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#14451

Breaking Analyst Releases Apple 2024 projection.....

 

We can say with ABSOLUTE certainty Apple shares will be in the range of 0 and  ∞  in 2024.

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#14452
1 hour ago, Incredulity said:

Breaking Analyst Releases Apple 2024 projection.....

 

We can say with ABSOLUTE certainty Apple shares will be in the range of 0 and  ∞  in 2024.

Yeah, well Infinity divided by zero is undefined  

#14455

Everybody always asks what happens to BRK when Warren dies but turns out he outsurvived his buddy Charlie Munger

#14456
On 11/22/2023 at 9:54 AM, Wally Fairway said:

Heads up to those who use the Reverse Wally market indicator - I have sold my itm BRK.B 1/19/24 calls and taken those funds to reinvest in 6/21/24 and 1/17/25 $400 calls.

This is almost certain to cause a near term drop in the price of  Warren & Charlie's playhouse.

Holey Shit - I think I killed Charlie.
I have thought of the two of them as an old married couple, I hope that Warren doesn't die from losing his compatriot. 

#14459

Brother you post links that mention fund managers people have never heard of from firms nobody knows, constantly. I almost gave you pos rep for just posting something from Deutsche Bank.

#14460

Markets falling like whoa? Not in November. All 3 major indices kicked ass this month. 

In the last 30 days:

Nasdaq 12789->14226 (+11.15%)

SPX 4166->4567 (+9.6%)

DJIA 32928->35951 (+9.15%) 

Nasdaq and SPX are back to just 1% below their high-water marks for the year. Dow is at its highest level in 23 months. 

 

#14461
23 minutes ago, Storm the Field said:

Markets falling like whoa? Not in November. All 3 major indices kicked ass this month. 

In the last 30 days:

Nasdaq 12789->14226 (+11.15%)

SPX 4166->4567 (+9.6%)

DJIA 32928->35951 (+9.15%) 

Nasdaq and SPX are back to just 1% below their high-water marks for the year. Dow is at its highest level in 23 months. 

 

tsx pix 2019-1129 hunt for red october 750 - The Sports Examiner

#14464
2 minutes ago, HRSchenker said:

I thought the Alaska Airlines purchase of Hawaiian Airlines was awesome. Why is ALK getting crushed this morning? It's down 15%! WTF!

It's almost like stock prices are driven more by speculation than actual fundamentals, or something

#14466
1 hour ago, HRSchenker said:

I thought the Alaska Airlines purchase of Hawaiian Airlines was awesome. Why is ALK getting crushed this morning? It's down 15%! WTF!

 

1 hour ago, Captainant said:

It's almost like stock prices are driven more by speculation than actual fundamentals, or something

I am thinking it may have something to do with paying $18, for a company whose stock was trading under $5 for the last couple of months

#14467
57 minutes ago, Wally Fairway said:

 

I am thinking it may have something to do with paying $18, for a company whose stock was trading under $5 for the last couple of months

Hey, my stock paid a 1% dividend and now the stock is down 1%!!!! WTF!!!!!???

 

"Those greedy stock manipulators have done it again!!!!"   

#14468

https://www.cnbc.com/2023/12/05/wells-fargo-ceo-warns-of-severance-costs-as-layoffs-loom.html

  • “We’re looking at something like $750 million to a little less than a billion dollars of severance in the fourth quarter that we weren’t anticipating,” Scharf told investors.
  • That expense is an accrual for worker layoffs that Wells Fargo expects to make next year, according to a spokeswoman for the bank.

 

 

#14469
30 minutes ago, Incredulity said:

https://www.cnbc.com/2023/12/05/wells-fargo-ceo-warns-of-severance-costs-as-layoffs-loom.html

  • “We’re looking at something like $750 million to a little less than a billion dollars of severance in the fourth quarter that we weren’t anticipating,” Scharf told investors.
  • That expense is an accrual for worker layoffs that Wells Fargo expects to make next year, according to a spokeswoman for the bank.

 

 

Serious question out of genuine curiosity and no judgement: why do you so frequently post negative news like that?

#14470
15 minutes ago, Snake Diggity said:

Serious question out of genuine curiosity and no judgement: why do you so frequently post negative news like that?

My view of this thread is it is a combination of:

1.) Commiserating with other posters when the "market is falling like whoa" .  Also celebrating new highs(moneytoburn.gif here)

2.) Sharing of current economic news.

 

This story struck me when I was scrolling through Google Finance and was shared with the intent of current news.  I don't believe my posting history in this thread is weighted only to negative.  

 

My current market opinion:  We seem to be bifurcated by industries that are doing very well(Services, Travel, Leisure) and industries that are significantly challenged(Manufacturing, Finance).  I am surprised that the very rapid run up in rates hasn't yet had a broader economic data impact. 

Maybe we soft land, maybe we crater...who the fuck knows.

