From Yahoo Finance:
May jobs report expected to show more signs of cooling labor market
The May jobs report is expected to show further signs of cooling in the labor market.
The monthly report from the Bureau of Labor Statistics, slated for release at 8:30 a.m. ET on Friday, is expected to show nonfarm payrolls rose by 185,000 in May while the unemployment rate remained flat at 3.9% from the previous month, according to consensus estimates compiled by Bloomberg. In April, the US economy added 175,000 jobs, while the unemployment rate unexpectedly rose to 3.9%.
Here are the key numbers Wall Street will be looking at compared to the previous month, according to data from Bloomberg:
- Nonfarm payrolls: +185,000 vs. +175,000 previously
- Unemployment rate: 3.9% vs. 3.9% previously
- Average hourly earnings, month over month: +0.3% vs. +0.2% previously
- Average hourly earnings, year over year: +3.9% vs. +3.9% previously
- Average weekly hours worked: 34.3 vs. 34.3 previously
The report comes as the stock market has hit record highs amid a slew of softer-than-expected economic data, which increased investor confidence that the Federal Reserve could cut interest rates as of September. Entering Friday’s print, markets are pricing in a 67% chance the Fed cuts rates in September, up from a roughly 50% chance seen a week ago, per the CME FedWatch Tool.
Friskies
Will he sell?
Roaring Kitty is up like a 1/2 billion on his GME bet this morning.
46.55 USD +14.98 (47.45%)today
Closed: Jun 7, 6:32 AM EDT • Disclaimer
Pre-market 57.76 +11.21 (24.08%)
https://finance.yahoo.com/news/gamestop-stock-soars-as-roaring-kitty-announces-livestream-reveals-382-million-unrealized-gain-200804028.html
Amazing SpaceX launch yesterday. Successfully landed both the super heavy booster and the starship in the ocean. Next up is a landing on a drone ship? Perhaps launch a cyber truck into space?
I want to know more about how that dude amassed so much money to make a bet like that.
Olaf, Beserker –
https://www.instagram.com/reel/C70uLWcO8vw/?igsh=MzRlODBiNWFlZA==
This is interesting.
Only the US of A and Denmark offer the 30-year mortgage. The rest of the world won’t allow such leverage. Many countries, you must purchase your home outright. I had no idea.
LAX: just walked past his store going to the eye doctor.
https://www.thesecretstashonline.com/
Options.
grim says:
June 7, 2024 at 7:34 am
I want to know more about how that dude amassed so much money to make a bet like that.
272,00o. Got
4.0
Hot
Yield go back up, but the had rallied down to ridiculous levels.
BREAKING NEWS!
U.S. job gains totaled 272,000 in May, more than expected
PUBLISHED FRI, JUN 7 20248:31 AM EDT
thumbnail
Jeff Cox
Nonfarm payrolls were expected to increase by 190,000 in May, according to economists surveyed by Dow Jones.
This is breaking news. Please check back for updates.
Higher for even longer!
Greatest economy since the post-war era. Roaring 20’s are here again!
I have mixed feelings on Roaring Kitty. My son was following him in the original Gamestop run and I explained to him why it worked. Though, I am always happy when a little guy sticks it to the man, his methods are not so admirable. Quite frankly, I feel they should be illegal. It is no different to when a short publishes a complete BS story in Seeking Alpha or a fund manager, with a large position in a holding, makes a boldly positive prediction about that holding. The purpose of the stock market is to provide companies with a line of capital that they can tap to grow the business, providing more jobs and helping the economy. Market manipulators make this line of capital unsteady and dangerous to tap. Certainly, GME is not worth $70 a share, especially when you look at their fundamentals. Nonetheless, I respect Roaring Kitty for figuring this out. Much like I respect Musk for building most of his businesses through government subsidies, but can’t stand the fact that they existed in the first place.
Lib,
Canada is pretty much all adjustable.
Bers get fokc
Damn that jobs report. Market would have rocketed if it was bad.
Hey 3B. I am thinking no interest rate cuts this year.
