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Off-Topic Stock Market & Crypto Discussion

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GladeCane said:
I was going to buy at $25, but got scared off by all the long time holders looking to get out. Bought AVGO instead, big mistake.
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I sold out and am regretting it, watching for a dip to buy back in… also thinking of liquidating stocks.. market has been on a hot streak
 
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mr.h said:
Yahoo finance
“We remain very confident in the long-term outlook for US economic growth," Snider said in an interview on Tuesday. "We remain very confident in the outlook for long-term corporate profit growth. We feel good about the long-term outlook for the average [S&P 500] stock”
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This is the stereotypical "glass half full/empty". I view it as inflation not as under control as previously thought, limiting how much the Fed can cut.
 
SpikeUM said:
This is the stereotypical "glass half full/empty". I view it as inflation not as under control as previously thought, limiting how much the Fed can cut.
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Unless inflation rises sharply again, strong corporate profits and economic growth is a ++ win win.
 
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7:30 USD Building Permits (Sep) 1.425M 1.428M 1.470M
07:30 USD Building Permits (MoM) (Sep) -3.1% -2.9% 4.6%
08:30 USD Chicago Fed National Activity (Sep) -0.28 -0.01
08:30 USD Continuing Jobless Claims 1,897K 1,880K 1,869K
08:30 USD Initial Jobless Claims 227K 243K 242K

Initial Jobless claims down*
Continuing claims up
Building permits down
 
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Daily beast​

Truth Social's Bank Spent Funds on Prostitutes, Drugs and Strippers​

Janna Brancolini

Partners at the Wall Street firm backing Donald Trump's social media platform Truth Social used company funds to pay for prostitutes, abused drugs, partied with strippers and lost millions of dollars gambling, according to a new report in the Wall Street Journal.

EF Hutton is also being investigated for securities fraud, and investors have accused its brokers of pushing speculative investments, according to competing lawsuits filed by two of the firm's partners.

The company specializes in taking risky start-ups public-including Truth Social's parent company.

Uh oh…
 
mr.h said:

Daily beast​

Truth Social's Bank Spent Funds on Prostitutes, Drugs and Strippers​

Janna Brancolini

Partners at the Wall Street firm backing Donald Trump's social media platform Truth Social used company funds to pay for prostitutes, abused drugs, partied with strippers and lost millions of dollars gambling, according to a new report in the Wall Street Journal.

EF Hutton is also being investigated for securities fraud, and investors have accused its brokers of pushing speculative investments, according to competing lawsuits filed by two of the firm's partners.

The company specializes in taking risky start-ups public-including Truth Social's parent company.

Uh oh…
Click to expand...
This should be an obvious question, but does any of this in any way involve Truth Social?

Also, isn't EF Hutton part of Smith Barney now?
 
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08:30 USD Core Durable Goods Orders (MoM) (Sep) 0.4% -0.1% 0.6%
08:30 USD Durable Goods Orders (MoM) (Sep) -0.8% -1.1% -0.8%
08:30 USD Durables Excluding Defense (MoM) (Sep) -1.1% -1.3%
08:30 USD Goods Orders Non Defense Ex Air (MoM) (Sep) 0.5% 0.3%

Core durable goods up
Durable goods orders up
Excluding defense up
Durable goods are products that last 3-4 years
 
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