Investing Thread

[rocket surgeon]

Stock market doing the goodest job it can do!

  I know what you did here

[MU82]

Bitcoin mining facility in Texas is apparently causing severe medical conditions to those who live nearby.

https://time.com/6982015/bitcoin-mining-texas-health/?campaign_id=4&emc=edit_dk_20240709&instance_id=128278&nl=dealbook&regi_id=108420427&segment_id=171659&te=1&user_id=d36dcf821462fdd16ec3636710a855fa

[Skatastrophy]

Bitcoin mining facility in Texas is apparently causing severe medical conditions to those who live nearby.

https://time.com/6982015/bitcoin-mining-texas-health/?campaign_id=4&emc=edit_dk_20240709&instance_id=128278&nl=dealbook&regi_id=108420427&segment_id=171659&te=1&user_id=d36dcf821462fdd16ec3636710a855fa

Processing speed is based on your ability to keep the processor cool. There's a reason so many data centers are in the high desert like Wyoming. Texas data centers are a bad idea.

[Uncle Rico]

Processing speed is based on your ability to keep the processor cool. There's a reason so many data centers are in the high desert like Wyoming. Texas data centers are a bad idea.

I’m sure Texas legislators will begin regulating

[Pakuni]

I’m sure Texas legislators will begin regulating

Just convince them data centers are like pregnant women, and they'll be all over it.

[JWags85]

Bitcoin mining facility in Texas is apparently causing severe medical conditions to those who live nearby.

https://time.com/6982015/bitcoin-mining-texas-health/?campaign_id=4&emc=edit_dk_20240709&instance_id=128278&nl=dealbook&regi_id=108420427&segment_id=171659&te=1&user_id=d36dcf821462fdd16ec3636710a855fa

I wonder if there are myriad conspiracy websites about it like those from people living near huge windmill farms.

[Plaque Lives Matter!]

I wonder if there are myriad conspiracy websites about it like those from people living near huge windmill farms.

My favorite one I have come across in my career in green energy.

https://stopchevelonbuttewind.com/

[TSmith34, Inc.]

My favorite one I have come across in my career in green energy.

https://stopchevelonbuttewind.com/

Based on the mangled syntax, this was either a Russian disinformation campaign or was written by roqqet.

[rocky_warrior]

Based on the mangled syntax, this was either a Russian disinformation campaign or was written by roqqet.

It can't be both?

[MU82]

Finally sold TSLA on this run-up. Glad I was patient so I could book a nice little profit instead of unloading when it was getting killed.

And now that I've sold, the price will probably really take off - ha!

[rocket surgeon]

It can't be both?

  if it was found on a lap top-that ain't my bag man

[Skatastrophy]

  if it was found on a lap top-that ain't my bag man

https://www.youtube.com/watch?v=uhkdUdXTUuc

[Plaque Lives Matter!]

Based on the mangled syntax, this was either a Russian disinformation campaign or was written by roqqet.

I was a big fan on the time and effort taken on the gifs

[MU82]

From the WSJ's "Numbers":

35%

The share of U.S. adults planning to job-hunt in the second half of the year, down from 49% a year ago. Workplace consulting and recruiting firm Robert Half’s April poll also found that 77% were happy with their jobs (and they don’t even have Leigh as their boss). The pandemic-era job-hopping fever, nicknamed the “great resignation,” has morphed into the “big stay.” Employees looking to quit face a tightening job market and shrinking pay premium for switching jobs, federal data show.

[MU Fan in Connecticut]

I switched jobs June 1.  I wasn't looking either but thinking about starting then I got a phone call and it turned out to be something I couldn't say no to.

[MU82]

It looked like Mr. Market was gonna be a downer today after hitting new highs yesterday.

Then the inflation report came in lower than expected, and already futures have reversed.

https://seekingalpha.com/news/4123617-cpi-continues-to-cool-in-june-with-core-yy-rate-easing-to-33?source=source%3Abreaking_news_header

Will Fed cut in September? Given what we know today and what Powell said the last couple of days, I'd say it's likely. But these things are not always easy to predict.

