Sanrith Descartes
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Investing General Discussion
- Thread starter Furious
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Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
karma
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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 layoff more than 15% of workforce — almost 20,000 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 layoff more than 15% of workforce — almost 20,000 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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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
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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
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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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