From NJ1015:
These NJ counties have some of the hottest real estate markets
This will come as no surprise to anyone who’s been house shopping in New Jersey for the past few years, but the Garden State is home to some of the hottest real estate markets in the country.
According to NJ.com, six New Jersey counties are among the hottest 100 in the U.S., based on Realtor.com data for March of this year. They basically look at supply and demand for listed properties, and how quickly they sell.
The six hottest New Jersey counties, with their national rank:
Somerset (#37)
Burlington (#46)
Hunterdon (#48)
Morris (#53)
Camden (#66)
Union (#67)
Houses in these markets often get multiple offers and then sell for more than the list price; and the list prices are pretty high! The median price for a house listed in Somerset is $649k; in Burlington it’s $349,900. In Hunterdon the median list price is $526,500; in Morris, it’s $633,450; for a home in Camden, the median list price is only $278,950 and in Union, it’s $510,625.
First
Here’s something for ByS and a little LOL for anyone who has tried to wade through even a modest LinkedIn feed recently.
https://johnfgorman.medium.com/the-interminable-hell-of-linkedin-fortune-cookie-wisdom-bb125863ef78
Three “affordable” counties mixed in with three higher end counties; low end and high end pricing is active. Anything in between is a traffic jam of no inventory and low affordability. The middle class has become the muddle class.
Mortgage rates 7 percent again, not that it matters; the buyers will keep buying.
When do the 50 year mortgages kick in?
DOW futures down again. Passive investing under Trump netted me some nice returns. This current presidency is doing nothing but costing me money.
Grim,
Looked like you had fun at Disney.
Left,
This is classic. I am off Facebook almost entirely. No Twitter or Instagram accounts. LI is my only real SM experience and that article is spot on. It has become horrendous mixture of all those sites mentioned with the worst humblebrag BS of all time. “I am humbled to announce etc..”..no you are not. I can’t stand it. If not for job dominance, I would be off site in a second.
Except Dec 2018 or Mar 2020, Ed..
Libturd,
What was the link of that scary music video you posted about a month ago? Post it again. It was some whacked out, frightening band where some monster dude was in an old ladies face or something?
$4100 per month in PITI with $110,000 down on a $549K purchase for a house that needs substantial work and sits on a main road. How are people swinging the monthly nut? Add in food, energy and everyday expenses and it becomes downright scary.
https://www.trulia.com/p/nj/wayne/882-ratzer-rd-wayne-nj-07470–2006568401?mid=0#lil-mediaTab
https://youtu.be/TZ827lkktYs
Is Rheingold and Chesterfield going to cover it?
So Chris Christie and DeSantis are basically official. Let the games begin. I know the cult will have a hard time throwing tanned bigoted, treasonous rapist out of the primary but pulling for Fat man. I would pull the lever for him over Brandon. Fantasy though..because he is sane candidate on the right.
Thanks, Lib. Lol.
No apology grim?
Like I have said numerous times on this blog, this stock market is not your Father’s stock market. Technology changed it all. From the rate of information transfer to all the bs short and options trades. This is not your father’s stock market.
https://www.wsj.com/articles/pacwest-bank-stocks-meme-stocks-6c042482?mod=hp_lead_pos5
10:40 so Ghey
From that article I shared. Prices are so manipulated in the short-term, that you have to be insane to rely on fundamentals to target value in the short-term today. Long-term fundamentals will always drive a company stock, but in the short-term, no f/ing way…psychology matters more.
“At Western Alliance, another midsize bank that has been under a microscope, shares fell 47% in a single day right after Silicon Valley Bank collapsed in March—the largest one-day drop since shares began trading in 2005. Elevated options activity and thin trading before the opening bell were to blame, Chief Financial Officer Dale Gibbons said on a recent earnings call. That, in turn, made some customers pull their deposits, he said.
Gibbons said in an interview that when deposits began declining, the bank curtailed lending and began meeting with clients to reassure them about the bank’s finances. “They can’t rely on the stock to be a reliable indicator of a financial institution’s health,” he said, referring to the recent volatility.”
2014, Ron Paul
By ANDREW JOHNSON
About Andrew Johnson
Follow Andrew Johnson On Twitter
February 19, 2014 10:25 PM
Listen to article
https://youtube.com/watch?v=dQWCO5PNfps
The unrest in Kiev is a matter for the Ukrainian people to address, not the United States, says Ron Paul. A majority of citizens from both countries would agree with him too, he contends.
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THE EDITORS
“The American people are very leery of getting involved in another squabble in some other country,” Paul told Fox News on Wednesday shortly after both sides of the conflict agreed to a truce after two days of violence resulted in 26 deaths. “I would be willing to wager most of the people in the Ukraine would like to see the United States stay out, and they’d like to see the Russians stay out.”
The former Texas congressman and Republican presidential candidate expressed his hope for a separation between eastern and western Ukraine given the differences that already exist between both sides. He floated the idea of a confederation between the two sides.
Paul, who has advocated a more isolationist approach for the U.S. throughout his career, said the current situation could serve as the first step towards “trying to set a moral standard” in its foreign policy.
“That’s their business, and it certainly isn’t ours,” he said. “We’ve tried it for too long, and the American people are sick and tired of it, and we’re also out of money.”
I guess we didn’t set that moral standard. And we are still out of money
Look at any CRE stock. Their stock prices are ridiculously cheap, not at all aligned with their current value. Why? Psychology of the commercial market right now matters more than common sense fundamentals. This is where long-term investors come in and can make a killing.
This is exactly what I have been doing with DNA. Short-term market price was absolutely destroyed by the psychology of the current market. Should this stock be under $2….hell f/ing no. Why is it? Market decided to beat the chit out of biotech sector with short calls due to rate increases, absolutely creating the best long-term opportunities in the market right now. Market is finally starting to realize that DNA and other biotech companies are the best plays on AI in the game. Aka take advantage before the lemmings drive it up.
Yes, the stock market game has changed…understand it, and take advantage.
“The Aftermath
The wild swings have continued. PacWest shares fell 21% the following week. They zoomed up 26% last week. Shares rose 20% on Monday, and another 8% Tuesday, closing at $7.38. The bank said Monday that it had entered an agreement to sell a portfolio of real-estate construction loans.
Traders are getting used to the big moves.
“When I first started doing this 20 years ago, a 3% to 5% move was like, ‘Holy cow,’ ” said R.J. Grant, head of equity trading at Keefe, Bruyette & Woods. “Now it’s like, ‘All right, what’s for lunch?’ ””
D&umbass parade coming through…don’t step in the brain droppings.
“If not for job dominance, I would be off site in a second.”
I know LinkedIn is the vertical for professionals, but is there no where else legitimate they can go for just job postings? Zip or Indeed are too downscale?
“Chicago says: No apology grim?”
https://youtu.be/NOlEpRX4OL8?t=59
“The wild swings have continued. PacWest shares fell 21% the following week…understand it, and take advantage.”
Pretty sure a few of us here have, rather than just talking about it….
Damn, just got a dirty sneaker.
Parts of Florida are seriously becoming like Cali and Nj. They are cali and jersey early 1990s right now.
https://www.wsj.com/articles/the-biggest-south-florida-housing-boom-is-near-the-rail-stations-d6101467?mod=Searchresults_pos1&page=1
Florida has rail stations? Did the Jersey expats steal one on their way out?
In other news, just booked a bedroom (not a mini-room) on the auto train for Gator Jr.’s move-in to UF for free. Was 38000 points including the old CX-9 we are giving him. The Amtrak Credit card was giving 40K points for $1K in spending over the first three months. Earned 41,000 and booked.
I suppose it wasn’t completely free. I gave up the 2% back I would have earned using my Doublecash Card, or $20. The cash cost for the fare would have been $1,200.
Captain Cheapo strikes again. Now to figure out how I am getting home for free?
Florida……yeeesh. Sorry guys, you just cannot make that backwater appealing in any way. Was in SF (Union Square) over the weekend. Visited Haight area. Ate some epic sushi. SF is still an amazing city. Yeah, there were some zombies around city hall doin’ zombie stuff. But you cannot take away from the fact that it is, in my opinion, the preeminent city in California. Way more interesting than LA could ever be. Love the neighborhoods and architecture.
I agree. The hate for SF right now is way overblown. Probably, your best shot at getting real estate in that area right now. Won’t last forever…
ExEx says:
May 24, 2023 at 1:21 pm
Florida……yeeesh. Sorry guys, you just cannot make that backwater appealing in any way. Was in SF (Union Square) over the weekend. Visited Haight area. Ate some epic sushi. SF is still an amazing city. Yeah, there were some zombies around city hall doin’ zombie stuff. But you cannot take away from the fact that it is, in my opinion, the preeminent city in California. Way more interesting than LA could ever be. Love the neighborhoods and architecture.
I guess the traffic is becoming so bad in south florida that they have no choice but to start building train lines. Florida is really going to become an unappealing place to live in short time between the cost and amount of people concentrated in a high humid location.
Libturd says:
May 24, 2023 at 1:14 pm
Florida has rail stations? Did the Jersey expats steal one on their way out?
I’d be more concerned with the encroaching sea into low lying areas of coastal FL.
Still down in Disney.
Sunday was the quietest I’ve ever seen Magic Kingdom. We did pretty much every ride, including TRON. Not a ghost town by any means – but a dramatic difference from last year and pre-covid. Was very pleasant, relaxing even (if you can believe that).
Was also Sunday before Memorial Day weekend, so I’m sure lots of folks stayed home in advance of the holiday weekend.
It’s picked up quite a bit as we are getting closer to the weekend. We were able to score virtual queue for every big ride – which was impossible last year – Rise, Tron (twice), and Guardians.
left,
Nope. You are best submitting directly through company site but it really comes down to network. Someone has to push through other side of application. I could have a job at Citi tomorrow (old manger loves me) but I am not commuting 3 days a week downtown from CT. Money is not enough. Alot of other ex co-workers lost jobs at start-ups and crypto firms. I met 8 of them two weeks ago for drinks and pretty much people hanging on, two on WARN notice. There are hiring freezes at many IBs, even my own. Perms leaves then no rehire.
No apology grim?
I actually have a tribute to chifi post sitting in drafts I need to finish. Was hoping to do it on the plane, but thinking I’d get a few minutes of quiet on the place was a bit too optimistic.
Tribute to Chifi?
Can’t wait. :P
Florida:
https://www.tiktok.com/t/ZTREVBWE7/?t=1
Tron launch was more intense than I realized. Wasn’t ready for it, but def was fun.
Was either chi or Tina turner
“… a tribute to ChiFi…are we talking sticky photo coated in spum…?”
Thunderdome mourns.
What’s love got to do with it?
ExEx says:
May 24, 2023 at 1:21 pm
“Was in SF (Union Square) over the weekend.”
Participating in a pride event, no doubt. Hope you used protection; they’ve become nothing more than massive monkey pox spreader events.
“SF is still an amazing city”
No, it isn’t. It’s a city that is horrifically governed by radical, incompetent, score-settling Dems. Downtown is literally in the process of being abandoned by law-abiding, tax-paying citizens and companies.
The Great Pumpkin says:
May 24, 2023 at 1:40 pm
“Florida is really going to become an unappealing place to live…”
Not as long as it remains ‘red’. It might be news to the Dem stooges here, but people like living in places where law-abiding, tax-paying citizens are respected, criminals are still arrested and prosecuted, and you don’t have to worry about paying reparations. You and ExLax just sound dumb with your constant harping on the fastest growing state in the union — a bit like Yogi (though not funny like Yogi) when asked if he still frequents a certain popular restaurant, “Naw, nobody ever goes there anymore — it’s too crowded.”
7:55 you should never go to California “it’s tooo terrrrrible”.
But I love the low IQ narrative you cling to along with your bible and gun.
True patriots should stay in the red welfare states they’ve cultivated.
Small,
I would never want to live year round in Florida. My opinion has zero to do with politics.
I used to go to Florida all summer in the 90s to spend time with my grams/ gramps. I have been to all parts of Florida. I have driven entire eastern side of Florida all the way to tip of Florida keys. Florida has its character and charm in certain locations, but comparing it to cali is a joke. Cali is absolutely beautiful, and that’s why it costs so much. It’s a got damn privilege to live in sf or nyc and you sit here and bash it. Why? Let the politics go. It’s blinding you.
I have been to Orlando 3 times since july, and 2 times in the past 2 months(universal first week of this month and Disney spring break). Yes, my daughter is living it up as a 9 year old. Life is good. Wish I had this life growing up, but happy to make it happen for my daughter.
She is signed up for Aruba last week of June. Tough life..
I do battle myself, wondering if she will become soft. So far she is good, but as a freshman teacher…things change fast. Always have to stay on top of them…and that doesn’t mean being a d’k, but being aware.
DNA reversed trend. Hope some of you bought the bottom like I did in the 1.20s. That will be one nice story to tell in the future.
I spent 5 years in FL & got my masters from a state school there.
It was a shit show then and it continues to suck today.
Low wage, tourism service economy. Blech.
