How’s the stock market?

[PRCD]

If you are betting against Pemex or Cemex, well friend you are going to lose your shirt.

Cemex creates a copilot to cement its foundation with customers (microsoft.com)

 

[Chocki]

“most AI companies are still trying to find monetizable applications of AI itself. Palantir stands out as the exception: I think the company has already discovered scalable and highly profitable AI applications. This is further proven by the 152% year-on-year growth in US Commercial Total Contract Value and 55% year-on-year growth in US Commercial Revenue.

Palantir’s AI approach is centered on ontology, a method of organizing data that reduces AI “hallucinations,” leveraging the company’s decades of experience working with militaries worldwide. Palantir’s AI applications span from Supply Chain efficiencies to cost reduction strategies.“

”Airbus saw a 33% acceleration of their A350 plane production

British Petroleum saw a 60% cost reduction per barrel

• Jacobs Connect saw a 30% reduction in power utilization
• 
  
• Panasonic saw a 12% reduction in waste
• 
  
• ESI Group saw a 70% faster ERP harmonization
• 
  
• Pacific Gas & Electric saw a 65% reduction in transformer ignitions
• 
  
• Eaton Corporations saw a 25% increase in productivity
• 
  
• Tyson Foods saw $200mn in cost savings”

https://seekingalpha.com/article/4713181-palantir-worlds-best-ai-stock-heres-why-im-doubling-my-position

Missed Out on NVIDIA's Run-Up? This Is the Best AI Stock To Buy Now

Best known for its predictive analysis work, Palantir Technologies' AI platform has turned the heads of analysts, making it a viable AI stock.

247wallst.com

 

[Chocki]

For @Mr Doof

PLTR Technical Analysis: Ride Out the Recovery!

You can apply PLTR technical analysis right now to show that the Palantir stock bulls are on the winning side of the trade.

investorplace.com

 

[r32]

Buffet bought 690,000 shares of ULTA.

It's down 45% from ATH. I know nothing about that industry but scooped at 360.

https://finance.yahoo.com/news/buffets-berkshire-hathaway-shakes-holdings-204531474.html

Space Mobile ASTS up a 1100% since May. Fml totally missed this one.

 

[vanrysss]

My portfolio has mostly recovered from the correction. This train has no brakes etc.

 

[hammies]

Stock market: Up.
Inflation: Down.
Unemployment: Low.

Sounds like things are humming along nicely.
Except if you listen to politicians who scream nonstop, "The economy is in the shitter!"

 

[grapedrink]

Stock market: Up.
Inflation: Down.
Unemployment: Low.

Sounds like things are humming along nicely.
Except if you listen to politicians who scream nonstop, "The economy is in the shitter!"

“The economy is gonna crash!!!”

Same people 4-6 years later . . . .
“I predicted the recession!!!”

 

[grapedrink]

Buffet bought 690,000 shares of ULTA.

It's down 45% from ATH. I know nothing about that industry but scooped at 360.

https://finance.yahoo.com/news/buffets-berkshire-hathaway-shakes-holdings-204531474.html

View attachment 188244


Space Mobile ASTS up a 1100% since May. Fml totally missed this one.

View attachment 188249

Started buying b class shares of BH a few months ago in my HSA. Were in the low 400s at the time, already up 10%

 

[PRCD]

“The economy is gonna crash!!!”

Same people 4-6 years later . . . .
“I predicted the recession!!!”

I don't know what to think about the news nowadays. Remember the "six months from meme/conspiracy to reality" idea during COVID? The time has shortened:


ARE ECONOMY (whatever that means) might be growing, but that doesn't mean people are doing well.

https://www.cnbc.com/2024/08/12/59percent-of-americans-think-the-us-is-in-a-recession-report-finds.html

 

[hammies]

ARE ECONOMY (whatever that means) might be growing, but that doesn't mean people are doing well.

https://www.cnbc.com/2024/08/12/59percent-of-americans-think-the-us-is-in-a-recession-report-finds.html

That's like people getting a new Lexus and complaining "This car is a POS!" because they were told over and over that Lexus' are crap.

