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#8176 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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I still think that the stimulus passage was already cooked into the current pricing and the bigger issue we see is the run-up on safe yields from treasuries.
Indices are dropping because TNX is rocketing up. Valuation theory 101. All a stock is worth is its future cash flows discounted to present value. The rate for discounting is set to a 'risk-free rate', which is often set to TNX for convenience. When TNX goes up, valuations go down. It is an exponential relationship, which is why a small move in TNX can crush stocks by a lot because people can park money here risk free. TNX could still go up to around 2.00, so there is still a lot more room to drop for many stocks based on current pricing. It's not really a 'dip' if the fundamental valuation for equities has changed. I still expect a drop this week, although we may have a large 1-2 green days in the mix. |
Posts: 46,300
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#8177 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
Casino cash: $2399601
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I agree I call it a check Mark day/week. Two steps down one step up.
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Posts: 12,311
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#8178 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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TO THE MOON!!!
__________________
Chiefs game films |
Posts: 296,717
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#8179 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7014386
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Any doubters changed their tunes on GME yet? As a stock, not a company. Two straight weeks of growth now despite the rest of the market taking a shit.
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Posts: 11,437
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#8180 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-1358100
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Posts: 46,300
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#8181 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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__________________
Chiefs game films |
Posts: 296,717
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#8182 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7014386
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Good day so far, AMC up big and GME absolutely crushing it.
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Posts: 11,437
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#8183 |
MVP
Join Date: Mar 2019
Location: KC
Casino cash: $2440400
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GME off to the races.
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Posts: 7,955
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#8184 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7014386
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Dopamine rush
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Posts: 11,437
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#8185 |
Prestige Worldwide
Join Date: Jan 2009
Location: Spring Hill, KS
Casino cash: $20526
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What's going on today?
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Adopt-A-Chief: John Dorsey
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Posts: 18,618
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#8186 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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__________________
Chiefs game films |
Posts: 296,717
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#8187 |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
Casino cash: $-1391756
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To the moon!
https://www.yahoo.com/sports/mahomes...151824984.html A slate of high-profile pro athletes including Patrick Mahomes and Naomi Osaka have joined with a tech-focused banker to form a new special purpose acquisition company seeking a business in health and wellness, entertainment or consumer-facing technology. The SPAC—Disruptive Acquisition Corp. I—filed for a $250 million IPO with the Securities and Exchange Commission this morning. The SPAC founder is Alexander Davis, the owner of Disruptive Technology Advisors, a bank that works with tech companies in transactions such as providing liquidity for shares in privately owned companies. |
Posts: 36,842
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#8188 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7014386
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GME over $200
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Posts: 11,437
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#8189 |
I'll be back.
Join Date: Nov 2002
Casino cash: $1030478
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__________________
Chiefs game films |
Posts: 296,717
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#8190 |
Prestige Worldwide
Join Date: Jan 2009
Location: Spring Hill, KS
Casino cash: $20526
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For my Twatter group...who are some of your favorite people to follow for investing tips and advice? I feel like there are ALOT of BS accounts out there that are riding the coat tails of GME and have built their following off of just that...I am looking for people that are established and know their shit.
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Adopt-A-Chief: John Dorsey
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Posts: 18,618
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