Chase betting hard on Pumpkin position
“When 270 Park was being planned, JPMorgan Chase presumably wanted to squeeze more out of its plot, did the math, and decided to build anew. Since 2020, however, any such project has taken on another role, that of human-resources management and willful optimism. The bank’s CEO, Jamie Dimon, has prominently called for employees to come back to their offices and is literally putting his money where his mouth is. This big showy building, set to be complete in 2025, will now exist partly to entice those bankers in from Cos Cob and more broadly to express a corporate bet on the city as a place that’s growing rather than treading water, one where going to a midtown office remains central to our way of life. If you build it, 270 Park says, they will commute.”
https://apple.news/AxMdt27KdRX2X3fOh_0BlTw
Throw in retirement magnet….to be sure, throw in POS magnet too.
ExEx says:
May 24, 2023 at 9:13 pm
I spent 5 years in FL & got my masters from a state school there.
It was a shit show then and it continues to suck today.
Low wage, tourism service economy. Blech
9:20 hell yes. Cotton tops everywhere!
Driving there is dangerous.
On Universal vs Disney…just stop. Both are unique experiences that should be experienced. Guardians my fav ride…but the harry potter bike ride is so close. I was fortunate it enough to ride it back to back. Kool-aid smile. It’s just one of those really fun roller coaster “themed” experiences. So much fun. Stayed at Hard Rock which was a good value. It includes fast pass, and is within walking distance to Universal. 25k steps on those “vacation” days.
On my Disney stays….stayed at the value Disney spots. Get access to early park entry and the gondola transportation system, which is money!!
Love the boathouse in Disney springs. I do enjoy the bluezoo, not a recommendation, as pricey and not huge portions (if i am reading this board correctly). I love that type of dinner setting..just annoys me paying these prices when I can get much better in nyc for less.
Libturd,
Congrats on your kid going to UF, one of the better-ranked schools, and must be nostalgic and familiar for Gator.
Never spent much time there myself, other than to attend an Ayn Rand Institute lecture or two.
Small,
Homophobic moron! Someone you know or love is gay. Why don’t you pay attention to your own business and stay out of the lives of others? Better yet, go join with people who think like you, the Taliban!
SmallGovConservative says:
May 24, 2023 at 7:55 pm
ExEx says:
May 24, 2023 at 1:21 pm
“Was in SF (Union Square) over the weekend.”
Participating in a pride event, no doubt. Hope you used protection; they’ve become nothing more than massive monkey pox spreader events
Saw Mamamoo last night. Fantastic show. They are great singers. I liked it more than Twice and blackpink shows.
https://youtu.be/WvkTcNQsxzc
Here they are singing live.
Thanks NoOne.
He did get into UCSD and UCSB which were incredibly difficult to crack into this year, but when we saw the grandmother waiver at UF, which makes it the same price, if not cheaper than attending Rutgers. Well it became a no brainer. We’ll be able to pay for his graduate school too, now. It’s THAT cheap. And super highly ranked. But better yet, it was the most impressive school tour-wise, that we visited. Also has enormous research dollars and undergrads can tap it. All dorms air-conditioned now too (phew). It is quite difficult to get into FL from out-of-state. It’s not like the private and public New England schools which were built for them. So far he also won two scholarships, but we are waiting to hear back from at least ten others, two of which he should qualify for. If he gets the grandmother waiver, then freshman year at a top ten public school in the nation will nearly be free. It can be done without accruing massive debt still. But you need to stay away from those 80-90K a year prestigious schools.
In inflation news. Just got our Wednesday coupons in the mailbox. My Burger King gauge is now up another 13%. The large chicken fry and large french fry coupon is now $4.49. Up from $3 a little over two years ago. That’s a 50% gain in about 2 years. The pace of inflation might be slowing, but it’s still way too hot. Looking at the other coupons (which I don’t use), it looks like everything that was under $7 went up $1.50. Everything $7 and up went up $2. Burger King math is very simple.
I prefer the Grimace indicator for my inflation numbers…and grimace you will. Wish on put it all on NVIDIA a few days ago. Might get NASDAQ 13k today Lib.
Sorry 14k
I still remember when you bought the bottom in the 3s. Imagine if they changed their ticker to DNAI. It would rocket
Lib – instate intuition and room and board etc? That is at least $22,000 a year less.
You should buy grandma a nice gift.
DNA is only moving because two insiders made token purchases of shares. It’s truly a sucker stock. These insiders probably were awarded 200 million in shares at the last SPAC, and they purchase a few million dollars worth of shares 95% below where they were gifted shares in the SPAC and the suckers think this means something.
It’s akin to me using that $4.49 Chicken and French fry coupon on a $100 BK order.
You rule!
So Target went ahead with their Pride merchandise campaign even after the Bud Light fiasco? Stock is down 11% in the last week, some heads are gonna roll.
Here is another unusual advertising campaign…
Somehow I don’t think this is going to sell much gear for Camping, Hiking,
Trail Running, Skiing etc clothing and gear.
I don’t think the outfit featured in this North Face Advertisement can be used for Rock Climbing either..
https://www.dailymail.co.uk/news/article-12124037/North-Face-faces-boycott-summer-Pride-drag-queen-ad-campaign.html
Juice,
Waiver not acquired yet, but we are very close. There’s a Facebook group where people post their application dates and when they received the waiver. Now you know why we are giving him our CX-9. We were willing to pay for UCSD. $72K per year. UF will be closer to 23K per year. Even without the waiver, it’s only 45K.
Any of you guys watch Ted Lousy?
Talk about “Woke”
Enough already. And the commercials now. You would think only black people drive German Cars and Cadillacs. And they all dance and conduct orchestras.
Ever notice that every car commercial, every movie and every TV show, where it shows a middle class family struggling with bills and financing offers, they have a center hall colonial with 200k kitchen.
My BIL produces TV commercials for a living. He said the creative people the writers are not the ones coming up with the ideas for these commercials. It’s all C-Suite and above, perhaps pushed forward by DEI. Somehow the idea that they will not sell more merchandise with these advertisements falls on deaf ears, or in the case of Bud Light they gave one exec a little bit of leeway with a small ad campaign and it caused sales to plummet.
Same here with Target but difference is they have been doing Pride for a decade, the main difference this time seems to be the fact they put the merch up front by the doors, increased the SKUs to 2,000 items. Blow back has been to pull the more controversial “Satan loves pronouns” merch, and move the rest to the back of the store last weekend. I would not be surprised to see the person behind this take the fall, as they are now stuck with perhaps ten of millions in merchandise that may not sell.
Good news for some is can get your tuckable swimwear on clearance..
“Dollar Tree stock sinks after missing on profit expectations”
Geez, if the dollar stores are missing profit levels, what does that tell you?
