced
- lol uhm...we can still access the markets you know?grafician
- @mono and your old argument "you don't live here, it shouldn't concern you" clearly shows how little you know about how the world actually worksgrafician
- I know as much about how the world works as anyone, but of course you have to be a condescending insulting cunt.monospaced
- I know it doesn’t affect you the way it as it does “us,” because you aren’t even close to one of us. You are on the periphery.monospaced
- That’s a good thing.monospaced
- Enjoy your well deserved, rightly earned downvotes. Maybe you will get a clue one day, but I have doubts.monospaced
- And you always have to comment on my posts to start a fight?grafician
- Do you even have anything to add on the actual fucking topic of this post?grafician
- Yes. This affects me more than some kid in Romania. Because I’m a citizen.monospaced
- @monospaced your replies lately are the definition of *cringe*grafician
- Only to you little buddy. What’s cringe is how you have absolutely no self awareness, despite the consistent negative responses you receive.monospaced
- If anyone calls you out, you blame them like a clueless little nitwit, who still thinks he is superior when all he does is copy paste late newsmonospaced
- that doesn’t concern him. Acting like you’re some world savvy investor when you really are just a young alone entry level app button “designer”monospaced
- STOP with the cringe booth boy!grafician
- doggydoggdog-1
I Bonds
- doggydoggdog-1
Costco?
- doggydoggdog-1
I just started a new 401k and put my money in a retirement one which is probably really conservative.
Should I switch it to bonds or something to take advantage of the impending crash and high interest or do I just forget about it for 20 years and it doesn't matter in the short term anyways?
- grafician-4
- In many cases here, they haven’t erased 2021 gains, thank goodness.monospaced
- There will be another leg down before they see the bottom. Earnings are going to be rough.formed
- I see -50% average compared to 2021,
no pain, no gain.sted - It will get much worse this year.NBQ00
- For you? Definitely.sted
- What did I do to you to be so bitter towards me?NBQ00
- grafician-3
- yep, we've had a 10 year bull run, it needed to be trimmed.shapesalad
- At least a few more hundred going down in the S&P. We've got a ways to go. Bad news has barely started. Crypto will go down the hardest/fastest.formed
- grafician-6
- Still got a ways to go downformed
- YTD worst performance since the 1970'sgrafician
- the communists are taking overuan
- Crypto will save us... oh wait, erm...shapesalad
- Getting cheaper by the day. Where's the floor?aliastime
- Nasdaq will bounce up at 10k, but keep going down to 9k or lower. when Gamestop is back below $20, you can buy back in.sarahfailin
- Bounce based on what? Hopium?grafician
- doggydoggdog-1
I’m surprised to see the markets rebounding the last couple days given the gloomy economic outlook. Is there anything obvious i’m missing that lead to this?
- it’s a simple “buy low” strategymonospaced
- Bear market bounce. They'll keep happening and getting more and more violent. It's 'normal' as we seek a real bottom.formed
- Which is a ways away. The real economic data is just starting to look bad. We've got a lot coming and it ain't good.formed
- THere's something about the demographics at play, it's the opposite of 1970s: lots of young people, not many old, not much capital.shapesalad
- Now we have few young, many old, and too much capital needing to find a home.shapesalad