Markets still falling like whoa

[Aqua Buddha 14,655]

WMT comp sales up 4.5% for Q2.  That's YUGE for them.  Shares up 10% in premarket.

[Washpark 176]

What companies have been crushed by the potential trade war? I'm optimistic this is resolved and would expect a bounce back in those stocks. 

[Wally Fairway 5,600]

https://www.bbc.com/news/business-45243088

Greece emerges from bailout. I have to say that I was concerned when Greece was reported to be on the brink of economic collapse. As it would likely have so strained the Eurozone banking institutions that other dominos to fall. 

[Goofyboy 3,313]

I have a friend that has a micro business (less than $10 million a year) and the trade wars have hit them hard. They have to raise prices, but so will everyone else. They went from $500 to $16,000 in tariffs and taxes on a shipment that was exactly the same as previous shipments.

[El Diablo 4,232]

3 hours ago, Goofyboy said:

I have a friend that has a micro business (less than $10 million a year) and the trade wars have hit them hard. They have to raise prices, but so will everyone else. They went from $500 to $16,000 in tariffs and taxes on a shipment that was exactly the same as previous shipments.

Rubber dog poop prices are outrageous.

[Buffsoldier 1,895]

24 minutes ago, El Diablo said:

Rubber dog poop prices are outrageous.

[Pato del Muerto 52,884]

Check out LCI today. Dropped some bad news this morning and paid dearly. 

When I started working here in 2015, the stock was around $50. 

[Trey3216 15,380]

4 hours ago, Pato del Muerto said:

Check out LCI today. Dropped some bad news this morning and paid dearly. 

When I started working here in 2015, the stock was around $50. 

Damn.  60% is tough 

[Pato del Muerto 52,884]

12 minutes ago, Trey3216 said:

Damn.  60% is tough 

I took a severance last month. At the end of September, all of my unvested restricted stock gets accelerated and paid out.  Great timing. 

[bernorange 8,375]

11 hours ago, Wally Fairway said:

https://www.bbc.com/news/business-45243088

Greece emerges from bailout. I have to say that I was concerned when Greece was reported to be on the brink of economic collapse. As it would likely have so strained the Eurozone banking institutions that other dominos to fall. 

Thanks, but I think the proclamation is premature.

Still 19.5% unemployment (~45% for young adults).  Debt at 180% of gdp.  Interest on debts at 2.2% of gdp and expected that debt payments will continue until 2060.  

[Trey3216 15,380]

14 minutes ago, Pato del Muerto said:

I took a severance last month. At the end of September, all of my unvested restricted stock gets accelerated and paid out.  Great timing. 

I’m very sorry to hear that.    Damn.  That’s a difficult situation 

[El Diablo 4,232]

I want to invest in Malaysia, outside of the airlines they seem to have their shit together.

[bernorange 8,375]

9 hours ago, bernorange said:

..  Interest on debts at 2.2% of gdp and expected that debt payments will continue until 2060.  

Sorry, I read that wrong last night.  BBC actually said:

Quote

... it must keep strict control over its public spending, running a budget surplus, before interest payments, of at least 2.2% of GDP until the year 2060.

With serious questions over its ability to manage, some analysts predict it will still be paying off its current debt after 2060.

...

 

[jimmyjazz 46,479]

SPY sets new high, S&P is getting close.

[Rusty Shackelford 414]

S&P within one point of ATH, we'll see how long it takes to cross that line

[Rusty Shackelford 414]

That didn't take long

[52-80 19,281]

i may or may not have put a small-but-not-insignificant amount of speculation money into hmny that has now pretty much gone to zero

 

:-x

[HouTex 1,901]

43 minutes ago, 52-80 said:

i may or may not have put a small-but-not-insignificant amount of speculation money into hmny that has now pretty much gone to zero

 

:-x

I made that mistake several times over the years.  The few homeruns I hit almost certainly did not make up for my losses.  Now I rarely invest in individual stocks.  

[Anastasis 23,514]

24 minutes ago, HouTex said:

I made that mistake several times over the years.  The few homeruns I hit almost certainly did not make up for my losses.  Now I rarely invest in individual stocks.  

I swore off biotech forever about 5 years ago. I don't bet even large pharma anymore. Best performance YTD in my play money account is SP ETF (VOO) bought on dips when trade shit was causing people to get all worked up. 