Ever notice that every car commercial, every movie and every TV show, where it shows a middle class family struggling with bills and financing offers, they have a center hall colonial with 200k kitchen.
Come on man, prestige and appearance has a price. Everybody’s bleeding wealth in the leafy suburbs of NJ, NY and CT. Many house tour guides have told me so. Smoke a Chesterfield and pop open a can of Rheingold, that’ll change your perspective.
We’ve crossed the Rubicon, kids!
https://tinyurl.com/2h2mn8mu
“Geez, if the dollar stores are missing profit levels, what does that tell you?”
It’s clear. They are blowing their budget on Whoppers and Chicken Fries!
Fast
I think a lotion or perfume that smells like bacon would be a big seller.
Beer,
I’m sure it’s out there. You can get any candle scent you want, same for perfume or cologne. I like the scent of that fireplace/wood burning cologne. Sephora has it among a few other odd ones.
Libturd,
Awesome, even more happy for you knowing that you were able to execute your Captain Cheapo tactics while getting your son into a great school.
Maybe on a future trip go out to a FL cracker restaurant “The Yearling” not so far from there and get some gator and frog legs and catfish. I keep driving near there on the way too or from FL and wish I had time to stop.
Fed hike has to happen in June.
Auto research firm J.D. Power is projecting a huge bump in new car sales for May, which could be good news for automakers, but bad news for customers with higher prices are still in play.
J.D. Power, working with its partner LMC Automotive, projects total new-vehicle sales for May, including retail and non-retail transactions (such as fleet sales), to reach 1,337,700 vehicles, a 15.6% jump from a year ago. The report noted this May has 25 selling days, one more than May 2022, and without adjusting for the number of selling days, data show a 20.4% increase from 2022.
How is this even a car commercial? It’s not about the car. Are you a quirky 20 something with an ultra-short attention span and play games with multiracial friends? The Lexus IS is your vibe!
ispot.tv/ad/1BG5/2023-lexus-is-crazy-talk-t2
No One,
Perception is reality. The money will come once the redistribution plan has been approved. You should know better than to ask such questions. We’re now a nation of appearance, acceptance, formation and involvement.
re: ” dollar stores are missing ”
May be missing earnings but there is still a massive growth trend and has been growing for the last two decades. They may never be on the sales volume scale of Walmart or Amazon but they represent the growing class of poverty in this country.
There are something like 34,000 dollar stores now across the country amongst the three largest chains. 75% of those are in smaller towns and they continue to open thousands of new stores every year. The trend is one in every four new retail locations opening is a dollar store. Poverty expanding everywhere.
10:52 you mean the blue to to red (welfare state) transfer or are your referring to the middle class to 1% transfer of wealth? Either way “you” lose, right?
New York rescinding covid vaccine mandates for healthcare workers.
Thank goodness BRT…. no more “sHeDding tHe vIrus”….right?!?!
(can’t believe you teach science)
I know right…it’s a crime to be right early
NoOne,
My dad used to live in Jackson, Mississippi. I had more catfish than I can tell you. Will check the place out when I auto train down for his check in.
They called him the jew in jackson??
Probably. It was pretty black down there. Being white made him stick out enough.
According to WSJ, cruises are packed this year.
Military contract price gouging: Defense contractors overcharge Pentagon | 60 Minutes
https://m.youtube.com/watch?v=LPvpqAaJjVU
3b,
My Dad just got back from 15 day cruise from Tampa to Barcelona via Bermuda and Madeira. He got off in Barcelona to meet family. He said the cruise that left in April was not very crowded. What they arrived in mid-May in Barcelona, he said it was complete chaos. Enormous lines trying to get on the ships. Economy is hot. Raise those rates.
Bystander: I guess it is, or people just don’t care!! Certainly no pivot, and it seems a pause won’t do it either. Hope you dad enjoyed the trip. We love Barcelona, beautiful city.
From the North Face ad campaign…
“Nature lets you be who you are… even gay!”
Yeah, uh, kinda no….pretty sure an effeminate male lion is going to starve in his pride (see what I did there), and no way two bear ‘mommies’ are going to continue the species.
Having acknowledged the obvious drive off the cliff of this foolishness, I will reiterate my oft stated opinion of what you do with your junk is really just your business.
Totally. Using sexuality to sell products….ew
Lefty,
Look at AVT. Nice undervalued long-term play with a decent dividend. The story was, Covid brought forward their earnings, so the analysts continue to project lower EPS and AVT keeps blowing their estimates away. I will be buying some on tomorrow’s pullback (hopefully).
BREAKING!
Oath Keepers Leader Is Sentenced to 18 Years in Jan. 6 Sedition Case
The sentence for Stewart Rhodes was the longest so far in the federal investigation of the Capitol attack and the first issued to a defendant convicted of sedition.
What a buffoon..imagine being so gullible believing the Orange clown that you get 18 years in the clink.
I knew he was evil. He had an eye patch. He actually shot himself accidentally.
He will join the well known list of one eye evil guys. There is that Egyptian cleric that helped in the ’93 WTC bombing. More than a few taliban. Of course 17th century pirates.
I wonder if the eye patch is going to become a signature style of the right winger wannabe death squad crowd, sort of how all of them are fat ‘tards with big unkempt beards. I can see the beer belly being an asset as it help you carry the AR15.
If it does become a marker it will make it way easier for the AI Search and Destroy Drone fleet that the evil nerds will create. You know that all these evil tech nerds like the new ripped body Bezos hates lazy fatties and being bald he has a bug about hairy people.
Roy Kent has entered the chat.
The Cure blew the roof off the Hollywood Bowl. Epic show –
You are lucky Ex. Would love to see a show at Bowl.
Ex, saw them in my early twenties at Nassau Coliseum, great show.
Robert Smith is a complete trip. Very few artists are as straight forward as he is. And he is truly a fruitcake.
https://www.reddit.com/r/punk/comments/13a5pfr/robert_smith_of_the_cure_rejects_royalty_and/
Whoops: Famed tech investor Cathie Wood sold off her entire Nvidia stake in early January, before the stock started ripping and added $560 billion in market value.
Cathie is a very smart person, and extremely innovative, Pumpkin told me so. Remember she lost billions on coin, yet now is buying it as it still goes down. Just can’t make this stuff up.
Lol stock doubled since January too.
Jim,
Nostradumba$$’s visionary leader who sees innovation like no one else
I brought Marvell recently. I am so disruptive.
I’m up about 80% in less than a month.
Now what would be a good biblical name for my ETF. Hmmm. I think I’ll name it LORD.
You can’t lose with the LORD.
