Welcome home, fellow Gator.

The Gator Nation's oldest and most active insider community
Join today!

Dow futures collapsing

Discussion in 'Too Hot for Swamp Gas' started by okeechobee, Aug 4, 2024.

  1. CHFG8R

    CHFG8R GC Hall of Fame

    5,160
    455
    363
    Apr 24, 2007
    St. Augustine, FL
    Well, if they WERE, it would have happened over 3 years ago. But it get it. 1+1=2 is a struggle for you.
     
    • Optimistic Optimistic x 1
  2. CHFG8R

    CHFG8R GC Hall of Fame

    5,160
    455
    363
    Apr 24, 2007
    St. Augustine, FL
    Depends. Not if it presents a strategic risk. They have millions of cheap EVs they want to dump on our market. Not to save the world with electric, but to trojan horse our economy and citizens into needing them and even taking up pro-CCP positions to keep them coming. Every thing these suckers do is about geopolitical strategy. Their wages aren't even cheap anymore and all the "cost savings" are coming directly from CCP subsidies.

    The sooner we wean ourselves off all things CCP the better. Change the government and all bets are off. But as long as Xi and his clowns are in charge, we need to get off all things CCP.
     
    • Agree Agree x 1
  3. Gatorrick22

    Gatorrick22 GC Hall of Fame

    87,248
    26,123
    4,613
    Apr 3, 2007
    You have nothing of value to add to this discussion... Leave me alone, please. Thank you.
     
  4. surfn1080

    surfn1080 Premium Member

    1,986
    300
    328
    Sep 26, 2008
    Ya, I am sure people love seeing their 401k go down.

    You realize this is more of a told you-so instead of cheering for it?
     
    • Agree Agree x 1
  5. CHFG8R

    CHFG8R GC Hall of Fame

    5,160
    455
    363
    Apr 24, 2007
    St. Augustine, FL
    The fact you would tag this "optimistic" (when there is nothing of the sort in the statement) tells me everything I need to know about you Rick. 5yos have a better grasp of reality and facts.

    "Off Topic" = Rick doesn't understand the concept. Thanks Rick. Got it!!!
     
    • Come On Man Come On Man x 2
  6. CHFG8R

    CHFG8R GC Hall of Fame

    5,160
    455
    363
    Apr 24, 2007
    St. Augustine, FL
    Then put me on ignore loser!
     
  7. okeechobee

    okeechobee GC Hall of Fame

    8,504
    1,048
    328
    Sep 11, 2022
    Bidenomics, baby!!
     
  8. NavyGator93

    NavyGator93 GC Hall of Fame

    1,956
    755
    2,663
    Dec 4, 2015
    Georgia
    I am assuming you're trolling and not really that stupid. But, you never know.
     
    • Optimistic Optimistic x 3
    • Winner Winner x 1
    • Come On Man Come On Man x 1
  9. ETGator1

    ETGator1 GC Hall of Fame

    15,743
    1,729
    708
    Apr 3, 2007
    Should have never been Dow 4100, more like 3500. Kamalanomics suck. 5 rate cuts projected and zero materialized = irrational exuberance.

    Screw Wall Street, finish off inflation to defend Main Street which has been hammered under Biden/Harris.
     
    • Funny Funny x 1
  10. CHFG8R

    CHFG8R GC Hall of Fame

    5,160
    455
    363
    Apr 24, 2007
    St. Augustine, FL
    No. They're that stupid.
     
    • Funny Funny x 3
  11. BLING

    BLING GC Hall of Fame

    8,504
    804
    2,843
    Apr 16, 2007
    [​IMG]
     
    • Funny Funny x 2
  12. BLING

    BLING GC Hall of Fame

    8,504
    804
    2,843
    Apr 16, 2007
    Did you guys not live through ‘87, the tech bubble, or the Great Recession?

    So far this doesn’t seem to have nearly the same level of panic (other than perhaps recent Intel investors who got destroyed on Friday).

    I’d say some of those mega cap tech stocks are impossible to value and have stretched PE’s. The issue I see with mega cap is there is no buyer of the enterprise at 2 or 3 Trillion, so when you look at the equity as a theoretical takeout price (which ultimately is the purpose of owning an equity share), the baseline of the stock is already at a price where an acquisition is fundamentally impossible, and for several names at a very high PE to boot. So then you wonder what the value of this “equity” actually represents on those high flying tech stocks. Obviously we know some of them intentionally have a limited float, and thus the share price becomes some weird supply/demand dynamic of the shares themselves rather than a representative value of the enterprise or an NPV of its income distributions. In essence, it’s a bit of a funny money valuation, not too unlike truly nonsensical things like crypto.
     
    Last edited: Aug 5, 2024
    • Fistbump/Thanks! Fistbump/Thanks! x 1
    • Winner Winner x 1
    • Best Post Ever Best Post Ever x 1
  13. cluckugator

    cluckugator VIP Member

    1,731
    844
    1,978
    Aug 16, 2007
    I doubt he is trolling. He is just listening to Trump. I watched my first, and last, 10 minutes of a Trump rally over the weekend because it happened to be on. Trump is making all these claims about the Fed and how interest rates don’t need to be cut until the election b/c it will make crooked Joe look better. Biden caused the impending economic collapse (bigger than we have ever seen) and only Trump can prevent it. Of course no policy positions were discussed.
     
    • Winner Winner x 1
  14. VAg8r1

    VAg8r1 GC Hall of Fame

    20,247
    1,651
    1,763
    Apr 8, 2007
    Buying opportunity baby. Not yet but within the next month.
     
  15. ETGator1

    ETGator1 GC Hall of Fame

    15,743
    1,729
    708
    Apr 3, 2007
    Kamala Crash with Joe sitting in Delaware = no US leadership. WWIII coming too. The democratic socialist communist party is on its deathbed.
     
    • Funny Funny x 2
    • Winner Winner x 1
  16. AlfaGator

    AlfaGator VIP Member

    46,356
    117,877
    14,105
    Aug 31, 2007
    I didn't do any selling into this open, but I probably should have done more buying. I expect another dip opportunity to deploy more capital.
     
    • Informative Informative x 1
  17. gatorchamps960608

    gatorchamps960608 GC Hall of Fame

    4,237
    888
    2,463
    Jul 4, 2020
     
  18. TheGator

    TheGator Basement Gator Fan Premium Member

    23,958
    19,501
    6,523
    Jun 20, 2008
    Utah
     
    • Funny Funny x 1
  19. WarDamnGator

    WarDamnGator GC Hall of Fame

    10,528
    1,309
    1,718
    Apr 8, 2007
    Trump is the current bronze, silver and gold medalist when it comes to biggest Dow point drops in a single day, with scores of -2013, -2352, and his gold medal winning -2997. Almost broke -3000! Maybe next time. Let's hope not.

    Interesting that 9 of the top 10 -- and all of the top 7 -- point drops in a single day are held by republicans.

    This 2% drop today registers as quiet fart compared to shitshow Trump, Bush, and Reagan pulled off.

    List of largest daily changes in the Dow Jones Industrial Average - Wikipedia
     
    Last edited: Aug 5, 2024
  20. okeechobee

    okeechobee GC Hall of Fame

    8,504
    1,048
    328
    Sep 11, 2022
    Just sub out George W Bush for Kamala Harris and you get the point: