Stock market

brianlux

mrussel1 said:

brianlux said:

Jearlpam0925 said:

mrussel1 said:

Lerxst1992 said:

tempo_n_groove said:

Anyone been in a Tesla?  The friggin car is fast and really nice.  I'll say that about the car.

They are very sleek and nice, but consumers are paying for that. $70k for a mid sized car? Considering they are powered by coal and nat gas, have toxic batteries with minimal oversight for safe disposal and significant geopolitical concerns regarding mining raw materials, Teslas amount to a pretty form of snake oil. First, let’s replace all coal and gas fired plants, find a safe way to produce and dispose of batteries, then we may be onto something with EVs

Yup.. we are just tearing up the Earth looking for nickel now, rather than crude.  

I'm admittedly an asshole on this topic as I have a few classic cars that are not good on gas.  Although I drove them about 3k miles per year.  But still, not green. 

Forest from the trees would be improving & investing in public trans infrastructure. But Elon wants to talk about hyperloops when all we need is some trains. But that's too pragmatic and practical.

Thank you for mentioning trains!  So much could be improved by (relatively) simply refurbishing our rail systems.  But the oil companies don't want that, you know know Musk sure as hell doesn't want that! 

Do we have enough nickel to support a fully electric future?  Are we trading one type of mining and natural resource destruction for another? And as nickel gets more expensive, will the cost efficient engine continue to be combustion?  

I don't honestly know if we have enough nickle (and rare earths) to support a fully electric future, M.  I doubt it, not in a world with 8 billion people.

Yes, I believe we are trading one ecologically destructive practice for another.

As for cost effectiveness of efficient engines for cars, I think in the long run that's a moot point for all but the most rural or remote places.  We really need to change our car-culture ways.  I'm not saying, "Get rid of your classic cars".  If I still had my '65 Malibu, I would restore it and drive it once in a while- a few hundred miles a year.  But for the most part, we need to get as many cars off the road as possible.  Refurbish rail systems, increase public transit, walk more, live close to school and work.  To me, that's the only solution that makes sense.

mickeyrat

brianlux said:

mrussel1 said:

brianlux said:

Jearlpam0925 said:

mrussel1 said:

Lerxst1992 said:

tempo_n_groove said:

Anyone been in a Tesla?  The friggin car is fast and really nice.  I'll say that about the car.

They are very sleek and nice, but consumers are paying for that. $70k for a mid sized car? Considering they are powered by coal and nat gas, have toxic batteries with minimal oversight for safe disposal and significant geopolitical concerns regarding mining raw materials, Teslas amount to a pretty form of snake oil. First, let’s replace all coal and gas fired plants, find a safe way to produce and dispose of batteries, then we may be onto something with EVs

Yup.. we are just tearing up the Earth looking for nickel now, rather than crude.  

I'm admittedly an asshole on this topic as I have a few classic cars that are not good on gas.  Although I drove them about 3k miles per year.  But still, not green. 

Forest from the trees would be improving & investing in public trans infrastructure. But Elon wants to talk about hyperloops when all we need is some trains. But that's too pragmatic and practical.

Thank you for mentioning trains!  So much could be improved by (relatively) simply refurbishing our rail systems.  But the oil companies don't want that, you know know Musk sure as hell doesn't want that! 

Do we have enough nickel to support a fully electric future?  Are we trading one type of mining and natural resource destruction for another? And as nickel gets more expensive, will the cost efficient engine continue to be combustion?  

I don't honestly know if we have enough nickle (and rare earths) to support a fully electric future, M.  I doubt it, not in a world with 8 billion people.

Yes, I believe we are trading one ecologically destructive practice for another.

As for cost effectiveness of efficient engines for cars, I think in the long run that's a moot point for all but the most rural or remote places.  We really need to change our car-culture ways.  I'm not saying, "Get rid of your classic cars".  If I still had my '65 Malibu, I would restore it and drive it once in a while- a few hundred miles a year.  But for the most part, we need to get as many cars off the road as possible.  Refurbish rail systems, increase public transit, walk more, live close to school and work.  To me, that's the only solution that makes sense.

YES AMERICA!!!! Get onto public trans etc. Leave Americas roads and highways to the truckers of this country. Help make OUR jobs safer.

