Investing General Discussion

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,755
126,097
META trashes another 10k jobs and the stock runs up 7%. At some point do you think Big Tech CEOs will figure out the secret regular CEOs have known for a century?
 
  • 2Worf
Reactions: 1 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,755
126,097
INTC finished over $28.

No Idea Axe GIF by Billions
 
  • 1Diamond Hands
  • 1Worf
Reactions: 1 users
Mist

Mist

REEEEeyore
<Gold Donor>
31,581
24,208
Sanrith Descartes said:
META trashes another 10k jobs and the stock runs up 7%. At some point do you think Big Tech CEOs will figure out the secret regular CEOs have known for a century?
Click to expand...
Tech companies always used to churn the bottom 5-10% of their roster every year via stack-ranking, or a similar process. But for the 3 years of the pandemic, they did not, and instead increased hiring. But they definitely kept tabs on who wasn't adjusting to WFH or adapting to the market that whole time. A whole lot of these layoffs are just the market equivalent of 'virtue signallling'; they will hire back to these numbers within 1 year. They're just doing 3+ years worth of stack-rank cuts all at once in an effort to look like they're being efficient.

1678840020637.png


(This graph does not include any layoffs in the past 2 weeks.)
 
Borzak

Borzak

Bronze Baron of the Realm
26,099
34,265
Sanrith Descartes said:
META trashes another 10k jobs and the stock runs up 7%. At some point do you think Big Tech CEOs will figure out the secret regular CEOs have known for a century?
Click to expand...

Maybe they look at twitter and realize how much dead weight they have been carrying in the life of luxury.

Actually pretty sure that's not it.
 
  • 1Like
Reactions: 1 user
Jysin

Jysin

Ahn'Qiraj Raider
6,522
4,531
iirc, the Saudis already have a 9.8% or so stake. They cited that if their ownership exceeds 10%, a bunch of regulatory rules kick in and they don't want any of that.

(Could be a convenient excuse as well, but its certainly plausible from a risk standpoint)


*edit* just read the same in the article you linked.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,755
126,097
Jysin said:
And, down we go again. Credit Suisse in the spotlight again. (This bank has been mired in issues for some time).

www.bloomberg.com

Credit Suisse Ignites Global Market Rout as Banking Fears Return

All it took was a few tough words from Credit Suisse Group AG’s biggest shareholder on Wednesday to spark a selloff that spread like wildfire across global markets.
www.bloomberg.com www.bloomberg.com
Click to expand...
CS has been a dead man walking for months. Funny how this suddenly is news again.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,755
126,097
Sanrith Descartes said:
Closed out the C puts I wrote yesterday. 73% profit. Most likely I could have road them to expiry for a penny, but I'm not greedy and who the fuck knows what Janet Powell is gonna do. Imma take my shekels off the table and be happy.
Click to expand...
Pigs get fat; Hogs get slaughtered. Don't be a hog.

1678883386025.png
 
Borzak

Borzak

Bronze Baron of the Realm
26,099
34,265
I guess Europe was really expect SA to jump in and buy more of Credit Suisse. I watched the guy in the government in SA on bloomberg and he flat said if we upped to 10 % we get into all sorts of regulatory stuff we don't want to. Then the host on the show said he was really shaking things up the way he didn't make it more clear. Seemed super obvious to me, he may have had other reasons but those were the ones he mentioned and they slammed him for it.
 
Borzak

Borzak

Bronze Baron of the Realm
26,099
34,265
More deposits weren't going to help SVB. Deposits count as a debt on the balance sheet I think. They needed something more on the asset side to meet the regulatory demands of asset/debt ratio after their bond holdings were tanking from rising interest rates. Then when word got out .....

I know on watching some market news everyone so far has big on "Not a liquidity problem" in Europe, over and over. Pretty sure they've been circling the drain for more than a year.
 
Aldarion

Aldarion

Egg Nazi
10,028
27,627
Sanrith Descartes said:
Except the AI Chatbot wont make financial predictions. I have tried.
Click to expand...
You can get around most restrictions with the right prompts. Fictional character, etc.

I just don't see how it could be useful since it hasnt seen any data since 2021. I wonder, are people feeding it the SPY data series as part of the question or something? A prediction of crash timing without knowing today's price seems kinda useless, even if stock market prediction were something a LLM could really do.
 
  • 2Like
Reactions: 1 users
Arden

Arden

Blackwing Lair Raider
2,803
2,106
Yep, pretty easy to jailbreak current AI but I agree it wouldn't be helpful with gpt 3. Gpt 4 or Bing however...
 
You must log in or register to reply here.