/biz/ - Business & Finance

>>57393507
Finished all work yesterday so I got nothing better to do. Extremely disappointed with BG3 and got nothing to play. Live in a boomer village of 1500 people where every girl under the age of 30 has loads of tats. /smg/ is my home today.
>>57393524
TI will not drop more than 3% today. Hell, it might even retrace back to 0% and then end -1% today.
Guidance for ASML doesn't matter. We are looking so far into the future where AI has taken over the world and everyone has infinite money. Market pooooomp

>>57341148
Yeah but this company is one with an insanely low PE. It has huge net profits every year and basically no losses. Also a very small debt.
As such they should be paying pretty substantial taxes, no?
Fuckin hell I gotta pay 50%+ taxes while a company making 60m/quarter owes negative tax. Feels good man
Luckily I own stocks in that company so I am at least getting something

>If you had bought NVDA basically at any point before 2017, you'd have +12000%
Regretfully I started slurping during Covid. Mere 3 years and it's up +750%. How crazy is that? No wonder this shit is the best inflationary hedge and the best way to confidently increase wealth. You put in a little bit and you get a huge chunk in return

happy birthday >>56935549

>>56888324
Yes, 74 is my target for brent. Heh, I am gonna regret it, aren't it?

And yet they beat estimates yet again. More revenue, higher traffic, more sales. People have more money than it seems. Who would have thought that decade+ of ZIRP or close to zero interest rate policy would make people rich?
Consooomerism is at ATH despite apparently "restrictive" economic policy

>Oil gigadown
>Copper gigadown
>Gold falling
>DXY neutral
Just what is going on? Finally the effects of the "war" kicking in? As in the big money has finally realized that the war was a complete scam and nothing really happened?
If there are fears of recession, I would think Gold would hold up pretty well but not so much. Copper is dead in the water, that much is clear.
Interesting that oil companies are still holding up so well. Exxon is barely even down, Shell doesn't give a crap about oil, Chevron neither... weird

>>56592129
>Unrealized losses
COme on m8. Literally doesn't matter

>>56571558
And yet people are buying and slurping. How long can this continue I wonder? And now food prices went up again in my Scandipoor country. Yet, nobody seems to care.
November + December bullish. I am out after that. I fully expect the market to keep pumping after that though. I suspect a dip and un-employment to rise starting Q2 2024.
>EU is weaker
Always has been. With the exception of some few select good companies like Novo, LVMH, and some others like ABB, Alfa Laval... that can rival the performance of US stocks

>>56539668
This still ticks me off. How did anyone fall for this? Is it really that easy to fool people? Heh, who am I kidding? Most people are gullible as hell
Damn, JPow completely crushed any bobo dreams about some sort of crash. Now, they can't even turn to bonds as an excuse. There is quite literally no bobo thesis left, holy crap. Apple will solidify the strong consumer spirit and we'll get an insane Santa rally, feels good bros

>>56516103
That's what I am mainly looking at. I really enjoyed working in research. But alas, it really is underpaid like crazy. I slogged my way through uni and worked as a full time (70h/week) research assistant just so I can get a smaller salary than someone cleaning apartments (not saying it's not important).
>>56516098
That's gross. Pathetic right? And that job requires a Master's. In the US you would expect at least double that.
>>56516137
Lab manager/researcher. Hopefully I'll hear back from Tesla regarding battery engineering because they pay really well. I have been searching for along time so I'm gonna have to take what I can get.
Switzerland is the only country that pays really really well in research related jobs but I haven't found many jobs there.
Neighbors like CZ? They offered me such a pathetic salary that I couldn't even believe it. Less than half of that I would get in Sweden when expenses are about the same.

Normies are lucky they had those 10 years of zero rates where they could accumulate so much free money to store as a buffer. I have no idea how a new man on the market is supposed to make it. Let's say you get 3.5k/month, taxes are 50-60% and you gotta pay for a crap apartment and supremely expensive food (food inflation in most of Europe is still around 8% or more). How do you then afford to put money into the market? How can you make it?