She didn’t sell it all. She owns in other funds. And that’s the problem with Cathie….people smash her for any mistake. She is absolutely right more than wrong on a very very difficult place to invest….disruptive innovation.
She went into higher convictions in the ARKK fund where she sold NVDA. Nothing wrong with that. Fact is, that she owned it, and still owns, even though she is selling those positions too on this run up. She felt the evaluation was too high, and made other moves. Nothing wrong with that.
Wait for the next bull cycle where someone like Cathie is the best of the best at riding the bull. It’s pathetic that some people give her no respect and think she is clueless. Right…she is absolutely clueless. Got it.
I don’t understand the hate for her…it’s rather sad. She is doing her thing. She survived the worst bear market in a very long time. She survived the largest rate hike cycle that absolutely beat high growth stocks with a bat to the head, and never once changed her strategy (that’s a sign of a winner). She instead consolidated and consolidated into buying down her biggest convictions. She will win in the long-term because she has shown complete discipline and maintained said strategy buying down the dip.
Jim says:
May 26, 2023 at 10:23 am
Whoops: Famed tech investor Cathie Wood sold off her entire Nvidia stake in early January, before the stock started ripping and added $560 billion in market value.
Cathie is a very smart person, and extremely innovative, Pumpkin told me so. Remember she lost billions on coin, yet now is buying it as it still goes down. Just can’t make this stuff up.
3b,
Apparently the market now loves hot inflation and rate hikes. Oz Powell has to raise in June and beyond. Dow up 350..what a joke. Debt ceiling deal news? BS. It was never in doubt
The Federal Reserve’s preferred measure of inflation rose in April, climbing at a 0.4% monthly pace, higher than the 0.3% uptick economists surveyed by FactSet had forecast.
The government’s core personal consumption expenditures price index illustrated that inflation ticked higher on an annual basis, rising to 4.7%, above the consensus of 4.6%.
And let’s be serious….no one saw NVDA coming. It’s not based on fundamentals. At the end of the day, she was there, she still owns NVDA (think 25 million worth) in the other funds and is now selling. She made money.
Honestly, in my humble opinion, we are on the verge of a bull market or it already started. In this kind of environment, all the worst news has already been priced in. At this part of the cycle, bad news is absorbed as opposed to sending the market down. You can’t hold down stocks forever. It’s almost going to be 2 years for this bear market. So I am not so sure this is a bear market rally anymore.
Bystander says:
May 26, 2023 at 11:01 am
3b,
Apparently the market now loves hot inflation and rate hikes. Oz Powell has to raise in June and beyond. Dow up 350..what a joke. Debt ceiling deal news? BS. It was never in doubt
8:30 F’in Love it. My cousin is an ex pat living outside of London in a big historic home. They Like the whole royal thing. Lot’s of folks do for some reason. Me? I think it’s why the earliest Americans left that Godforesaken island in the first place.
My daughter is actually a huge Cure fan and she took a pal of her’s along. My wife called it “navel gazing” music which I find hilarious. I like gazing at my wife’s navel though, so I understand.
There are actually a few “bowls” around the area. Hollywood, Santa Barbara, and Ojai all have outdoor bowl theaters. Each is a great place to see a show. My favorite is Santa Barbara as you get the sea breezes alone with a nice clean venue. I saw Elvis C. there once and we turned around and in the row behind us sat Joni Mitchell. She was in a wheelchair, but it was literally like being in the presence of royalty !
AI is def playing a part in this. I am assuming the market is betting that all these gains in AI will destroy inflation worries. Market is forward looking. AI is going to make certain companies very wealthy….dna anyone lol….it’s going to hurt the majority of companies, while supersizing the growth of others. Understand all this.
11:05 Those NVIDIA chips were created to run intensive video operations also do very well with the huge amount of parallel calculations that “AI” require.
It also might be some good marketing and a little wishful thinking.
Either way it looks like they’ll leave Intel and AMD in the dust for now. My understanding of Intel currently is that it is an absolute shit show over there and they deserve whatever they get.
“no one saw NVDA coming. It’s not based on fundamentals.”
Yet you envisioned Covid would spur an exodus from the cities to the suburbs raising single family home prices from stupid high to ludicrous.
Everything, even loosely related to AI, is yesterday’s bitcoin and last week’s black tulips.
This is not a bull market. This is most likely the giant head fake that swallows suckers and professionals alike. And then the losers who lost on tulips, bitcoin and who are soon to lose on AI, will be the first to say, “No one saw the implosion of (inserted whatever money burning and grossly overvalued investment here) coming.”
It’s the same thing over and over and over again for gamblers who think they are investors.
Meanwhile, what educated and successful investors do is to sit back and let their simple, low risk, tried and true 8-10 percent returns grow and compound into comfortable levels of wealth.
A homerun in the first inning is nice. But it rarely determines the outcome of a baseball game.
What a financial advisor does is keeps suckers from becoming losers. You ought to listen to one Pumps.
I don’t use one since I have discipline.
It is not priced in. Market lives off belief that Fed will pause to create a rally which takes 6 weeks to confirm. They are going above what was thought to be terminal rate only 6 months ago. The highs it reached through from printing were artificial and Fed is not unwinding balance sheet at all. When I see cranes stalled and rusty then I will believe that inflation is headed under control. Looking out office window, it has not stopped one bit
What I mean by “hurt” companies….it’s going to destroy those that don’t adapt. Disruptive innovation will absolutely destroy companies while at the same time growing new ones. Don’t get stuck holding the companies that will die.
Notice how the DOW jones can’t compete with nasdaq lately…now you know why.
Look at the nasdaq since the beginning of the year. Now compare it to the DOW. Big difference. The nasdaq chart since January also seems to be telling us that we bottomed and bull is forming.
“left, Nope. You are best submitting directly through company site but it really comes down to network. Someone has to push through other side of application.”
I get how to best apply and get hired, but what about the front end of just finding *real* open professional positions to start the process? Anyone I know looking to move always bitches about how useless LI is, from the discussion above of just horrible feeds to fake jobs…sounds like a major hole there to focus on a (the?) primary goal…what jobs are open out there for professional seekers? Anyone doing that? Zip, Indeed, Glassdoor?
“Ever notice that every car commercial, every movie and every TV show, where it shows a middle class family struggling with bills and financing offers, they have a center hall colonial with 200k kitchen.”
Ha. One commercial in that vein drives me nuts…black couple, in a large and expensive kitchen, lamenting they don’t have life insurance because the husband looked but it was too expensive…but wait, he can get it for just a hundred dollars a month! JFC. Who produces this drivel? LOL.
Bystander: Makes no sense, market a couple of months ago calling for a Fed pivot, rates cuts by year end. Inflation is easing, so if no pivot then a pause. Now inflation appears to be not easing, but rising, every reason for the Fed to hike in June, talk of a FFR rate at 6.00, and market does not care. Whatever!!
