+- Madison Motorsports (https://forum.mmsports.org)
+-- Forum: Madison Motorsports (https://forum.mmsports.org/forumdisplay.php?fid=3)
+--- Forum: Lounge (https://forum.mmsports.org/forumdisplay.php?fid=6)
+--- Thread: Stock Market Thread (/showthread.php?tid=7719)
RE: Stock Market Thread - CaptainHenreh - 01-31-2018
(01-27-2018, 11:42 AM)Apoc Wrote: ... but Rex told me it was just like gold?
Yeah, it is. They didn't keep it in their house, they kept it in someone else's house and it got robbed.
RE: Stock Market Thread - Ken - 01-31-2018
(01-31-2018, 09:27 AM)CaptainHenreh Wrote:(01-27-2018, 11:42 AM)Apoc Wrote: ... but Rex told me it was just like gold?
Yeah, it is. They didn't keep it in their house, they kept it in someone else's house and it got robbed.
Ahh, the future. Where "money" is best kept tucked safely under your mattress...
RE: Stock Market Thread - CaptainHenreh - 01-31-2018
(01-31-2018, 11:30 AM)Ken Wrote:(01-31-2018, 09:27 AM)CaptainHenreh Wrote:(01-27-2018, 11:42 AM)Apoc Wrote: ... but Rex told me it was just like gold?
Yeah, it is. They didn't keep it in their house, they kept it in someone else's house and it got robbed.
Ahh, the future. Where "money" is best kept tucked safely under your mattress...
More like 'Kept on your person until you need to use it.'
C'mon guys, you're being obtuse. If you bought some precious metals, where would you keep them? If you weren't going to use them right away (aka, exchange for goods/services/cash) would you keep them locked away someplace safe or would you let some unlicensed, uninsured rando hold onto it because I swear guys I'm good for it, lots of other people hand me their gold to sit on.
Bitcoin isn't any different.
RE: Stock Market Thread - Apoc - 01-31-2018
I would not use precious metals as an investment vehicle or as pre-apocalyptic currency for trade, so your example is a false equivalency.
RE: Stock Market Thread - CaptainHenreh - 01-31-2018
(01-31-2018, 12:38 PM)Apoc Wrote: I would not use precious metals as an investment vehicle or as pre-apocalyptic currency for trade, so your example is a false equivalency.
um...you wouldn't. But people do. A lot.
RE: Stock Market Thread - Apoc - 01-31-2018
(01-30-2018, 08:24 PM)BLINGMW Wrote:(01-30-2018, 06:41 PM)Apoc Wrote: No one else will agree to put money on it.
Hmm that's weird I don't remember you asking
I have access to data that makes me subject to Amazon's insider training data. It doesn't give me a leg up on earnings, but betting with someone external to the company seems like a bad idea. I wasn't looking to bet money with other employees for the same reason - more embarrassing outcomes.
RE: Stock Market Thread - BLINGMW - 01-31-2018
Ok fine.
What's with Amazon's site anyway? It was down for a bit this morning and has been down for at least a few minutes now. They seem a little large for such nonsense. Our forum has been more reliable today!
RE: Stock Market Thread - Apoc - 01-31-2018
Bug Closed
Reason: Unable to reproduce
;-)
RE: Stock Market Thread - BLINGMW - 01-31-2018
well good job, that's why they pay you the big bucks
![[Image: 9-point-buck-bolting-decoy.jpg?itok=dbMkYmya&fc=50,50]](https://www.fieldandstream.com/sites/fieldandstream.com/files/styles/1000_1x_/public/images/2017/10/9-point-buck-bolting-decoy.jpg?itok=dbMkYmya&fc=50,50)
RE: Stock Market Thread - WRXtranceformed - 02-03-2018
And here it starts...
https://www.bloomberg.com/news/articles/2018-02-02/bofa-to-decline-all-cryptocurrency-transactions-on-credit-cards
Don't say your boy didn't warn you! I'm not even in finance and it wasn't hard to see coming
RE: Stock Market Thread - ViPER1313 - 02-03-2018
Who here is feeling the headwinds of another 2008 coming on?
RE: Stock Market Thread - WRXtranceformed - 02-03-2018
(02-03-2018, 11:20 PM)ViPER1313 Wrote: Who here is feeling the headwinds of another 2008 coming on?
