I know some of you are interested in DIS:
OT: Stock and Investment Thread
- Thread starter RU05
- Start date
Bear Market Rally. We're likely in the sixth inning. July earnings guidance and CPI will be critical. If I had to guess, we're already in a recession, hopefully a shallow, brief one. But....
I guess I knew already but I’m anxious to move forward. We’ll have our answer in a month.
Last edited:
I’m thinking we’ll ride these big swings all summer and see where the data lands in the Fall. Wouldn’t be surprised if we give back todays gains early next week.
Now you are talking!
Every bear loses at the end of the day. The market is still massively oversold.
We just need that CPI inflection point and then we are off to the races! Be prepared.
Inflation nowcasting out of the Chicago Fed showing a tick up in inflation over last months reading. It's sort of like a real time inflation reading, but underestimated inflation so far this year (if I read the graphs correctly). Producer Price Index also at 10% and that's inflation in the pipeline. Real GDP from the Atlanta Fed (GDPNow) show 0% growth this quarter ... so, probably bear market rally during a few weeks where there's little financial news. But who knows, stranger things have happened, lots of money on the sidelines.
Last edited:
Down from a March high reading of 11.5% but its been over 10% since last November.
As long as it's moving in the right direction!
I held off buying today, most due to a busy work day. Will buy more on Monday with any dip. I get more and more excited about my leveraged ETFs!
Bottom for now. Let's see what happens when the S&P 500 once gets between 4000-4100
Last edited:
This maybe time to consider buying puts in YANG or call options in YINN. The catalyst could be coming in early July with some of the china tariffs up for renewal. Semiconductors are possibly affected by the tariff decision in July as well. Buy something close to the money. These are relatively thinly traded options.
Can someone explain yinn and yang to me.Puts in YANG? So you are shorting a leveraged short ETF? #bossin
Buying puts and shorting an equity, although betting in the same direction, are very different.Puts in YANG? So you are shorting a leveraged short ETF? #bossin
Ya I think we won't break those resistance levels...
... until we get a catalyst such as this.
Upgrade for the HOOD!
So the non-cash value of the company is $300m? LOL.
Robinhood upgrade to neutral from sell at Goldman Sachs. Fundamentals are “still very weak,” but now trading at $6.5 billion market cap versus its cash position of $6.2 billion and book value of $7 billion. Shares will remain range bound in near term with 19% upside over 12 months.
So the non-cash value of the company is $300m? LOL.
Robinhood upgrade to neutral from sell at Goldman Sachs. Fundamentals are “still very weak,” but now trading at $6.5 billion market cap versus its cash position of $6.2 billion and book value of $7 billion. Shares will remain range bound in near term with 19% upside over 12 months.
Investors have poured money into the $9.5 billion Ark Innovation ETF (ticker ARKK) for eight straight days, with the amount totaling $639 million, according to data compiled by Bloomberg. The last time there was that long a span of cash pouring in was in March 2021, about a month after the fund peaked.
Shares halted on report FTX looking to acquire them.Upgrade for the HOOD!
So the non-cash value of the company is $300m? LOL.
Robinhood upgrade to neutral from sell at Goldman Sachs. Fundamentals are “still very weak,” but now trading at $6.5 billion market cap versus its cash position of $6.2 billion and book value of $7 billion. Shares will remain range bound in near term with 19% upside over 12 months.
Ukraine at tip point...about to lose refinery as Russia closes "the kettle" with artillery pulverization. US weapons "mysteriously" don't quite make it up the line - but they have been seen in Syria after being bought in Ukraine. The oligarchs and mafias having a good time. US forces/CIA sneaking around
Last edited:
I think selling is their best option. Having said that, I wouldn’t acquire the company—too any unknowns and regulatory issues that won’t be uncovered in any due diligence since much of it is ongoing. I don’t know the statistics but I wonder how many customers they lost in the past year or so between the correction in the market overall and other factors.
Could be. But I have no idea of possible liabilities related to potential penalties, law suits, derivative suits, maybe accounting issues, etc. Never wanted to touch it, still wouldn’t.
No idea either.....regarding future liabilities.
And if payment for orders flow goes away, so does a majority of their income.
Energy and a handful of utilities (surprisingly) green and the rest red. Tech deep red.
I don’t think a give back of last week is completely unexpected. Market was oversold and got a nice bounce and there was some moving average support it bounced right off of too. It was at some resistance before today and was rejected for now. Thought it might get through this area, and it still might, and then challenge the 50 DMA and get most likely get smacked down there. Someone posted a bear market rally and 4000-4100 area (vicinity of 50DMA) would be challenging and I liked (agreed) that post. I don’t think we’ve seen the bottom yet so whatever rally we end up seeing isn’t likely to be long lived imo and I mentioned that above.
NKE had earnings which I actually didn’t think we’re too bad given the environment but not gangbusters and growth and guidance somewhat muted. It along with other retail were taken down.
DIS extended the contract of the CEO but can’t say I cared for that bit of news as I don’t think he’s that good to date.
Last week, the S&P short-term oscillator hit -10. The most oversold condition since March 2020. Wow!
As long as we don't bounce too tomorrow morning, I will do another round of buying.
Likely just a move to protect the stock price. He is on a very short lease and can be dumped at any time.
Ukraine at tip point...about to lose refinery as Russia closes "the kettle" with artillery pulverization. US weapons "mysteriously" don't quite make it up the line - but they have been seen in Syria after being bought in Ukraine. The oligarchs and mafias having a good time. US forces/CIA sneaking around
Russia controlled a portion of the territory they currently control before the invasion, and another large chunk was already contested. It's 4 months since the invasion and they have modest gains at best.
US citizens crowing about Russia's "success" in Ukraine is hard to understand.
This is a good article for those folks that are doing or considering doing conversions from tIRA money to a Roth IRA. Essentially, the point is that market declines are often good opportunities for conversions.
Edit: I should mention that two points the article doesn’t adequately address are that your marginal tax rate could increase down the road either because the government raises rates and/or you or your spouse passes leaving the survivor with a higher single marginal rate and possible large RMDs for a tIRA.
Edit: I should mention that two points the article doesn’t adequately address are that your marginal tax rate could increase down the road either because the government raises rates and/or you or your spouse passes leaving the survivor with a higher single marginal rate and possible large RMDs for a tIRA.
Last edited:
I will be moving to a Roth 401k option soon. Just waiting to see if the SECURE 2.0 act passes this summer, which would allow company matches to be paid out as after-tax Roth contributions. Also, we may transition our plan to Fidelity in a few months. Once the dust settles, we are going Roth.
Good plan. Keep in mind, though, that as a high income earner you may benefit from a mix of Roth and tIRA/401k, the latter giving you some tax deductibility in a high income year.