by RC2006 ➕follow (2) 💰tip ignore
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6 months later, the stock market and the housing market, both, are at all time high. 🤑🤑🤑
You haven’t changed your flawed thesis Patrick. 👍It's not flawed if the Fed didn't meddle so ginormously in the market.
Houses in my area (NorCal) are flying off the shelves. 2-3 days sell time when a house comes up, zero inventory (except trash pits.)Where are you in NorCal? I'm in Sonoma County. I'm glad I didn't buy here in 2015 the fires suck!
Yes, going to check out Washington State in June or so, anywhere except Seattle.
No income tax there, nice scenery, some relatives.
I'll go anywhere that does not demand me to show papers proving I've been injected with an experimental agent to make Fauci rich.
Shorting S&P got half on will add other mon..using an inverse etf wish me luck :P
Eman saysYou haven’t changed your flawed thesis Patrick. 👍It's not flawed if the Fed didn't meddle so ginormously in the market.
What's flawed about it?
There has been continuous and ever increasing interference in the markets by governments and their proxies (banks). There is now very little physical investment in pretty much any enterprise. Nobody is willing to put their own money at risk in new endeavors.
The savings rate of the upper 10% of the income distribution dwarfs the meager physical investment in the economy.
The shear amount of mal-investment is astounding.
Misc saysThere has been continuous and ever increasing interference in the markets by governments and their proxies (banks). There is now very little physical investment in pretty much any enterprise. Nobody is willing to put their own money at risk in new endeavors.
The savings rate of the upper 10% of the income distribution dwarfs the meager physical investment in the economy.
The shear amount of mal-investment is astounding.
Nobody? Elon Musk put his last millions in Tesla when it was on the verge of going bankrupt. Go Elon. 🚀🚀
When the stock market crashed in March last year, my buddy took $280k of cash out refi proceeds and put it in the stock market. He gained over $500k by year end. His biggest gain was buying TSLA at $589/share pre-split.
We can choose to keep marching forward in the face of adversities, or we can sit around whine and bitch. We all have a c...
Eman saysMisc saysThere has been continuous and ever increasing interference in the markets by governments and their proxies (banks). There is now very little physical investment in pretty much any enterprise. Nobody is willing to put their own money at risk in new endeavors.
The savings rate of the upper 10% of the income distribution dwarfs the meager physical investment in the economy.
The shear amount of mal-investment is astounding.
Nobody? Elon Musk put his last millions in Tesla when it was on the verge of going bankrupt. Go Elon. 🚀🚀
When the stock market crashed in March last year, my buddy took $280k of cash out refi proceeds and put it in the stock market. He gained over $500k by year end. His biggest gain was buying TSLA at $589/share pre-split.
We can choose to keep marching forward ...
If that’s how you view TSLA without factor in their growth, you’re missing the entire boat. $1M for every $26M represents a 3.8% return. This ROI may seem pathetic, but it’s more than the borrowing cost from the bank. Once the projected growth of the company is factored in, the ROI goes up exponentially. Cathie Wood has a vision on TSLA, and she has been dead on with her projection. I’d put my money on her and Elon any day of the week.
Uhhhh, you are looking at ROI incorrectly. I was pointing out the multiple of actual money invested in the enterprise compared to its inflated share price.
For ROI, TSLA earned less than $1 billion in 2020 with a market cap now of about $650 billion.
RC2006 saysclambo saysI'm trying to adjust to Florida, but I miss California for the weather, scenery, history, etc.
California is the best.....beautiful beaches, trails, mountains, weather. cant beat it.
Cour d'Alene, Idaho comes to mind.I love CDA but I've heard it snows like crazy in the winter.
Now, the question is are we in a bubble?
I am in Colorado for a week, near denver.....real estate had quite the run here too. It a beautiful state!
Ever since they legalized weed, their economy has been on fire. I suppose since they were one of the first states to do it, people migrated from many other states to live there.
I was in Boulder about seven years ago and remember a large number of bums & wino's then.
Eman saysNow, the question is are we in a bubble?
Clearly so
Yup these price gains are insane. I'm seeing lot of wage inflation to on the lower end and it is only a matter of time for it to hit higher earners.
Maybe that was plan all along for wiping out debt and reset. Biden knows and doeant care he has his protection and riches for being part of it.
House agent just called, they have an eager buyer lined up to pay us 100k over the price we just paid a month ago. Inflation has arrived
mell saysHouse agent just called, they have an eager buyer lined up to pay us 100k over the price we just paid a month ago. Inflation has arrived
@mell You mean they are offering you $100k to move out of the place you just bought, without it even being on the market?
Every stock today was in the toilet except Moderna and BioN Tech.
FuckCCP89 saysDonald saysEvery stock today was in the toilet except Moderna and BioN Tech.
Bullshit. SHOP was up.TSLA was up. NFLX, OKTA, COST - up, up, up....
Yes, my bad. TSLA was up a whole 0.31% and Netflix a whole 0.37%. Moderna was up 10%. BioNTech was up 5%
Compared to Big Vaccine, Big Tech looks like a bunch of value stocks!
tech stocks are doing well.
AMZN, APPL for instance are breaking the overhead resistance. I could see APPLE at 160 in the near future.
Thinking about buying moderna
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