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Off-Topic Stock Market & Crypto Discussion

mr.h said:
Munger from Berkshire said Chinese electric cars are killed Tesla. He mentioned one brand, but I’m too lazy to look it up. Munger is also adding APPL.
IMO APPL is a $200. Stock and should hit $175 sooner rather than later. I also think Google will catch up with AI but will lose advertising money. Hopefully they make it up with their cloud services.

PPI numbers tomorrow.
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It’s probably byd
 
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Lots of tech popping tonight. It’s gonna be volatile this week

ROKU
Shop
Ttd
Twilio
Cisco.
💰💰💰

Zillow now down(I don’t own any)
 
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Good earnings, strong consumer, strong retail, less inflation worries, Oil, Gold and VIX down.
Is this a bull market or a bear trap?
 
mr.h said:
Munger from Berkshire said Chinese electric cars are killed Tesla. He mentioned one brand, but I’m too lazy to look it up. Munger is also adding APPL.
IMO APPL is a $200. Stock and should hit $175 sooner rather than later. I also think Google will catch up with AI but will lose advertising money. Hopefully they make it up with their cloud services.

PPI numbers tomorrow.
Click to expand...

I didnt hear but the two big brands are Geely and BYD. Geely owns Volvo I believe.
 
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SpikeUM said:
I didnt hear but the two big brands are Geely and BYD. Geely owns Volvo I believe.
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You were both right, it was BYD.
He likes a couple of Chinese stocks that can go south along with our relations with China's POS regime.
 
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PPI is up across the board in regards to consensus, with the exception of the Philly Fed Numbers.
USDPhiladelphia Fed Manufacturing Survey(Feb) TRADE NOW-24.3-2.88-7.4-8.9
 
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SpikeUM said:
But with inflation still running hot and accelerating, the Fed has no choice.
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There are other choices. I’m old enough to remember capping prices. Food and energy come to mind. Our electric bills are up 30-40%. These are monopolies. We can also pass the windfall profit taxes on energy companies and banks. Whatever happened to usery laws? Fees are out of control.
These practices do not hurt the consumer like interest rate hikes. And like I said, everything should be on the table. And no, I’m not a socialist..
 
mr.h said:
There are other choices. I’m old enough to remember capping prices. Food and energy come to mind. Our electric bills are up 30-40%. These are monopolies. We can also pass the windfall profit taxes on energy companies and banks. Whatever happened to usery laws? Fees are out of control.
These practices do not hurt the consumer like interest rate hikes. And like I said, everything should be on the table. And no, I’m not a socialist..
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HMMMMMM, will keep my mouth shut
 
SpikeUM said:
HMMMMMM, will keep my mouth shut
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All I’m saying is we already raised rates in an incredible amount of time, and it’s not working. My ideas would not hurt the economy as bad as rate increases and it would lower debt.
 
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mr.h said:
All I’m saying is we already raised rates in an incredible amount of time, and it’s not working. My ideas would not hurt the economy as bad as rate increases and it would lower debt.
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My first answer was correct, but realistically, the issue is that the consumer is spending anyway. Capping prices would only make them spend even more.

Also, price controls ultimately make a problem worse, not better. If a landlord is rent controlled, he is not going to make improvements, add more units etc. Similar deal with farmers, and with energy companies. When the Federal government wants to put you out of business, you dont invest in the future, ultimately causing shortages.
 
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SpikeUM said:
My first answer was correct, but realistically, the issue is that the consumer is spending anyway. Capping prices would only make them spend even more.

Also, price controls ultimately make a problem worse, not better. If a landlord is rent controlled, he is not going to make improvements, add more units etc. Similar deal with farmers, and with energy companies. When the Federal government wants to put you out of business, you dont invest in the future, ultimately causing shortages.
Click to expand...
Raising interest rates until we destroy the economy and put millions out of work is also not the answer. If consumers can't pay their bills, businesses will fail. markets will crash creating mountains of debt, and we'll have to bail them out again. Everything should be on the table.
 
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