Yeah, Altria is a tad worrisome from a valuation standpoint. Verizon and AT&T are safer bets in my opinion if yield is what you are after along with low PE's. I don't own either and never make recommendations, only observations.Increased BHP stash to 1000 shares.
Might do more Altria but man. Their P/E is in the 40s vs BHP @7.
Bought 500 KOLD because screw it. Usually don’t do leveraged stuff but the trend seems favorable.
One GOV ****up and we’re screwed lol.
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If S&P breaks and undercuts the june lows after the breadth thrust and 50% retracement, that will be a historical first.
Definitely some serious shxt going on.
I hope it holds but it's knocking on the door.
Yep, there is no damn way I would buy a house with a 6%+ interest rate. Especially at something close to 7 figures.What did you expect. What was the June low? 3610 or something?
Inflation not seen in 40yrs
Dumb **** Prez keeps pouring money in while at the same time telling Fed to stop inflation by raising rates.
Realtor just told me average mortgage rates now are 7. High 6s for VA.
Be high sevens or 8 in Jan.
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Reeeeaaly should have sold my NVIDIA and AMD when it was up the other day
I got caught too with AMD, it's obviously too late to get out at this point. Was betting on no recession but the Fed is getting ahead of itself. First the Fed is behind and now ahead. So now I'm hoping for a quick recession of about a year. Remember - one of the first sectors that bounce back in a good economy are semiconductors. So at least we have that.
Inflation is already pulling back in commodities but the problem is this is supply side driven inflation. Raising interest rates does nothing for that. For example - the natural gas prices.. to make more available, cheaper - build more pipelines. But we all know the tree hugging Dems block any new conventional energy initiatives. All that Covid aid and student loan forgiveness dumped Billions into the money supply (M1, M2)- as well as years of easy money (artificially low interest rates) have caught up. Nothing is for free and now we are paying for it. More than likely the Fed will now overdo it and overshoot tightening, if they haven't already.