Jearlpam0925

Basically my whole philosophy and argument comes down to this:



Basically one of the reasons I'd say Saturn went ass up - they were making an argument against themselves. Because this commercial was/is fucking dead-on:

https://youtu.be/e_oWmY_mkCA

brianlux

Jearlpam0925 said:

Basically my whole philosophy and argument comes down to this:



Basically one of the reasons I'd say Saturn went ass up - they were making an argument against themselves. Because this commercial was/is fucking dead-on:

https://youtu.be/e_oWmY_mkCA

"Basically one of the reasons I'd say Saturn went ass up - they were making an argument against themselves. Because this commercial was/is fucking dead-on:"

Wow, not kidding!  Great point!

Hi!

Up 500ish. Thanks Brandon! 

tempo_n_groove

Hi! said:

Up 500ish. Thanks Brandon! 

It'll keep going down, Friday rally my man.

mrussel1

tempo_n_groove said:

Hi! said:

Up 500ish. Thanks Brandon! 

It'll keep going down, Friday rally my man.

There's hope the economy is slowing,  therefore no more rate hikes.

The Juggler

^
this


Although I believe they will still hike but the pace and amounts will be less than many feared. 

CPI next week is more important than wages going down a bit today. 

Spiritual_Chaos

I finalllllly after years of not dealing with some kind of a "save for the future" situation pushed in a lot of money into the stockmarket ilast fall and in JANUARYYYYYY... and then the war came... haha.:

Went down 15% last year. The average for the bank's customers was 22%, so I guess I did some things right. But still. Why didn't I put my money in, in like 2016? OR WHY NOT BE A LITTLE TINY BIT MORE LAZY AND WAITIT JUST A MONTH OR TWO POST WAR

mrussel1

Spiritual_Chaos said:

I finalllllly after years of not dealing with some kind of a "save for the future" situation pushed in a lot of money into the stockmarket ilast fall and in JANUARYYYYYY... and then the war came... haha.:

Went down 15% last year. The average for the bank's customers was 22%, so I guess I did some things right. But still. Why didn't I put my money in, in like 2016? OR WHY NOT BE A LITTLE TINY BIT MORE LAZY AND WAITIT JUST A MONTH OR TWO POST WAR

You're young, you'll make money.  Yes, being lazy would have paid off a little, but no one ever gets the timing perfect.  Congrats on saving for your future. 

nicknyr15

Spiritual_Chaos said:

I finalllllly after years of not dealing with some kind of a "save for the future" situation pushed in a lot of money into the stockmarket ilast fall and in JANUARYYYYYY... and then the war came... haha.:

Went down 15% last year. The average for the bank's customers was 22%, so I guess I did some things right. But still. Why didn't I put my money in, in like 2016? OR WHY NOT BE A LITTLE TINY BIT MORE LAZY AND WAITIT JUST A MONTH OR TWO POST WAR

It happens. May I suggest also investing in stocks that pay dividends? This way you’re getting paid while you’re holding the stock instead of only investing based on speculation and growth. I’ve day traded, swing traded for years and now have been solely focused on passive income trading/investing over the past 3 years. 

Jearlpam0925

Spiritual_Chaos said:

I finalllllly after years of not dealing with some kind of a "save for the future" situation pushed in a lot of money into the stockmarket ilast fall and in JANUARYYYYYY... and then the war came... haha.:

Went down 15% last year. The average for the bank's customers was 22%, so I guess I did some things right. But still. Why didn't I put my money in, in like 2016? OR WHY NOT BE A LITTLE TINY BIT MORE LAZY AND WAITIT JUST A MONTH OR TWO POST WAR

Uh oh the turn toward becoming a Republican/Conservative has started.

I kid, I kid.

Malroth

Spiritual_Chaos said:

I finalllllly after years of not dealing with some kind of a "save for the future" situation pushed in a lot of money into the stockmarket ilast fall and in JANUARYYYYYY... and then the war came... haha.:

Went down 15% last year. The average for the bank's customers was 22%, so I guess I did some things right. But still. Why didn't I put my money in, in like 2016? OR WHY NOT BE A LITTLE TINY BIT MORE LAZY AND WAITIT JUST A MONTH OR TWO POST WAR

I did the same. I'm no expert but see it as a chance to get some more money in before they go up again. and I'm old.

Zod

The market was already going down before the war started.  The war poured gas on on the inflation fire, but it had already started and markets were already going down (they peaked the first week of 2022).  I think due to all the causes (governments spending money they didn't have, low interest rates, etc..).  The cat was already out of the bag.   The war added more problems to it, but the market was going down either way.

tempo_n_groove

Zod said:

The market was already going down before the war started.  The war poured gas on on the inflation fire, but it had already started and markets were already going down (they peaked the first week of 2022).  I think due to all the causes (governments spending money they didn't have, low interest rates, etc..).  The cat was already out of the bag.   The war added more problems to it, but the market was going down either way.