To me, this smells more like a Madoff collapse on a much bigger scale with people all over the world who will never get prosecuted
RE: Stock Market Thread - Apoc - 02-03-2018
(12-07-2017, 11:25 AM)Apoc Wrote: Many casual investors don't have physical bitcoin assets on their possession and it's traded electronically, so the wallet and gold analogy is pretty weak. The value is driven by speculation, not actual value, and everyone is sitting on unrealized gains. In other words, they're only worth something if you actually sell them. I have no doubt a lot of people have made a lot of money, but not by any actual increase in value (Google the difference in price and value, if interested). Do I wish I made money? Of course... but I'm not a fan of putting my money in something that is so susceptible to currency manipulation. Anyone who was pissed about the mortgage crisis and pro bitcoin has incongruous beliefs, in my opionion.
Bumping from page 48.
RE: Stock Market Thread - G.Irish - 02-05-2018
I just wonder if the amount of money in cryptocurrency is enough to spark a market correction if there is a huge collapse. On one hand I would think no, on the other hand there is probably a non-trivial amount of people who took out loans or gambled with investor money. If that group of people is big enough, it's gonna cause problems.
RE: Stock Market Thread - .RJ - 02-05-2018
(02-03-2018, 11:20 PM)ViPER1313 Wrote: Who here is feeling the headwinds of another 2008 coming on?
I cant wait for all the internet financial nostradamus' to all come out and tell us about how they saw it coming.....
.... 3 years ago, posting about it ever since, with their cash in a mattress.
Stock Market Thread - ViPER1313 - 02-05-2018
Who here feels that current market valuations are in line with reality? Tesla was briefly worth more than GM and has shipped almost 0 model 3s. Amazon selling for close to $1500 a share. People were reverse mortgaging their houses to buy bitcoin.
Yet, at the same time, more and more people are falling behind on car payments and have racked up 1.5 trillion dollars in unpaid student loan debt.
My thought: as soon as the fed hikes interest rates, a lot of this investment money is going to go poof, freak people the fuck out like it did in 2008, and the whole thing falls flat on its face, like it does every time it seems too good to be true.
RE: Stock Market Thread - G.Irish - 02-05-2018
.RJ Wrote:I cant wait for all the internet financial nostradamus' to all come out and tell us about how they saw it coming.....The tricky thing is always the timing. I remember before 2008 when the real estate market was out of control, there were so many internet arguments over whether it was a bubble. Some people were calling it for at least 2 or 3 years before it actually burst, although I found that few people knew the actual mechanism that would cause the bubble to devastate the economy (mortgage-backed securities).
.... 3 years ago, posting about it ever since, with their cash in a mattress.
The thing with Bitcoin that is hilarious is that people don't even have any idea of why it goes up in value, they just know that there's a feeding frenzy and want to cash in. At least pre-2008, people were betting on tangible assets. Of course, the fact people were betting on real estate is probably why the bubble got so big. I can't imagine the scale of the crypto bubble is anywhere near as big, but you never really know what shenanigans are going on under the surface.
(02-05-2018, 12:13 PM)ViPER1313 Wrote: Who here feels that current market valuations are in line with reality? Tesla was briefly worth more than GM and has shipped almost 0 model 3s. Amazon selling for close to $1500 a share. People were reverse mortgaging their houses to buy bitcoin.
Yet, at the same time, more and more people are falling behind on car payments and have racked up 1.5 trillion dollars in unpaid student loan debt.
My thought: as soon as the fed hikes interest rates, a lot of this investment money is going to go poof, freak people the fuck out like it did in 2008, and the whole thing falls flat on its face, like it does every time it seems too good to be true.
I think this is a pretty rational assessment. Lots of cheap money going around, lots of hype, lots of people who don't know that they're the sucker, or betting that they'll be able to get off the train before the suckers run off the tracks.
RE: Stock Market Thread - .RJ - 02-05-2018
(02-05-2018, 12:13 PM)ViPER1313 Wrote: Who here feels that current market valuations are in line with reality? Tesla was briefly worth more than GM and has shipped almost 0 model 3s. Amazon selling for close to $1500 a share. People were reverse mortgaging their houses to buy bitcoin.
Stock values are a prediction of future earnings.
Explain to me why Amazon is NOT worth $1500/share?
Stock Market Thread - ViPER1313 - 02-05-2018
http://www.nasdaq.com/symbol/amzn/pe-ratio
Edit: and yes, I realize P/E is not everything especially when it comes to tech stocks, but that is just absurd.
RE: Stock Market Thread - Apoc - 02-05-2018
P/E meant something when earnings was how you made your money. Now people make money the same way they with bitcoin, being early on the demand curve.