Stock Market/Investing/Day Trading/Speculative Trading Thread

[Faux Sean Callahan]

Shocker

 

[BingoDingo]

Ok.

 

[Faux Sean Callahan]

Explains a lot

 

[Toe]

Would suck to be Russia.

Trying to head off an inflationary price spiral as the ruble falls below one cent, Russia's central bank holds an emergency meeting and enacts a 3.5% rate hike, up to 12%. Second hike in less than a month.

In panic mode after ruble plunges below a penny, Russia rescues Vladimir Putin from humiliating currency collapse with emergency hike

The currency has now surrendered all of its gains from last year to plumb depths not seen since an investor panic in the early days of the war.

finance.yahoo.com

 

[BingoDingo]

Trying to head off an inflationary price spiral as the ruble falls below one cent, Russia's central bank holds an emergency meeting and enacts a 3.5% rate hike, up to 12%. Second hike in less than a month.

In panic mode after ruble plunges below a penny, Russia rescues Vladimir Putin from humiliating currency collapse with emergency hike

The currency has now surrendered all of its gains from last year to plumb depths not seen since an investor panic in the early days of the war.

finance.yahoo.com

That's a shame...

 

[dsbigred1]

At what price point is everyone buying HE?

 

[Pepe Silvia]

At what price point is everyone buying HE?

looking for a bounce if they get cleared of starting the fires?

 

[BingoDingo]

At what price point is everyone buying HE?

Yesterday's price, it seems lol.

 

[dsbigred1]

Yesterday's price, it seems lol.

The day is still young..

 

[Toe]

That's a shame...

 

[BingoDingo]

This is pretty wild...I don't think anyone really expects 5.8% real GDP growth, but July numbers are pushing consensus higher, that's for sure.

 

[Toe]

It's those YOLO spenders we've heard about that are propping up the economy by spending the last of their cash reserves at *squints* Walmart.

Walmart earnings smash expectations after weaker quarter from Target

Walmart's grocery business, e-commerce efforts, and guidance raise shone in its second quarter earnings.

finance.yahoo.com

 

[BingoDingo]

Excess savings "gone".

Excess No More? Dwindling Pandemic Savings

U.S. household savings rose and fell at unprecedented rates since the onset of the pandemic recession. Updated estimates suggest that only a small fraction of accumulated excess savings remains in the aggregate economy and that those funds are likely to be depleted during the third quarter of 2023.

www.frbsf.org

 

[Mavsker]

Sometimes I wish I could go back in time and invest like Bill Gates. Anyone got any leads on the next big pandemic?

 

[Toe]

Stating the obvious:

Vinfast Isn’t Worth $85 Billion, You Dorks

Vietnam's first big carmaker plans for a global EV rollout and 50,000 sales this year. But stock traders act like that's already happened.

www.thedrive.com

"On Tuesday, Vietnam's first major automaker Vinfast went public via SPAC, catapulting its valuation to $85 billion. That makes it more 'valuable' than any of Detroit's Big Three, more than VW, and more than four times what Rivian's valued at. It's lunacy. No, it's more than that. It's a reminder that the stock market is a fantasy world, where everything is made up and the product performance doesn't matter."

As of this writing, Vinfast is down over 31% just today.

 

[LoudHogRider]

Sometimes I wish I could go back in time and invest like Bill Gates. Anyone got any leads on the next big pandemic?

View attachment 26246

Bill is good. Paul Pelosi is GREAT!

 

[Faux Sean Callahan]

 

[Faux Sean Callahan]

 

[BingoDingo]

Anyone getting nervous with Yields? Sort of not cool...

 

[Faux Sean Callahan]

Not great Bob