Investing

[Tiger337]

3 minutes ago, chasfh said:

Yeah, you’re right, trump would never break a rule.

I think Wall Street won't let him get away with it.  I believe they have a lot of influence and are pissed off about the tariffs.    Then again, they would like the dove too.  

Edited April 12 by Tiger337

[Screwball]

It doesn't matter who the Fed chair will be.

[chasfh]

2 minutes ago, Tiger337 said:

I think Wall Street won't let him get away with it.  I believe they have a lot of influence and are pissed off about the tariffs.    Then again, they would like the dove too.  

The way he’s single-handedly jerking the markets around, I really don’t think Wall Street will end up having as much influence on him as all that. They’ll snap into line, because what’s their alternative? Support a Democrat?

[Tiger337]

Just now, chasfh said:

The way he’s single-handedly jerking the markets around, I really don’t think Wall Street will end up having as much influence on him as all that. They’ll snap into line, because what’s their alternative? Support a Democrat?

The market historically does better under Democrats.  I think they wanted Trump because he jerked around the market in his first presidency in their favor.  This time, not so much.  

[Screwball]

I did my taxes today. Always do them late so I don't give the city my money any earlier than possible. I always owe them because I don't work in town and pay the difference because we pay higher taxes than the other town because we suck more.

As far as investments. Had an interest 1099 (doesn't count toward city) to turn in. Made almost 5% doing nothing more than playing short term bond ladders all year. This was money from my bank account that pays .01% if I let it sit in the bank and do nothing. I can't imagine why my personal banker didn't tell me about that? Especially since they tell me they want to insure I get the most out of my banking experience, while never telling me how, or fix any problems they have ****ed up.

What a world...

Edited April 13 by Screwball

[Tiger337]

15 minutes ago, Screwball said:

I did my taxes today. Always do them late so I don't give the city my money any earlier than possible. I always owe them because I don't work in town and pay the difference because we pay higher taxes than the other town because we suck more.

As far as investments. Had an interest 1099 (doesn't count toward city) to turn in. Made almost 5% doing nothing more than playing short term bond ladders all year. This was money from my bank account that pays .01% if I let it sit in the bank and do nothing. I can't imagine why my personal banker didn't tell me about that? Especially since they tell me they want to insure I get the most out of my banking experience, while never telling me how, or fix any problems they have ****ed up.

What a world...

I did the same thing last year with my bank account money.  4.7% is better than 0%. 

[Screwball]

I should have added; I have Treasury Direct account hooked to my bank account. I buy whatever I want through TD and it just shows debits and credits to my bank. They have nothing to do with it. TD is a really neat deal.

[Deleterious]

This is what I was getting at a few weeks ago.  Pick a lane and stick to it.

 

[Deleterious]

 

[Deleterious]

JPow better have a security detail, or he might end up dead.  Actually, they would be the ones that do it.  Never mind.

Some clips of his talk today in Chicago. 

 

[gehringer_2]

There is a growth compatible positive way to rebuild US manufacturing over a long term. T.h.i.s..i.s..n.o.t..i.t.

[CMRivdogs]

2025 and we're still talking tariffs. Anyone remember that tariffs were one of the issues that led us to rebel against another tyrant 250 years ago. 
 

 

[Deleterious]

Ya knew it was coming.

 

[Hongbit]

Firing Powell would be a great move if Trump is planning his next dump and pump market fixing scheme.  That will definitely get the dump moving.  

[Deleterious]

He doesn't need to fire Powell for the dump part.

Dow Headed for Worst April Since 1932 as Investors Send ‘No Confidence’ Signal

Overachiever

Quote

Meanwhile, counterweights that usually strengthen when stocks fall—such as government bonds and the U.S. dollar—are also under pressure, leaving investors with few havens to wait out the storm.  

 

[Deleterious]

Buckle up. Tesla earnings call after market close today.

[Hongbit]

2 minutes ago, Deleterious said:

Buckle up. Tesla earnings call after market close today.

What is their incentive to give truthful and accurate numbers?

Who will stop them if they choose to fraudulently report?  

 

[Deleterious]

34 minutes ago, Hongbit said:

What is their incentive to give truthful and accurate numbers?

Who will stop them if they choose to fraudulently report?  

 

PwC was their independent auditor when I invested in Tesla.  I assume they still are and would be my first answer. 

 

 

[gehringer_2]

6 minutes ago, Deleterious said:

PwC was their independent auditor when I invested in Tesla.  I assume they still are and would be my first answer. 

 

 

you would think that any good accounting firm would bail if pressured to cook the books, and that is sometimes a good sign of a company going off the rails, but with Musk so tightly connected to vindictive President who respects no revenge guardrails, even a good firm might be more hesitant to bail on Musk. Again doesn't mean anything is going on, only that the current situation results in a situation where HB is justified in asking if we would be likely to find out.

[romad1]

4 minutes ago, gehringer_2 said:

you would think that any good accounting firm would bail if pressured to cook the books, and that is sometimes a good sign of a company going off the rails, but with Musk so tightly connected to vindictive President who respects no revenge guardrails, even a good firm might be more hesitant to bail on Musk. Again doesn't mean anything is going on, only that the current situation results in a situation where HB is justified in asking if we would be likely to find out.

Hard to imagine a more unlikely match between consumer and the Trump 2.0 administration as tech-savvy, environmentally-conscious Tesla owners of 2010-2024.   Counter-culture and Hippies and the VW Bug come to mind.  Hitler's car doesn't really scream out as the ideal vehicle for that demo. 

Perhaps if F-150/Chevy Silverado owners suddenly had to deal with the fact that their vehicles were associated with the Trans rights movement.  

[Hongbit]

PwC as a firm would stand up against any pressure from a client to cheat.  

I have my doubts that any of the super Teslabro/full MAGA leaders that run the client engagement would do the same.   There’s no fear of an Enron type fallout anymore.   

[gehringer_2]

16 minutes ago, romad1 said:

Hard to imagine a more unlikely match between consumer and the Trump 2.0 administration as tech-savvy, environmentally-conscious Tesla owners of 2010-2024.   

The Chinese position on Tesla has to be an interesting tension. A happy, empowered Musk is bad for the US and thus probably a good thing in Xi's eyes, so there would be a logic to not do anything to make it hard for Tesla in China. But on the other hand, they have to punish the US/Trump via Musk in the general conflict over tariffs. Then again, if BYD is building a cheaper and better alternative at home (they are), the Chinese buyer is going to make the need to resolve any policy tension moot.

[romad1]

Trump Treasury Sec Bessent: China tariff fight will deescalate

Does this matter if Peter Navarro still has Trump's ear? 

[Deleterious]

Tesla expected eps was anywhere from 39c-43c.  They came in at 12c eps. 

Could have been much worse.  Stock is green after hours but only like 3 tenths of a percent.  I think Musk speaks in 30 minutes.  Could see some movement then. 

[gehringer_2]

19 minutes ago, Deleterious said:

Tesla expected eps was anywhere from 39c-43c.  They came in at 12c eps. 

Could have been much worse.  Stock is green after hours but only like 3 tenths of a percent.  I think Musk speaks in 30 minutes.  Could see some movement then. 

It's still all 'greater fool'. If they had hit $0.40 they'd still be at over 100 P/E with no serious future expectation of increasing market share with BYD having lapped them internationally and Euro sales cratered by Musk's politics.