Stocks and Trading Thread - Channeling your inner Mono

[Hamilcar]

I'm so ridiculously bullish on equities medium to long term. Do not fight the Fed.

[Admiral Yi]

Hope you didn't sell your Tesla Tonto.

[Tonitrus]

I hadn't. 

[Tonitrus]

And they reported a profit for Apr-Jun quarter. 

Also...the Cybertruck will be built in a new factory in Valmy's backyard.  Musk bless Texas. 

[Valmy]

I am glad to see our city continue to embrace new technology.

Though Texans don't just love trucks they love how trucks look, so I don't know if they are going to warm up to Tesla's weird non-truck looking truck. But we'll see.

[Tamas]

I am glad to see our city continue to embrace new technology.

Though Texans don't just love trucks they love how trucks look, so I don't know if they are going to warm up to Tesla's weird non-truck looking truck. But we'll see.

Musk is the new Steve Jobs. It doesn't matter what he does, if he does it people will pour money into it because why not.

[Valmy]

Musk is a genius. I do like that Steve Jobs comparison because they both kind of suck as people but damn you are glad they are around doing what they do.

[Barrister]

Musk is a genius. I do like that Steve Jobs comparison because they both kind of suck as people but damn you are glad they are around doing what they do.

[Tamas]

TBF he is much more useful than Jobs. Jobs was a great mix of designer, sales person, and religious leader but it didn't seem to care for much than his own good.

Musk at least using his similar qualities for the common goods of space enterprise and electric cars.

[Tamas]

BTW since I guess this is the closest to a general economics/finances thread we have:

We discussed in the past how there's no inflation to speak of, I remember even the Economist had a long study on it some months ago and how this seems to go against established models.

Isn't it just, though, that instead of consumer goods inflation, we have asset price inflation? Seems like all the free money since various QE programs begun (and trickled down to the masses via low interest rates) have poured into housing and stocks.

[DGuller]

Isn't it just, though, that instead of consumer goods inflation, we have asset price inflation? Seems like all the free money since various QE programs begun (and trickled down to the masses via low interest rates) have poured into housing and stocks.

That's my theory, inflation is showing up as the asset bubbles, which is exacerbated by increased concentration of wealth.

[Camerus]

Yes, QE + the low interest rates that accompany it (thus encouraging borrowing to invest and discouraging investing in bonds) has significantly inflated asset prices for those wealthy enough to already own meaningful amounts, thus further contributing to inequality.

[Valmy]

So it was with trepidation that I opened the statement on my 401k expecting to have taken a bath over the past three months (April-June) but instead I see it went up in value by over 15% 

Maybe it was all invested in mask and ventilator manufacturers 

[Tamas]

So it was with trepidation that I opened the statement on my 401k expecting to have taken a bath over the past three months (April-June) but instead I see it went up in value by over 15% 

Maybe it was all invested in mask and ventilator manufacturers 

Since 2008 the stock market only reacts to the amount of money printed by the Fed not the state of the economy.

[Admiral Yi]

So it was with trepidation that I opened the statement on my 401k expecting to have taken a bath over the past three months (April-June) but instead I see it went up in value by over 15% 

Maybe it was all invested in mask and ventilator manufacturers 

That 15% climb is up from the March trough, when people were panic selling to prepare for the end of the world.