Where’s the pain?
https://youtu.be/lSPNQ82Sq4E?si=X7j9EQ1_-DEPp-Nz
Roaring Kitty just became the face of the GME movement because he was the biggest winner who had a public feed. Now he’s become the face of motivation to overpay for a bankrupt company. The guy doesn’t have to do anything. He reactivated his twitter account and posted a meme of a dude waking up out of a chair and the stock jumps 30 bucks. I wouldn’t say that’s manipulation. The meme stock phenomenon is the dumbest of the dumb money chasing.
Did anyone mention ECB cut rates?
https://www.ft.com/content/8f3dc687-ba67-454a-857c-35e446702c72
Hedge funds offer no value to society nor have any particular insight. They simply Roar Kitty into exploiting market manipulation.
“The meme stock phenomenon is the dumbest of the dumb money chasing.”
How much do you think Pumps has lost?
“ 8.1 million job openings = not enough people to fill those openings. The dynamics are different this time than any other time we had significant inflation in the past.
We need more workers.
And the recession narrative goes right out the window again.“
How much do you think Pumps has lost?
Not much, if his wife is in charge of the money and is in finance, she’s controlling the strings. That’s why he was only able to dollar cost average $4000 into ARK during it’s collapse over the course of a year.
VSG – A pool money from investors to invest in various financial products should be banned? Where should all that money go? Charity or Taxes, which one would you prefer?
I don’t believe a word that comes out of his keyboard. For a while, I didn’t even read his posts, but they are to entertaining to skip.
GME is not worth $70 a share.
Yes fundamentally. However it’s now worth that much because the short interest had to cover and buy the stock, just like what happened last time.
His tweet was the reverse uno card. “the ultimate comeback”.
He is again proving the system has not changed. The leverage used has not changed, even with all of the congressional testimony and market manipulation by the brokerages themselves last time.
I just read where GME management plans to sell 75 million shares. Good. Stock is dying in premarket. Will be interesting to see how weak the hands of his followers are. Where does the GME price have to be for him to win on his options bet?
I don’t care.
Just save me from Hedege fund good, roaring kitty bad.
Juice Box says:
June 7, 2024 at 9:05 am
VSG – A pool money from investors to invest in various financial products should be banned? Where should all that money go? Charity or Taxes, which one would you prefer?
Lib – just point out the manipulation again.
“GameStop unexpectedly announced its first-quarter fiscal 2024 report before the bell Friday”
unexpectedly??
Last time this stock ran up from $17 to $347 in one month costing the short sellers some say as much as $10 Billion. You can bet the folks shorting now are working the phones.
I have two friends who opened hedge funds about a decade ago. Both were the most non-astute investors, but were very outgoing and aggressive personalities. I think I shared the story of one of them who was in my investment club. Out of twelve members, he finished last in our three-year stock picking contest.
It’s all a casino….do not think this is the stock market of the past.
Libturd says:
June 7, 2024 at 8:34 am
I have mixed feelings on Roaring Kitty. My son was following him in the original Gamestop run and I explained to him why it worked. Though, I am always happy when a little guy sticks it to the man, his methods are not so admirable. Quite frankly, I feel they should be illegal. It is no different to when a short publishes a complete BS story in Seeking Alpha or a fund manager, with a large position in a holding, makes a boldly positive prediction about that holding. The purpose of the stock market is to provide companies with a line of capital that they can tap to grow the business, providing more jobs and helping the economy. Market manipulators make this line of capital unsteady and dangerous to tap. Certainly, GME is not worth $70 a share, especially when you look at their fundamentals. Nonetheless, I respect Roaring Kitty for figuring this out. Much like I respect Musk for building most of his businesses through government subsidies, but can’t stand the fact that they existed in the first place.
Hedege fund good???
Who ever said that? The closest they get to good was when the labeled themselves activists like Carl Icahn, you can bet their idea of good is I fu***ked you real good. I think roaring kitty took his money too in the last short squeeze.
It’s not dumb…it’s traders. This is what they do. Chase any type of momentum in any direction.
BRT says:
June 7, 2024 at 8:38 am
Roaring Kitty just became the face of the GME movement because he was the biggest winner who had a public feed. Now he’s become the face of motivation to overpay for a bankrupt company. The guy doesn’t have to do anything. He reactivated his twitter account and posted a meme of a dude waking up out of a chair and the stock jumps 30 bucks. I wouldn’t say that’s manipulation. The meme stock phenomenon is the dumbest of the dumb money chasing.