[Skatastrophy]

I can't imagine the Fed cuts right before the election. Probably more words until early next year (I am not an expert)

[Tortuga94]

It looked like Mr. Market was gonna be a downer today after hitting new highs yesterday.

Then the inflation report came in lower than expected, and already futures have reversed.

https://seekingalpha.com/news/4123617-cpi-continues-to-cool-in-june-with-core-yy-rate-easing-to-33?source=source%3Abreaking_news_header

Will Fed cut in September? Given what we know today and what Powell said the last couple of days, I'd say it's likely. But these things are not always easy to predict.

The S&P 500 and the tech sector are down. The S&P is down because of the market cap weighting and its large tilt to growth stocks. The equal weighted S&P 500 is actually up over 1% today.
Maybe we are finally seeing the beginning of a rotation out of large cap tech into large value? Not sure but definitely need to see the rest of the stocks in the S&P 500 start participating for this to be a healthy market rally, it can't be the same handful of stocks doing all the heavy lifting.
Also, look at what mid caps and small caps are doing today. The small caps are up over 3% today, mid-caps over 2%. There is a ton of value there, those 2 sectors of the market are trading at all-time low valuations relative to the S&P500 and at a discount relative to their own historical P/Es.

[MU82]

The S&P 500 and the tech sector are down. The S&P is down because of the market cap weighting and its large tilt to growth stocks. The equal weighted S&P 500 is actually up over 1% today.
Maybe we are finally seeing the beginning of a rotation out of large cap tech into large value? Not sure but definitely need to see the rest of the stocks in the S&P 500 start participating for this to be a healthy market rally, it can't be the same handful of stocks doing all the heavy lifting.
Also, look at what mid caps and small caps are doing today. The small caps are up over 3% today, mid-caps over 2%. There is a ton of value there, those 2 sectors of the market are trading at all-time low valuations relative to the S&P500 and at a discount relative to their own historical P/Es.

All good points.

I sure wouldn't mind seeing the rotation you're talking about.

Because my portfolio is filled with "boring," dividend-growing stocks, I'm actually well up today even though the market is down. On the days that tech is going crazy, the market outperforms me. I do have quite a bit of megacap tech - MSFT and AAPL are my two largest positions, and I also have plenty of GOOGL and AMZN - so that helps balance my portfolio.

[rocky_warrior]

Finally sold TSLA on this run-up. Glad I was patient so I could book a nice little profit instead of unloading when it was getting killed.

Since I can't embed age restricted video...
https://www.youtube.com/watch?v=_uMEE7eaaUA&t=20s

[Skatastrophy]

Since I can't embed age restricted video...
https://www.youtube.com/watch?v=_uMEE7eaaUA&t=20s

Reported

[Skatastrophy]

I hope nobody follows the advice, "sell in May and go away." This market continues its tear.

Not on the few individual equities I own, but the rest of the market, lol. Good thing I index.

[rocky_warrior]

I hope nobody follows the advice, "sell in May and go away." This market continues its tear.

Not on the few individual equities I own, but the rest of the market, lol. Good thing I index.

If only investing was actually this easy.  Oh wait...it is. 

However, I laugh when people feel the need to spread themselves among 10 different index (ETF, or mutual) funds.  As if holding 500 different companies via one investment vehicle isn't diversified.  Though, I do use about 3 "diversified" ETFs, and a couple others that aren't equities to achieve my investment goals.

[Plaque Lives Matter!]

https://x.com/gavinbade/status/1812950510372012246?s=46&t=G2FhP_F2kWewaBOpvRv5lg

Feels like with all the inflation rhetoric this is a bit odd. I suppose the idea is the export offset more than covers the loss in currency value (at least for the companies)

[Skatastrophy]

https://x.com/gavinbade/status/1812950510372012246?s=46&t=G2FhP_F2kWewaBOpvRv5lg

Feels like with all the inflation rhetoric this is a bit odd. I suppose the idea is the export offset more than covers the loss in currency value (at least for the companies)

These people are so unnatural carnal knowledgeing stupid