Investing General Discussion

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Sanrith Descartes

Sanrith Descartes

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Mist said:
ATH as priced in Euros?

Stocks can be at ATH even if fundamentals are bad if the currency is fundamentally debased. It takes more money to buy the same stuck because the money is worthless.
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I always pay ATH prices for stocks that are at 2-year low future earnings estimates.
 
  • 4Worf
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Mist

Mist

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Sanrith Descartes said:
I always pay ATH prices for stocks that are at 2-year low future earnings estimates.
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Well you should invest anyway if you expect the currency to get further debased faster than the value of the stock declines.

That's what the bears I know keep missing. They keep thinking the S&P is going back to 3000 when 4500 is the new 3000 and it doesn't look like we're going back to 4500 ever either.
 
Blazin

Blazin

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Mist said:
ATH as priced in Euros?

Stocks can be at ATH even if fundamentals are bad if the currency is fundamentally debased. It takes more money to buy the same stuck because the money is worthless.
Click to expand...
wouldn't the earnings be in the same debased currency? Does not compute, I expect more of 140 IQ
 
  • 4Worf
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
wouldn't the earnings be in the same debased currency? Does not compute, I expect more of 140 IQ
Click to expand...
1729102948589.png
 
  • 3Worf
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Lambourne

Lambourne

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Tmac said:
Mike McCaul is the chairman of the Foreign Affairs Committee.

View attachment 553095


View attachment 553094
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There has been some talk this year of NATO defense spending target being upped to 2.5% of GDP, so that'd amount to an extra ~0.5% of GDP spending by a lot of NATO countries that are only just catching up to the old 2% norm. That includes most of the larger NATO economies (Canada, Germany, Italy, Spain etc) i.e. a fuckton of money.

ECB also cut rates again on thursday.
 
T

Tirant

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Sanrith Descartes said:
Gold > $2700
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Yeah that's a much better representation of "dollar strength". Those other indexes like Mist posted just compare to other currencies, which during Trump's years were way stronger than today, especially since the Euro's decided to commit seppukku post Ukraine.

NEM is my second largest single stock position (after my old company stock), still ~30% off its ATHs. Their costs exploded during the last inflation bout but if they get that under control these gold prices will make it rip.
 
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