Same old thing with these high growth companies getting hit, despite great earnings. Rotation has been going on for just over a couple weeks now. High growth is not where you want to be parking your cash the last weeks. Value has been back in vogue.NUE getting pummeled even though 3rd quarter was record profits and guidance for 4th quarter is even higher record profits because analysts wanted an even HIGHER record profit guidance. Clown world. Depending on how bad it gets hit, Im adding if the price is right.
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Maybe you got the symbol mixed up. NUE is a US Steel company with a PE of 7 and EPS of $16.76Same old thing with these high growth companies getting hit, despite great earnings. Rotation has been going on for just over a couple weeks now. High growth is not where you want to be parking your cash the last weeks. Value has been back in vogue.
Nasdaq has been hit as the expected rate hikes will negatively impact those the most.
Today should be fun with the Fed meeting.
I am almost tempted to write more puts. Almost.I think MTTR is getting hit on sympathy to RBLX. (RBLX down over 10% with some DAU negative numbers)
Watched a documentary of 1929 market crash last night and the similarities are eye opening to say the least. Massive stock market participation, overleveraged and "stocks only go up" euphoria, bankers propping up a handful of stocks to try and relight confidence in the market... all thats missing is a massive drop to force some margin calls and were off to the bottom.
CLF @ 19.00 a share is fucking insane.
AMD and NVDA up 2% from yesterdays close with apple edging closer to green.
This is all the reason I need to KNOW that there wont be any unexpected changes to fed policy. It will trigger a market crash, no doubt. How we can avoid it when those scheduled rate hikes come is another story.
Yeah, that's why I bought SPXU...
Something about markets rationality and solvency
I agree up to the fed part. I feel they will do something and caution we may see a 'transitory correction'. The big boys have to take a bruise or two, because the natives are getting restless over inflation. They need to deal with this before we are in the midterms.Watched a documentary of 1929 market crash last night and the similarities are eye opening to say the least. Massive stock market participation, overleveraged and "stocks only go up" euphoria, bankers propping up a handful of stocks to try and relight confidence in the market... all thats missing is a massive drop to force some margin calls and were off to the bottom.
CLF @ 19.00 a share is fucking insane.
AMD and NVDA up 2% from yesterdays close with apple edging closer to green.
This is all the reason I need to KNOW that there wont be any unexpected changes to fed policy. It will trigger a market crash, no doubt. How we can avoid it when those scheduled rate hikes come is another story.
Are you Scrooge McDuck yet?
Dude drive it into objects on purpose just to try to slow it down…including people lolRunaway Tesla left trail of destruction in central Paris, say witnesses
The off-duty taxi driver who crashed a Tesla Model 3 in Paris on Saturday night ploughed through metal posts, a row of pay-to-ride bicycles, a recycling bin full of glass and hit pedestrians and a van before finally coming to a halt, witnesses said. Tillard Diomande was serving clients from...finance.yahoo.com