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The S&P 500 will top soon at 2925-2930
- Thread starter volente_00
- Start date
Yep that's because it's all smoke and mirrors and fed intervention.... it's all trillions in stock buybacks and historical low interest rates, followed by a fed that will do anything and bow to wallstreet anytime wallstreet cries like a little a bitch....of course no textbook would have predicted this!
ECONOMY
Warren Buffett says no textbook could have predicted the strange economy we have today
https://www.cnbc.com/2019/05/03/buffett-no-textbook-predicted-the-strange-economy-we-have-today.html
ECONOMY
Warren Buffett says no textbook could have predicted the strange economy we have today
https://www.cnbc.com/2019/05/03/buffett-no-textbook-predicted-the-strange-economy-we-have-today.html
I didn't like it one bit, the beyond burger/meat. Have not tried the impossible burger but I heard was good. I like the Field Burger which is handmade in Seattle sold in publix/Milans made from barley, celery and carrot.
Company has zero profits and now worth over $3 billion....yep.
I think BYND is a short here. I don't care that they don't make a profit yet (it is a speculative high growth stock) as much as they were trading at 50 times sales. However, even if you believe in their mission, they don't have a monopoly on it, and I don't believe whatever patents they have really stop other competitors from jumping into the space. Tyson sold their stake and is creating their own fake meat. They have more financial resources than Beyond Meat does and I expect they will talk more about their plans on Monday morning during their earnings call. BYND has a chance to pullback drastically in response. Seeing this under $50 by the close wouldn't shock me. Most people who compare the Impossible to Beyond say that Impossible is better. They are going to have a tougher time engineering less consistent meat than ground beef (chicken, pork, steak, etc). Is fake meat the future? Possibly. Putting aside any moral reasons, there's good reason to believe that it will be more economical than meat in the not too distant future and that fake meat is the future of the food industry. However, it's the first major fake meat maker to hit the IPO market so of course people are behaving stupidly in response.
I think BYND is a short here.. However, it's the first major fake meat maker to hit the IPO market so of course people are behaving stupidly in response.
I have nothing for or against BYND other than to say that this is how IPO's have been trading lately. Look at #JMIA #PINS #LYFT #TIGR #SOLY... it's retarded - doubling and tripling inside of a day or a week then... well, we'll see.
Take your chances with a short but I hope you're capitalized. I went long JMIA on opening day and I certainly would not have wanted to be the guy on the other side of my trade.
Be careful, let's hope history doesn't repeat.I have nothing for or against BYND other than to say that this is how IPO's have been trading lately. Look at #JMIA #PINS #LYFT #TIGR #SOLY... it's retarded - doubling and tripling inside of a day or a week then... well, we'll see.
Take your chances with a short but I hope you're capitalized. I went long JMIA on opening day and I certainly would not have wanted to be the guy on the other side of my trade.
I was printing money back in the dot com days using your logic, until one day they all came crashing down. Now, when profitable, I took some money off the table, just in case.
Best wishes to you.
%%Volente and Peks continue their 1, 2 punching of spot on analysis.
SPY $300?? That is another up/uptrend from the headline forecast 292...293.......
Another bullish trend , again ; Stock Traders Almanac, [2018,page 130, 4 year cycle noted super strong trend of Pre-election year.
NOT a prediction, not long QQQ; actually i though MAR [SPY, QQQ,sell off would be better/ better bearish].
QQQ could lose 50% or gain 50% from here ;it has done better than that before, in 52 weeks...............................................................................
Futures are in free fall!!!!!!!!
Going to be an awesome session tomorrow!!!
More garbage talk about tariffs
A sharp sell-off will start the week on Wall Street after President Donald Trump said on Sunday that the U.S. will hike tariffs on goods imported from China, casting doubt on recent optimism that the world’s two largest economies were close to a resolution to their trade battle.
Dow Jones Industrial Average futures lost 400 points after falling as much as 479 points earlier Sunday evening. S&P 500 futures dropped 1.3% shortly after their open Sunday evening, while Nasdaq-100 Index futures dropped 1.5%.
https://www.cnbc.com/2019/05/05/traders-brace-for-sharp-sell-off-on-trumps-tariff-threat.html
Going to be an awesome session tomorrow!!!
More garbage talk about tariffs
A sharp sell-off will start the week on Wall Street after President Donald Trump said on Sunday that the U.S. will hike tariffs on goods imported from China, casting doubt on recent optimism that the world’s two largest economies were close to a resolution to their trade battle.
Dow Jones Industrial Average futures lost 400 points after falling as much as 479 points earlier Sunday evening. S&P 500 futures dropped 1.3% shortly after their open Sunday evening, while Nasdaq-100 Index futures dropped 1.5%.
https://www.cnbc.com/2019/05/05/traders-brace-for-sharp-sell-off-on-trumps-tariff-threat.html