 

#14471

How is that negative news? Severance money goes into the economy and circulates! People get money and a new job, it's a win win!

#14473

It's not exactly news that the banks are stressed.  I recently posted news about the banks' unrealized losses on their balance sheets and the Fed's btfp program and Surly was all ad hominems and crickets (excepting one lonely voice that engaged the subject with intellectual honesty).  Some folks just don't like dealing with reality.

From ~2 weeks ago:

Finance Layoff Announcements in 2023:- Citigroup 7,000 employees- Goldman Sachs +4,000- Farmers Insurance 11% of workforce- Robinhood up to 7%- Charles Schwab up to 6%- Wells Fargo 5%- Ally Financial up to 5%- Morgan Stanley up to 4%- Bank of Nova Scotia 3%- RBC 1-2%…

 

#14475

About time these bloated financial services companies start trimming the fat.

Start with the A-L for all the different VPs. Assistant VP, Associate VP,  Deputy VP, Executive VP then move down to Director.

#14476

That’s not how it will go though.  It’ll be the IT department first, then clerks, then maybe some HR losers.  No management will be harmed.  Maybe some early retirements.  Banks fucking suck ass.

#14479
39 minutes ago, StassneyHorn said:

Recruiters get it first, IT gets it last cause they have the passwords

Tell me you've never worked in a large enterprise without telling me. Salaried developers are expensive, and you can hire a shitload of overseas contract devs for the cost of a few salaried employees. I've seen more than one org punch itself in the dick because they were too excited to fire folks without making sure they got all the necessary tribal knowledge documented

Edited by Captainant

#14480

Worked at Schwab but never in a tech role. Worked maybe 30 minutes in the morning, then an hour breakfast downstairs, 2 hour lunch, 45 minute- 1 hour nap in a different building and I received a Key Contributor Award.

Communicating requirements to contracted freshers is a needle in the dick.

”Do you have a moment for a quick chat on this ticket?”

*spend 30 minutes not being able to get past an accent and they still can’t pin down what they got wrong*

Edited by StassneyHorn

#14481
1 hour ago, StassneyHorn said:

Recruiters get it first, IT gets it last cause they have the passwords

And the boss's work computer's search history.

#14482

The market is drifting lower, maybe sliding; or conversely it is being affected by selective tax loss harvesting trades. 
Your guess is as good as mine, or anyone elses.

#14483
6 minutes ago, Wally Fairway said:

The market is drifting lower, maybe sliding; or conversely it is being affected by selective tax loss harvesting trades. 
Your guess is as good as mine, or anyone elses.

I heard some talking head on CNBC in late OCT say that November would bounce due to annual November fund rebalancing.   No idea if that is the root cause of Nov bounce or not for certain.  

#14484
On 12/4/2023 at 9:05 PM, Trey3216 said:

Hey, my stock paid a 1% dividend and now the stock is down 1%!!!! WTF!!!!!???

 

"Those greedy stock manipulators have done it again!!!!"   

DYK that when securities are tradeable, their traded prices change as different people speculate on their future value?!?!?!??!

someone please inform the SEC!!!!

#14487
3 hours ago, Storm the Field said:

S&P at about a 90-week high dating back to Spring Break '22. Up about 33% since bottoming out in mid-October last year.

GBLEgUNWMAAgM_G?format=png&name=large

 

YARN | You arrogant ass, you've killed *us*! | The Hunt for Red October  (1990) | Video gifs by quotes | 1552d64d | 紗

#14488
3 hours ago, Storm the Field said:

S&P at about a 90-week high dating back to Spring Break '22. Up about 33% since bottoming out in mid-October last year.

GBLEgUNWMAAgM_G?format=png&name=large

 

We’re either in leg 3 extension of a run up or we’re gonna make a spectacular head/shoulder pattern here.  

#14489
10 hours ago, Trey3216 said:

We’re either in leg 3 extension of a run up or we’re gonna make a spectacular head/shoulder pattern here.  

if santa dont rally we finna beat his ass

#14491
17 minutes ago, bernorange said:

Powell speech today @ 1:30 CT:

https://www.federalreserve.gov/live-broadcast.htm

I will repeat my mantra - shut your whore mouth Mr JPow. 

We all know he will say that the Fed will continue to be cautious; remain diligent in the effort to constrain inflation and he will even hint at a the idea of continuing to hike rates into the first 1/2 of 2024.
Then when he is done talking, he will see if he can close out the puts he bought this morning.

#14494

Committee currently thinks rates could drop to 4.6% by end of 2024 - so a .5 to .6% cut across 2024.  JPow said that committee did discuss a timeline on when it would be appropriate to start cutting rates. That's the first time they have acknowledged such a discussion.

 
#14500

I'm certainly glad I shifted my 401k allocation and contributions to 50% S&P500 and 50% Russell 2k about 3 months back.  

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