Lib – Roaring Kitty has June 21st $20 calls
Current price is $47…. You can bet there will be allot of action.
Roaring kitty accomplished what those guys never will.
Taxpayers bailed out private counterparties from LTC hedgefund blow up.
Again, we privatize gain and socialize losses
Libturd says:
June 7, 2024 at 9:24 am
I have two friends who opened hedge funds about a decade ago. Both were the most non-astute investors, but were very outgoing and aggressive personalities. I think I shared the story of one of them who was in my investment club. Out of twelve members, he finished last in our three-year stock picking contest.
I don’t care.
Just save me from Hedege fund good, roaring kitty bad.
You’re all too happy to watch fake growth in every other asset class. Why is it if oil or GME goes up, you object?
We need to fill the jobs!!!…one thing is for sure, it’s not being done with native born people.
https://fred.stlouisfed.org/series/LNU02073413
“It’s all a casino….do not think this is the stock market of the past.”
Wrong, wrong, wrong, wrong and wrong.
My portfolio is made up of this incredibly complicated mix of holdings:
FGKFX Fidelity Growth Company K6 Fund 32%
SP 500 INDEX PL CL C 17%
VUG 11%
BOSOX 10%
SPY 8%
QQQE 6%
Future Path 529 College Enrollment Portfolio – Z 2%
stocks 14%
I don’t change it much. I have beaten the total stock market index consistently. My returns over the long run average 14%. In the last few years, It has been closer to 25%.
These holdings above do not include my cash holdings nor my real estate assets which make up about a quarter of my total net worth.
Keep buying DNA and other disruptors. Last I looked, you could buy a share for a half dollar.
Dude, all the gains have been driven by a bubble in ai….get real. A few companies driving it all. No fundamentals involved. So give it a rest. Open your eyes. The entire last decade was driven by low rates and QE. There is no investing based on fundamentals anymore. So, i have no idea why you attack me for actually investing in innovation….of course it’s a gamble to invest in innovation (it’s a gamble to open your own business), but at least I am investing in something to help the future.
Again, I have a pension, income property, and index investments. Don’t bust my balls for taking a risk on innovation to try and and make real money.
Libturd says:
June 7, 2024 at 10:34 am
“It’s all a casino….do not think this is the stock market of the past.”
Wrong, wrong, wrong, wrong and wrong.
My portfolio is made up of this incredibly complicated mix of holdings:
Look at you getting drunk off the absurd gains. They won’t last. If you are making that much money in “safe investments,” is it really safe? aka my original point…it’s all a casino now.
“I don’t change it much. I have beaten the total stock market index consistently. My returns over the long run average 14%. In the last few years, It has been closer to 25%.
These holdings above do not include my cash holdings nor my real estate assets which make up about a quarter of my total net worth.”
Same here.
I’m also long NVO because most fat humans will end taking ozempic.
Libturd says:
June 7, 2024 at 10:34 am
“It’s all a casino….do not think this is the stock market of the past.”
Wrong, wrong, wrong, wrong and wrong.
My portfolio is made up of this incredibly complicated mix of holdings:
FGKFX Fidelity Growth Company K6 Fund 32%
SP 500 INDEX PL CL C 17%
VUG 11%
BOSOX 10%
SPY 8%
QQQE 6%
Future Path 529 College Enrollment Portfolio – Z 2%
stocks 14%
I don’t change it much. I have beaten the total stock market index consistently.
Hehe. That’s one way to make some dough without the stock market.
A woman who says she was identified online as the basis for the character of a stalker in the popular Netflix series “Baby Reindeer” is suing the streamer and the show’s creator. She is seeking $170 million over a portrayal she says was inaccurate and distressing.
A group of female deputies in Texas who accused their male colleagues of staging
Pony up, taxpayer. Hehe.
A group of female deputies in Texas who accused their male colleagues of staging bachelor party prostitution ‘stings’ as an excuse to get drunk and sexually assault them has been handed a $1.5 million settlement.
