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…


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[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

 

[buckvelvet]

This market is all over the place, gotta wonder where its going, will all the 'good' be here by the 250th?

 

[hunts_with_stick]

Yes

 

[Turkish]

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.

Yeah I’m having a hard time envisioning how this all shakes out. With all the displaced workers, who buys what these companies are selling? Govt taxes the hell out of the 4-6 big winners in this space and that’s where a modest UBI comes from? That’s scary.

 

[bwoods11]

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.

We were just robbed of 1 billion $$ taxpayer dollars in Minnesota. Can we get Liam Neeson up to kick some ass !

 

[Howboutthemdawgs]

Walz will get re-elected and 5 Somalis will be deported so Fox can run an article to appease conservatives…and then no further action will be taken.
Thank you for your attention to this matter.

 

[Bill]

Walz will get re-elected and 5 Somalis will be deported so Fox can run an article to appease conservatives…and then no further action will be taken.
Thank you for your attention to this matter.

You’re wrong. Not one Somali will be deported and not one politician who was involved will be held accountable. Not one…

 

[Howboutthemdawgs]

As a row crop farm owner, can I get me some of the Trump farmer bailout? If the government is handing out my money I’d sure like to get some back.

 

[BuckSutherland]

Silver continues to run while govts around the world continue to destroy paper money. Went over $61 today. I bought 100 ounces in Sept around $42. Pretty good return for 3 months.


I bought 10 shares of UAN today. Probably buy more over the next several months. My NVO and PayPal positions bought a couple months ago suck. 20 shares of META bought after earning are about even. 50 shares of GOOG bought last spring are close to 100% gain.

 

[jsasker007]

As a row crop farm owner, can I get me some of the Trump farmer bailout? If the government is handing out my money I’d sure like to get some back.

I feel the same way about the income tax. Cash is king for sure, that's why there's such a big push to make everything digital. Government would be able to freeze everyone's accounts whenever they felt like it. Around me most of the "farmers" intentionally plant half assed "crops" that don't pan out just to cash in on the insurance. It's a pretty high percentage that are scamming the system with the insurance fraud. Often wonder why I waste everyday day of the week working when I could just line up for the free stuff and have every day off. jmho

 

[T-Max]

As a row crop farm owner, can I get me some of the Trump farmer bailout? If the government is handing out my money I’d sure like to get some back.

And here I thought I was finally getting close to be able to afford a piece of ground…


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[Howboutthemdawgs]

And here I thought I was finally getting close to be able to afford a piece of ground…


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“Farming, so they say
Is the root of all evil today
But if you ask for some land it's no surprise that they're giving none away”

Pink Floyd alternate version of Money circa 2025…minus the clinically insane Roger Waters.