It’s forward looking….they don’t care about inflation anymore. They know it’s over. I am just the messenger.
3b says:
May 26, 2023 at 11:25 am
Bystander: Makes no sense, market a couple of months ago calling for a Fed pivot, rates cuts by year end. Inflation is easing, so if no pivot then a pause. Now inflation appears to be not easing, but rising, every reason for the Fed to hike in June, talk of a FFR rate at 6.00, and market does not care. Whatever!!
To our host, grim….
Working an investment thesis (LT) for AI…very few direct investments out there to gain exposure. So I’m thinking about businesses with a disproportionate amount of entry level or repetitive white collar jobs which presumably would be most at risk from AI (and therefore a source of appreciable cost savings to the company, and in companies that now are beaten down in share price).
Thoughts? Which sectors/companies from your perspective in the next five years possess and could clean house of a bunch of middle type management corporate drones and all their benefits?
Some ‘professional’ jobs literally should not exist. Or have one more senior level person in the place of an infrastructure team of 10…..
https://twitter.com/patentdrop/status/1654144709000921094
By, 3B.
We are talking about companies performing like they were during ZIRP, (Pre-COVID) with a shortage of qualified smart people available to hire and borrowing rates 5% higher. Not to mention banks are feeling insecure and people are finally cutting back. I totally think this is a head fake. I’m starting to look for strong dividend plays since I think we’ve turned Japanese.
What does this say about her other higher convictions….about their potential?! Or you can sit here and mock her. She knows her chit. Where is she wrong about NVDA here? She said exactly what it is. She just sold because she has higher convictions.
“We like Nvidia, we think it’s going to be a good stock. It’s priced, it’s the ‘check-the-box’ AI company. For a flagship fund, where we’re consolidated towards our highest conviction names, part of that has to do with the valuation,” she told CNBC on February 27.
I can feel the Hat Tip in my bones!
The Jersey Shore—Yes, That Jersey Shore—Is Now a Luxury Destination
https://www.bloomberg.com/news/articles/2023-05-26/how-the-jersey-shore-became-the-next-new-luxury-beach-destination?leadSource=uverify%20wall
It’s over for the wealthy and wall street..it ain’t over for middle and lower classes, dingus. You know, the 90% people who don’t own all money and stocks.
Ex,
Yep, I have been to all those areas and SB bowl is another on list. Santa Barbara is just gorgeous. Ojai looked cool but did not get the hype. Seemed like horse farms for wealthy. Only spent day there. Coming in through the mountains was awesome.
I don’t think so, bystander. I think the tide is changing. Recession was already priced in. They are expecting a mild recession I assume. IMHO, by the time recession is officially here, market will be much higher and in early bull market stage. Maybe a little correction in that time, but those lows from this bear market are gone. Again, IMHO.
A black swan event can come in, and destroy it all, but the odds of that are low. Like what bad news are you expecting at this point? Everything seems to be stabilizing. I don’t know. This is just what I see, but I am not saying I am correct….just my opinion on what I see. Am I totally wrong?
12:07 There are some amazing drives around the whole state. I was on a road called South Mountain that ran to Santa Paula the other day and it was breathtaking. The farmland and the mountains. It’s definitely a place where a person can pop the top and cruise never tiring of the view.
I like Ojai a lot, but it does get hot as heck in the summer.
It’s just super chilled and the Topa Topa mountains are a favorite. Actually the same range that I see in my own backyard. I think if I won the lottery though I’d probably head down toward the beach towns around La Jolla and San Diego. Just a bit warmer in the winter time and less June Gloom.
Cali is absolutely beautiful. It really is.
Lol so let me get this straight, she sold nvda based on valuation not lining up with price andissed the entire rally. Lol, has she looked at the the rest of her portfolio? I told you, semis are where it’s at over this non profitable tech in a bull.run.
“The Jersey Shore—Yes, That Jersey Shore—Is Now a Luxury Destination”
Buddy of mine going Hamptons (off beach) this year rather than Jersey Shore as dollar for dollar for what you get in the Hamptons house he selected it’s a better deal….
“She knows her chit. Where is she wrong about NVDA here? She said exactly what it is. She just sold because she has higher convictions.”
LO-fucking-L.
She dumped it in January at near the bottom prices of $150….At today’s price of $386 she lost out on a 157% return. *In four months*.
What does it say about her other convictions? That she’s a fucking idiot. But, I guess the consolation prize is that over the same time period ROKU is up 25% and DNA and TelePIG are each down 8% or so.
Way to go disruptor girl! Miss the biggest runup in history in the most obvious disruptor technology and company on the near term horizon!
Keep producing those below market returns for your novice sycophants though, they just love the color red!
How about the Ford/Tesla deal? Ford adopting the J1772 tesla plug and Tesla’s supper charging network access. Think its a game changer, GM and stellantis will have to follow.
BRT,
Who am I to argue with Cathie Wood. She said it was going to be a good stock, she never said she hated it. She simply said that in her flagship fund arkk, she sold to consolidate in what she believes are cheaper better priced plays. Who is to say she is wrong? Because NVDA went off? How many people were bashing NVDA calling it a cathie chit company? Now look at it. Says a lot. And of course any mistake she makes becomes sensualized headlines for people that completely hate her. Reversion to the mean people….she was the no 1 stock picker in the past bull, and she will be at or near the top in the next one (her stock holdings say so). A lot of these so called chit companies will be the darlings of growth next cycle.
How do you know these other convictions of hers won’t be better? I don’t understand the hate. Let this next bull cycle play out and let’s see how she does. Last time I checked, she blew her competition out the door last bull cycle….no one came close. Can anyone mocking her claim to have been a better stock picker than her last cycle? No, she was the BEST IN THE WORLD. Which is why you and others hate her. When the cycle was over, people in her fund early should ahve been selling. If they were in late at the peak, they should have started DCAing at some point if they want to make money.
“She dumped it in January at near the bottom prices of $150….At today’s price of $386 she lost out on a 157% return. *In four months*.
What does it say about her other convictions? That she’s a fucking idiot. But, I guess the consolation prize is that over the same time period ROKU is up 25% and DNA and TelePIG are each down 8% or so.
Way to go disruptor girl! Miss the biggest runup in history in the most obvious disruptor technology and company on the near term horizon!
Keep producing those below market returns for your novice sycophants though, they just love the color red!”
Nobody calls nvdia a sh1tco. It actually makes and sells products in demand. We call its valuation insane because it gained more market cap in 1 day than it’s total revenue since it started in the 90s. She has lost money on every single stock she’s purchased other than Tesla. But in early January, all of her funds were 100 percent losers based on he purchases. That would probably qualify her as the worst stock picker of all time.
