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only 10% of his holdings and from what I read it's the 1st time in 18 years that he has sold any shares. He's 67 and probably retiring at some point in the next few years. Upkeep on Mega yachts and homes in the Hamptons is getting very expensive. His salary is only 36 million a year and that just doesn't go as far as it used to.Dimon sold $150m JPM stock...
Is it manipulation or inflation? Inflation is killing the miners. Higher costs for absolutely everything involved in mining while the mines themselves are an asset worth less and less every year due to the resource being depleted.In a real world there would be no market manipulation.
He buys low and sells high. Right now everything is high and lots of things bouncing off the 20 DMA. When things head down to the 200 DMA he will probably start deploying cash again.Cash is king?
Warren Buffett admits Berkshire’s days of ‘eye-popping’ gains are over.
Warren Buffett admits Berkshire’s days of ‘eye-popping’ gains are over
‘Oracle of Omaha’s annual letter pays tribute to the role of his late business partner Charlie Munger in building €836bn conglomeratewww.irishtimes.com
I liked this chart from Rafi today but I'm not entirely sure how it was created. Basically shows that gold is just right where it was when taken off the gold standard at $35 / oz. But it's a long, looooooong triangle that is about to break.
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Who thinks this market is being pumped until the election?
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I liked this chart from Rafi today but I'm not entirely sure how it was created. Basically shows that gold is just right where it was when taken off the gold standard at $35 / oz. But it's a long, looooooong triangle that is about to break.
View attachment 12130
When I hear inflation adjusted anything I run the other way. Everything including inflation is already priced into the charts.
This guyThe S&P500 is basically being pumped by NVDA which is a bubbly AI play right now. The rest of the market is essentially flat.
Everything including inflation is already priced into the charts.
The S&P500 is basically being pumped by NVDA which is a bubbly AI play right now. The rest of the market is essentially flat.
Probably illegal. But you know damn well the Fed uses AI/algo's to trade that stock.
As Macy's chases sales growth, the department store operator said Tuesday that it will close about 150 of its namesake stores and open more shops with better locations or that sell luxury goods.
The changes reflect a focus on what's working at Macy's — higher-end department store Bloomingdale's and beauty chain Bluemercury — and what's not — its namesake stores, particularly the ones at struggling malls. In its holiday quarter results posted Tuesday, the retailer said its Macy's department stores performed worse than both Bloomingdale's and Bluemercury.
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The company plans to close about 150 stores, including 50 that will close by early 2025. It has not revealed those locations but said they are "unproductive."
The stores that it had already said would be shuttered are located in Arlington, Virginia; San Leandro, California; Lihue, Hawaii; Simi Valley, California, and Tallahassee, Florida. The stores will close in early 2024.
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The Consumer Confidence Index dropped in February to 106.7, down from January’s downwardly revised reading of 110.90, the Conference Board said on Tuesday. Consumer optimism dropped more than expected as economists were forecasting an increase to 114.8.
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Tuesday, the Commerce Department said that U.S. durable goods orders dropped 6.1% last month, following December’s downwardly revised 0.3% decline. The data was significantly weaker than expected as economists were looking for a decline of 4.9%.
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Here is IWM weekly chart. This is the universe in which I swim.
[It has been a challenging few years.]
View attachment 12179
And you're ahead![It has been a challenging few years.]
Not in this universe I'm not.And you're ahead!
SWAG? Super Computers - and we don't have one....How the fuck is that possible?
Focusing on high end/luxury because poor folk aren't buying anything...
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