Investing General Discussion
- Thread starter Furious
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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!
Lambourne
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People that understand the office politics game will maneuver themselves away from problem projects before the axe comes down, so to some extent it's selecting for people that are good at political games rather than professional excellence.
It also tends to shift attention towards highly visible, prestigious projects while the unglamorous grunt work that keeps the organization running gets neglected. Everyone wants to work on the shiny new thing, no one wants to keep what's already there running. Very common in the public sector, which is why you get a really fancy looking (and staggeringly expensive) new bridge while the traffic lights a mile down the road are rusting away on their posts.
It also tends to shift attention towards highly visible, prestigious projects while the unglamorous grunt work that keeps the organization running gets neglected. Everyone wants to work on the shiny new thing, no one wants to keep what's already there running. Very common in the public sector, which is why you get a really fancy looking (and staggeringly expensive) new bridge while the traffic lights a mile down the road are rusting away on their posts.
I think we have too much bad news to sustain a push back to qqq500 until maybe q3 earnings. I can’t see the melt up we had happening again since other than meta every one of us the mag7 has had atleast some major negative news. I could see meta pushing to 560 in august, Goog & Amzn pushing to 175, msft to 420, but I feel like the stock level analysis agrees with the technical analysis and a push beyond 460 will be tough until we get nvda earnings. If they blow it away and go to 140 again we have a shot at 475
Sanrith Descartes
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Blazin
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It's a Friday, king day of fake outs. Not saying we aren't going down but I'm not going to put much weight on the pajama traders on Friday. Want to see the open. Will probably continue my current theme. QQQ will have a stop at BE and will likely be more patient with SPY.
I really would rather be working on my game today so market could do me a favor and just chill
I really would rather be working on my game today so market could do me a favor and just chill
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Sanrith Descartes
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Remember a little while ago when T was "going bankrupt" because of "lead cables"? It's up 50% since then.
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Jysin
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My best day trade last year. Obvs should have held it (or a portion LT).
Blazin
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Blazin
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I"m leaning up but I think the move either way is likely to occur right at the end of day. Everyone and the brother sees the bear flag forming. If it breaks lower here we are forming quite a steep down trend line and I'm skeptical of that, continue to think we get some rally but fail at the moving averages, at least at the first attempt.
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Jysin
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Quite the shift in narrative since Monday.
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I feel like every market article about the market thinking anything is just pure bs by the author.
at best the article should say aggregated price action on bonds indicates rate cut expectations have fallen. Get rid of the bs about the market thinking it’s needed or not.
at best the article should say aggregated price action on bonds indicates rate cut expectations have fallen. Get rid of the bs about the market thinking it’s needed or not.
