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10-25-2022, 12:25 PM
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#4531
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Registered User
Join Date: Aug 2022
Posts: 322
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Quote:
Originally Posted by Rex Phinney
Seems to be following the exact same pattern as the last earnings season. Earnings aren't a total sh*t show and so the market is using it as an excuse to rally. Once earnings wrap up and the fed reality checks on November 2 the rally will end.
Just my .02
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All we need is one asshole to comment bad news....and market is toast...
Hear that MUSK!!!!
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10-25-2022, 05:14 PM
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#4532
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by BroadwayJoe
All we need is one asshole to comment bad news....and market is toast...
Hear that MUSK!!!!
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I think Google/ Alphabet just beat him to it. Worst quarter since 2013.
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10-26-2022, 11:11 AM
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#4533
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,616
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Futures markets...in the words of one racetrack announcer...appear STRAIGHT AND STRONG this morning...mildly surprising...
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10-26-2022, 11:53 AM
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#4534
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
Futures markets...in the words of one racetrack announcer...appear STRAIGHT AND STRONG this morning...mildly surprising...
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Market is following through too?
Makes no sense. I guess momentum is on the upside and bad news won't slow it down.
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10-26-2022, 11:55 AM
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#4535
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,616
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Quote:
Originally Posted by Rex Phinney
Market is following through too?
Makes no sense. I guess momentum is on the upside and bad news won't slow it down.
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Russell is up 2%...it is outperforming at the moment
VIX is down over 3.5%...which is more surprising
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10-26-2022, 12:18 PM
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#4536
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
Russell is up 2%...it is outperforming at the moment
VIX is down over 3.5%...which is more surprising
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Is the market just going to walk headfirst into another Fed buzzsaw on November 2?
Earnings yesterday were not great. Chipotle for example raised prices 13% year over year to realize sales gains of 7.5%. Let's think about that for a minute.
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10-26-2022, 12:21 PM
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#4537
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,616
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Bad news = good news since it prompts the belief the Fed will pull back a bit on raising rates...
It's still all about the Fed
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10-26-2022, 06:31 PM
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#4538
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
Bad news = good news since it prompts the belief the Fed will pull back a bit on raising rates...
It's still all about the Fed
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Given the carnage we have already seen I don;t think the market should expect the fed to save it. If Inflation keeps raging (especially if unemployment is sitting in the 3's) corporate earnings aren't going to matter to the Fed.
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10-26-2022, 06:32 PM
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#4539
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,616
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Facebook is cratering in the after market...yet futures are slightly higher...
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10-26-2022, 07:39 PM
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#4540
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
Facebook is cratering in the after market...yet futures are slightly higher...
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Facebook is a disaster. Let me summarize their quarterly earnings report from this afternoon for the group:
"We at Facebook are pleased to inform you that our path forward is built on taking piles of cash out into the street and setting it on fire. This will lead to the construction of the metaverse which by now noone understands or even wants to take part in" The End.
They are set to drop out of the top 20 in the S&P500 while having a platform that encompasses roughly half the beings on the planet. Mark Zuckerberg is a f*cking idiot.
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10-26-2022, 07:42 PM
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#4541
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Registered User
Join Date: Aug 2022
Posts: 322
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Quote:
Originally Posted by Rex Phinney
Facebook is a disaster. Let me summarize their quarterly earnings report from this afternoon for the group:
"We at Facebook are pleased to inform you that our path forward is built on taking piles of cash out into the street and setting it on fire. This will lead to the construction of the metaverse which by now noone understands or even wants to take part in" The End.
They are set to drop out of the top 20 in the S&P500 while having a platform that encompasses roughly half the beings on the planet. Mark Zuckerberg is a f*cking idiot.
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10-27-2022, 10:59 AM
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#4542
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
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i think this is real good
Canada just appropriated over $900 million for nuclear power plants, the United states had given up $150 million to Centrum Energy. that money runs out in November. but berried in the Inflation reduction bill is $700 million to develop and search for the right type of Uranium to power these plants. right now the only place to get this type of Uranium called HALEU which is short for high assay low enriched uranium. currently, the only ones that have that are Russian companies.
Centrum energy (LEU) is a good bet to get a lot of this money to develop the fuel. going forward this got to be a decent bet if you believe in nuclear power plants throughout the world.
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10-27-2022, 12:02 PM
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#4543
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Registered User
Join Date: Aug 2022
Posts: 322
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Quote:
Originally Posted by lamboguy
Canada just appropriated over $900 million for nuclear power plants, the United states had given up $150 million to Centrum Energy. that money runs out in November. but berried in the Inflation reduction bill is $700 million to develop and search for the right type of Uranium to power these plants. right now the only place to get this type of Uranium called HALEU which is short for high assay low enriched uranium. currently, the only ones that have that are Russian companies.
Centrum energy (LEU) is a good bet to get a lot of this money to develop the fuel. going forward this got to be a decent bet if you believe in nuclear power plants throughout the world.
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Chernobyl all over again????
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10-27-2022, 04:04 PM
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#4544
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,616
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Amazon down 20% after the bell....rut roh...
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10-27-2022, 07:00 PM
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#4545
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
Amazon down 20% after the bell....rut roh...
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Next quarter guidance said we are in for a shit show. At least they were honest. Apple keeps telling everyone they are going to grow at a 40% clip.
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