Sanrith Descartes
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Investing General Discussion
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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
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Blazin
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You just listed the reasons to buy it, do you know how stonks work?
Why buy META at 90 or NFLX at 160? Not one iota of good news at their turning points and little to no positive news on the subsequent 300% run ups. I bought DIS because the company looks like shit, complete and utter shit, everything set against it. So all those negatives you list, investors are very alertly aware of. That puts them in a mood to under price an asset.
Just Like the energy trade in 2020 nobody could find any reason to own them. UNOWNABLE, 300% ago. I have no idea if it's going to recover I just think it's worth a small gamble it will given the headwinds. The pendulum of shit may yet begin it's trek the other direction and the stock price will sniff it out well before news headlines.
At this point I expect a dip into the 70s how it responds to that will determine how I trade it.
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Sanrith Descartes
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It's about $2 above the Covid low when the parks and studios were shuttered. While I don't like the current direction of wokeness the company has taken, it's still Disney with one of if not the best IP catalogs that exists. And the parks.
Is AAPL buys them or Iger carves the company up, I'm happy. If not, it's a good entry price. Unless it isn't .
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Mist
REEEEeyore
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I totally followed this exact logic when I bought META, just sold way too soon.
60% gains are still 60% gains.
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Mist
REEEEeyore
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Lorcana and Dreamlight Valley together represent a very interesting brand direction for Disney. It seems like a dip into a "metaverse" that leverages Disney's deep IP assets very well. I think the upside is high and the downsides are already double-baked in.
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Big Phoenix
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Sanrith Descartes
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Zillow Offers 1% Down Payment to Lure Struggling Homebuyers
(Bloomberg) -- Zillow Group Inc. is offering mortgages with just a 1% down payment as it tries to attract house hunters facing the most-unaffordable market in almost four decades.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationNasdaq 100 Drops 2% as...
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Palum
what Suineg set it to
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Zillow Offers 1% Down Payment to Lure Struggling Homebuyers
(Bloomberg) -- Zillow Group Inc. is offering mortgages with just a 1% down payment as it tries to attract house hunters facing the most-unaffordable market in almost four decades.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationNasdaq 100 Drops 2% as...finance.yahoo.com
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Big Phoenix
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Speaking of mortgage companies(spacs, remember spacs?);
Also dxy absolutely kicking the market in the nuts up almost $1 in 24 hours;
Also dxy absolutely kicking the market in the nuts up almost $1 in 24 hours;
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Jysin
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10:02 *(US) FED CHAIR POWELL: PREPARED TO RAISE RATES FURTHER IF APPROPRIATE; REAL RATES ARE POSITIVE AND WILL PROCEED CAREFULLY; WILL REMAIN RESTRICTIVE UNTIL INFLATION SUSTAINABLY SLOWING - JACKSON HOLE REMARKS
- Policy is restrictive but can't be sure what neutral rate is
- Need sustained progress on goods inflation; Need some further progress on nonhousing services inflation
- Slowing rents points to slowdown in housing inflation, will continue to watch
- Will decide next rate moves based on data
- Signs job market not cooling could also warrant more fed action
- Attentive to signs that the economy may not be cooling as expected
- Process of bringing down inflation has a long way to go, even with more favorable recent readings
- Sees July PCE at 3.3%, Core at 4.3%
- Getting inflation back to 2% likely requires below trend growth; will not change 2% target
- Economic uncertainty calls for agile monetary policy making
- Fed is mindful monetary policy faces risks on both sides
- May still be significant further drag from past hikes
- Two months of good data are only the beginning of what we need to build confidence on inflation path
- Policy is restrictive but can't be sure what neutral rate is
- Need sustained progress on goods inflation; Need some further progress on nonhousing services inflation
- Slowing rents points to slowdown in housing inflation, will continue to watch
- Will decide next rate moves based on data
- Signs job market not cooling could also warrant more fed action
- Attentive to signs that the economy may not be cooling as expected
- Process of bringing down inflation has a long way to go, even with more favorable recent readings
- Sees July PCE at 3.3%, Core at 4.3%
- Getting inflation back to 2% likely requires below trend growth; will not change 2% target
- Economic uncertainty calls for agile monetary policy making
- Fed is mindful monetary policy faces risks on both sides
- May still be significant further drag from past hikes
- Two months of good data are only the beginning of what we need to build confidence on inflation path
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Sanrith Descartes
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I do not see how this doesn't get screwed up. There are so many disruptive novelties. Student loan payments, end of childcare subsidies, Covid restrictions part 2, maybe that means Covid money printing part 2, corporate debt rate reset, bank solvency issues, corporate real estate implosion. They just always react to delayed data.
Idk seems like there's a flock of black swans flying around and they're going to need none of them to touch down in the pond to keep the water still.
Blazin
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