Edited August 21, 2018 by Anastasis

[bernorange 8,375]

On 3/25/2018 at 1:24 PM, Llano Estacado said:

...

Tin foil hats and economic reality and the total perspective vortex. 

 

Discuss. 

Oh wow... I'm used to reading these things from the BRICS, but Germany?
 

Quote

Germany's foreign minister has called for the creation of a new payments system independent of the United States as a means of rescuing the nuclear deal between Iran and the west that Donald Trump withdrew from in May.

Writing in the German daily Handelsblatt, Heiko Maas said Europe should not allow the United States to act "over our heads and at our expense."

"For that reason it's essential that we strengthen European autonomy by establishing payment channels that are independent of the U.S., creating a European Monetary Fund and building up an independent Swift system," he wrote.

Maas' intervention was the "strongest call yet for European Union financial and monetary autonomy vis-a-vis U.S.,” said Thorsten Benner, director of the Global Public Policy Institute, a Berlin-based think-tank. ...

http://gata.org/node/18442

[Rusty Shackelford 414]

S&P 500 still unable to close above January high. Maybe by September...

[Trey3216 15,380]

On 8/21/2018 at 4:30 PM, 52-80 said:

i may or may not have put a small-but-not-insignificant amount of speculation money into hmny that has now pretty much gone to zero

 

:-x

Down another 30% today!!  

[52-80 19,281]

1 hour ago, Trey3216 said:

Down another 30% today!!  

literally cost more in fees to sell it than it's worth

[Trey3216 15,380]

18 minutes ago, 52-80 said:

literally cost more in fees to sell it than it's worth

Yep 

[hornbri 1,467]

32 minutes ago, 52-80 said:

literally cost more in fees to sell it than it's worth

That is a special level of shitty 

[T’Boo Ted Marshall 2,741]

AMD you stop your madness.

[52-80 19,281]

16 minutes ago, hornbri said:

That is a special level of shitty 

i also zeroed out before on a greek shipping company, and when american airlines chapter 11'ed

[Trey3216 15,380]

2 hours ago, T’Boo Ted Marshall said:

AMD you stop your madness.

I love it. 

[T’Boo Ted Marshall 2,741]

I don’t since I’m on the sidelines with my dick in my hand.
Even worse when one of my best friends told me to get in around 13.

[Trey3216 15,380]

1 minute ago, T’Boo Ted Marshall said:

I don’t since I’m on the sidelines with my dick in my hand.
Even worse when one of my best friends told me to get in around 13.

I’m in for 4500 at 10.18 

[T’Boo Ted Marshall 2,741]

Now you’re just being rude.

[Trey3216 15,380]

3 minutes ago, T’Boo Ted Marshall said:

Now you’re just being rude.

Well, it’s money from when I sold NVDA at 60 from 27.   So I’m still fisted 

[Goofyboy 3,313]

What the hell happened to AMD? They were a terribly run company for a long long time. What did they do to improve?

[jimmyjazz 46,479]

Just for fun . . . a linear regression on the S&P 500 from the bottom (early March 2009) until now.  Getting through the all-time high is proving to be a bit of a challenge but hopefully we'll close there soon:

[Yarbr 123]

12 hours ago, Goofyboy said:

What the hell happened to AMD? They were a terribly run company for a long long time. What did they do to improve?

New baller CEO.

[elfenix 34,387]

What the hell happened to AMD? They were a terribly run company for a long long time. What did they do to improve?

AMD promoted Lisa Su and hired some engineering talent and built a high performance x86 core, which it released last February. Also, graphics cards selling for absurd prices during the crypto boom didn't hurt.

[Goofyboy 3,313]

Good for them. I always liked AMD products. Just mad I didn’t invest when they were $1.50. They were just so poorly run.

[Bone3421 716]

HMNY reported "earnings" today - a loss of $83.7 million on revenues of $74.2 million for the quarter, for loss per share of $132/share (better than $198/share the prior year)
https://www.marketwatch.com/story/moviepass-parent-company-reports-large-losses-stock-continues-plunge-2018-08-14
Notes -
 (1) EPS and other data reflects the 250:1 stock split this year.
 (2) HMNY is now trading at 4¢ ... down from a split adjusted 52 week high of $9,714/share

So time to buy low

[Smax 3,800]

5 hours ago, elfenix said:

17 hours ago, Goofyboy said:

What the hell happened to AMD? They were a terribly run company for a long long time. What did they do to improve?

