Anybody Buying Yet? Where’s the Bottom?

[SAJ-99]

You going with red 98 and going to buy some vde or bitcoin to hedge the dollar?!

I will never be on the same page as Red. If I wanted to hedge the dollar I would just buy a safe haven currency like the Swiss Franc or Yen, or even the Euro I see no reason to “hedge” the dollar, yet. Bond Market is already pricing in a default in next 4 wks. 3month-10yr inversion nearing 2%. Hard to believe this plays out like everyone thinks when positioning looks like it does. Just don’t have any real clarity on how this mess cleans itself up.

 

[BigHornRam]

I will never be on the same page as Red. If I wanted to hedge the dollar I would just buy a safe haven currency like the Swiss Franc or Yen, or even the Euro I see no reason to “hedge” the dollar, yet. Bond Market is already pricing in a default in next 4 wks. 3month-10yr inversion nearing 2%. Hard to believe this plays out like everyone thinks when positioning looks like it does. Just don’t have any real clarity on how this mess cleans itself up.

"When the oil stops, everything stops, nothing left in the fountain
Nobody wants paper money, son, so you just well stop countin'
Can you break the horse? Can you light the fire? What's that, I beg your pardon?
You best start thinking where food comes from and I hope you tend a good garden"

 

[SAJ-99]

"When the oil stops, everything stops, nothing left in the fountain
Nobody wants paper money, son, so you just well stop countin'
Can you break the horse? Can you light the fire? What's that, I beg your pardon?
You best start thinking where food comes from and I hope you tend a good garden"

If it comes, no one avoids the apocalypse.

 

[Deleted member 28227]

"When the oil stops, everything stops, nothing left in the fountain
Nobody wants paper money, son, so you just well stop countin'
Can you break the horse? Can you light the fire? What's that, I beg your pardon?
You best start thinking where food comes from and I hope you tend a good garden"

Well at this point the problem is too much oil soooo

 

[BigHornRam]

Well at this point the problem is too much oil soooo

The problem is too many "smart" people want to destroy the industry. And the entire world economy as well.

Either that or they are completely incompetent, which is also a distinct possibility.

 

[BigHornRam]

If it comes, no one avoids the apocalypse.

Everyone's priorities will come into focus quickly. Some will adapt. Some will not.

 

[Deleted member 28227]

The problem is too many "smart" people want to destroy the industry. And the entire world economy as well.

Either that or they are completely incompetent, which is also a distinct possibility.

Bring on that $200 oil , daddy wants a new corolla

 

[BigHornRam]

Bring on that $200 oil , daddy wants a new corolla

Only if it's electric.

 

[SAJ-99]

Everyone's priorities will come into focus quickly. Some will adapt. Some will not.

Odd statement coming from the guy who pushes back on any type of change.

 

[Sytes]

If anyone follows Buffett's earnings commentary, seems he's preparing his holders for a market downturn / lower earnings across the board. Was a great listen /watch as he has his earnings w/video feeds. Here's a daunting review.

Warren Buffett Warning to Bank Investors as Berkshire Hathaway Prepares for Impact (BRK.B)

Warren Buffett dumps billions in U.S. stock shares and warns of the end of an ‘incredible period.’ Click here to learn why Berkshire Hathaway stock is a Strong Buy.

seekingalpha.com

Found the video of any have interest. He's not the god of the market though his words resonate enough to cause market blinders to slightly shift.
Anyhow, for any interested (and time). I enjoy their earning calls.

Berkshire's 2023 annual shareholder meeting: Watch the full morning session

Berkshire Hathaway Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the 2023 Berkshire Hathaway annual meeting.

www.cnbc.com

 

[antelopedundee]

Will CMG pass AZO pricewise?

 

[TOGIE]

Will CMG pass AZO pricewise?

long term yes.

surprised myself just now realizing it actually already has a higher market cap.

long long term? puts on AZO because cars are going to become simpler in some contexts. won't be able to replace your battery at autozone and nobody will need engine oil anymore and they can't command that market cap just selling windshield wipers and air fresheners

the autozone of the future will actually just be like an apple genius bar

IMO of course

 

[RSET]

Not yet for me either, also doing my best not to sell in fear lol. I have my eye on NVDA and AMD as they've been dropping a lot but were killing it beforehand.

Hope you held on to that NVDA!

 

[howl]

RDFN up 110% for me. I'd sell except I sold enough to pay for it when it was up 60%. If the amounts weren't so small I'd be bragging. Amusing.

I'm still not buying.

 

[Red-Team 98]

You going with red 98 and going to buy some vde or bitcoin to hedge the dollar?!

No too Bitcoin
Yes to VDE and XLE adding
Expect Recession peak July and Aug and 4th quarter rebound.
If you have a small reserve in cash suggest MM @ 4.7%

 

[SAJ-99]

Even the algos are falling for fake news on Twitter.

Fake picture of explosion at Pentagon spooks Twitter

The image, which depicts a large plume of smoke next to a rectangular building with only a passing resemblance to the Pentagon, was shared by a series of verified news and open-source intelligence Twitter accounts.

www.nbcnews.com

 

[schmalts]

LPG announced earnings this morning. Man I wish I bought more of this when I had the chance. Even when Russian War cools off they will want to buy our LNG. Great dividend stock for those looking for that income.

 

[SAJ-99]

Market starting to take the stalled debt-limit negotiations seriously...and things are getting weird.

The offer is purely hypothetical at the moment, but at least 10 Democrats stand ready to cross party lines to help him retain his post as speaker if Republican hard-liners try to oust him in the aftermath of a debt-limit deal, according Representative Dean Phillips of Minnesota, who is involved in the effort.

 

[antelopedundee]

Hope you held on to that NVDA!

I did.

 

[schmalts]

I truly believe every time we allow the debt ceiling raised we push ourselves closer to socialism. I don't care what party is in control we need to stop ignoring the problem and cut spending