DD Support Board and Research Team

[rbtree]

Yeah...that's the word....Good thing I'm only quarter Greek....

[janice shell]

"Risk-on traders can now aim to get 4 times the return of the S&P 500 with the first-ever quadruple leveraged fund" !!!

Oh that sounds like SUCH a good idea!!

[bar1080]

"Risk-on traders can now aim to get 4 times the return of the S&P 500 with the first-ever quadruple leveraged fund" !!!

* "BMO has launched the first quadruple leveraged ETN fund that tracks the S&P 500.

* The fund will trade under the ticker symbol "XXXX" and seeks to generate four time the S&P 500's return on a daily basis.

* The launch come as bullishness rise among investors and Wall Street predicts more gains to come in 2024."

"Investors looking for a high-risk-high-reward bet on the S&P 500 can now buy into the first-ever quadruple leveraged fund that tracks the benchmark US stock index.

BMO launched the MAX S&P 500 4X Leveraged ETN fund on Tuesday, a first of its kind fund that seeks to generate 4x the daily return of the S&P 500. The fund eclipses the 3x leveraged stock market funds that are popular with short-term traders.

The launch of the fund comes at a time when bullishness among investors is on the rise and predictions for further gains in 2024 are proliferating across Wall Street. Most of the stock market's losses experienced during the 2022 bear market have been erased and the major stock market averages are less than 5% away from their all-time highs.

Meanwhile, bitcoin has soared more than 100% this year, yet another signal that suggests a return to the risk-on sentiment of the pandemic era.

Short-term traders that pile into these leveraged returns are typically looking for a quick return and trade in and out of them quickly, rather than holding them for the long-term.

"I suspect the [demand for leveraged products] will continue to grow as retail continues to adopt these… now you have retail traders able to trade from their phone anywhere they want, and these products help to cater that," Strategas Securities' ETF analyst Todd Sohn told ETF.com.

Holding these leveraged funds for the long-term can be highly risky, because while they can deliver outsized gains as the stock market moves up, small corrections in the stock market can generate huge losses."

https://finance.yahoo.com/news/risk-traders-now-aim-4-000432980.html

[bar1080]

Bizarre>>> GameStop Falls After Sales Miss. It May Use Cash to Invest in Stocks.

"GameStop shares fell in after-hours trading Wednesday after the videogame retailer reported worse-than-expected fiscal third-quarter revenue. But the company also revealed it may start to use its cash to invest in stocks.

"For the quarter ended in October, GameStop reported an adjusted loss of 1 cent a share; analysts polled by FactSet had forecast a loss of 8 cents a share. The company’s sales of $1.078 billion were below expectations for sales of $1.18 billion.

In the same quarter, hardware and accessories sales fell to $579 million, down from $627 million the prior year. Software sales declined to $321 million from $352 million."

https://www.barrons.com/articles/gamestop-stock-gme-earnings-a6db2d39

[uber darthium]

I think the Greeks are better known for “in-bowel”. LMAO

as in dis-embowel....?

[bar1080]

Deere (DE) raises dividend sixth time in past_2.5_ years!!!

https://www.sec.gov/Archives/edgar/data/315189/000155837023019502/de-20231206xex99d1.htm

The new annualized payout is $5.88, up from: $5.40 in Aug 2023; $5.00 in Feb 2023; $4.80 in Dec 2022; $4.52 in May 22; $4.20 in Aug 2021; and $3.60 prior to Aug 2021. At the current share price (~$366), the new annualized payout equates to a yield of 1.6%.

[rbtree]

as in dis-embowel....?

oops, that would be the Romans..

now back to your regularly scheduled programming

[uber darthium]

I think the Greeks actually had “bowel”
Games…

Well, the Greeks invented the Olympics, so I think it's likely their gods had bowl games.

[janice shell]

I never thought of that, but it makes sense.

[janice shell]

Oh, I see. Well, the Greeks invented the Olympics, so I think it's likely their gods had bowl games.

[BullNBear52]

For instance, mark to market accounting.

It is similar to Goodwill. Perhaps you are the one who should go back to school. The argument you'd like to make is I haven't lost money since I didn't sell yet.

But that doesn't show the true valuation of what is in the portfolio or what's on the balance sheet.

https://www.investopedia.com/terms/l/longterminvestments.asp

This is the stunt Trump pulled with his financial statements. lol.

[bar1080]

For many, "long-ago accounting homework" can cause problems. For instance, mark to market accounting.

[BullNBear52]

I've done my homework long ago. Goodwill is a dumping ground for takeovers gone bad. Ask P&G. lol.

[bar1080]

GAAP isn't funny to me. You need to do some homework. BTW I don't own P&G. But I am interested in the economics of shaving.

[BullNBear52]

In 2019 Schick announced a deal to buy Harry's razors for $1.37B and it was supposed to close in 2020. The only thing they needed was the FTC approval who finally vetoed the deal.

I'm sure Schick thanks it's lucky stars because the pandemic hit and people were no longer shaving every day.