When the Lexus gets repo'd in the next real recession and they are relegated to driving a '98 Ford Escort they will realize their lesson learned.

 

[StuAzole]

I don't know what to think about the news nowadays. Remember the "six months from meme/conspiracy to reality" idea during COVID? The time has shortened:
View attachment 188278

ARE ECONOMY (whatever that means) might be growing, but that doesn't mean people are doing well.

https://www.cnbc.com/2024/08/12/59percent-of-americans-think-the-us-is-in-a-recession-report-finds.html

Real data and opinion are often at odds:

Surveys and the Economy—What They Do and Don’t Tell Us - Beacon Economics

Surveys capture narratives that may not fully reflect reality. How can we link the narratives of behavior and opinion?

beaconecon.com

 

[LBKpilot]

I said earlier it's a bouncy dead cat

 

[expotatonator]

The important Buffet (Jimmy) did a posthumus facebook post which nobody wants to talk about.

 

[casa_mugrienta]

That's like people getting a new Lexus and complaining "This car is a POS!" because they were told over and over that Lexus' are crap.

When the Lexus gets repo'd in the next real recession and they are relegated to driving a '98 Ford Escort they will realize their lesson learned.

Repos are up 25%.

Do you have a job?

I work with general public - every walk of life - people are struggling.

Boomers are doing OK - cushy pensions and 401Ks.

Some CA beaches had 400% more visitors this year - the reason is people can't afford to travel and stayed home instead.

 

[StuAzole]

Repos are up 25%.

Do you have a job?

I work with general public - every walk of life - people are struggling.

Boomers are doing OK - cushy pensions and 401Ks.

Some CA beaches had 400% more visitors this year - the reason is people can't afford to travel and stayed home instead.

There’s no doubt 2021 era inflation took a toll on lots of people, particularly when you’re looking at higher priced cars purchased with higher rate loans. I haven’t think stimulus payments from both Thruster and Soft Top gave consumers more financial confidence than they should have had.

But wages have been rising faster than inflation for the last 18 or so months too, so there’s definitely a bit of benchmarking going on when people think about how things are today.

Example would be gromsdad, who insists inflation is skyrocketing still - despite now being under 3% - because he used to pay less for milk in 2020.

 

[PRCD]

Repos are up 25%.

Do you have a job?

I work with general public - every walk of life - people are struggling.

Boomers are doing OK - cushy pensions and 401Ks.

Some CA beaches had 400% more visitors this year - the reason is people can't afford to travel and stayed home instead.

If you're a Boomer who worked for the state of California or other public entity, you're likely doing awesome.

Boomer empathy challenge: impossible.

 

[hammies]

If you're a Boomer who worked for the state of California or other public entity, you're likely doing awesome.

Boomer empathy challenge: impossible.

STRS retirements are not going to enable anyone to live the good life. At least not in the kinds of places surfers live, unless you bought your home a long time ago.

Single-wide in Bakersfield? Then yeah, that teacher retirement check goes a lot further.

 

[grapedrink]

STRS retirements are not going to enable anyone to live the good life. At least not in the kinds of places surfers live, unless you bought your home a long time ago.

Single-wide in Bakersfield? Then yeah, that teacher retirement check goes a lot further.

From what I understand, teachers are on a different pension structure compared to firefighters, police officers, clerks etc. Many of them retire at 90%+ of their final year salary if they stay long enough.

 

[PRCD]

From what I understand, teachers are on a different pension structure compared to firefighters, police officers, clerks etc. Many of them retire at 90%+ of their final year salary if they stay long enough.

It's pointless talking to a Boomer. Talk to concrete instead - it's more cathartic.

 

[PRCD]

The U.S. Income Distribution: Trends and Issues

www.everycrsreport.com

This is BEFORE the run-up of inflation:


Notice exactly 3/5ths of the population in the CBS article I linked above said their situation was more tenuous now. You're doing fine if you're in the top two quintiles though.