Harris County agreed to pay deputies Liz Gomez, Marissa Sanchez, Felecia McKinney, Jasmine Huff and whistleblower Jacquelyn Alutto the sum on Tuesday.
The deputies claimed they were abused and harassed when the undercover operation set up by Assistant Chief Deputy Chris Gore turned into a drunken ‘playground for sexual exploitation’.
He’s clearly maga, but that’s not the main issue. Kernen is just an awful broadcaster, rambles on and his questions are always incoherent.
Only option in the morning is Bloomberg TV
“ Yup, but it’s so obvious that the Exec’s @CNBC including @BeckyQuick husband @SquawkCNBC Exec Producer @matthew_quayle support Kernen. I stopped watching after 20yrs because Kernen has turned a once great business show into a clone of the “Tucker Carlson Show”……sad”
re: “most fat humans will end taking ozempic.”
RYBELSUS <—- Pill format for fatties sales are thru the roof.
Apparently the compounder pharmacies are busy selling it by the truck load too.
Hense the South Park episode with the tractor trailer full of Semaglutide.
KEY TAKEAWAYS
Long-Term Capital Management (LTCM) was a large hedge fund led by Nobel Prize-winning economists and renowned Wall Street traders.
LTCM was profitable in its heyday and by the spring of 1998, drew in about $3.5 billion of investor capital by promising that its arbitrage strategy would yield huge returns for investors.
LTCM’s highly leveraged trading strategies failed to pan out and, with losses mounting due to Russia’s debt default, the U.S. government had to step in and arrange a bailout to stave off global financial contagion.
manufactured by NVO
Juice Box says:
June 7, 2024 at 11:13 am
re: “most fat humans will end taking ozempic.”
RYBELSUS <—- Pill format for fatties sales are thru the roof.
Apparently the compounder pharmacies are busy selling it by the truck load too.
Hense the South Park episode with the tractor trailer full of Semaglutide.
Eat less, move more=it’s not that hard. But it will take time.
Juice Box says:
June 7, 2024 at 11:13 am
re: “most fat humans will end taking ozempic.”
RYBELSUS <—- Pill format for fatties sales are thru the roof.
Apparently the compounder pharmacies are busy selling it by the truck load too.
Hense the South Park episode with the tractor trailer full of Semaglutide.
Amazing how that works isn’t it?
Very Stable Genius says:
June 7, 2024 at 11:15 am
LTCM’s highly leveraged trading strategies failed to pan out and, with losses mounting due to Russia’s debt default, the U.S. government had to step in and arrange a bailout to stave off global financial contagion.
Lol – Elon will leave TESLA unless they pay him his 2018 back pay that was voided by a Delaware Judge, that was 304 million shares @$23
What I want to know is if the govt will be able to bail out the real estate market and maintain pricing. I don’t believe so, but they have pulled a rabbit out of a hat before.
This has to be peak pricing….if a recession happens….commercial and residential real estate is f/ed as people are barely making payments as is. Job openings are declining. Full time jobs are declining. Writing on the wall for me…see what happens.
Phoenix says:
June 7, 2024 at 11:24 am
Amazing how that works isn’t it?
I wouldn’t bank on NVO, there are probably dozens of copycats in the pipeline.
Lol – Elon will leave TESLA unless they pay him his 2018 back pay that was voided by a Delaware Judge, that was 304 million shares @$23
Threat or a promise?
There was no government money in LTCM, just the regulators forcing the banks to bail it out, which is their job. Interesting story was Warren Buffett offered to buy them for around $250 million peanuts based on their book and gave them less than one hour to accept the deal, which could never be done other than a handshake anyway.
Now TARP on the other hand, after all that money was passed around several hundred Billion of taxpayer money in 2008 the taxpayer eventually lost about 31 Billion when those bets were finally liquidated.
Elon communicated via the Chairwoman of the board. She is saying he isn’t “motivated” without it.
There is a massive split of shareholders says the news. Many aren’t happy with him running off his mouth on Twitter and well probably spending most of his time on Space X.
