What is too late if the economy is in such a good place?

Inflation keeps going down .
Having a high real interest rates for no reason while government makes huge deficit isnt a good idea usually .

I’m not saying it’s a good decision on both stance but that is what’s happening .

Because the Fed is supposed to be targeting where the ball will be, not where the ball currently is. The stats and leading indicators show the economy is doing well but heading in the wrong direction, esp the current trend in employment and overdue balances / late payments on consumer debt.

A bit surprised by IBKR's strength. Is their growth overshadowing the rate cuts?

Forget stocks, its prolly time to become a bond trader. How long would that take for me to gets good at?

Wonder if that ol vampire Soros is betting against US. Some people might think..... we have 0 intention of paying that all back.

Yeah the debt won't be repaid another bond will be sold as another one matures.

And if people don't want to buy bonds issued by the United States then the Fed can print money to buy them all.

That's why Buffett is always bullish on the stock market. He knows that if worse comes to worst it's the dollar that's going to zero not stocks.

https://www.youtube.com/watch?v=Q2om...st=LL&index=28

Nice video, I like the boomer laugh at the end, our credit is good. Sure buddy... One day people will say no thx to lending 20-30 yrs to the ol USA for 5 percent. I try and ignore the news, but the radio in the car got me listening. There were a number of those loafers in congress that said whoever next Pres will be, the debt crisis Will raise its head in the next 4 years. So people are aware, this is a problem now, not later. Bond market will prolly swing around.

Hmm well maybe bonds later. Powell is cutting and markets at highs, why not 7k on the snp500. Parabolic is a fun word. I shouldnt have said forget stocks, sorry, I meant moar. Yes yes we are going bk, but whatevah

Look at Turkey's stock market. Thier economy sucks, but hey check out them stonks

At some point I think the government will have to default on some of the bonds - or hyper inflate the currency. Both are gonna be really bad.


Inflation is going down based on CPI - but if you trust government numbers you would be fooling yourself.

Insurance keeps going up - so you gotta ask yourself is the company gouging or are things just getting more and more expensive.

Also one reason the CPI was so light even with the cooked government numbers is because oil is taking. Gold is telling a different story so will see which one is right.

I am not buying treasuries yielding less than 4%. Real inflation is higher than that. You would be better off in equities. (some good quality equities are so cheap - I think BABA under $100 is a steal) The only sensible reason to buy treasuries is if you were selling yearly puts way out of the money on SPY for example while you hold a 1 - 2 year bond because it gives you 99% of the option buying power if you hold treasuries which are essentially cash that gets released to you in a year or 2.

IMO the bond market will start setting the price of these. If I was a billionaire I would have a hard time finding places to park my money for the long term, so I guess that's who is buying these now. Really hard to say. Much easier to manage less than 10 million than 1 billion.

I like Snapchat here a lot. It is down 80 percent from Covid highs. Daily active users has continued to grow and is now a record 440 dau. Snapchat + hit 11 million paid subscribers. They added a bunch of new video related features to land more lucrative ad spend. In recent quarters they have gotten hammered after earnings but i believe q3 will be the turning point in that dynamic. One of the big reasons for that will be political ad spend in q3 from pacs that have raised billions this election cycle. Ive done a lot of research and Snapchat is much stronger than is generally assumed to be true.

non sequitor

https://fiscaldata.treasury.gov/data...t-to-the-penny

US Public Debt is $28Tn, not $35.

The other 7 is money one branch owes the other, like taking a $5 bill from your left pocket and 'paying' it to your right pocket. It nets out like writing an IOU to yourself.

The ignorant and irrational have been peddling this nonsense since the 1970s. Terrible analysis then, and now.

US Household Net Worth is like almost 6x the public debt. You could just do a 1-time tax of 17% of everyone's net worth and our federal debt would be zero. It's simply just not an issue at this time.

You're complaining about a 'family' that has $1m mortgage but $5.85m in Net Worth. They can afford the $33k of annual interest on their mortgage, [using July figures from Statista for that IR of US debt].

That doesn't include the Fed's assets of: land, gold, oil & gas, ability to raise money through leases, et al, ad infinitum.

It’s certainly not a median average right ?
Good luck taxing billionaires families 17% ….

And again net worth isn’t cash .
As you sell shares for example the prices will go down more And more .
Not all shares , houses , etc are value the same .

The U.S. fiscal situation is in fact problematic but is still better then many .

Wow, your counterexamples completely destroyed his whole point. Like it's over for him. He didn't account for the stock prices going down. You understood the hypothetical completely and smashed it with cold reality.

Nvidia...
In @ $28
Hodl @ $1340
FTW!

I'm just glad I made GOOG my largest position when it was $11.

Sometimes investing is ez.

Sometimes I think about all the Apple shares I bought under $1 in 2003. And then sold when it doubled.

Sometimes I think about having made that mistake in Apple multiple times. Finally learned my lesson at $16.28 -- stop trading Apple!

AAPL didn't trade under $1 in 2003. You're using adjusted prices.

The low close in 2003 was $5.54 unadjusted on April 17, 2003.

https://stooq.com/q/d/?s=aapl.us&i=d...&o=1000000&l=5 (check the skip Splits checkbox for unadjusted price history)

I had loaded up on Tesla @ 187... we're flying now.

I like $DASH heading into earnings. A dynamic that is starting to happen is that they are adding a lot of large grocery stores and retailers.

Average order size will increase and being a Dasher will become more lucrative as the number of delivery types keeps increasing.

Its not a direct threat to any of the large retailers at scale per capita but it will have a higher gross margin on most of those deliveries dollar for dollar than even the retailers themselves.

After the initial deployment of the fulfillment software by the retailer its mostly passive for them. Even at small order levels per day retailers get extra sales and exposure without much upkeep. For some businesses Doordash could be massive.

Doordash is creating a serious moat that may become impossible for all but the largest retailers like Amazon and Walmart to have the sales capacity and capital to replicate.

That delivery network of 2 million dashers is incredibly valuable. The ways that can be monetized could impact everything from package delivery to courier services.

Last earnings the stock was up 8 percent. I predict an even bigger move up this time.

I wish I had GOOG at $11 and not CPRI at $50.

Is there anyone here making a living from day trading?

According to your screen name YOU! Tell us all about it.

I started to study years ago, but didn't had success. Took a time off, started to study and trade again a few years later, one more time I failed . Then, started again, and failed again.
Then decided I would become a poker player. (Had studied for some time in past). I studied for some months and made it up to 25NL. Then, I decided to try trading again because of the higher income potential.
I was determined to succeed. Took some time just studying and started to trade.
Around the 5° month of trade I had my 1° month of consistency.
But in half way I got completely out of track.
I absolutely had a mathematical edge but acquired a horrible mentality when started to make a relative decent money on a daily basis.
I stoped to be technical and think in terms of EV, and started to think only about making huge amounts of money (relative), everyday. I was taking trades I shouldn't when there were not good opportunities because I didn't want to have a day without making money.
I got blindly greedy after seeing those fat daily profits.
I started to use compounding calculator to forecast ideal returns for the next months and dream about a luxurious lifestyle. haha
And that was the phormula to fail again. Later or sooner I would **** up everything, because it's impossible to succeed in the markets with such trash mentality. In a certain day, I should just accept a 12 ticks stop and move on. But I was not acepting losses very well. I started to defend the next defense levels and increasing position size until I got so tilted I went 'ALL IN' and leave the room. When I was back to the screens I was broke. I'm glad this happened early.
Now, I'm starting again and determined to keep a world-class mentality.
These ones below are day by day P&L graphs.