>>56506404
>Ignoring the long term trends
Broooooooo. But on an honest note, nobody knows what is gonna happen. But I do know that the US economy is gigastrong and is showing signs of accelerating growth. Earnings have been excellent (as expected due to inflationary price gouging) but guidances so far have been kind of ok-good. AMZN managed to stall the downward momentum, demonstrating the consumer is indeed very strong. MSFT was insanely strong.
And we are heading to a Santa rally. I don't think the markets can fall that much more to be honest. Oil and gas are very cheap (adjusted for inflation) and commodities have also fallen dramatically.
JPow is a chicken though so he'll probably choose NOT to hike but instead to hope the lag effects take care of the inflation (idiotic but what can you expect from a bureaucrat)

>US dumps again
>Asia gigapumps
>EU futures nicely green
Absolute kek. I am guessing a slight dump in the EU to price in the US dump and then gigapump as the PCE comes in neutral.
Also wtf was that US GDP data? Supported by strong consumer numbers... and bears told me last year that consumers/normies would be throwing themselves out the window if rates ever were to go 4%+. Shows what people know about the economy

>>56437452
I am trying to bait that anon who posted the original image. He was referring to some youtuber but after checking that out I still have no idea where he got that information from.
I wish he would provide more information on this since this really is damn important and interesting.
Once could easily time the market if one knows the FED is injecting massive amounts of liquidity again (which they are)

>>56392180
>>56392180
Yeah bro, never mind that I am up +500% on my NVDA but whatever. I suck at predicting the tops so I won't get into shorting. Good for you though.
Hell, even I think that NASDAQ is overvalued but the retard strength has powered through and has persevered. I just know that I would get fugged if I tried shorting now.
I wonder if anyone has ever tried shorting Eli Lilly, the single strongest stock in the world?

>Bonds falling through the floor
Just what the f3gg? Disgustingly manipulated market. Yeah, we are so back bullbros. Not even the Dow looks bearish anymore. Europe is pumping, Asia is pumping, and the CPI is gonna come in cool... I foresee good +3-5% on the S&P by end of this week
/smg/ shorted the bottom yet again. A clear trading bottom was established last week

>>56302044

>>56299751
Riiiight. I get taxed almost 70% or maybe even more since every item on sale here includes an additional tax and I pay more than $8/gallon for gasoline and even more for diesel. I remember when I visited the US (prior to Covid) and it was heaven. Cheap, hospitable, and nice people.
Europoors are completely fugged without loans. Literally everyone here has a massive mortgage that they will pay off by the time they are 80 (or it's passed down to the next generation which also happens)

>Last time Pepsi was this oversold was during Covid
Wtf is happening? I get it is kind of semi-overvalued but holy crap is it falling through the floor. Insiders selling out because of poor earnings? That doesn't seem likely
>>56290816
Bonds? Free and guaranteed 5-6% per year? Not too shabby

>>56280000
checked

>People not understanding that October is typically the most volatile month of the year
Brooooos, come on. The only ok-looking index is the NASDAQ which can easily defy this trend and start mooning should something happen.
The Dow is fugged and has locked into a bad trend. It has completely reversed all the gains this year and is in the red for this year.
I just want some quality companies to drop but they won't budge. Fuckin Caterpillar, MSFT, Amazon, and so on just won't move down. Lockheed Martin looks interesting though.

WHO IS SELLING AT THESE PRICES? WTF

>>56268789
While true, why would there be a global financial crisis? Company profits are ATH, industry is doing well, utilization of industry/service sectors is high, employment utilization is climbing back, ...
the only thing that is a bit worrying is that copper is falling off a cliff but then again copper is a lagging indicator not a leading one. Hmmm

>>56255422
Quite literally wrong on all accounts. The gubbermint has been fuckin up on all accounts.
>>56255292
Because all other currencies are crap and pretty much everyone is done raising rates (given up on fighting the inflation) while the FED still maintains its hawkish outlook. ECB gave up, BoE gave up, China is useless... yeah, the only currency worth a damn is getting picked up again... who'd have thunk?