Stock Market is the bottom in?

[SD51555]

I'm in a hotbox with STZ the rest of this week. I've got two calls sold on the shares i own at $137. Market price is $138.24. In the event I lose it because it stays above $137, I've pre-sold a couple $137 puts to get it back two weeks later. This could go south if STZ suddenly drops below $137 in a big way before EOB tomorrow. I'd end up with 2x as many shares and who knows how far in the hole?

 

[hunts_with_stick]

Good luck

 

[jsasker007]

NFLX buying into WBD for 72 billion. Bought some NFLX hoping it takes a huge turn up!

 

[Bowsnbucks]

Eggs were up for a couple of months and they way everyone overreacted you would think that people were living off of eggs and nothing else. Yup, the sky is falling AGAIN. Bad news spreads like wildfire and good news hardly gets a mention. jmo

The big egg price panic was due to millions of laying chickens being slaughtered due to bird flu. tens of millions of chickens were killed and burned. Once the flocks built up to the point that layers matured enough to begin laying - prices came down. Lower prices weren't from a magic button - just flocks re-building. Same thing would happen if anthrax or some other deadly pathogen got into beef or pork herds.

 

[Bowsnbucks]

i think everything begins and ends with rates. Until rates come down the economy is going to be in the mud and sinking down. We are built on low borrowing costs. But we have policies that aren’t conducive to rates coming down plus a political fed that refuses to lower rates even if they need to be. So here we are. Economic purgatory. Nothing will change till Powell is gone and someone comes in and lowers rates by a full point or more.

Also I’m not buying the AI excuse. I think corporations are saying it’s AI to save face and not admit they are struggling in this economy and thus the layoffs. It hasn’t been a smart power play to say negative things about this administrations policies publicly.

A number of CEO's - Jensen Huang, Musk, Ellison(s), Bezos, among others - have stated publicly that AI will eliminate millions of jobs ..... particularly those in the "intelligence" fields. When they spell out specifically the kinds of jobs they look to eliminate (and they say "reduce head counts"), code writers / programmers, engineers, systems analysts, accountants, para legals, brokers, quality control folks, managers of various types - I'd say it's more than excuses. Hell - every big box store & grocery store is either already in "self check-out mode" or is actively building new equipment to be 100% self-serving. What's next - we stock the shelves too?? It's hilarious to me to see people standing in long lines at the self check-outs ...... because they didn't like standing in lines at the "regular" check-outs!!!!!! I've never used a self-check-out - I'd rather keep people working - and not unemployed or on welfare.

Slashing / eliminating millions more jobs does not = a healthy economy. Mowing lawns & landscaping won't raise families in a decent manner.

 

[Howboutthemdawgs]

So the people who designed, built, assemble, service the self checkouts are less valuable to society than the low level worker scanning an item? Remember for every automation there’s tons of individuals behind the scenes.

 

[T-Max]

So the people who designed, built, assemble, service the self checkouts are less valuable to society than the low level worker scanning an item? Remember for every automation there’s tons of individuals behind the scenes.

My only gripe is I don’t get a discount for checking myself out. They used to do it for me, now I pay the same (actually way more with inflation what it’s been) and do the work myself while some teenager stands a few feet away on their phone…


Sent from my iPhone using Tapatalk

 

[MN Slick]

Some Hy-Vee locations and Scheel's in Eden Prairie removed self checkouts in the great state of Minnesota. Seems too many people "forgot" to scan their items.

 

[hunts_with_stick]

Heard some Walmarts are going back to checkouts as well. It’s a shame you can’t trust people