Sanrith Descartes
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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!
Jysin
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Jysin
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SMCI -34%
08:54 SMCI Discloses EY stated, in part: “we are resigning due to information that has recently come to our attention which has led us to no longer be able to rely on management's and the Audit Committee’s representations and to be unwilling to be associated with the financial statements prepared by management, and after concluding we can no longer provide the Audit Services in accordance with applicable law or professional obligations.” - Source
Wow... just wow !! Back to 2023 levels. The ENTIRE 2024 AI hype move reversed.
08:54 SMCI Discloses EY stated, in part: “we are resigning due to information that has recently come to our attention which has led us to no longer be able to rely on management's and the Audit Committee’s representations and to be unwilling to be associated with the financial statements prepared by management, and after concluding we can no longer provide the Audit Services in accordance with applicable law or professional obligations.” - Source
- Super Micro Computer's Independent Auditor Ernst & Young Resigns Over Governance And Transparency Concerns, Citing Doubts On Board's Integrity And Reliability Of Financial Statements; Board Forms Special Committee With Cooley LLP And Secretariat Advisors For Ongoing Review
Wow... just wow !! Back to 2023 levels. The ENTIRE 2024 AI hype move reversed.
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Jysin
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Officials already front-running some disappointing payrolls data coming?
09:48(US) US Official: Anticipate payroll numbers will be lower this week because of disruptive hurricanes and strike activity - Source TradeTheNews.com
09:48(US) US Official: Anticipate payroll numbers will be lower this week because of disruptive hurricanes and strike activity - Source TradeTheNews.com
Big Phoenix
Pronouns: zie/zhem/zer
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Sanrith Descartes
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Jysin
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Blazin
Sanrith Descartes
Either of you clocked this move on UAL? It was $36 on Aug 5th. Its $80 today. Weekly chart upper bollinger blown out and an RSI of ~82. Only 5% short float and 78% inst owned. Squeeze doesn't seem likely.
What's the deal? Did United create AI piloted flights?
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Sanrith Descartes
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I don't follow transports so had no idea it got frisky.
Either of you clocked this move on UAL? It was $36 on Aug 5th. Its $80 today. Weekly chart upper bollinger blown out and an RSI of ~82. Only 5% short float and 78% inst owned. Squeeze doesn't seem likely.
What's the deal? Did United create AI piloted flights?
Mist
REEEEeyore
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Yeah this is why I'm buying bonds with all the money that was sitting in in my HYSAs.
Sludig
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I just really hate the thought of locking up too much for a decade or whatever. Still randomly making some big purchases for the farm etc
Mist
REEEEeyore
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Bonds are sellable on the secondary market. SF techbros want to go back to ZIRP, so bad that they're willing to engineer a recession to make it happen. They want to be able to borrow unlimited money at near zero interest to build their version of the future because they think the gains from AI are infinite and the time to lock in is now.
Once rates crash, sell them and buy whatever asset class looks like it's going to go to the moon, whether that's crypto or some tech ETF, anything.
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Sanrith Descartes
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How does this plan account for devaluing the dollar? You buy $100k in bonds today. Rates go to zero a couple of years from now and you sell your bonds for $150k in a couple of years from now dollars. Unfortunately a couple of years from now dollars are only worth 1/2 what they are today so you actually lost $25k in todays dollars.
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Sanrith Descartes
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Asshat Foler
2024 FoH Asshat
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Sanrith Descartes
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The azure guidance is a gut punch. Sorry bros msft is destined to stick at 418. The price I bought it for in January. It will give me neither gains nor harvested losses. I am never selling so you all better just give up.
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Mist
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The market initially goes down when inflation picks up. There should be a period where the bonds can be sold at a significant premium and still get in on the market before it starts going up from money printing. My look at past trends indicates around a 10-15 month window to rotate.
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Sanrith Descartes
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tugofpeace
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Don't know if anyone here is in UPST, but Nov 7th is earnings, and with the interest rate cut this should moon hard as fuk.
Hopefully.
Hopefully.
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