hunts_with_stick
5 year old buck +
Been out of town so haven’t looked at my portfolio. Seems like might need to sell some things then buy back in a few days
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Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
buckvelvet
5 year old buck +
Angus 1895
5 year old buck +
jsasker007
5 year old buck +
No idea but I bought some more on the 25% dip today.
jsasker007
5 year old buck +
Threw some money at CELH and got my average to $44.88.
hunts_with_stick
5 year old buck +
I think things are going to get interesting. I have learned though, don’t invest on feelings. Have to do more digging.
hunts_with_stick
5 year old buck +
I just sold most of my NVDA, I sold all my PLTR a bit ago. Michael Burry bet 1B against Plantir and Nividia. I'll see what happens over the next 7 days and might try and buy it all back.
buckvelvet
5 year old buck +
Grabbed a quick 100 shares of ET at a nice dip this morning. This makes me happy!
Angus 1895
5 year old buck +
buckvelvet
5 year old buck +
Did that for 17 years, it warms you a few times, lol
Bowsnbucks
5 year old buck +
In the context of market scenarios / futures, I submit the following ....
Musk just issued a statement saying in the next 1 to 5 years, 19 million white collar jobs will be eliminated due to AI. Engineers, accountants, systems analysists, code writers, estimators, auditors, - pretty much anything that is digitally-centered - will be the targets. The higher-paying jobs will be the first targets for "cost cutting" & "efficiency improvements". Those are just corporate-speak phrases for job elimination. Intel announced laying off 15,000 from a U.S. plant in Oregon. So much for U.S. chip production ramp-up. Wal-Mart also announced AI will eliminate or reduce thousands of their employees. All companies are already in high gear to slash thousands of jobs from AI "improvements." Monkey-see .... monkey-do. I wonder how many houses, groceries, produce, insurance, pools, vehicles, home renovations, electronic gadgets / TV's, clothes, tools, building materials, etc. those AI robots & software will be buying when the humans get the axe??
Watching for the anticipated grenade-toss, blanket statements of "Oh .... there'll always be jobs", or "That'll never happen." When the multi-billionaire crowd is saying it will happen (worshipped as geniuses, right?), and saying ".... people can now focus on growing their own food" (as several have stated) - it's gonna happen.
Since several Dem senators caved to Rep demands for no subsidies for ACA health care coverage, (with the "promise" of a senate vote to re-enact those same subsidies in another 2 months - - - WTF???!!!) there are 48 million Americans projected to lose their health insurance. A good sign for the U.S. economy?? Turn people away at Dr.'s, hospitals, surgeons, specialists for serious infirmities, diseases, re-hab facilities? How does having millions MORE Americans without health care insurance (than already have none) a good thing? Higher premiums for those with insurance to make up for millions who will now have none? Or do we place them into aspirin tablet / band-aid plans, calling them "their choice" plans, that cover very little? Millions pulling lots of $$$$$$$ out of 401-k's, IRA's, money markets, CD's to survive = markets dropping like rocks when they start yanking money.
Quick, simple answers to very complex problems don't / won't work ........ and have never worked in history. Just wondering about these scenarios, going forward.
Let the blanket statements begin .........
Musk just issued a statement saying in the next 1 to 5 years, 19 million white collar jobs will be eliminated due to AI. Engineers, accountants, systems analysists, code writers, estimators, auditors, - pretty much anything that is digitally-centered - will be the targets. The higher-paying jobs will be the first targets for "cost cutting" & "efficiency improvements". Those are just corporate-speak phrases for job elimination. Intel announced laying off 15,000 from a U.S. plant in Oregon. So much for U.S. chip production ramp-up. Wal-Mart also announced AI will eliminate or reduce thousands of their employees. All companies are already in high gear to slash thousands of jobs from AI "improvements." Monkey-see .... monkey-do. I wonder how many houses, groceries, produce, insurance, pools, vehicles, home renovations, electronic gadgets / TV's, clothes, tools, building materials, etc. those AI robots & software will be buying when the humans get the axe??
Watching for the anticipated grenade-toss, blanket statements of "Oh .... there'll always be jobs", or "That'll never happen." When the multi-billionaire crowd is saying it will happen (worshipped as geniuses, right?), and saying ".... people can now focus on growing their own food" (as several have stated) - it's gonna happen.
Since several Dem senators caved to Rep demands for no subsidies for ACA health care coverage, (with the "promise" of a senate vote to re-enact those same subsidies in another 2 months - - - WTF???!!!) there are 48 million Americans projected to lose their health insurance. A good sign for the U.S. economy?? Turn people away at Dr.'s, hospitals, surgeons, specialists for serious infirmities, diseases, re-hab facilities? How does having millions MORE Americans without health care insurance (than already have none) a good thing? Higher premiums for those with insurance to make up for millions who will now have none? Or do we place them into aspirin tablet / band-aid plans, calling them "their choice" plans, that cover very little? Millions pulling lots of $$$$$$$ out of 401-k's, IRA's, money markets, CD's to survive = markets dropping like rocks when they start yanking money.
Quick, simple answers to very complex problems don't / won't work ........ and have never worked in history. Just wondering about these scenarios, going forward.
Let the blanket statements begin .........
hunts_with_stick
5 year old buck +
IDK, I think it is going to be very interesting for sure. Most companies are greedy and will look to cut costs no matter the cost. Humans are very expensive to have on the payroll. That being said, AI definitely has its fair share of issues. Someone above my pay grade has to be thinking of this, right? Right????????? Don't think companies will lower prices because they now use AI. They will just report higher profits. I feel bad for my kids and all kids. It is going to be rough I think. I am hoping it is not for a long time though.
hunts_with_stick
5 year old buck +
that's how the dems do their math!
hunts_with_stick
5 year old buck +
hunts_with_stick
5 year old buck +
Nothing is making much sense anymore. Just trying to find some wins.
