Oh Vz I love this-- New relic does this as well we should do a side by side look--
baby Nukes so important!!!!
baby Nukes so important!!!!
GBA Presents: House of Gummy-!
- Thread starter stonedinvestor
- Start date
When SOFI gets over $7, we'll start a new thread. If we haven't kicked the bucket.
It's not going anywhere.
New rule... when it jumps 5% in one day and we get the all-caps post... mandantory all caps post the next 3 days when it drops right back down.
Carl Icahn lost $9 billion on an ill-timed short trade. Here's what he says are 3 big lessons from the soured bet.
I should of smoked weed.
Carl Icahn admitted a huge bet against the economy was wrong and cost $9 billion over six years.
- "Maybe I made the mistake of not adhering to my own advice in recent years," he told the Financial Times.
- He also attributed the losses to trillions of dollars the Fed injected into the economy amid the pandemic.
The famed activist investor grew increasingly bearish that the economy would tank in the wake of the global financial crisis and shorted everything from broad market indices to commercial mortgages.
But a Financial Times analysis found that the strategy lost $1.8 billion in 2017 alone and another $7 billion between 2018 and the first quarter of this year.
To be sure, Icahn's portfolio also made about $6 billion from his activist investments even while his short bets were losing $9 billion, according to the FT, resulting in a net loss of nearly $3 billion.
In an interview with the FT, Icahn reflected on his ill-timed short trade. Here are three key lessons:
1. "I've always told people there is nobody who can really pick the market on a short-term or an intermediate-term basis," Icahn said. "Maybe I made the mistake of not adhering to my own advice in recent years."
2. At one point, the value of the securities Icahn had wagered against surpassed $15 billion, an amount that proved especially costly when markets did not go his way. "You never get the perfect hedge, but if I kept the parameters I always believed in … I would have been fine," he said. "But I didn't."
3. At the height of the pandemic, the Federal Reserve's stimulus efforts not only staved off a greater economic downturn, but undermined Icahn's short bets hopes as well. Between 2020 and 2021, Icahn Enterprises reported $4.3 billion in short losses.
"I obviously believed the market was in for great trouble," said Icahn. "[But] the Fed injected trillions of dollars into the market to fight Covid and the old saying is true: 'don't fight the Fed.'"
Check out the website.Oh Vz I love this-- New relic does this as well we should do a side by side look--
baby Nukes so important!!!!
I glanced at the 10Q, there's some complicated financials I'm not in the mood to dig into atm.
(Bloomberg) -- Bank of America Corp. strategist Michael Hartnett reiterated his call to sell US stocks, saying tech and artificial intelligence are forming a bubble and the Federal Reserve’s rate hikes may not be over, with rising bond yields posing a risk.
Hartnett, who correctly predicted last year that recession fears would fuel a stock exodus, recommended selling the S&P 500 at 4,200 — the index’s current level.
If the Fed “mistakenly” pauses rate hikes this year, US bond yields will reflect that by rising above 4%, “and if so we most certainly ain’t seen the last Fed rate hike of the cycle,” strategists led by Hartnett wrote in a note on Friday. The 10-year US Treasury yield traded at about 3.6% on Friday, having surged in the past week amid the debt-ceiling debate.
BofA said AI for now is a “baby bubble,” noting that in the past bubbles always started with “easy money” and ended with rate hikes. They cited the lesson from 1999, when a rally in internet stocks and strong economic data caused the Fed to restart monetary tightening, and the bubble in tech stocks burst nine months later.
The biggest “pain trade” in the next 12 months is the Fed funds rate rising to 6% instead of falling to 3%, given that the market expects rate cuts, according to the strategists.
US equities rallied on Thursday as optimism over steps toward resolving Washington’s debt-ceiling standoff outweighed concerns that the Fed may not suspend its rate-hiking campaign next month. The Nasdaq 100 soared to the highest level since April 2022, with its 14-day relative strength index closing in overbought territory for the first time since early February. The tech-heavy gauge is up 26% this year, one of the best performers among global indexes.
Tech stocks had their fifth week of inflows, while financials saw a third week of outflows, and REITs had the largest withdrawals since November 2022, BofA said, citing EPFR Global data.
Overall, equity funds had $7.7 billion outflows in the week through May 17, while bonds have seen inflows in the past eight weeks.
Hartnett, who correctly predicted last year that recession fears would fuel a stock exodus, recommended selling the S&P 500 at 4,200 — the index’s current level.
If the Fed “mistakenly” pauses rate hikes this year, US bond yields will reflect that by rising above 4%, “and if so we most certainly ain’t seen the last Fed rate hike of the cycle,” strategists led by Hartnett wrote in a note on Friday. The 10-year US Treasury yield traded at about 3.6% on Friday, having surged in the past week amid the debt-ceiling debate.
BofA said AI for now is a “baby bubble,” noting that in the past bubbles always started with “easy money” and ended with rate hikes. They cited the lesson from 1999, when a rally in internet stocks and strong economic data caused the Fed to restart monetary tightening, and the bubble in tech stocks burst nine months later.
The biggest “pain trade” in the next 12 months is the Fed funds rate rising to 6% instead of falling to 3%, given that the market expects rate cuts, according to the strategists.
US equities rallied on Thursday as optimism over steps toward resolving Washington’s debt-ceiling standoff outweighed concerns that the Fed may not suspend its rate-hiking campaign next month. The Nasdaq 100 soared to the highest level since April 2022, with its 14-day relative strength index closing in overbought territory for the first time since early February. The tech-heavy gauge is up 26% this year, one of the best performers among global indexes.
Tech stocks had their fifth week of inflows, while financials saw a third week of outflows, and REITs had the largest withdrawals since November 2022, BofA said, citing EPFR Global data.
Overall, equity funds had $7.7 billion outflows in the week through May 17, while bonds have seen inflows in the past eight weeks.
With my dear and deceased friend and director Don Munroe - this was the show I worked on and chose all the music. This is where I got my entre' to NYC's nightlife and lived a life in the 80's and 90's few could recover from.
Andy died.
Don Died.
My entre' to the nightlife died.
Andy died.
Don Died.
My entre' to the nightlife died.
R.I.P
“Risk is the ultimate differentiator. I have always had a deep and complex relationship with it. I am not a reckless person, but taking risks is really the only way to consistently achieve above-average returns—in life as well as in investments. My father proved that when he left Poland. I am probably more comfortable with risk than most people. That’s because I do as much as I can to understand it. To me, risk-taking rests on the ability to see all the variables and then identify the ones that will make or break you.”
― Sam Zell,
“Risk is the ultimate differentiator. I have always had a deep and complex relationship with it. I am not a reckless person, but taking risks is really the only way to consistently achieve above-average returns—in life as well as in investments. My father proved that when he left Poland. I am probably more comfortable with risk than most people. That’s because I do as much as I can to understand it. To me, risk-taking rests on the ability to see all the variables and then identify the ones that will make or break you.”
― Sam Zell,
Stoney I thought you were 45, how in the hell did you get hired?
That must have been a blast, New York, MTV in the 1985s and hot ladies!