05-22-2024, 04:45 PM | #2201 |
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Join Date: Oct 2005
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Nvidia homeruns again. As far as driving market sentiment, used to be Apple but there’s a new boss in town.
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05-22-2024, 05:11 PM | #2202 |
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Location: Chicago, IL
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05-22-2024, 05:35 PM | #2203 |
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And just think where’d they be if we didn’t have sanctions on China.
Would be very good stock wise but China would then copy-and-cheat on the IP so it cuts both ways. |
05-22-2024, 06:55 PM | #2204 |
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Join Date: Jun 2006
Location: Chicago, IL
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State-sponsored monopolies are bad for consumers but understand if you own a lot of NVIDIA stock or on their board.
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05-22-2024, 08:00 PM | #2205 |
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Join Date: Oct 2005
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There are many valid reasons to protect a company, industry etc. (i.e IP theft, unfair trade practices etc.)
Only don’t complain if another country does it too. And then it gets to who started it first. Like Israeli-Hamas war |
05-24-2024, 10:18 AM | #2206 |
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Join Date: Sep 2004
Location: Chicagoland
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I mean, the Chinese state literally gives IP from non-Chinese companies to Chinese companies. When I worked in medical device, this was part of the conversation when deciding whether or not to bring a particular product to market.
Like many countries, China requires that detailed specifications for medical devices be submitted as part of the approval process. Within a year or two, you see a duplicate device being produced by a local company. The most common way around this is to do a joint venture with a Chinese company who can pay off the right people so that your IP isn't sold on to other in-country competitors. We never had this problem in other countries, including Brazil, India, Argentina, etc.... |
05-25-2024, 05:12 PM | #2207 |
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TBF the US practices protectionism in different ways, just not as blatantly as Chinas state sponsored theft.
The willingness of our key companies to compromise their IP (Tesla) is same old story like back in the 00s (Oracle offshore development). Good that now many companies aren’t that willing to compromise and the US government (Trump & Joe) have constrained their offering up key IP nowadays. In other news, Nvidia continues to delight! I am hoping they join the $3T club this year. Last edited by Edward64 : 05-25-2024 at 05:14 PM. |
06-05-2024, 02:57 PM | #2208 | |
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Sweet, sweet day in the markets.
Quote:
And in other news (and 2 weeks later) Nvidia is a $3T company … with no signs of slowing down. I am getting nervous though. The run up to Nov or Xi escalating on Taiwan messing up this beautiful year. |
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06-07-2024, 09:09 AM | #2209 |
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Join Date: Oct 2005
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Last day to buy NVDA before their 10-for-1 split.
Theoretically, it should be a neutral effect. But there's been alot of retail consumer interest and some guess more regular Joes will buy at $120 vs $1200. So bought some more today. You heard it here first (but don't blame me if it goes down). |
06-10-2024, 08:30 PM | #2210 |
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Markets up. NVDA up after their split.
Apple down with their big WWDC24 opening day. More big news about iOS new functionality that is really just "meh". Potentially big news with Apple launching Vision Pro outside of US, maybe others can create killer apps/games. I do like the new branding for "Apple Intelligence", I can see that catching on. Looking forward to Wed CPI and Jerome's decision. |
06-12-2024, 11:29 AM | #2211 | |
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Join Date: Nov 2013
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Quote:
Looks like the markets liked the data.
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06-12-2024, 11:47 AM | #2212 |
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Join Date: Oct 2005
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Yes, but Jerome will be speaking soon. And the market always seems to go negative when he speaks ... or at least initially, before rebounding. The Big-7 tech stocks seem unstoppable. They've found a new catalyst with all things AI. |
06-15-2024, 01:45 AM | #2213 | |
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Join Date: Oct 2005
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Thank you Mercury for Nasdaq, Nvidia, Broadcom etc. Nice 3% gain this past week.
I was looking up what God to pray to for the markets. Apparently, it is Mercury Quote:
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06-18-2024, 01:13 PM | #2214 | |
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Join Date: Oct 2005
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Nvidia is now #1. It’s gain 11+% since the split 11 days ago. Followed closely by Microsoft and then Apple. All $3T+ companies. Hope it continues to increase and no China-Taiwan surprise. |
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06-19-2024, 08:55 AM | #2215 |
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Join Date: Oct 2005
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Just rambling on ...
Indicators from past couple weeks indicate that inflation as a whole is moderating (or at least not increasing). Fed wanted to see a pattern and I do believe a pattern is emerging. There are 4 more chances to cut rates in 2024 ... Jul, Sep 18, Nov 7 and Dec 18. Scuttlebutt is Fed won't do anything until Dec. I've watched some pundits saying Fed should cut now or it'll be too late (e.g. recession). But they've been saying this since 4Q of last year and they've been wrong so far. Inflation has held up until recently. Jerome screwed it up early with his transitory comment, but he's doing well now. YTD the S&P 500 is up 13.8%, Dow up 12% and Nasdaq up 19.8%. So, all good news for Joe. Sure would be nice to have another 15-20% year in 2025. Last edited by Edward64 : 06-19-2024 at 08:57 AM. |
07-03-2024, 05:31 AM | #2216 | |
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Join Date: Oct 2005
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Just a fun fact. Today is the day, check out the chart in the link. Thank me afterwards.
Blocked Quote:
New S&P and Nasdaq high thanks to Jerome saying we've made progress. Great time to be in markets right now but suspect things will continue to be unsettled. Even if inflation is tamed, rates come down, there's always the question of who will be president. Last edited by Edward64 : 07-03-2024 at 05:35 AM. |
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07-03-2024, 12:14 PM | #2217 |
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Join Date: Nov 2013
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The SP500 is currently up 28 points and is at a record high! Not too shabby.
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07-04-2024, 05:30 AM | #2218 | |
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Join Date: Oct 2005
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Quote:
Agree, and Nvidia had a great day. Last week sucked because Nvidia kept going down (and I don't own any Tesla stock) but this week has been really sweet for me. Praying to Mercury that this continues for the next several years regardless of Joe or Trump. |
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