What I am seeing now is all the new "experts" whether it was houses, sportscards or stocks whom were killing it when it was easy are getting killed right now.  People that listened to them got killed too and are all bowing out because making that money isn't as easy as they thought.

Jearlpam0925

That's also because sports cards are a secondary market that has zero value and moves with the overall economy. When the economy is doing well it's a luxury to deal pieces of cardboard. It's like people have amnesia from the greatest recession since the Great Depression 15 years ago and are acting like this is all new (and to clarify this is no where near the magnitude of what that was). History repeats itself, there's always con men to convince a fool to separate with their money. Only good part of that is the con men are also fools.

Spiritual_Chaos

mrussel1 said:

Spiritual_Chaos said:

I finalllllly after years of not dealing with some kind of a "save for the future" situation pushed in a lot of money into the stockmarket ilast fall and in JANUARYYYYYY... and then the war came... haha.:

Went down 15% last year. The average for the bank's customers was 22%, so I guess I did some things right. But still. Why didn't I put my money in, in like 2016? OR WHY NOT BE A LITTLE TINY BIT MORE LAZY AND WAITIT JUST A MONTH OR TWO POST WAR

You're young, you'll make money.  Yes, being lazy would have paid off a little, but no one ever gets the timing perfect.  Congrats on saving for your future. 

ITS NOT ABOUT TIMING THE MARKET
ITS ABOUT TIME IN THE MARKET

tempo_n_groove

Jearlpam0925 said:

That's also because sports cards are a secondary market that has zero value and moves with the overall economy. When the economy is doing well it's a luxury to deal pieces of cardboard. It's like people have amnesia from the greatest recession since the Great Depression 15 years ago and are acting like this is all new (and to clarify this is no where near the magnitude of what that was). History repeats itself, there's always con men to convince a fool to separate with their money. Only good part of that is the con men are also fools.

Cardboard will always have a value.  Not all cardboard will have it though, that is what the masses don't understand. Certain things are iconic and will never lose value.

People with extra money do throw it around rather carelessly when the getting is good, I will say that.

mrussel1

tempo_n_groove said:

Jearlpam0925 said:

That's also because sports cards are a secondary market that has zero value and moves with the overall economy. When the economy is doing well it's a luxury to deal pieces of cardboard. It's like people have amnesia from the greatest recession since the Great Depression 15 years ago and are acting like this is all new (and to clarify this is no where near the magnitude of what that was). History repeats itself, there's always con men to convince a fool to separate with their money. Only good part of that is the con men are also fools.

Cardboard will always have a value.  Not all cardboard will have it though, that is what the masses don't understand. Certain things are iconic and will never lose value.

People with extra money do throw it around rather carelessly when the getting is good, I will say that.

This is true.  The value may stay, but the bidders will exit particularly from the lower parts of the luxury market.  My friend and I deal in cars and you can see the luxury/sports market of less than 100k is definitely dried up, but the very high end is still there.  

tempo_n_groove

mrussel1 said:

tempo_n_groove said:

Jearlpam0925 said:

That's also because sports cards are a secondary market that has zero value and moves with the overall economy. When the economy is doing well it's a luxury to deal pieces of cardboard. It's like people have amnesia from the greatest recession since the Great Depression 15 years ago and are acting like this is all new (and to clarify this is no where near the magnitude of what that was). History repeats itself, there's always con men to convince a fool to separate with their money. Only good part of that is the con men are also fools.

Cardboard will always have a value.  Not all cardboard will have it though, that is what the masses don't understand. Certain things are iconic and will never lose value.

People with extra money do throw it around rather carelessly when the getting is good, I will say that.

This is true.  The value may stay, but the bidders will exit particularly from the lower parts of the luxury market.  My friend and I deal in cars and you can see the luxury/sports market of less than 100k is definitely dried up, but the very high end is still there.  

Yep seeing this now.  All the stuff people had that everyone threw money at is worthless and seeing more and more of it trying to be sold.  Everyone is still listening to the "influencers" so they all are monkey, see monkey do and forming the same patterns as what they've heard...

It gets annoying when I've been buying and selling the same way for years and johnny come latelys make me have to adjust.  If I have the inventory of what they want though I make a killing.  Aaron Judge and Julio Rodriguez were very good to me this year.