Talking stocks, trading, and investing in general

[amerikajinda]

Buffet doesn't like banks anymore (except BOA) - are you guys bearish on banks too?

 

[Cause Moe]

If you draw enough charts, some of them will look right.

I like the decorative boxes added to the unlabeled data. All the red boxes lean right, and all the blue boxes lean left. Scientifically proven by scientists.

 

[brokencycle]

Guys, give @Omega Male a break: he's going through a tough enough time in the home ownership thread. Don't discourage him from posting his garbage slides.

 

[Piobaire]

50% drop in the market incoming. Who's liquidating on this advice?

https://www.cnn.com/2023/04/13/investing/housing-stock-market-bubble-jeremy-grantham/index.html

 

[brokencycle]

50% drop in the market incoming. Who's liquidating on this advice?

https://www.cnn.com/2023/04/13/investing/housing-stock-market-bubble-jeremy-grantham/index.html

I will wait for the dip. When everyone zigs, you have to zag.

 

[Piobaire]

This is the way.

 

[jbarwick]

Grantham has been predicting this every year since the GFC. Also, clicking through GMO funds, they are lagging their benchmarks over the past 10yrs but they are quick to point out if you have been investing with them since inception, you would have made some premium. What's to say they didn't get lucky early on and are just 5hitting the bed now?

 

[venividivicibj]

50% drop in the market incoming. Who's liquidating on this advice?

https://www.cnn.com/2023/04/13/investing/housing-stock-market-bubble-jeremy-grantham/index.html

zero people

 

[ValidusLA]

Everytime I see a MW or Barron's headline predicting doom I click on it. Then the expert being quoted is Grantham or Roubini and I stop reading.

 

[Texasmade]

Everytime I see a MW or Barron's headline predicting doom I click on it. Then the expert being quoted is Grantham or Roubini and I stop reading.

It's the equivalent of @smittycl posting his climate doom stuff.

 

[nootje]

I’m not a doom thinker, but average P/E is currently 22 for the S&P500. With the fed fund rate at 5% that means you’re entirely dependent on earnings growth for stocks to make sense.

The economy is doing well, but it does make me jittery..

 

[ValidusLA]

Looking outside nonsense stock land, seems to me like tons of stuff is undervalued.

Take Vornado. They are at a sub $3b market cap. They have $12b+ in real estate. If every bank loan got called in today, they'd still have more assets than market cap. And they give 10%+ div.

But commercial real estate is dead forever! New York is dead!

They own like everything near Penn Station, tons near Times Square, tons of the best RE in NYC, Mart Chicago, and 555 Cal in SF.

It's all nonsense. Let's go buy Nvidia!

 

[smittycl]

It's the equivalent of @smittycl posting his climate doom stuff.

 

[HRoi]

So he predicted the crashes of 2000 and 2008. But he predicts a crash every year, so is this one of those “even a broken clock” types of things ?

 

[Ebichuman]

So he predicted the crashes of 2000 and 2008. But he predicts a crash every year, so is this one of those “even a broken clock” types of things ?

Exactly, he literally calls for a crash every couple of years. Do it for a couple of decades (or more) and you’ll get lucky a couple of times since corrections happen about every two years, bear markets are about sever years apart and crashes every twelve years or so….