Manbearbull
@11_alv
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Tax professional, CA CTEC, CA real estate licensed (not a realtor) Stock and Crypto investor and Master data analyst. Tweets are not financial advice.
Joined February 2013
I’m glad the market was down today because now I can share my thoughts on 2024. We had a 1% drop today and every bear has stuck its head out of the cave to spread a little doom this holiday season. I don’t mind the drop at all, it just spreads some fear around making it easier for me to feel bullish. I know you’ve seen a post or two or a YouTube link to an “expert” warning of impending doom for markets and the economy as well — it’s the everything bubble worse than 1929! Only problem with that is we haven’t seen a major speculative run up to cause a major crash, further there is so many out there waiting for the crash to come like it’s a ship sailing into port. Only problem is, historically recession is called in hindsight. I see it this way, we are still feeling the effects of the 2022 bear market, many small cap stocks are still down 50% plus, forecasters have been calling for a recession since mid 2022. Forecasts drive production and we’ve seen layoffs due to these lowered forecast, yet consumer spending is strong. So what’s going to happen when strong spending meets a weak forecast? Well the price of cardboard going up is pointing to the answer. 2022 and 2023 did see a slow down in spending and GDP so is it possible we are coming out of a recession? Time will tell. As far as housing goes I’m going to state a very unpopular opinion and say I feel with falling yields and mortgage rates it’s going to heat up again this Spring. I’m looking to buy but not because I’m speculating, I’m just financially ready and want to move into a home with more space. For me I’m staying the course, sticking with scheduled buys and refusing to let any doomers prediction paralyze me into buying cans of tuna and blowing my check on gold coins. We’ll get through this fine IMO, I hope you all have a wonderful holiday and let’s all prosper in 2024.
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@SteveUrkelDude You need to switch to a vitamin rich diet eliminate white flour based foods go organic as much as possible and add raw milk and raw butter. Taking vitamins are useless because if you don’t include something to carry the vitamins, healthy fats do this.
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@RawQuantum The AI money will be mostly on the business and government infrastructure side. I don’t think AI will be a big consumer item but it will take some consumers jobs. Lol.
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No matter all the noise the job market is still strong.
Hot Jan jobs report despite 143k jobs added in vs 175k est: Prior months revised up, unemployment fell from 4.1% to 4.0%, wage growth 4.1% y/y vs the est of 3.8%, prime age labor participation ticked higher from 83.4% to 83.5%. Hours worked fell, but probably a blip considering the frigid January we had--expect a rebound next month.
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@BoomerDivvies I’m up 800% on one position and 537% on another Palantir position. Not even thinking about selling right now.
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