Lib: No rate cuts this year. I was never on board with the multiple rate cuts penciled in by the market for this year. I thought perhaps one or two , and did not even believe there would be a need for them, but the Fed would cut just to keep the market happy. Higher for longer, which really is in my view back to more normal rates. We ain’t seeing 3 percent mortgages again anytime soon if at all.
Housing market in a rut, I don’t know what the answer is, but things seem stuck. Not a lot of inventory, but the inventory is not moving, at least in my town and others in the area from what I have been hearing.
BRT: More then a few native born Americans are lazy and don’t want to work. I know a few of them.
“ Some industry officials said that Federal Reserve Bank of New York involvement in the rescue, however benign, would encourage large financial institutions to assume more risk, in the belief that the Federal Reserve would intervene on their behalf in the event of trouble (see Greenspan put).”
Funny thing about the Cyber Truck.
It reminds me of the the last mass produced stainless steel vehicle the Delorian.
Both have the same 300 grade stainless steel, just like good quality kitchen knives. Remains to been seen if it will start pitting….
3 minutes for the live stream from Roaring Kitty.
Should be a fun watch.
https://www.youtube.com/watch?v=U1prSyyIco0
Nearly a 1/2 million waiting for the Roaring Kitty live stream to start on Youtube. Not bad considering and Apple event will bring in about 3 million on a live stream.
Roaring Kitty fuking hilarous..He started a 1/2 hour late like he was on life support sounds, and Band-Aids and an arm sling. Stock is again shooting up from $31 to $38 since he started the live stream so far…
BREAKING NEWS!
Justice Clarence Thomas acknowledged in a financial disclosure that he took two luxury trips paid for by a G.O.P. donor.
Friday, June 7, 2024 12:43 PM ET
The justice amended an earlier financial disclosure to include vacations to Bali and a secretive California men’s club paid for by the Texas billionaire Harlan Crow.
Guy is a maniac his position dropped about $235 million so far today.
Turning into a parody symbol for what the market has become….it’s all a casino. I don’t care if it’s bonds or whatever it is. It’s all a joke.
Juice Box says:
June 7, 2024 at 12:32 pm
Roaring Kitty fuking hilarous..He started a 1/2 hour late like he was on life support sounds, and Band-Aids and an arm sling. Stock is again shooting up from $31 to $38 since he started the live stream so far…
VSG – “luxury trips paid for by a G.O.P. donor.”
At least admit it you only care when it’s the other team. I don’t need to go down far on a list of Washington politicians and other who accept gifts and trips from donors now do I?
“WASHINGTON — President Biden failed to list free vacations at the homes of businesspeople on his annual financial disclosure form this week — drawing a rebuke from ethicists and Republicans amid an ongoing political firestorm over Supreme Court Justice Clarence Thomas’ similar non-reporting of free trips from a businessman.
Biden enjoyed three beach getaways at the homes of the wealthy and politically connected owners during the past-year reporting period.
In two instances, Biden is known not to have paid the owner and in the third case it’s suspected the president did not pay.
Ethics experts Walter Shaub, who led the Obama-era Office of Government Ethics, and Richard Painter, the top ethics lawyer in the George W. Bush White House, say free vacation-home stays need to be disclosed if the homeowner isn’t present — and it appears they were not — because a “personal hospitality” exception would not apply.”
3b, I’m related to a few of them
BRT: Me too, by marriage if that counts. Ignorant , lazy people, and sneaky too.
Btw, for those of you with any kids in or nearing senior year, I’d recommend you don’t let them play this stupid senior assassin game. NYP has an article of a father who shot a kid over it. But I’ve watched this for the past 2 years. The kids are out of control with this game (there is money involved). They get into high speed chases with each other around town. Last year we had a couple of kids actually hit by cars because of it.
Attended a high school (private) graduation this morning and a couple of things struck me…
– all attendees were asked to stand and recite the pledge of allegiance; can’t recall the last time I did so (many years ago???); is it still recited at all in public school?
– the devastating impact of remote learning; valedictorian and all other student speakers mentioned how useless, de-motivating and isolating remote learning was; I think that covid/remote learning fundamentally broke public education in this country (not that it was healthy prior)
Yet, these same individuals will be demanding remote work. Make it make sense….right, it’s different….sure.
