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Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.
They're pretty tight tbh
Traeger stock down 11% ahead of earnings tomorrow. Been downgraded to neutral.
I'm still all in and buying more. 2023 will suck for grills so plenty more entry points coming, but 2024 is the start of the rebound
Saudis said no yikes
Median CPI accelerated for 3rd consecutive month to 7.2%??
overweights shelter which has a year lag due to the measure they use
do they defend their use of lagging measures to ensure inflation will be killed or just dgaf?
they just decided on a measure and roll with it. on the front end it kept inflation lower for a bit but will also keep perceived inflation longer for a bit.
that's why following smart people who look at all the CPI measures and other shelter calculations is important
some good stuff
Today all the PPI stuff came in lower than expected which was good.
Don’t think that’s true tbh. Reality is that rate hikes and a small number of layoffs (relatively) in tech have dominated the financial press for months.
Funded the rest of my HSA this morning. Instead of buying into the usual index fund, bought 13 shares of Schwab. Will be looking forward to the few hundreds of dollars when it gets back to prior levels
Does seem like we shaved off that tail of the curve
So we’ve gone from a possible systemic regional bank collapse last Friday to the S&P being up 4% this week.
Makes perfect sense in this fucked up timeline.
Pretty much hit the bottom perfectly. For this week at least. Also put 20% of my bonus in my 401k.
Timing the market is normally the smartest move.
I didn't time it on purpose. Just worked out that way when the bonus was paid.
Remember the bottom 3 years ago woooboy
Bottom since then really is Sep-Oct 2022 right
Just over here dollar cost timing the market
Slight beat yesterday, and even with an ugly FY outlook, up 20% this AM
i hate all of you
Sofi up to 4%. Hope Robinhood moves up a little for their gold customers
He's so good
BTC to $1M in the next 90 days?! Am I reading that right
He thinks we're already in hyperinflation and it'll cause Bitcoin to moon
User15000 will be able to bail out a small country…I did re-enter at 21k, eat your heart out Buffet
That's not what Balaji is offering based on my read. He seems to be willing to lay 40:1 odds that the US enters hyperinflation in the next 90 days. Not that BTC goes to $1m in the next 90 days. Still seems like a really dumb bet, but it's lacking some key terms, most importantly how the two sides are defining "hyperinflation."
thats the assumption people are making
but yeah medlocks waiting to get balaji to define hyperinflation for the terms of the bet
I’ve always read the definition of hyperinflation is 50% MoM, seems arbitrary. People in the US would be flipping out at 10% MoM
Terms of the bet: ideally someone can set up a smart contract where BTC is worth >$1M in 90 days, then I win. If it's worth less than $1M in 90 days, then the counterparty gets the $1M in USD.
from his last like 800 word tweet saying he'll do it with Medlock and one other person
Yep just saw that. Quite the call for a decent chunk of money. Pretty dumb. No clue why he’d give 40:1 odds on it either. If anything, the odds should be flipped.
Wish I could be the second person to get the bet
The funniest thing is Medlock is like a small time accountant or something that has just grown a Twitter following by being smart.
Would be life changing money.
it’d be nice to have just a normal chill year
Ike never misses dead money.
That's a very dumb and not well researched tweet
China balloon was a economic event? What?!