I honestly haven’t looked into it too deeply either. Those first numbers that you saw were from somebody else’s post, but for some reason the name didn’t show up as a quote.
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TSLA is cheap compared to 1 year ago. Are you a buyer?
I all seriousness your question is valid because when the market collapses they will print, like 2001 and 2008 and 2020. So I have been scratching my head to figure out where all that money will go? Whether the printing will cause inflation this time is another part of the question. I lean towards no but it depends on how the printing gets spent - in the traditional way or helicopter money.
And don't look now, but China is literally in free fall and Europe isn't far behind, but the nightly news omits those facts.
Anyway I need to get my plan in order, because its possible this all starts as soon as Feb 21?
So when this happened out of the blue mid-day yesterday, I figured there was a whisper number on the CPI.
Both CPI and core CPI above expectations. Core back above 4%. Higher for longer. I am actually surprised, which should be no surprise really.
Both CPI and core CPI above expectations. Core back above 4%. Higher for longer. I am actually surprised, which should be no surprise really.
Not really surprised by anything
I figured they would just make up numbers like the job report and make it look good regardless of the actual numbers.
I've learned I can't time the market, but I am starting to get nervous.
I've learned I can't time the market, but I am starting to get nervous.
Do you have any evidence of this? Pretty bold to say they are lying about job numbers.
They have cover with the jobs number. For one its two surveys, household and corporate, and the response rate is terrible - well under 50% since the pandemic. So of course they can just say the survey is off. Better number is the FRED dataset PAYEMS which is simply the total number of non farm private sector empoloyees. The CPI number is the number who want a job vs those who have one. Its irrelevant from a macro perspective. All that matters is how many people work.
The CPI number is harder to fake. Also anyone that bought milk, bread or gas would know its full of BS. Not to say its not "massaged", because it is, just not as much over the short term.
Bond buyers: here hold my beer
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<--- Still sitting on the sidelines and ain't mad about it.
Just for fun btw -not disagreeing with more of your post.
Anyway,
TSLA is not cheap. I wasnt a buyer when the price was slashed by 50% (gosh, think of these numbers we are throwing around with TESLA many times bitcoin is more stable) Still off its almost $400 a share price high and the company in worst shape still after its run up last year. Lets see, market share going down, prices being cut, profit margins going down and the stock still went up 100% from its low in 2022 (all rough numbers)
If and only if Tesla went down below $100 would I start looking at it, like I look at bitcoin. At $100 it would still be above the automobile industry and the leader in the USA GM trades around 5 times earnings and selling cars as fast as they can produce them.
Tesla at $100 would still be 20 times earnings. I have no clue, not interested in the company, I DO find it interesting and fun to watch.
Maybe if it hit $50 one day I would consider it, like bitcoin sells when it gets trashed as I do think Tesla has the potential to get down to $50 or $75 on the coming two years. I honestly believe they need to fire Elon Musk in order to move forward.
I know my post might sound insane, what is insane, Tesla company stock was selling at nearly 100 times earnings and now sells at 40 times earnings after two years of disappointing results I think it will fall more... but again, no interest other than for fun. Many people foolishly invested heavily into the company and lost a fortune the past few years. The sad part is, currently there is no hope it will ever get back to its glory run up in price anytime soon.
Not bold at all. Look at the revisions of the last few reports. Good job reports are front page news. Downward revisions come months later and are buried in the back.
Lying might be too harsh of a term. Like SCM mentioned above, they have cover.
All I can say is THANK YOU LORD! *LOL*
Im ready to buy a week ago, but kept waiting for a buy in price that I wanted. I think I might get it today, so far so good, let the market get trashed a little longer.
Im not surprised either and I cant help feel there was a hint in there a very little while back when they didnt disclose a rate decrease would be coming any time soon.
The consumer is spending, things are selling, stores are packed, GEN Z home ownership the highest in history, meanwhile the media has people believing the young cant buy homes.
Im ready to buy a week ago, but kept waiting for a buy in price that I wanted. I think I might get it today, so far so good, let the market get trashed a little longer.
Im not surprised either and I cant help feel there was a hint in there a very little while back when they didnt disclose a rate decrease would be coming any time soon.
The consumer is spending, things are selling, stores are packed, GEN Z home ownership the highest in history, meanwhile the media has people believing the young cant buy homes.
Who is THEY?
Always a good discussion
But I think you made my point. Your question was "will we look back 1 year and wish we bought here". Then when mentioning Tesla your now talking about earnings. Which is my point, earnings don't matter till they matter, then there all that matters.
As for this being all about fun, unfortunately if the AI stocks don't make earnings then its going to matter to a lot of people and loose a lot of people a lot of 401K money since there likely in an index. Which is my reasoning for thinking the fed will try to print out of it.
So maybe Bitcoin is a relevant segway on that note?
The plunge protection team. Wall Street Bets. Goldman's Muppets. You know - "they"
I bring that up because many years ago I bought a small amount when it was around $7 or $8000. IT was a long time ago, dont hold me to the numbers, I got rid of most of it when it went up a little, maybe 11000 and started falling, but I still own remnants of it and it still surprises me when I check it once or twice a year. Also have a small amount of XRP (gone nowhere but does sometimes double) on a hard drive someplace, have to get rid of it, maybe both of them. It's not much or I would be out on my yacht in the Caribbean or would try to remember how to get it off of an old hard drive and cash it in. Which I should do before the computer its on is antiquated.
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Some part of the crew happy = rates not increased by professor FED
*LOL me for one! Im not sure yet. (yes I know I dont count)
The hopefull