– the devastating impact of remote learning; valedictorian and all other student speakers mentioned how useless, de-motivating and isolating remote learning was; I think that covid/remote learning fundamentally broke public education in this country (not that it was healthy prior
Interesting fact on Hunter Biden, he is the only person ever prosecuted for lying on the Federal gun questionnaire who didn’t use the weapon purchased to commit a crime.
Old: This is the way its going to be going forward from both parties. Bad precedents being set Trump on his convicted felon matter, and Hunter on the gun charge.
According to the jobs breakdown in this mornings number, low wage workers fared the best, with that sector still growing along with pay. Middle and upper income jobs have slowed along with wage increases.
3b says:
June 7, 2024 at 4:22 pm
“This is the way its going to be going forward from both parties.”
This is some unfortunate and inaccurate ‘whataboutism’. Blame for weaponization of law enforcement and the judicial system falls completely on the Dems. Poor Hunter is only in the predicament he’s in (and he will likely be found not guilty though he obviously is) because his lawyers and his father’s DoJ couldn’t coherently explain to the judge even the most basic details of the slap-on-the-wrist plea deal that had been worked out for him, leaving her no choice but to not accept it.
1,800,000 people tuned in to the Roaring Kitty podcast on YouTube today. Almost two million views in hours… there were several hundred thousand people in the lobby before the live stream began.
The power of the internet as far as disseminating information goes is humbling.
Check this tweet out. Did I not say this was going to happen to people moving to Texas. I was screaming this chit on the blog all last decade. Another right call by the Great Pumpkin.
“Listen to what is going on in the Texas housing market. Foreclosures are accelerating and at the end of the video he says it’s not due to job loss, it’s due to taxes and insurance doubling. What was once an $1,800 payment is now $3,200-$3,800.
The average person/family could afford $1,800 -$2,500. Now that payments are getting well above $3,000, you’re starting to see things break.”
tiktok.com/t/ZTLwMVLNp/
https://x.com/bankingnewsguy/status/1798813346659012665?s=46
According to the jobs breakdown in this mornings number, low wage workers fared the best, with that sector still growing along with pay. Middle and upper income jobs have slowed along with wage increases.
Nonsense! The economy is roaring! Working two jobs instead of one to purchase the same amount of hamburger meat creates more tax dollars! Tax revenue is a measure of a robust economy! It means states like California can ask the Fed for even more money to waste.
You people were screaming that democrats drove up taxes in nj. I knew the real answer and said it over and over, but no one listened. The only reason a place has cheap housing and property taxes: nobody lives there. The minute job opportunities and people start forming in a location, it becomes a high cost location. You now have to compete with people to live there. The only places that are cheap are where no one wants to live. Can’t wait to hear lib bitch about it with vegas in 10 years. I would never move there…
I understand markets and human psychology better than most. Otherwise, would have been able to make these calls.
It’s funny, you guys will forever beat me up on a mistake (dna/ark anyone), but you will never acknowledge the amazing calls. No one is perfect…i certainly am not. But one thing for sure, i am not the village idiot. Wake the f up.
Speaking of California, I’ll departing back to New Jersey today after spending another week here in Silicon Valley. There’s no denying that you’re not in Jersey when here. Not just climate-wise but the ambiance and vibe. It is unique. Muir Woods is breathtaking; the hills look odd, somewhat barren but beautiful. A lot of cars exceed the speed limit, more so than back home; there’s no bees… where are they? There are no police cars, not one have I seen all week. No squirrels in this area. San Francisco proper has a charm for sure. Why aren’t they dropping the hammer hard and making this city great again? Livermore reminds me of a place where movies were filmed in the 70s, whether it’s a crime show or some Western. The vegetation is different in so many ways. California is huge and I was in the Los Angeles area when I was 18 but was too young to take in the whole scope. Can I live here? If I had to but something tells me NJ is where I will play out my existence.
Pumpkin, here is another prediction you missed:
The Great Pumpkin says:
May 18, 2022 at 1:49 pm
Deflation is coming…just like Cathie said. Inventories are growing. Only way to make money in the stock market this decade will be in high growth.
“Walmart saw 32% inventory growth on 2% sales growth.
The biggest retailer on planet earth is likely very oversupplied.