Lock him up.
“Federal prosecutors and the F.B.I. are investigating whether Senator Robert Menendez or his wife received unreported gifts of a luxury car and an apartment in Washington from a halal meat company that is also the focus of a criminal inquiry, two people with knowledge of the matter said on Thursday.
The investigation into Mr. Menendez, a Democrat who is the senior senator from New Jersey, is linked to a government search of the meat company’s offices and the home of its president, according to a lawyer who met with prosecutors.
The search followed the Egyptian government’s decision in 2019 to make the company, IS EG Halal of Edgewater, N.J., the sole authorized importer of halal meat into the country from anywhere in the world. The U.S. Department of Agriculture warned that the abrupt change could drive meat prices for Egypt’s 90 million Muslims higher and disrupt the market.”
https://www.nytimes.com/2023/05/25/nyregion/senator-menendez-investigation-luxury-gifts.html?smid=tw-share
Here cheapo,
U give your email and can download the aristocrat and kings spreasheets for free and sort away. Sheets based on previous day’s close.
https://www.suredividend.com/
Juice,
Think Mikie Sherrill will run for Senator Bob’s seat if Chuckie as Bob to call it a day? She is getting ready for something, even if one doesnt like her politics, she is bright and a very hard worker while being moderate.
Remember when 2.5 years ago Cathie was selling semis like nvdia, tsm, and and and I told you they would lead the way. You disagreed. Then I called the peak in 2021.
They had lower declines from peak and have had the biggest gains from Oct. You were wrong…again. and Cathie played it wrong.
I just don’t understand what you expect? It was the highest rate rise in history. Any high growth disruptive company was going to take a bat to the head since they started this rate hike cycle. You claimed that her funds would die. When?
Instead of mocking these companies, pick out a winner and start building a position for the next cycle. I did…DNA. And I can’t wait till it blows the f up down the road.
Brt says:
May 26, 2023 at 1:04 pm
Nobody calls nvdia a sh1tco. It actually makes and sells products in demand. We call its valuation insane because it gained more market cap in 1 day than it’s total revenue since it started in the 90s. She has lost money on every single stock she’s purchased other than Tesla. But in early January, all of her funds were 100 percent losers based on he purchases. That would probably qualify her as the worst stock picker of all time.
Imho, by the end of this decade, her picks will destroy most of these semi companies. Chit companies have enormous growth potential if/when they become profitable. Esp, coming out of a bear market that specifically beat up these companies way too much on the downside. Just like they over inflate the bubble, they do the same on the way down….go buy some cheap f/ing companies with huge growth potential.
Brt says:
May 26, 2023 at 1:21 pm
Remember when 2.5 years ago Cathie was selling semis like nvdia, tsm, and and and I told you they would lead the way. You disagreed. Then I called the peak in 2021.
They had lower declines from peak and have had the biggest gains from Oct. You were wrong…again. and Cathie played it wrong
All that matters…the Fed Whale will never reduce.
Federal Reserve Governor Christopher Waller said changes are coming to the central bank’s balance sheet, but don’t expect the expanded holdings to return to pre-pandemic levels.
During a question and answer session on Wednesday at an event hosted by the University of California, Santa Barbara, Waller said the Fed wants to reduce its holdings, but noted that the annual growth of the money supply limits how much reduction can take place.
“Our balance sheet grows about 7% a year from printing currency, issuing it off and … most of it goes outside the U.S.,” Waller said. “So, as our liabilities grow by 7%, our assets have to grow by 7%. So, we can’t even go back to where we were pre-pandemic because there’s been growth of roughly 7% for the last so many years.”
left,
LI is a good passive tool for job search and networking. I have received lots of great companies but I am employed and very particular. I would hate it if unemployed because easy apply has made it impossible to get through ATS since chrome extensions let the non-qualified to pump in resumes.
I think efinancial careers is a good place for legit finance jobs. It is not good for technology roles so I can’t use it much. The spammers are not on it as much. Indeed, Ziprecruiter, Hired , Monster and the like free for all, Royal Rumbles. Too much garbage pay and third world recruiters looking to build resume database with fake jobs. Plus, they sell your data so it is pretty much spammers galore.
Insurance commercials are the best..every dad has a g-d proper den. I’ve never had a proper den in my life…hah
“$DNA – Ginkgo
Could this relatively small piece of news be the major catalyst for Ginkgo in the biopharma world ?
Centrient Pharmaceuticals, the global business-to-business leader in sustainable antibiotics, next-generation statins and anti-fungals, and Ginkgo, today announced they are expanding their existing partnership aimed at broadening Centrient’s portfolio of environmentally friendly active pharmaceutical ingredients (APIs), following the success of previous work together !
In the first phase of this project, Ginkgo delivered an enzyme with significantly improved efficiency, reducing the environmental footprint of enzymatic production of amoxicillin and cephalexin APIs. These semi-synthetic beta-lactam antibiotics are widely prescribed to both children and adults and are on the World Health Organization’s List of Essential Medicines. Centrient aims to build on these improvements through ongoing strain projects on Ginkgo’s platform which focus on reducing carbon emissions and waste production compared to traditional chemical routes.
To monitor very very closely !”
prnewswire.com/news-releases/…
“It’s a Major Concern for National Security. Antibiotic shortages plus contaminated drugs with Carcinogens have become the new normal in The last 3 years.
This is a bigger headline that will be discounted.
That’s a mistake. I agree with you 100%.
The smaller carbon footprint is cool but it’s not the big news. Safer Drugs, closer to patients in the purest form. A shortage of Antibiotics is up there with the greatest failures of any Nation. Now that changes.”
The beauty of Gingko: no one even knows what this business will turn into(amazon started as a bookstore). It’s going to have its tentacles in everything. It’s wild to think about. You just know that the founders are special and somehow, someway they will change the world you live in.
In case you didn’t catch this part. Gives me enormous conviction. Tells me their model works. They are expanding their existing partnership aka it works.
“Centrient Pharmaceuticals, the global business-to-business leader in sustainable antibiotics, next-generation statins and anti-fungals, and Ginkgo, today announced they are expanding their existing partnership”
Yeah, I caught the unknowledgeable Twidiot post the first time…
So basically a highly leveraged spinoff of a Dutch manufacturing company with $440m of revenue producing generic pharmaceuticals for the Third World where there is so little profit that there are actual shortages is going to save the day by taking drugs that sell for pennies each and *increasing* their cost to meet some ESG and carbon footprint reduction goal.
