Misc Stock Market

[SENC]

Leave Milk And Cookies

... but don't believe; Santa is mythical, of course.
The market, that is. Santa appears to be here, with a ~13 handle overnight move. Am I supposed to be surprised? No. But the yield inversion continues to be nasty, with the TNX under 40 this morning and the IRX at 52.2.
Its always a sign of strength of the economy when the 13 week T-bill trades more than a full point of yield higher than 10 year money.
But... but... but... who says,, time is valuable?

Some time is just more valuable, obviously!

I guess somebody did put time in a bottle.

Need to have gray hair to appreciate it ~

Sold Too YOU!

 

[severestorm]

Wow!

Nike to cut $2B in costs, including layoffs, due to predicted decrease in consumer spending

Nike announced it will cut costs by $2 billion over the next three years on Thursday, including layoffs, amid a “softer second-half revenue outlook” for early 2024. The shoe manufacturer said it an…

thehill.com

 

[KyloG]

What a great 2023...my best year ever, mainly because I did tech all year. I did go all cash mid-December as I was traveling over the holidays and didn't want to watch. But SPX ended the year 9 weeks up in a row and the last time it did that was over 20 years ago. Needless to say I am going to stay all cash probably until mid-January and then assess.

I expect a good year for the markets this year but not nearly as good as 2023 nor as easy. I expect a lot of chop and mis-direction and it will be much more difficult to make money. My plan as of now is not to buy strength, last year you could...and wait for sharp pullbacks to to buy, which I think we get a lot of.

 

[Windergawx]

CLSD has been on my radar for sometime. look into this company would be a long play

 

[Jimmy Hypocracy]

I got smoked on options to close the year. That SPY 410 to 475 move was just disgusting

 

[Windergawx]

I got smoked on options to close the year. That SPY 410 to 475 move was just disgusting

we went on vacation and i left my shorts opened.. lol just now even from back on dec 15th

 

[KyloG]

Gross…who is going to buy this mess.

Day 4 down though. I have no plans to long anything and I don’t short.

 

[Windergawx]

 

[Windergawx]

Kylo try inverse etf's



Like Sdow

 

[Jimmy Hypocracy]

Gross…who is going to buy this mess.

Day 4 down though. I have no plans to long anything and I don’t short.

View attachment 139977

They’ll throw a magic upper wick soon don’t worry.

 

[severestorm]

 

[KyloG]

Would be stunning to see 30k employees laid off with the intent of AI being the reason. That’s 15% of it work force. I’ve said this before but technology shifts create tech jobs not destroy them.

 

[severestorm]

Would be stunning to see 30k employees laid off with the intent of AI being the reason. That’s 15% of it work force. I’ve said this before but technology shifts create tech jobs not destroy them.

GPT has coding in it. Only thing it really needs is you to ask it the question a certain way and with certain parameter's and the program can write the code itself and perform instant data analysis and visualizations. It can walk someone step by step on Github.

 

[KyloG]

GPT has coding in it. Only thing it really needs is you to ask it the question a certain way and with certain parameter's and the program can write the code itself and perform instant data analysis and visualizations. It can walk someone step by step on Github.

Can someone that doesn’t understand code, data analytics just blindly use AI?

AI will change how we work.

 

[severestorm]

Can someone that doesn’t understand code, data analytics just blindly use AI?

AI will change how we work.

Actually yes. And GPT can teach you. I'm using it to learn Javascript and it's easier than taking a class IMO

 

[KyloG]

Actually yes. And GPT can teach you. I'm using it to learn Javascript and it's easier than taking a class IMO

Exactly ?

 

[severestorm]

Exactly ?

That doesn't mean jobs are gained though domestically. You can hire a foreign worker in India at a much lower rate now to write code that takes a fraction of the time it did before. I even expect my rate to decline with AI to compete internationally.

 

[KyloG]

That doesn't mean jobs are gained though domestically. You can hire a foreign worker in India at a much lower rate now to write code that takes a fraction of the time it did before. I even expect my rate to decline with AI to compete internationally.

Tech companies tried the “let’s hire cheap labor” in India thing and it blew up in there face. All the workers did was use big tech to get “paid training” and then they left for higher paying jobs immediately.

We still don’t know how AI will evolve, we got a ways to go before that’s determined.

 

[severestorm]

Tech companies tried the “let’s hire cheap labor” in India thing and it blew up in there face. All the workers did was use big tech to get “paid training” and then they left for higher paying jobs immediately.

We still don’t know how AI will evolve, we got a ways to go before that’s determined.

I worked for one of the biggest Indian tech firms in the world. I know what i'm talking about.

 

[KyloG]

I'm still all cash in my swing accont and I lightened up in my IRA as I really thought we would see a larger pullback in January but so far I am wrong. Nasty looking double top on the SPX and negative divergence is glaring. NVDA is single handily keeping this entire market up...how long can that last...

Or, maybe I am just wrong and SPX pushes through ATH's and market takes off in which I will have to chase.