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!
karma
Molten Core Raider
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Blazin
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Big Phoenix
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Hey Intel how's it going?
www.tomshardware.com
Jesus Christ.
Intel to lay off more than 15% of workforce — 15,000 or more employees — encountered Meteor Lake yield issues, suspends dividend
From bad to worse.
Jesus Christ.
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Sanrith Descartes
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So just think it through. How many excess employees were they actually carrying the last few years. I will go to my grave saying bad management is the death of successful companies.Hey Intel how's it going?
Intel to lay off more than 15% of workforce — 15,000 or more employees — encountered Meteor Lake yield issues, suspends dividend
From bad to worse.
Jesus Christ.
Edit: -20% after being down 5% during the day's trading. Their factories and IP have to be worth more than the market cap at this point.
Edit 2: just think about the bloat required to do this...
"The Santa Clara, Calif.-based company earned an adjusted 2 cents a share on sales of $12.83 billion in the June quarter"
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Tmac
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Big Phoenix
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Big Phoenix
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Gravel
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Sanrith Descartes
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Sanrith Descartes
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NASDAQ futures down another 2.5% and ES futures down almost 1.75%
Unemployment number came in hot. About those rate cuts...
Unemployment number came in hot. About those rate cuts...
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Sanrith Descartes
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What does coming in hot mean?NASDAQ futures down another 2.5% and ES futures down almost 1.75%
Unemployment number came in hot. About those rate cuts...
Mist
REEEEeyore
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Not entirely true, bad management is also the death of bad companies.
Most companies are bad companies. Every company I've ever worked for has been a bad company; every company I know as a supplier/vendor plus all of my enterprise clients are also bad companies.
Bad management is super common.
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NASDAQ futures down another 2.5% and ES futures down almost 1.75%
Unemployment number came in hot. About those rate cuts...
This...
Sanrith Descartes
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Sanrith Descartes
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AMZN breached its 200-DMA. Took a starter position at $164.
Went back into OXY at $57.50. Strictly a Warren Buffet piggyback.
Edit: wrote another put on NVDA. DCA the premium to $1.05
Went back into OXY at $57.50. Strictly a Warren Buffet piggyback.
Edit: wrote another put on NVDA. DCA the premium to $1.05
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Gravel
Mr. Poopybutthole
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It's bizarre that this keeps impacting the market when everyone knows that they'll revise this number down again in 3 months and it'll come in below expectations.
Not only that, but even this bullshit number is misleading since it's people working multiple jobs just trying to survive inflation.
If anything, they should take this as a sign we need a rate cut.
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Loser Araysar
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The number never gets revised in a "good" direction, so when it gets revised in a few months, the unemployment rate will be even more above expectations, not below
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