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Off-Topic Stock Market & Crypto Discussion

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passitback said:
Man crypto is so ******* volatile. Scares the **** out of me.

I stick to index funds - voo, qqq, etc.
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Compare the 5year chart for bitcoin and QQQ, and you'll see they are similar. I'd argue that bitcoin will be less volatile, to the mean of stocks, once institutions fully participate, which is happening now. Due to the finite amount of bitcoin and it's decentralization, those predictions of $250,000 and upwards are realistic.
 
Bird4um said:
Owned it for a while.... never really accumulated at lows.... wish I did..
Click to expand...
Galaxy has a PE of 6, compared to HUT8 at 14 and COIN at 56. Although they're not apples to apples, they mine like HUT and provide liqudity like COIN (although only to institutions). They should have a PE closer to 20-30. When uplisting occurs, more large financial institutions will be buying. I'm looking at a price of $60 to $100, within 2 years.
 
GladeCane said:
Galaxy has a PE of 6, compared to HUT8 at 14 and COIN at 56. Although they're not apples to apples, they mine like HUT and provide liqudity like COIN (although only to institutions). They should have a PE closer to 20-30. When uplisting occurs, more large financial institutions will be buying. I'm looking at a price of $60 to $100, within 2 years.
Click to expand...
I still own it.. Up 45%.... I have lots of crypto... over weighted.....
 
Nobody lost their asses to the HT meme coin, did you? If you did, you are too stupid to invest--perhaps walk this Earth. Only Godless heathen invest in Welch.

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Tony4Canes said:
Posted about this page earlier

How does this happen?

Did I see over $500
Million then dropped to under $50 Million in less than 30 minutes
Click to expand...

Live by the lack of regulation, die by the lack of regulation. I get why it lacks the oversight that the banking industry has and why that is appealing to investors; but Crypto markets have some unanswered questions that eventually will need solutions to. I don't feel bad necessarily for the people on the losing side of the equation in the market today. Crypto is not for the risk averse--these people have to know what they are getting themselves into by participating.
 
..
8:30 AM
USD Average Hourly Earnings (MoM) (Nov) TRADE NOW
0.4% 1.25 0.3% 0.4%
8:30 AM
USD Average Hourly Earnings (YoY) (Nov) TRADE NOW
4% 0.98 3.9% 4%
8:30 AM
USD Average Weekly Hours (Nov)
34.3 0.00 34.3 34.2
8:30 AM
USD Labor Force Participation Rate (Nov)
62.5% - - 62.6%
8:30 AM
USD Nonfarm Payrolls (Nov) TRADE NOW
227K 0.37 200K 12K
8:30 AM
USD U6 Underemployment Rate (Nov)
7.8% - - 7.7%
8:30 AM
USD Unemployment Rate (Nov)
4.2% 0.00 4.2% 4.1%

Non-farm payroll up solidly post storm and strike
Hourly earnings up
Labor participation down fractionally
Unemployment rate up fractionally as expected
Revision from last month up to 36,000 from 12,000

I still think we get a rate cut, but the #’s are on the high side and there could be a pause. The economy is strong and these are not just government jobs. I also don’t believe inflation goes down to 2%, but stays in the current range.
 
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8:30 AM
USD Nonfarm Productivity (Q3)
2.2% 0.00 2.2% 2.2%
8:30 AM
USD Unit Labor Costs (Q3)
0.8% -1.00 1.9% 1.9%
8:55 AM
USD Redbook Index (YoY) (Dec 6)
4.2% - - 7.4%

Productivity same
Labor costs down
Same store sales down
Inflation numbers tomorrow. Any increase will be negligible imo
Rate cut happening if so
AI rules..
Don’t forget a Santa Claus rally…**** I’m optimistic…lol
 
mr.h said:
8:30 AM
USD Nonfarm Productivity (Q3)
2.2% 0.00 2.2% 2.2%
8:30 AM
USD Unit Labor Costs (Q3)
0.8% -1.00 1.9% 1.9%
8:55 AM
USD Redbook Index (YoY) (Dec 6)
4.2% - - 7.4%

Productivity same
Labor costs down
Same store sales down
Inflation numbers tomorrow. Any increase will be negligible imo
Rate cut happening if so
AI rules..
Don’t forget a Santa Claus rally…**** I’m optimistic…lol
Click to expand...
 
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8:30 AM
USD Consumer Price Index (MoM) (Nov)
0.3% 0.00 0.3% 0.2%
8:30 AM
USD Consumer Price Index (YoY) (Nov)
2.7% 0.00 2.7% 2.6%
8:30 AM
USD Consumer Price Index Core s.a (Nov)
- - - 321.67
8:30 AM
USD Consumer Price Index ex Food & Energy (MoM) (Nov)
0.3% 0.00 0.3% 0.3%
8:30 AM
USD Consumer Price Index ex Food & Energy (YoY) (Nov)
3.3% 0.00 3.3% 3.3%
8:30 AM
USD Consumer Price Index n.s.a (MoM) (Nov) TRADE NOW
315.493 0.50 315.34 315.664

Inflation came in as expected.. up fractionally and on track for a rate cut.
PPI tomorrow
 
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9:30 AM
USD Continuing Jobless Claims (Nov 29)
1.886M - 1.88M 1.871M
9:30 AM
USD Initial Jobless Claims (Dec 6)
242K - 220K 225K
9:30 AM
USD Initial Jobless Claims 4-week average (Dec 6)
224.25K - - 218.5K
9:30 AM
USD Producer Price Index (MoM) (Nov)
0.4% - 0.2% 0.3%
9:30 AM
USD Producer Price Index (YoY) (Nov)
3% - 2.6% 2.6%
9:30 AM
USD Producer Price Index ex Food & Energy (MoM) (Nov)
0.2% 0 0.2% 0.3%
9:30 AM
USD Producer Price Index ex Food & Energy (YoY) (Nov)
3.4% - 3.2% 3.1%

PPI up..hotter than CPI. PPI is commodity inflation..
PPI MoM ex-food & energy stable
Initial jobless claims up slightly
I still think we get 25 basis point cut
It’s possible that autos and appliances, even used, went up after hurricanes???
 
Last edited:
mr.h said:
9:30 AM
USD Continuing Jobless Claims (Nov 29)
1.886M - 1.88M 1.871M
9:30 AM
USD Initial Jobless Claims (Dec 6)
242K - 220K 225K
9:30 AM
USD Initial Jobless Claims 4-week average (Dec 6)
224.25K - - 218.5K
9:30 AM
USD Producer Price Index (MoM) (Nov)
0.4% - 0.2% 0.3%
9:30 AM
USD Producer Price Index (YoY) (Nov)
3% - 2.6% 2.6%
9:30 AM
USD Producer Price Index ex Food & Energy (MoM) (Nov)
0.2% 0 0.2% 0.3%
9:30 AM
USD Producer Price Index ex Food & Energy (YoY) (Nov)
3.4% - 3.2% 3.1%

PPI up..hotter than CPI. PPI is commodity inflation..
PPI MoM ex-food & energy stable
Initial jobless claims up slightly
I still think we get 25 basis point cut
It’s possible that autos and appliances, even used, went up after hurricanes???
Click to expand...
No cuts seems rational to me.
 
Rate cuts are nice but I'm looking at liquidity, employment, and the global economy (very weak).

FED balance sheet 8 to 6.8T. Reverse Repo 2.4T to .18T. Treasury is almost drained. FED keeps selling off assets.

The Sahm rule was triggered in 2024.

China (#2 economy) has a massive real estate issue making 2007 look tiny. Europe has a war and demographics problem.
 
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