AMD promoted Lisa Su and hired some engineering talent and built a high performance x86 core, which it released last February. Also, graphics cards selling for absurd prices during the crypto boom didn't hurt.

 and poor decision making by intel

[jimmyjazz 46,479]

On 8/21/2018 at 9:04 AM, jimmyjazz said:

SPY sets new high, S&P is getting close.

There we go.

[JBJ 3,684]

6 hours ago, elfenix said:

AMD promoted Lisa Su and hired some engineering talent and built a high performance x86 core, which it released last February. Also, graphics cards selling for absurd prices during the crypto boom didn't hurt.

The cryptoboom was real and I rode it up.

I don't think the AMD bump is sustainable.  Intel hit a series of bad bumps (security vulnerabilites, CEO resigning) and AMD is really selling their new CEO. 

However, the Ryzen is fluff.  It's still gets outperformed by Intel processors and with less power consumption.

Edited August 24, 2018 by JBJ

[luke duke 6,420]

Rubber dog poop prices are outrageous.

[capnamerca 572]

3 hours ago, JBJ said:

However, the Ryzen is fluff.  It's still gets outperformed by Intel processors and with less power consumption.

We have literally three full cycles of historical data to prove this out. No one out competes Intel, especially after a downtown (and especially one that's self-inflicted). That's not to say that AMD makes bad product, they're just not the giant killers that people think they are. Take your profits now, and buy Intel.

[Celery Man 21,027]

 and poor decision making by intel

Este. Another thing in the news this week about Intel including a line in their license disallowing the publication of benchmarking results (probably because the performance impact of the spectre/meltdown patches).

[Anastasis 23,514]

AMD

[Wally Fairway 5,600]

Markets continued falling - Dow crosses 26,000, NASDAQ crosses 8,000, S&P 500 approaching 2,900 (steps away from 3,000)

[Trey3216 15,380]

55 minutes ago, Wally Fairway said:

Markets continued falling - Dow crosses 26,000, NASDAQ crosses 8,000, S&P 500 approaching 2,900 (steps away from 3,000)

Don't forget, HMNY approaching .03!!  

[Fudge Nuggets 19,276]

On 8/24/2018 at 1:47 AM, T’Boo Ted Marshall said:

I don’t since I’m on the sidelines with my dick in my hand.
Even worse when one of my best friends told me to get in around 13.

Way back in the 1990's I got into AMD around $5 or something stupid like that, rode it up to $90 during the dotcom craziness then rode it all the way back to around break even.  It takes skills to pull that shit off.

Year or so ago a friend of mine told me to get in AMD at $10 and said it was going to $20.  I put the grand sum of jack shit into it.  Can't complain because same friend told me to get into STM years ago when it was around $7 and I rode it up to over $20 where I sold half. 

Latest from my "guy" is ERIC.  He seems to think they will kick all sorts of ass when 5G becomes the next rage.  I started a position at $6 and added a little more here and there.

[Fudge Nuggets 19,276]

On 8/23/2018 at 11:05 PM, 52-80 said:

i also zeroed out before on a greek shipping company, and when american airlines chapter 11'ed

My degenerate Las Vegas style trading account is riddled with tickers in the portfolio that end in 'Q' - as mentioned above it would cost more to sell them than what they are worth.  Thankfully I understand I can't trade / invest for shit and use that particular account for "entertainment purposes" only.  Only the most vile, toxic waste pieces of shit are bought and I'll dabble in the 3x leveraged ETFs from time to time as well.

The real retirement account is safely locked away where I just put a set amount into a stock index fund every month and forget about it.

[Rusty Shackelford 414]

My degenerate Las Vegas style trading account is riddled with tickers in the portfolio that end in 'Q' - as mentioned above it would cost more to sell them than what they are worth.  Thankfully I understand I can't trade / invest for shit and use that particular account for "entertainment purposes" only.  Only the most vile, toxic waste pieces of shit are bought and I'll dabble in the 3x leveraged ETFs from time to time as well.
The real retirement account is safely locked away where I just put a set amount into a stock index fund every month and forget about it.

I do the same thing, $1k into Robinhood keeps me entertained with some really stupid “investments” without risking my actual retirement money.