Money & Economics

No Reports for October, None.
November? Mebbe, we'll get back to you

If the numbers were good they'd be all over TV jerking off to them

Yes, they're actually at the point of cooking the books, or in this case, hiding them! :facepalm: :rofl::lmao:

Now this

 
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bigredfish said:
No Reports for October, None.
Click to expand...
This might have some "interesting" side effects. One is the interest rate calculation for savings bonds, the next one which uses the CPI data from October to March. If one of the months in the middle were missing that might not have an effect, but with data from the start month missing, what will they do? And as a guess, I'm thinking a lot of other things are calculated off of these nonexistent October numbers.
 
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We're pretty well fucked.

The only good news is that I'm old enough and have limited exposure that I can probably get by without seeing the worst of it before I'm dead

 
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bigredfish said:
Tomorrow's going to be brutal




View attachment 234259

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"Oracle missing revenue is the canary in the coal mine if companies aren't spending as much on cloud/AI as predicted the valuations for the entire sector are at risk market is finally realizing that 'AI Hype' doesn't equal 'Infinite Revenue.' Expect more volatility in big tech."


idk it's been a long time since I liked Oracle .. personally I am not a fan of them since :

Oracle sued Google in 2010 for copyright infringement related to Google's use of Oracle's Java application programming interfaces (APIs) in the development of the Android operating system. The dispute centered on Google's use of the structure, sequence, and organization (SSO) of 37 Java APIs, as well as the "declaring code" that defines how developers interact with the APIs, which Google implemented independently but in a manner designed to be compatible with existing Java programs. After a decade of litigation, including multiple trials and appeals, the U.S. Supreme Court ruled in 2021 that Google's use of the Java APIs constituted fair use, thereby ending the case in Google's favor.

  • Oracle alleged that Google infringed on its copyrights by copying the SSO and declaring code of the Java APIs without a license, claiming damages of up to $8.8 billion.
  • The case was initially decided in favor of Google at the district court level, but the decision was reversed by the U.S. Court of Appeals for the Federal Circuit, which ruled that the APIs were copyrightable.
  • The U.S. Supreme Court ultimately ruled 6-2 in 2021 that Google's copying of the Java APIs was a transformative use that promoted innovation and interoperability, thus qualifying as fair use under copyright law.
  • The Court did not rule on whether APIs are inherently copyrightable, leaving that broader legal question unresolved, but affirmed that fair use applies to the specific use case presented.
  • The decision has been widely seen as a significant victory for the software development community, supporting the practice of creating compatible software and fostering innovation through the reuse of functional interfaces.
 
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This market is so detached from reality it’s crazy.
I suppose that’s the reason Warren Buffet, Michael Burry and others have gone to all cash.
Something’s gonna break eventually
 
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The Dow YTD is holding good for end of year for those in the Market with 15 trading days left...

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Probably why reports were withheld...
 
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The market is and has been detached from the overall economy for a very long time.
It takes extreme events in the economy to move it one way or the other.

Go back to 2008-2209 or 1999-2000, by the time the market corrected, it was already too late.

Now its pure casino. HFT and algos move it day to day and fundamentals have little impact on stock price except in very long timeframes

I have been dabbling but only in Dividend ETFs, GLD

Of course one's time frame makes all the difference. If you're 30 you look at the market much differently than when you're in your 60s
 
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bigredfish said:
The market is and has been detached from the overall economy for a very long time.
It takes extreme events in the economy to move it one way or the other.

Go back to 2008-2209 or 1999-2000, by the time the market corrected, it was already too late.

Now its pure casino. HFT and algos move it day to day and fundamentals have little impact on stick price except in very long timeframes

I have been dabbling but only in Dividend ETFs, GLD

Of course one's time frame makes all the difference. If you're 30 you look at the market much differently than when you're in your 60s
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I have not really kept up with the Market, never really had much extra money to play in it. But I do remember reading/hearing that with the new algorithms and now AI, those predictions are tightening a bit. The Market is not as behind as it use to be. But again, I really don't know, would assume with the new tech it sounds right.
 
Its not a matter of being behind, the bias is to drive stock prices up and dump losing stocks quickly.

The algos dont take into consideration valuation, earnings, etc, they look at what the PRICE is doing, what other traders and algos are doing, and adjust to maximize price.

Thats the thing, its not based on fundamentals at all.
 
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