Harry's ended up floating their own bonds.
https://www.forbes.com/sites/stevenbertoni/2021/03/31/exclusive-harrys-raises-a-155-million-series-e--at-17-billion-a-year-after-the-ftc-blocked-its-billion-dollar-sale-to-edgewell/?sh=67a0c76a9759

From the article,

A month later, Covid hit. "I remember one of the first Zoom calls—everyone was growing a beard," says Raider. "I was like 'Oh, gosh, this isn't gonna be good.'"

I had a subscription based on my shaving every day and going into the office but I was getting backed up on blades and shaving cream so I changed it to every 6 months. lol.

[BullNBear52]

Or, you can't carry Goodwill forever. Funny how GAAP works.

[BullNBear52]

Amy Klobuchar chairs the rules committee and they had just voted to suspend the rule on Tubby's block.

In football terms it was 4th down and a mile so he punted.

[BullNBear52]

No silly, in the Pantheon.

Well, unfortunately Tubby occupies a spot in the Pantheon,

[bar1080]

"P&G Bought Gillette 18 Years Ago. It’s Still Paying the Price."

"Procter & Gamble said it was booking a $1.3 billion charge on its Gillette business, adjusting the value of a shaving giant that it took over nearly two decades ago.

P&G PG -3.49%decrease; red down pointing triangle bought Gillette for stock initially valued at $54 billion in 2005, making it a dominant player in the global razor business. The unit has struggled in recent years as upstarts, such as Dollar Shave Club and Harry’s, have entered the market with lower prices. As of June 2023, P&G estimated its grooming business was worth about $14.1 billion.

It isn’t the first time that P&G has had to write down the value of its shaving business. In 2019, it took an $8 billion charge on Gillette, citing currency devaluations and a contraction in the blades business in more developed markets.

"In the latest fiscal year, sales in P&G’s grooming segment fell about 3% to $6.42 billion while profit slipped 2% to $1.46 billion. The segment includes Gillette razors for men, Venus razors for women and Braun electric shavers. It is the smallest of P&G’s segments, accounting for about 8% of its annual sales."

On Tuesday, P&G said in a securities filing that the underlying performance of the Gillette business remains strong and the latest adjustment is a noncash accounting charge. The company and its auditors at Deloitte re-evaluate the value of the Gillette brand and expected future earnings each year as they adjust their forecasts of inflation and impact of events such as the Russian-Ukrainian war. "

https://www.wsj.com/business/procter-gamble-to-book-up-to-2-5b-in-charges-for-restructuring-gillette-impairment-547af53b?siteid=yhoof2

[janice shell]

He isn't.

[davidsson10]

I suspected that, eventually, a sense of shame might play a persuasive role. Or embarrassment. Or guilt. Or garden variety fear. Or some sort of an emotional potpourri of all of these things, if indeed the inscrutable Mr. T is even capable of such.

https://www.choosingtherapy.com/shame/

[janice shell]

In Alabama? I have no idea.

[BullNBear52]

Do they have a bowl game there?

[janice shell]

Well, unfortunately Tubby occupies a spot in the Pantheon, or he wouldn't be a senator.

God knows he shouldn't be.

[janice shell]

Tubby folded like a rag doll.

Better phrase: "Tubby folded like a cheap table."

Have to use your "Dragnet" voice.

[BullNBear52]

Everyone knows Bear Bryant is the only God in Alabama and Saban is his son.

[BullNBear52]

Schumer was about to suspend the rule that allowed Tuberville to block the promotions and put the promotions to a vote on the Senate floor embarrassing the shit out of anyone who voted no. Tubby folded like a rag doll.

[BullNBear52]

Three months? I thought it was 2! lol.

[davidsson10]

True.

[janice shell]

True. Probably not everyone in Alabama thinks he's God.

[davidsson10]

He had to have finally seen the writing on the wall....as well as angry phone calls and emails from worried constituents, some of whom no doubt understood more than the Coach does that in the Senate, you sometimes have to go along to get along in order to effectively address the needs and concerns of the folks back in the state. Tubby must have finally realized that he wasn't in the House; he was in the Big Kids' Sandbox, and he'd better start acting like it.

[janice shell]

So do I. I wonder if the Republican senators who were already angry found a way to lean on Tubby. I hope so.

[davidsson10]

Never been in the military, never been pregnant - and most importantly, never been pregnant while serving in the military.....Mr. Clueless Tuberville here has a lot of nerve to plant his flag in the ground of this particular issue. When he finally leaves the Senate, I hope it's while crawling on his belly.

[janice shell]

Yes, exactly. As you say, he's the one who decided to create this mess because he's anti-abortion.

Somebody needs to ask him if he's ever been pregnant. I don't believe he's ever been in the military.

[davidsson10]

So, let me get this straight: Tuberville claims the White House is injecting politics into the military.....but Tuberville ain't doin' the same thing?!

[janice shell]

Here's one of them, at about 1:10:

She should have gone ahead and castrated him.