How’s the stock market?

[Northern_Shores]

Getting back up on my feet. Tomorrow night Cory Chase will be eating my ass!

The problem is still that U.S stock market is priced way too high (at least the last time I checked). Inflation and Interest rates are ok, just buy banks/insurance companies and asset heavy stocks and it'll be ok. Also rigs and ships.

 

[casa_mugrienta]

The problem is still that U.S stock market is priced way too high (at least the last time I checked). Inflation and Interest rates are ok

Yes, it's priced way too high.

No, inflation is not going to be OK.

Especially when the Fed pivots.

 

[hammies]

Today was the stock market equivalent of going over the falls on a big day and getting ragdolled on the inside as you are dragged over the reef.

 

[casa_mugrienta]

Today was the stock market equivalent of going over the falls on a big day and getting ragdolled on the inside as you are dragged over the reef.

Good news!

 

[r32]

FFS, the whitehouse had a party today with James Taylor singing Fire and Rain on guitar, on white house lawn to "Celebrate the Inflation Reduction Act'. Meanwhile, the markets are in flames due to dumb ass CPI number. I sh!t you not. Straight out of fucking bizzaro world.

At least it was a good song he was signing.

Today was the stock market equivalent of going over the falls on a big day and getting ragdolled on the inside as you are dragged over the reef.

When ski rescue?

 

[casa_mugrienta]

I kept hearing about how commodities and gas prices had dropped so inflation was suddenly going to plummet this time around. Did people actually believe that? The weird thing is how people who are supposed to understand inflation don't seem to understand inflation.

 

[Senor Sopa]

Read on article today on ZeroHedge about a possible shortage of tanker/cargo ships. Good money to be made transporting large amounts of commodities. The ability to increase the supply of ships is extremely limited.

 

[casa_mugrienta]

Read on article today on ZeroHedge about a possible shortage of tanker/cargo ships. Good money to be made transporting large amounts of commodities. The ability to increase the supply of ships is extremely limited.

I reported this here back in April or May.

LNG tankers too.

You don't need ZeroHedge. You just need the erBB.

 

[casa_mugrienta]

Here's something I was interested in a while back - wanted to see if I could profit off the coming delinquencies. I never got anywhere though. Any suggestions on how to play this, if there's a way?

As 'buy now, pay later' plans grow, so do delinquencies

NEW YORK (AP) — Americans have grown fond of “buy now, pay later” services, but the “pay later” part is becoming increasingly difficult for some borrowers. Buy now, pay later loans allow users to pay for items such new sneakers, electronics, or luxury goods in installments.

apnews.com

 

[Northern_Shores]

Why do you care about this crap? Buy cheap stocks, forget about all the other clowns. I got pay from work today. I spent $100 on new shoes, $150 went to food for a few weeks, and $3000 on ships and oil rigs.

I don't care about consumer retards shitting away their money, overpriced shitstonks, shitflation and shittageddon. All I do is buy banks, insurance companies, rigs and ships. I have a bunch of money now and about this time next year I will have my pencil wiener rammed up the shitter of some Hungarian whore in Monaco.

 

[Sharkbiscuit]

Newly-single Ukrainian and Russian women hither and tither and you're about a Hungarian? I mean there's some hotties, but I'm thinking some others are trading at a steep discount.

 

[casa_mugrienta]

Eastern European women are often weird looking.

Moreso than any other regional group on the planet. Besides maybe the Inuit.

I don't know what it is about them.

 

[freeride76]

Eastern European women are often weird looking.

Moreso than any other regional group on the planet. Besides maybe the Inuit.

I don't know what it is about them.

genetics

 

[casa_mugrienta]

genetics

Yes.

But what exactly is it - just a weird combo of intermingled groups?

 

[freeride76]

I don't find them weird.

at all.

The blokes look way weirder.

 

[casa_mugrienta]

first time in 38 weeks, more new highs than new lows in the NYSE/NASDAQ. have we turned the corner?

casa will always be in bear market territory. the rest of us are likely seeing significant gains in our portfolio over the last few weeks.

Reality bites

 

[r32]

FedEx (-20%) and UPS (-15%) getting rocked in pre market.

FedEx CEO warning of global recession coming.

 

[sussle]

Reality bites

yet somehow we're all still doing well. shall we have this conversation again?

 

[PRCD]

FedEx (-20%) and UPS (-15%) getting rocked in pre market.

FedEx CEO warning of global recession coming.

Our orders are soft too. White collar layoffs are here. Every CEO is saying the same thing.
Looks like retired Boomers may be coming back off the bench if this keeps up. I suppose this is good because they're the only ones that know how to do anything. It pains me to say this as Gen X haha.

A further 27% drop in the S&P 500 could be coming if inflation hawks are right, Goldman Sachs team warns

Goldman Sachs chief markets economist Dominic Wilson and global markets strategist Vickie Chang crunched the numbers on what it would mean if Fed has to take...

www.marketwatch.com

 

[Chocki]

Newly-single Ukrainian and Russian women hither and tither and you're about a Hungarian? I mean there's some hotties, but I'm thinking some others are trading at a steep discount.

Buffett says the market will be flat for another year and no one knows more about the stock market than Jimmy Buffett.

And Romanian chicks bro. Romanian chicks.