Tell me how that doesn’t lead to mark downs of inventory = DEFLATIONARY
Wholesale inventories have been signaling this.”
Also predicting an increase in real estate is no prediction at all, has happened since the 1800s , some years more than others. That is why some people invested in real estate, if you catch my drift.
One note for you, no need to get your multi inspected for lead paint as long you have had your units inspected at least last 10 years by the DCA. State actually saved me $750 on inspection, deadline is July 22,2023.
There’s probably a dozen easy charges on Hunter from drug use, to prostitution solicitation, tax evasion. What’s your opinion on that?
Jim,
Thanks for the tip.
I still stand by that deflation call long-term. This current inflation is an anomaly. Low to non existent growth combined with innovation says it is inevitable. What happened the past 3 years was all engineered bs.
You say house prices always increase? That’s not being fair. I said the year it would happen. I called the market perfectly 10 years out. So, don’t listen to lefty and take on his ignorant position.
Also, prices only went up over the past 200 years because of massive population growth. That will never happen again. You now have a higher risk than ever of witnessing deflation in housing as population growth is almost nonexistent. Location matter more than ever now.
Engineered bs= supply chain nonsense
If I was into conspiracy theories…I would argue the world govts engineered this black swan event to jump inflation to pay off old debt and create a new cycle.
Now you have minimum wage up at 20 dollars in places like California. Think of the huge jump in tax revenue to pay off old debt that was created at 10 an hour.
No way you have these high minimum wages without the pandemic.
And I paid for this wrong prediction. This is why investing in innovation the past 2 years took a bat to the head. F it….creates opportunity. Stupid cheap prices. Can get DNA at .50. Market cap of 1.2 billion. Now that’s value. Company has zero debt. 850 million in cash. It has been beat to chit to the extreme side. It’s a complete value now. Just buy and wait for the market to come back to high growth investing.
Jim says:
June 7, 2024 at 5:51 pm
Pumpkin, here is another prediction you missed:
The Great Pumpkin says:
May 18, 2022 at 1:49 pm
Deflation is coming…just like Cathie said. Inventories are growing. Only way to make money in the stock market this decade will be in high growth.
“Walmart saw 32% inventory growth on 2% sales growth.
The biggest retailer on planet earth is likely very oversupplied.
Tell me how that doesn’t lead to mark downs of inventory = DEFLATIONARY
Wholesale inventories have been signaling this.”
Pumpkin here is your call on deflation, over two years ago. Wrong again. inflation continues.
The Great Pumpkin says:
May 20, 2022 at 1:07 pm
Inflation had to peak already…all deflationary now.
Arkk down 75 percent. DNA the. Dropped about 75 percent from 10 to 2. The. Another 75 when you talked about value from 2 to current price. If you started out with 100k and implemented you strategy, you’d be left with 1.5k. But the. After 100 percent gain from BONK, you’d be back up to 3k, another 96k to parity.
That’s why short-term calls are tough. Crazy things can happen.
I stand by my deflation call. I have a bridge to nowhere for sale if you think they can continue to produce inflation without the population growth to support it.
It’s a long-term game. If I had been continuing to dollar cost avg, it would be a winning strategy based on the short term price direction. Would have been buying cheap the whole time…when next bull comes, knock it out of the park. You think ark will never be successful again or something? You think biotech sector will remain dead? Now’s the time to buy this chit and build a position.
People do the same chit with crypto. How many cycles do you have to go through before you get it….
BRT says:
June 7, 2024 at 6:30 pm
Arkk down 75 percent. DNA the. Dropped about 75 percent from 10 to 2. The. Another 75 when you talked about value from 2 to current price. If you started out with 100k and implemented you strategy, you’d be left with 1.5k. But the. After 100 percent gain from BONK, you’d be back up to 3k, another 96k to parity.
Brt,
Amazon never got beat down when it was an innovative company coming up in 2000? How bout tesla? How bout netflix? How bout apple? I can go on and on. Winners have conviction and aren’t scared to buy and hold during the bad times.
Pumpkin, your call was deflation had begun already…its still not happening. You don’t get to wait over two years and say you stand by your prediction. Your predictions failed, admit you were wrong again.