Great business plan, add ancillary costs for a feature irrelevant to the end user to low profit commodity products. Guess they’ll make it up on volume /s
Let me get my checkbook out, where do invest? double/s
For your own benefit, please stay away from these idiots who have no idea what they are speaking of and punctuate everything with an exclamation point.
Go to the comments section:
https://nypost.com/2023/05/26/montauk-hotspot-maison-close-burns-to-the-ground-before-opening/
A French restaurant in American, staffed by Mexicans and burnt down by Italians. Typical for NY.
not my comment…… should have put quotes
What does Alijah Vera-Tucker have to do with this???
Libturd says:
May 25, 2023 at 4:44 pm
Lefty,
Look at AVT.
You have the balls to post this, you jackass?
The Great Pumpkin says:
May 26, 2023 at 11:05 am
And let’s be serious….no one saw NVDA coming. It’s not based on fundamentals.
I thought everyone smokes bowls constantly out there.
ExEx says:
May 26, 2023 at 11:14 am
There are actually a few “bowls” around the area. Hollywood, Santa Barbara, and Ojai all have outdoor bowl theaters.
Talking to my B-School buddy over there. Shocked at his cluelessness. I don’t understand. Maybe it is denial?
ExEx says:
May 26, 2023 at 11:18 am
Either way it looks like they’ll leave Intel and AMD in the dust for now. My understanding of Intel currently is that it is an absolute shit show over there and they deserve whatever they get.
Look outside U.S., hedge currency if that is your preference…. stay away from China or China-impacted. FYI – China is wild card in AAPL & NVDA.
Libturd says:
May 26, 2023 at 11:47 am
By, 3B.
We are talking about companies performing like they were during ZIRP, (Pre-COVID) with a shortage of qualified smart people available to hire and borrowing rates 5% higher. Not to mention banks are feeling insecure and people are finally cutting back. I totally think this is a head fake. I’m starting to look for strong dividend plays since I think we’ve turned Japanese.
An investor willing to put capital to work under her direction.
The Great Pumpkin says:
May 26, 2023 at 12:45 pm
BRT,
Who am I to argue with Cathie Wood.
Chi on fire.
ChiFire!
Off to Nawlins bitchez.
3:28 I’d say at any given time fully 3/4s of those you encounter on a daily basis are either stoned or stupid.
A New Hamptons restaurant has been destroyed by a fire just days before its planned Memorial Day weekend opening.
Maison Close Montauk was slated to open ready for the holiday weekend and due to start serving customers Friday.
But on Thursday night, just hours before opening, the restaurant caught fire and burned to the ground.
Just to recap, No One saw inflation, No One saw interest rates hikes, No One saw ARK collapsing, No One saw nvdia rising. No One also moved to Florida. He’s just ahead of the game.
3:18 oooops sorry missed your earlier link !
Chgo: The article you posted about Jersey Shore becoming luxury spot. The guy in Bradley Beach is quoted as saying people are fed up of the traffic to the Hamptons. As you know Jersey Shore traffic can be brutal as well.
Depending on what articles you read, the pandemic money is long gone, or almost gone to people still have Covid money. WSJ article about people ready to vacation this year, and one of the reasons is people still have plenty of Covid money they have access to. So which is it?
Meanwhile, CNBC reports that credit card debt outstanding is almost one trillion dollars as of the end of the first quarter 2023. So the people who were most negatively affected by the pandemic still have pandemic money, and yet credit card debt outstanding is at an all time high? Don’t make no sense to me.
3b
I plan my week so I don’t have to make any northern sales calls on Thursday or Friday to avoid having to travel the Parkway south during the summer. It’s just brutal. Try not to go north on the Parkway on Monday mornings as well, another nightmare.
They’ve arrived. On my way back from the golf club this afternoon the Parkway south was a parking lot around exit 90.
Hughes: That is exactly my point. I don’t have any information on Shore traffic vs Hamptons traffic, and which is worse, but Shore traffic is bad. All this new development if it attracts people will make it worse I would think. I like the Hamptons, more the physical beauty, but overall I prefer the Shore for a lot of different reasons. As for the Asbury development ( we go there a lot) it’s concentrated by the beach and Cookman Avenue. It does not appear to be moving further then that. Have not been to Atlantic City in a few years, so can’t comment. It was still pretty sad looking last time I was there.
I prefer going to my CT town beach a few miles away, only for town residents and enjoying the nice beach and water. Sure, it is the LI sound and few waves but I can’t do NJ Shore traffic nor Cape traffic. I can barely stand Merritt Pwy at this point. Constant beat down of cars.
Remember in “The Exponential Age” thesis assets with a secular adoption trend (crypto and tech) outperform the global liquidity cycle and ALL other assets.
Also a TGA rebuild would be temporary and market will likely largely look through it (TGA could also be offset by RRP or Fed too, who knows!).
There will be corrections and all dips are to be bought.
Cute
Brt says:
May 26, 2023 at 4:01 pm
Just to recap, No One saw inflation, No One saw interest rates hikes, No One saw ARK collapsing, No One saw nvdia rising. No One also moved to Florida. He’s just ahead of the game.
All I know is that everyone and their mother claimed ark would fold. Still waiting. How could a fund made up of shit cos still be alive after a massive bear market? Wild.
Give me your best 5 year and 10 year picks for investments. I don’t want pussy no brainer picks either. The best pick over the next 5 and 10 years won’t be obvious.
My pick for 10 year is DNA. 5 year prob PLTR or Tesla. Both have some upside if things fall into place with AI.
And hate ai all you want, or wake the f up and realize we are in the beginning stages of the ai age. Huge (trump voice)money to be made.
Bystander: When we were growing up we sometimes used to go to Sherwood Island. It was pretty nice as I remember, and close to NYC.
Being in Wall for HS, I learned how to circumvent all the Jersey Shore traffic. Every little detour still works to this day.
Massive Bear market? May I remind you we only tapped 20% down in the S&P temporarily. Nobody said those stocks would go to zero. Just way down. 70 to 80% will do. Our point was proven.
Adjusted for inflation almost 2 years out: some real pain out there.
BRT says:
May 26, 2023 at 8:37 pm
Massive Bear market? May I remind you we only tapped 20% down in the S&P temporarily. Nobody said those stocks would go to zero. Just way down. 70 to 80% will do. Our point was proven.
And go hard on your convictions if you believe in it. You seem to be right, so have some real balls and go make money.
AI is here to stay. What will follow is the same old hype bubble. For every legitimate project, there will be 5 ones guaranteed to fail, dozens of small scam spacs/ipos, and companies that have no relation to AI trying to associate themselves with it to pump their stocks.
The chips are being sold and used either way. That was the play.