CorbLand
WKR
- Joined
- Mar 16, 2016
- Messages
- 7,696
GTE is the gift that keeps on giving...me nightmares.My ass still hurts from GTE, so I'm steering clear for now. Well, except for my PBR and PBR.A
GTE is the gift that keeps on giving...me nightmares.My ass still hurts from GTE, so I'm steering clear for now. Well, except for my PBR and PBR.A
I'm only down 65% on that one. IMPP is my nightmare a long with many othersGTE is the gift that keeps on giving...me nightmares.
I checked yesterday and my brokered cd's were at 5.35, secondary market treasuries 5.23, taxable munis 5.25 and 3 year fixed annuity 5.38.I post here a lot, but disclaimer should be obvious that I'm not a millionaire and what do I know. It's just fun to talk about this stuff and get other peoples' thoughts on it. That said, good day for oil stocks despite crude prices kinda just winding up flat -- PR got back up to about $10, CVX hit $156. I also made a little wager today I've been thinking about for a couple weeks now which is a small position of SQQQ to short the NASDAQ. NASDAQ feels "toppy" to me right now, at least local top, and more and more articles coming out the last day or two about expect a NASDAQ pullback, now's the time to take profits, etc. But my small bets right now (outside of 85% of my brokerage being in SWVXX MMF just safely earning about 4.6% after expenses) are on oil rising, NASDAQ falling.
With so many high interest savings accounts at rates from 4-5% now, I have a hard time locking money down in CD's.I checked yesterday and my brokered cd's were at 5.35, secondary market treasuries 5.23, taxable munis 5.25 and 3 year fixed annuity 5.38.
It's a good time to get money out of a cash position and into something at least!
I'll suggest this book as a good place to start.A question for those of you who post on this thread regularly, and I know this has probably been asked quite a bit and I apologize for that but I’m looking to learn more about the stock market and I was wondering if there is a podcast or YouTube channel you guys would recommend to help me do so.
A friend of mine recommended The Stock Guy but I wanted to also pose the question here to see if there might be something better.
Don't go to YT to learn about the market.A question for those of you who post on this thread regularly, and I know this has probably been asked quite a bit and I apologize for that but I’m looking to learn more about the stock market and I was wondering if there is a podcast or YouTube channel you guys would recommend to help me do so.
A friend of mine recommended The Stock Guy but I wanted to also pose the question here to see if there might be something better.
Yeah, wish I’d bought NVDA about $150 a share ago. Pretty pricey now.My bet on oil has been a good one so far, PR and CVX doing well since I bought. My bet to short the NASDAQ has gone laughably sideways. The NASDAQ rises on all news right now, good and bad, every day just a constant march higher. So good to anyone that got in on that play early enough.
Also not an economist, or financial advisor, or professional stock trader. However, I'm worried that house prices won't necessarily even come down. I don't know how common this is nationally, but around where I live the housing supply is so far short of where it needs to be that prices haven't dipped yet. They went flat for a short period over the winter, then started rising again when we got into the spring.Disclaimer; I’m no economist.
My thought is that even with higher interest rates inflation will be persistent. Some components will come down that are real estate related; Home values for sure.
Personally I don’t trust the politicized Fed agencies that exclude the key components in the avg families budget; food and energy
The policies that are making it harder and more costly to do business with more red tape literally has to drive up the costs of goods and services. Thus, I’m not selling my Oil related investments as this is a tangible product. The current regime is trying their best to make oil related commodities worthless but I think we will see an event or demand prove this wrong.
FWIW, I’m not loading up on oil but holding the decent sized position I already own.
I’m just going to plop this here. I like to look at bellwether companies as an indicator on the direction of where the economy is heading.
Not good news on where things are going from Nike.
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The sneaker and apparel company reported its first earnings miss in three years as margin pressure reduced profits.
Nike reported adjusted earnings per share of $0.66 vs. the $0.67 expected. Revenues of $12.83 billion topped the expected $12.50 billion.
Unfortunately, the company could not progress on reducing its bloated inventory levels, with them coming in flat YoY at $8.5 billion. Gross margins fell again this quarter, dropping 1.4 percentage points to 43.6%. Driving that decline was higher product input costs, elevated freight and logistics expenses, greater promotional activity, and unfavorable currency exchange rates.
Thats not me saying that...its Nike management....read that everything is cutting into their margins...which is the case in my businesses...... and probably every business across the country.This is interesting, especially the last part “unfavorable currency exchange rates.”
Are you saying China was giving the poor exchange rates or the buying power of USD has dropped or maybe both?
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