The Great Pumpkin says:
May 20, 2022 at 1:07 pm
Inflation had to peak already…all deflationary now.
We still haven’t had deflation, only lower inflation but still increasing, and your a teacher?????
I admitted it. I said I paid for it. Why do you think ark and dna got destroyed?
Jim says:
June 7, 2024 at 7:14 pm
Pumpkin, your call was deflation had begun already…its still not happening. You don’t get to wait over two years and say you stand by your prediction. Your predictions failed, admit you were wrong again.
Haaaaay: https://youtu.be/i2lA7KeO1dg?si=jvrMe5rB3dsTUVMb
Old Realtor – “Interesting fact”
Might want to check that fact, there have been hundreds of prosecution for lying on the form. Are you saying they were all felons or otherwise?
Interesting motion from Hunter’s attorney Abbey Lowell today to toss the case. Hunter’s $1500 an hour lawyer (who is paying that bill?) cited some 2A gun case to be possibly decided by soon by the Supreme Court about the applications of § 922(n) is a violation of the Second Amendment.
Lying on the form, well hundreds of prosecutions. Not everyone is a good liar, some leave a trail of destruction. So far Hunter’s ex-wife, his brother’s widow, his stripper ex-girlfriend have been called in this prosecution so far have said he was a full on crack head.
You know his own daughter got on the stand today. I don’t know if that helps or hurts.
Anyone who thinks he gets out of this one? Well I do. Jury nullification is possible for a son of the President and son of Delaware.
Jim,
Check out this analysis from moody’s. You explain to me how we had massive inflation with barely visible population growth…like I said, it is an anomaly. Supply chain bs by a crisis manufactured by the govt shutting down a good portion of the economy. This inflation is manufactured and not sustainable.
And yes, millennials overwhelming housing supply was a part of the current inflation bout, but does not explain it all. This was wild….
“Population Growth and Inflation
Abstract
This analysis investigates the relationship between population growth and inflation. Panel
models demonstrate a strong association between population growth and inflation in both
cross-country data and across a sample of U.S. metro areas. The metro area results are highly
robust, including an instrumental variable approach and long-run models using decadal
changes over 90 years of data. The metro area analysis suggests that the housing market is
the main mechanism through which population growth affects inflation, likely because of
regulatory and physical constraints that keep land and housing relatively inelastic in many
places. There is suggestive evidence that the relationship between population growth and
inflation is nonlinear, with population declines having a stronger effect than population
growth. This is consistent with relatively permanent housing stock that declines only slowly
in response to declining population. Overall, these results suggest that slowing population
growth can be a headwind for inflation and help explain why inflation has remained
stubbornly weak in some places.”
https://www.economy.com/getlocal?q=a7c139c0-2b8c-4abf-9b65-bd8b11392939&app=eccafile#:~:text=There%20is%20suggestive%20evidence%20that,stronger%20effect%20than%20population%20growth.
Interesting family D-Day story. My Wife’s grandfather was a 24 year old bomber pilot on that day.
Here is what he wrote in his mission diary.
Invasion Day. Third mission of the day. Could walk across the channel so many boats. Came back after dark with only a 200 ft ceiling – lucky.
I had the privilege to meet him and well attend his funeral. One of the crew is still alive today 103 years old.
It’s not a long term game if you make back to back to back -75% picks. That’s my point. The game is over unless you can 100x your remaining dollars.
Who said Beetlejuice? It was not me this time I swear.
4:14 probation. Nothing more. Don’t wanna freak out the Gun Nuts.
LAX – more wishful thinking? Look it up. I am unsure of the year but recent data shows the federal laws on this FORM in question kept nearly 400,000 firearms off the streets every year.
398,000 — were denied in 2020 and about half of those denials were because the applicant had a felony conviction, indictment or arrest. Drug use or addiction accounted for about 8.6% of the denials, according to the bureau.
The law is a maximum 10 years imprisonment and/or a fine not exceeding $250,000.
Why don’t you fill one out and find out? The government has always been serious about allowing weapons to be purchased by drug addicts.
Hopefully they will one day get serious about keeping firearms out of the hands of the rest of the nutcases walking around.