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Maybe Americans are smarter than I give us credit for. They realize it's all make believe, inflation will erode the dollars anyway so may as well spend into oblivion, and the government might even just forgive it all.This is still crazy to me
Supermarket prices and house prices are ultimately set at whatever people will pay for them. Whatever price the market will bear.Maybe Americans are smarter than I give us credit for. They realize it's all make believe, inflation will erode the dollars anyway so may as well spend into oblivion, and the government might even just forgive it all.
Maybe Americans are smarter than I give us credit for. They realize it's all make believe, inflation will erode the dollars anyway so may as well spend into oblivion, and the government might even just forgive it all.
Only 30%?Yes but they're putting it on 30%+ APR credit cards, that's a bit more than erosion.
I wasn’t envisioning Musk doing nuclear power plants. More along the lines of what I think Blazin was implying in an earlier post - Musk will seize the opportunity for downstream energy infrastructure for storage. Right now he’s doing that at the consumer level it seems with those powerwalls.Musk is persona non grata, they aren’t giving him any contracts to do shit because he stole their propaganda tool from them.
Wtf..
I’d accept that APR if they gave me 20% cash back on all purchases, not like I pay credit card interest because only retards do that.Wtf..
Today we commemorate the crucifixion. In honor of our Lord and Savior's sacrifice, I offer up some data I have been working on. Buying in an up-market is much tougher in my opinion than in a down market. Others might feel the opposite. When everything is running hot and hitting 52-highs its all gotta be over-priced, amirite? Not necessarily. Excluding the hypergrowth, no earnings stocks, what you are generally buying is a company's earnings. How many turns of a company's earnings does it take to equal what you are paying for it? Luckily, there is a metric for that.
Below (spoilered for size), is a 5-year look at the the PE ratios of a dozen of the bigs. I have been buying some of them because relative to their historical numbers I see them as reasonably priced for a long term hold. I am definitely not backing up a truck and loading up but I am adding on pullbacks (shallow and short-lived though they are) for a couple of them. This data uses trailing PE, it can also be done with forward looking PE. One thing to watch is industry averages. The average PE for a bank isn't the same average for a tech company. So use the historic to look at a company against itself looking backward. Don't use it to compare JPM to AAPL.
The list:
View attachment 522011
What are your thoughts on AMZN?Today we commemorate the crucifixion. In honor of our Lord and Savior's sacrifice, I offer up some data I have been working on. Buying in an up-market is much tougher in my opinion than in a down market. Others might feel the opposite. When everything is running hot and hitting 52-highs its all gotta be over-priced, amirite? Not necessarily. Excluding the hypergrowth, no earnings stocks, what you are generally buying is a company's earnings. How many turns of a company's earnings does it take to equal what you are paying for it? Luckily, there is a metric for that.
Below (spoilered for size), is a 5-year look at the the PE ratios of a dozen of the bigs. I have been buying some of them because relative to their historical numbers I see them as reasonably priced for a long term hold. I am definitely not backing up a truck and loading up but I am adding on pullbacks (shallow and short-lived though they are) for a couple of them. This data uses trailing PE, it can also be done with forward looking PE. One thing to watch is industry averages. The average PE for a bank isn't the same average for a tech company. So use the historic to look at a company against itself looking backward. Don't use it to compare JPM to AAPL.
The list:
View attachment 522011
AGI = A Guy in India: