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Haven't read up on chatGPT in a few months, but the glaringly obvious flaw was it doesn't have live financial data whatsoever. In fact, the entire AI database was based on year(s) old archive data. Kind of useless for making any kind of forward projections. You could perhaps build some advanced...

For those huge 1 day moves, it never hurts to take some of it off the table. Never has to be an all or nothing in / out trade. Nice work. I nearly wrote a reply to you yesterday commenting how nicely IWM was consolidating on the daily chart, but figured you were aware and deleted.

Further on this, value / dividend stocks were getting beaten up also due to Treasuries. Why put in underlying capital risk for a 3-4% dividend stock when you could buy a 6mo-2yr treasuries paying 5% - 5.5% with zero downside risk whatsoever? Yields have cooled off now, so there's been a...

Sad news on Munger. Legacy can be summed as simple as this:

I would retire all day long with 10MM. Why would you want a new business at that point? It would have to be some hobby that you really enjoy and just happen to make money off of. With $10M and recent treasury rates, we were recently around 5% on a 20yr note. That's $500k per year in completely...

I was merely making commentary on the day. $T was my best day trade of the entire year, and my 2nd highest profit ticker of the year. This is my top 10 winners YTD. Largest profit from top to bottom.

It’s getting to the point that this isn’t exclusive to houses and vehicles anymore. Everyone it trying to jump into the installment payment (buy now pay later) industry. No this isn’t made up:

@Sanrith Descartes You can have hidden orders on exchanges. Lightspeed is just one broker example. Good way to hide massive liquidity give / takes. You can type how many shares of your trade you want visible, or just flip to "Hidden" all of the time. You can really run into this stuff day...

Bullish? US Credit-Rating Outlook Changed to Negative by Moody’s US Credit-Rating Outlook Changed to Negative by Moody’s

https://www.slashfilm.com/1443470/disney-delay-marvel-deadpool-3-captain-america-4-blade-more/ FCF boost for today. No media revenues for tomorrow. Just as I predicted.

Not the Oracle!?

30Yr auction going wrong again. Markets dont like it. Long end yield spike across the board. TLT -3% *(US) TREASURY $24B 30-YEAR BOND AUCTION DRAWS 4.769% V 4.189% PRIOR; BID TO COVER 2.24 V 2.42 PRIOR AND 2.38 OVER THE LAST FOUR AUCTIONS; >500 bps tail - Source TradeTheNews.com

I had read about DIS FCF in Q3 was 3x the size of their entire FY22 FCF. Reigning in costs is important. However, I am curious about how much of that cash is due to them axing streaming and film media projects after the recent bad press and box office bombs. This just means there is a longer gap...

Re EVs: You guys do know that it takes a lot of time and capital to scale up a new car company? The upfront costs are substantial and it takes many years to achieve profitability. Investors like to see demand to scale into. For perspective, Tesla took 17 YEARS to become profitable and that only...

IWM also down 1.6% today isn't confidence inspiring. This has been the leading indicator for months now. In the same boat as Blazin in that I am waiting to see how the first real pullbacks are treated. Need to see some buying demand to add anything back.

Front page of Bloomberg: Stock is still only down ~1% after hours. Can't kill this thing.

All of that said, Apple has had declining revenues all year and still just plowed on upwards in share price. 117B > 94B > 81B

My SPY gain from 410.5 I have trimmed half, as I am skeptical of AAPL earnings tonight and leading into a potential Fri risk-off move. (yes I can be dead wrong on this, but trying to be prudent and taking some profits.)

Zillow stock down nearly 10% on this news. https://www.nytimes.com/2023/10/31/realestate/nar-antitrust-lawsuit.html

30 Oct 23:02 [NVDA] *Said to have $5.0B in China orders in limbo after the latest US chip curbs; Reportedly halted plans for rush deliveries of China orders - US financial press - Source TradeTheNews.com

Nice timing. TLT catching a bid on: (US) Treasury quarterly financing estimates: To borrow $776B in Oct-Dec quarter v $845Be - Source TradeTheNews.com (less borrowing Q4 vs expected)

I did consider that I may have chosen my words poorly there. “Luckily” or perhaps “unfortunately” filled those shares. We are down a heck of a lot on this pull in. Even if this isn’t the overall bottom, we are due for a bounce. Nothing ever moves in straight lines and we’ve baked a hell of a lot...

Kind of a shitty day to pick for flying halfway around the world. I did set an order out there though and luckily grabbed a fill.

Quick reminder. Cash is a position. Especially when Fidelity is paying me 5% on it.

For context. Japanese intervention is at high risk at 150+. TLDR version is US yields spike massively. Yields spiking is a very real threat to stability right now...

MSFT stated growing Cloud revs in earnings yesterday, so there's speculation that has come at the expense of AMZN.

JPY USD hit 150. VIX moving up, 10Y yield moving back to highs, Netanyahu beating the war drums. SPY and QQQ sitting on some critical support before an abyss below. QQQ nearly at -2.5% on the day Trying not to be cute and contrarian and loading up too much. @Blazin ?

IWM dumping the day's gains and SPY closing below the 200D again isn't the greatest look.

SPY retesting the 200D

Car Owners Fall Behind on Payments at Highest Rate on Record Car Owners Fall Behind on Payments at Highest Rate on Record

I know you can buy directly through Fidelity. No clue on SoFi

We aren't oversold on the Daily for SPY either. Came into session midrange of RSI and a ways from lower Bollingers. Wouldn't be surprised to get a big shakeout still. OpEx today as well, but I think there are a ton of Puts ITM currently. Maybe this pop is to get them to book profits and close...

Yea, shit got all wacky during / after Powell Q&A. TLT new 52w low. VIX closed above 21. OpEx tomorrow. Buckle up kids!

Shit is getting frisky. Long some LMT. 14:43(IQ) Drones, rockets attack Iraq's Ain Al-Asad airbase, multiple blasts heard inside the base - press - Source TradeTheNews.com Plus https://www.cnn.com/2023/10/19/politics/us-navy-intercept-missiles-yemen/index.html

Love watching El-Erian shitting on Powell. Never gets old.

@Gravel post of the year there bud. Hahah

We hit 4.996% to be precise.